Industry Views of chemicals - Made-in-China.com

Chinese Iron Ore Miners Aims to Satisfy 50% of The Country's Annual Iron Ore Consumption

Mar 24, 2014

An industry group representing Chinese iron ore miners aims to satisfy 50% of the country's annual iron ore consumption with domestic supply by 2025, up from the current 30%, via consolidation and expansion of mining companies, a senior ...

Tags: Iron Ore, Domestic Supply, Chemicals

Chicago Board of Trade May Soybean Oil Futures Were Down 47 Points to 41.63 Cents/Lb

Mar 24, 2014

Chicago Board of Trade May soybean oil futures were down 47 points to 41.63 cents/lb Thursday after the US Department of Agriculture's weekly report showed a decline in weekly net export sales. For the reporting week ended March 13, ...

Tags: Soybean Oil, physical exports, Soybean

US Ethanol Industry Ask The Supreme Court to Hear Its Challenge to California's LCFS

Mar 24, 2014

The US ethanol industry will ask the Supreme Court to hear its challenge to California's Low Carbon Fuel Standard, two trade groups said Thursday. The Renewable Fuel Association and Growth Energy petitioned the high court to overturn the ...

Tags: Ethanol Industry, Ethanol, oil industry

Freight Rates for Shipping Coal Continued to Rise for The Fifth Consecutive Week

Mar 24, 2014

Freight rates for shipping coal from northern China's Qinhuangdao port to the southern Chinese ports of Zhangjiagang, Shanghai and Guangzhou continued to rise for the fifth consecutive week, a weekly report released by Qinhuangdao port ...

Tags: Qinhuangdao Port, Coastal Coal

Vietnam's Oil Product Imports in February Rose for a Third Consecutive Month

Mar 18, 2014

Vietnam's oil product imports in February rose for a third consecutive month, on a year-on-year basis, following declines for most of last year, customs data released late Thursday showed. The country imported 602,827 mt of oil products ...

Tags: Oil Product, crude, gasoline

Prompt Prices on The UK's NBP Gas Trading Hub Fell

Mar 18, 2014

Prompt prices on the UK's NBP gas trading hub fell Friday morning as the system saw a large supply surplus and warm, sunny weather expected for the weekend should further cut heating demand. "The system was the longest I've seen it," one ...

Tags: gas storage, Oversupply

Prices of Spot Delivered Thermal Coal Cargoes Into Turkey Slipped Friday

Mar 18, 2014

Prices of spot delivered thermal coal cargoes into Turkey slipped Friday, following a lower-priced deal for US material and buyers willing to wait for cheaper prices, sources said. Platts assessed the weekly CIF Turkey 6,000 kcal/kg ...

Tags: Thermal Coal, US Deals

Norwegian Crude Oil Production Totaled 1.546 Million B/D in February

Mar 17, 2014

Norwegian crude oil production totaled 1.546 million b/d in February, up 6.8% from 1.448 million b/d in February 2013, according to preliminary figures released Thursday by the Norwegian Petroleum Directorate. The latest figure is down ...

Tags: Oil Output, crude oil, NGL

Japanese Companies Are Willing to Invest in Iran's Petrochemical Sector

Mar 17, 2014

Japanese companies are willing to invest in Iran’s petrochemical sector, Japanese Ambassador to Tehran Koji Haneda has said, FARS News Agency reported. During a tour of Ilam petrochemical complex in Western Iran, Mr. Haneda said ...

Tags: petrochemical, Chemicals, petroleum

Overall US Ethanol Stocks Slumped 703,000 Barrels to 15.908 Million Barrels

Mar 14, 2014

US East Coast ethanol stocks for the reporting week ended March 7 slumped 294,000 barrels to an all-time recorded low of 4.565 million barrels, Energy Information Administration data showed Wednesday. Overall US ethanol stocks slumped ...

Tags: Ethanol Stocks, gasoline, gasoline demand

The US Will Sell 5 Million Barrels of Sour Crude From Its Strategic Petroleum Reserve

Mar 14, 2014

The US will sell 5 million barrels of sour crude from its Strategic Petroleum Reserve as part of a test sale to evaluate its ability to distribute oil in the event of an emergency, the Department of Energy said Wednesday in a Notice of ...

Tags: Sour Crude, Department of Energy

Initial Settlements for US March Propylene Contract Prices Called for a $33/Mt Decrease

Mar 13, 2014

Initial settlements for US March propylene contract prices called for a 1.5-cent/lb ($33/mt) decrease from February, market sources said Tuesday. The decrease, if settled marketwide, would put polymer-grade propylene prices at 72 cents/lb ...

Tags: Propylene Contracts, polymer-grade propylene

Munich-Based WACKER Group Has Adopted The Motto "Discover Tomorrow's Solutions"

Mar 12, 2014

Munich-based WACKER Group has adopted the motto "Discover Tomorrow's Solutions" for this year's Middle East Coatings Show (MECS), in Dubai from March 10 to 12. The company is unveiling a new dispersible polymer powder for cost-efficient, ...

Tags: Chemicals, Construction, Decoration

Copper Cathode Inventories at China's Shanghai Futures Stock Exchange Warehouses Rose

Mar 12, 2014

Copper cathode inventories at China's Shanghai Futures Stock Exchange warehouses rose for the eight straight week to 207,320 mt as of March 7, up 4.6% week on week, according to SHFE data released late Friday. SHFE copper cathode stocks ...

Tags: Copper Cathode, SHFE Warehouses

Tianjin Precious Metals Exchange's Plan to Start Spot Copper Trading Would Boost Trade

Mar 11, 2014

Tianjin Precious Metals Exchange's plan to start spot copper trading from March 17 would probably boost trade in the metal in northern China, industry observers said Thursday. There could be some movement in trading from eastern and ...

Tags: Copper Market, spot copper

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