Oil prices surged on Thursday as economic data around the globe added optimism to economic growth. In the week ending July 27, the advance figure for seasonally adjusted initial jobless benefits claims decreased 19,000 to 326, 000, the ...
Tags: Oil Prices, Global Growth Optimism
It was assessed by SunSirs that in the tracked 100 spot commodities,18 commodities increased in prices, 35 fell and 47 remained unchanged on 31/07/2013.The largest rises were Methanol (0.84%),Polyester yarn (0.69%),PTA (0.65%),while the ...
Tags: Spot Commodities
Canada's Methanex is "making solid progress" on its plans to increase its global methanol production capacity by up to 1 million mt/year by the end of this year, CEO John Floren said in a statement late Wednesday. In New Zealand, the ...
Tags: Methanex, Methanol Capacity
Oil prices advanced on Wednesday after a report showed that U.S. economic growth was higher than expected in the second quarter of the year. The U.S. real gross domestic product (GDP) increased at an annual rate of 1.7 percent in the ...
Tags: Oil Prices, Economic Data
It was assessed by SunSirs that in the tracked 100 spot commodities,30 commodities increased in prices, 21 fell and 49 remained unchanged on 01/08/2013.The largest rises were BR (2.66%),Copper (1.80%),Nickel (1.44%),while the largest falls ...
Tags: Spot Commodities
Transparency Market Research (TMR) has released a report on acrylic acid. Acrylic acid is a colorless organic compound derived by the oxidation of propylene. It is the simplest carboxylic acid that exists in a polymerized form and has a ...
Tags: Acrylic Acid, Acid
It was assessed by SunSirs that in the tracked 100 spot commodities,19 commodities increased in prices, 23 fell and 58 remained unchanged on 29/07/2013.The largest rises were Phenol (1.82%),Calcium carbide (1.44%),PA (1.08%),while the ...
Tags: Spot Commodities
The regulatory measures to reduce greenhouse gases are creating a billion dollar per year market for CO2 mitigation equipment and services. However, the amount to be spent for sequestration will be far less than for improving efficiency of ...
Tags: Carbon Dioxide, greenhouse gases
Asian styrene monomer prices rose $8/mt from Wednesday's assessment, with Thursday morning pegs assessed at $1,808.50/mt FOB Korea and $1,837.50/mt CFR China amid market talk that Saudi Petrochemical Co, or Sadaf, has shut its 580,000 ...
Tags: Asian styrene monomer, Chemicals
Record-high styrene prices in Asia are likely to begin attracting regular US export deliveries away from Europe, where demand has been cooling, European sources said this week. Rising prices in Asia mean that the region has now overtaken ...
Tags: Record-high styrene, Chemicals
It was assessed by SunSirs that in the tracked 100 spot commodities,22 commodities increased in prices, 17 fell and 61 remained unchanged on 25/07/2013.The largest rises were Ethylene glycol (1.95%),LLDPE (0.91%),Nickel (0.58%),while the ...
Tags: Spot Commodities
US spot benzene reached $4.18/gal ($1,249.82/mt) Thursday on stronger demand, up 18 cents/gal from the July 17 one-year low of $4/gal FOB US Gulf Coast, sources said. Sources have attributed the stronger demand to derivative styrene ...
Tags: Spot Benzene, Chemicals
China's benzene imports plunged to a 10-month low of 15,112 mt in June, down 80.7% from May due to cheaper domestic cargoes amid high inventories, data released Tuesday by the General Administration of Customs showed. In June, the average ...
Tags: benzene imports, China Petroleum
Natural rubber surpluses and poor demand, especially from China, will weigh on spot prices for the commodity, Germany's Commerzbank said in a report issued Tuesday. "Several years of supply surpluses on the global rubber market have ...
Tags: Natural rubber, Chemicals
South African-based Sasol and Switzerland-based Ineos will team up to produce high density polyethylene in the US, the companies said Wednesday, announcing plans for a joint venture which would include a 426,000 mt/year HDPE plant. "This ...