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

A US Commodity Trading House Has Filed a Class-action Lawsuit in New York Against BP,Shell

May 28, 2013

A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices. The oil ...

Tags: Chemicals, Metallurgy, Mineral, Energy

A Long-standing Dispute Over The Problems Surrounding Kenya's Sole Refinery Is Escalating

May 28, 2013

A long-standing dispute over the problems surrounding Kenya's sole refinery in Mombasa is escalating, triggering fears the country could lose clout as an investment magnet for neighboring countries. A financial crisis at the aging plant ...

Tags: Chemicals, Metallurgy, Mineral, Energy

US Natural Gas Vehicle Market Needs Federal and State Tax Incentives

May 28, 2013

The US natural gas vehicle market needs federal and state tax incentives if it is to grow appreciably in the next 10 years, an analyst with Barclays said Friday. "If the state is willing to give you $20,000 for an NGV, the economics would ...

Tags: Chemicals

European Monoethylene Glycol May Contract Price Was Fully Settled Eur965/mt FD NWE

May 27, 2013

The European monoethylene glycol May contract price was fully settled Thursday Eur965/mt ($1,252/mt) FD NWE, industry sources said Friday. It represents a fall of Eur55/mt from April The initial settlement was between Shell as a seller ...

Tags: Monoethylene Glycol, Chemicals

Precise Scope Has Become Clearer

May 25, 2013

The precise scope of China's proposed ban on the importation of lower calorific value thermal coal has become clearer after Platts was given sight of a copy of the relevant draft regulation and has been able to publish its contents for ...

Tags: Low-CV Thermal Coal, Chemicals

Gasoline Prices in Western Canada and The US Midwest Have Jumped Due to Supply Issues

May 24, 2013

Gasoline prices in Western Canada and the US Midwest have jumped due to supply issues surrounding the turnaround of Suncor's 135,000 b/d Edmonton, Alberta, refinery, industry sources said Thursday. "Suncor's move to secure gasoline and ...

Tags: Retail Gasoline, Chemicals

Mediterranean Gasoline Cargo Market Has Switched From a $19.75/mt Discount

May 24, 2013

The Mediterranean gasoline cargo market has switched from a $19.75/mt discount under the Northwest European Eurobob market to a premium of $10.75/mt in two weeks, on limited supply, market sources said. "The Med is totally dry...the arbs ...

Tags: Med Gasoline, NWE EBOB

NYMEX June Natural Gas Futures Contract Remained in Modestly Positive Territory Midday

May 24, 2013

The NYMEX June natural gas futures contract remained in modestly positive territory midday Thursday after the US Energy Information Administration released a storage report that most market players deemed neutral. As of 12:30 p.m. EDT ...

Tags: NYMEX, Chemicals

Horizon Oil Has Agreed to Sell 40% of Its Assets in Papua New Guinea

May 24, 2013

Horizon Oil has agreed to sell 40% of its assets in Papua New Guinea, which it hopes will underpin a mid-scale LNG project, to Japanese utility Osaka Gas for $204 million, the Australia-listed company said Thursday. The purchase price ...

Tags: Australia's Horizon, Osaka Gas

China's Proposed Ban Will Have a Serious Impact on Indonesian Sub-bituminous Coal Prices

May 24, 2013

China's proposed ban on imports of low calorific value thermal coal will have a serious impact on Indonesian sub-bituminous coal prices, industry sources said Thursday. Platts, quoting well-informed sources, reported this week that ...

Tags: Low CV Coal, Indonesian Prices

If CFCT Are Not Harmonized,International Derivatives Markets Could Be Damaged

May 24, 2013

If cross-border rules currently proposed by the US Securities and Exchange Commission and the Commodity Futures Trading Commission are not harmonized, international derivatives markets could be damaged, according to exchange executives and ...

Tags: Cross-Border Rules, Execs Call

China Could Be Ready to Deploy Its Proposed Embargo on Imports of Thermal Coal

May 24, 2013

China could be ready to deploy its proposed embargo on imports of thermal coal with a calorific value of less than 4,540 kcal/kg on a net-as-received basis, and on thermal coal with a sulfur and ash content of more than 1% and 25% ...

Tags: Low CV Coal Imports, Chemicals

Australian Coal Terminal Employees Have Called for an Eight-hour Strike Friday

May 24, 2013

Five unions representing Australian coal terminal employees have called for an eight-hour strike Friday at the Port Waratah Coal Services export facility, a company spokesman said Tuesday. The strike is expected to start at 6:30 a.m. ...

Tags: Coal Terminal, Chemicals

NYMEX July Crude Settled $1.90/b Lower at $94.28/b

May 24, 2013

Continuing speculation about the future of the US Federal Reserve's asset-purchasing program in the wake of congressional testimony by Chairman Ben Bernanke sent the dollar sharply higher Wednesday, and augmented downward pressure on the ...

Tags: NYMEX Crude, Chemicals

Northwest European Urals Differential Has Moved to a Premium

May 24, 2013

The Northwest European Urals differential has moved to a premium to the lighter Forties crude grade for the first time in nine months, as supplies of the Russian sour crude tighten and demand for the North Sea grade slackens, market sources ...

Tags: Chemicals, NWE Urals

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