Russian-origin styrene butadiene rubber 1502 grade was seen being offered at prices similar to offers from mainland Europe this week eroding the Eur50-200 spread between product from the two sources through 2015, trade sources said. ...
Tags: styrene butadiene rubber, SBR-1502
The Singapore Exchange is increasingly taking on a bigger share of coking coal futures volume, latest trade data showed Tuesday. The SGX's FOB Australia Premium Coking Coal Futures contract made up 285,000 mt in trade November, up from ...
Tags: SGX, Coking Coal, iron ore, thermal coal
Polyethylene shipments from Singapore to India are expected to pick up in the long term following a free trade agreement taking effect December 1, sources said Friday. But sources in both markets do not expect this to have much impact ...
Tags: Polyethylene, Polymer, LLDPE plant
Some polymer traders in China are re-exporting their spot imported LDPE and LLDPE cargoes in a bid to clear inventory in the face of weak domestic demand, sources said Wednesday. This is an unusual practice because China usually absorbs ...
Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
Turkish export ferrous scrap saw a small decrease on Tuesday as a quiet market pressured against steady offer levels. Merchants this week have placed offers solidly at $195/mt, though no trades or counteroffers have been heard. "There ...
Tags: ferrous scrap, Mills
Although the preference for Australian over US coal continues, US high vol B is still holding its own in the market. Some buyers are now looking to the next benchmark with expectations of a fall from the current $89/mt FOB Australia. One ...
Tags: coal, high vol B coal
The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...
Tags: Dubai crude, gasoline, sour crude
Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...
Tags: Teapot Refiners, crude oil
Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...
Tags: crude, petroleum bitumen, fuel oil
Asian propylene term contract discussions for 2016 are likely to conclude at larger discounts than this year due to an increase in supply in the region, market sources said this week. A source at a producer in South Korea estimated the ...
Tags: propylene, spot market
Long Range 1 tanker rates are soaring in Europe as vessels are delayed due to high storage levels in Europe, and the busy naphtha arbitrage to the East is rapidly eating into the available tonnage. LR1 rates on the Northwest Europe to ...
Tags: LR1 Tanker, Naphtha, ships
Pakistan is set to regain ground in the Asian beverage-grade ethanol market amid recent surge in Brazilian ethanol -- the predominant source of grade B product currently, market sources said Tuesday. With several Pakistani sellers set to ...
Tags: freight rates, Grade B Ethanol, price
West coast Indian miner Fomento Resources has offered a cargo of 57%-Fe iron ore fines material through a spot tender Thursday, making this the first iron ore shipment the miner will send out of Goa after the state's mining bans were ...
Tags: Fomento Resources, seaborne prices, Iron Ore
The legal US cannabis industry is valued at $2.7 billion as of 2014 up 74 per cent from 2013, making it the fastest growing industry in the U.S. over that span (according to ArcView Market Research). As the market grows, so does the need to ...