US June propylene contract prices settled down 3 cents/lb ($66/mt) from May, sources said Friday. The decrease puts prices for polymer-grade propylene at 67.5 cents/lb ($1,488/mt) and chemical-grade propylene at 66 cents/lb ($1,455/mt) ...
Northwest European spot styrene values rallied $45/mt or 3% Wednesday morning in reaction to the fire that broke out at Ellba's styrene monomer/propylene oxide plant at Moerdijk, the Netherlands. Styrene end-users and consumers stepped ...
Tags: spot styrene, specific material
Europe is likely to remain a net importer of caustic soda as capacity is threatened by the EU's 2017 deadline to make the costly switch to greener technology, Michael Trager, CEO of German PVC producer Vestolit, said this week. "In the ...
Tags: Caustic Soda, chlorine
A three-month old arbitrage window to export Asian butadiene to the US that had been slowly closing earlier this month has widened again this week and as a result producers and traders have been heard trying to arrange for butadiene cargoes ...
Tags: Butadiene, Asian butadiene
Nigeria is set to load 4.95 million barrels of Bonny Light in June, compared to 4.9 million barrels in May, according to a copy of the grade's loading schedule seen by Platts on Tuesday. There are currently five cargoes scheduled to load ...
Tags: Crude Oil, Light terminal
Fears of China moving to ban the import of lower grade coal have again resurfaced amid concern over the country's high pollution levels, with several market participants indicating that the government is seriously contemplating such a move ...
US polyethylene contracts rose 4 cents/lb in February after producers were successful in implementing the hike that had been anticipated since the end of 2013, market sources said. Producer sources had expressed confidence in obtaining ...
Tags: Polyethylene, Chemicals
US PVC maker Axiall will raise its suspension grade PVC prices on February 1 by 3 cents/lb, or as contracts allow, the company said Friday in a letter to customers. The increase follows a similar announcement from December 3, when the ...
Tags: PVC Prices, PVC Maker
Vale SA announced Monday that it has lifted the force majeure declared on December 27 on a number of its iron-ore sales contracts. Heavy rains and generally unfavorable weather conditions impacted shipments in the Southeastern part of the ...
Tags: Vale, Force Majeure, Iron-ore Sales
Reportedly, Vale SA is declaring force majeure on some of its iron ore sales contracts by reason of heavy rainfalls since December in southeastern Brazil, especially in the state of Espírito Santo where landslides and floods ...
Tags: iron ore
Vale S.A. (Vale) informs that it is declaring force majeure (FM) on a number of its iron ore sales contracts as a result of the weather conditions in the Southeast of Brazil. Heavy rainfalls since December in the Southeast of Brazil, ...
Tags: Vale, force majeure, iron ore sales
Vale SA announced Friday that it has declared force majeure for some iron ore delivery contracts due to heavy rains in the southwest part of the country. Flooding and landslides in the states of Minas Gerais and Espirito Santo have ...
Tags: Iron Ore Deliveries, Mineral
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) remained broadly unchanged at 29.93 million barrels per day (b/d) in October following production of 29.91 million b/d in September, a just-released ...
Baker Hughes Incorporated (NYSE: BHI) today announced that a protest incident by local residents occurred last Saturday at a subsidiary's facility near Basrah, Iraq. No injuries were suffered and the facility was secured. The incident is ...
Tags: Baker Hughes, Iraq, force majeure
Americas Styrenics has declared force majeure on polystyrene resin after a power outage at its plant in Torrance, Calif. The Sept. 15 outage was "a total power failure," PS business director Tim Barnette said in a Sept. 17 statement. ...
Tags: Polystyrene, Styrenics