The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
European prompt gas prices rose Wednesday despite strong Norwegian gas supplies, as higher than normal seasonal demand in the UK gas hub supported higher prices on the continent. Day-ahead gas contracts on the Dutch TTF trading hub were ...
Kazakhstan-based mining group Eurasian Natural Resources Corporation Plc. (ENRC) has announced its operational results for the first quarter of 2013. The miner registered a ferroalloy output of 364,000 mt in the first quarter this year, ...
US refiner Phillips 66 said Wednesday it plans to increase its product export capacity by 50,000 b/d to 370,000 b/d by the end of this year and to raise the volume of less expensive North American crude it processes at its US refineries. ...
Tags: Phillips 66, Export Capacity
Styrolution will increase the selling price on all polystyrene grades by 4 cents/lb ($88/mt) effective Wednesday, the company said in a letter to customers. Styrolution cited feedstock price increases in the letter, sent Tuesday. The ...
NXP Semiconductors reported first quarter revenues of $1.085bn which is 11% up on this quarter last year. The company’s strongest business continues to be the high performance mixed signal (HPMS) IC business which includes ...
Tags: NXP Semiconductors, ARM Chips
It's reported that Korea's H beam imports from China surged substantially recently. According to statistics, Korea's H beam imports totaled 14,665 tons between March 1st and March 25th, surging by 49% from a month ago. Among them, 96% were ...
Tags: H Beam, steel, Metallurgy, Mineral, Energy
The Peruvian polyvinyl chloride market flipped into backwardation for April as buyers took long positions in anticipation of lengthening supply in second-quarter 2013, sources said Thursday. "Consumers are buying only the minimum amount ...
Tags: PVC Dips, Seasonal Demand, Peruvian
Emcore Corp of Albuquerque, NM, USA, which manufacturers compound semiconductor-based systems for fiber-optic and solar power applications, has reported generally improved financial results for fiscal first-quarter 2013 (to end-December ...
US poultry group Sanderson Farms has indicated its first-quarter margins remained under continued pressure from high feed costs despite rising poultry market prices. The company said today (21 January) that net sales for the three months ...
Tags: Sanderson Farms, irst-quarter margins, high feed costs
Non-LST normal butane in the US Gulf has gained 14.1 cents on the week, Platts data showed Friday, on low inventories and seasonal blending demand, market sources said. Non-LST butane prices were heard trading at $1.90/gal Friday morning, ...
Tags: normal butane, low inventories, seasonal blending demand, market sources
Al Kabeer, a Dubai-based manufacturer of frozen foods, has plans to open a frozen food facility in Saudi Arabia with an investment of SAR50m ($13.3m). The plant will be based in Jeddah and will have a capacity to produce 2,000 tonnes of ...
China will consider linking gas prices across the value chain as well as the establishment of a national natural gas trading market during the current 12th Five Year Plan period to 2015, according to an official development plan for natural ...
Ask any retailer. We were blessed with great spring weather in North America this year, and now there aren’t nearly enough bikes in the channel to meet demand. Dealers blame suppliers for not building the right number. Suppliers ...
L/LDPE The L/LDPE price bubble has truly burst with notations tumbling in June. Producers initially hoped to limit the downward price adjustment in line with the ?20/tonne drop in the June ethylene contract price but were swiftly forced to ...
Tags: market view, Plastics prices