The premium of second-month cash Brent to front-month cash Dubai widened to $4.08/barrel Tuesday, the first time the spread has breached $4/b since early-March as a combination of a rising Brent complex and lower fuel oil cracks have ...
AUSTRALIAN stocks shot up by 1.3 per cent, with investors cheering comments out of the US that money would continue to be pumped into the world's largest economy. Shares in Australia soared on US Fed chairman Ben Bernanke's comments that ...
Tags: economy
China's twice-revised proposal to ban some imports of lower calorific value thermal coal, predominantly from Indonesia, and some US higher-sulfur thermal coal, was close to being suspended as a pretext to being quietly dropped, according to ...
Tags: Low CV Thermal Coal, Chemicals
The oil complex nudged slightly higher during light trading Tuesday. Those gains were led by NYMEX August RBOB, which settled 4.23 cents higher at $2.9260/gal. NYMEX August crude settled 39 cents higher at $103.53/barrel, while ICE August ...
The CIF price spread between naphtha and less expensive North Sea propane has narrowed on a lack of offers, according to industry sources. Over the summer, the petrochemicals sector in Northwest Europe uses significant quantities of North ...
Tags: Propane Price, Naphtha Price
IN another wild swing that extended the volatile start to the financial year, the stockmarket rebounded to sit 1.1 per cent higher after fresh data pointed to a strengthening US economy. Materials and energy stocks led the recovery from ...
Tags: US economy, market, economy
The Asian LPG paper market flipped to a slight contango for the first time since August last year Wednesday, on active selling of August Saudi Aramco propane Contract Price swaps, market sources said Thursday. If the structure steepens ...
Tags: LPG Market, Chemicals
The Gulf Coast heating oil differential fell 75 points Wednesday as US production and stocks increased and traders cited trouble finding ships to move any export barrels. Platts assessed the Gulf Coast heating oil differential at NYMEX ...
Tags: Heating Oil, Chemicals
Coles Supermarkets Australia Pty Ltd (Coles) has paid six infringement notices totalling $61,200 for alleged misleading representations about the country of origin of fresh produce made in five of its stores between March 2013 and May 2013. ...
The Northwest European July benzene contract price has been fully settled at Eur978/mt or $1,274/mt CIF ARA, according to negotiating parties. The settlement is down Eur67/mt ($79/mt) from the June contract price of Eur1,045/mt ($1,353/mt) ...
The premium of styrene over benzene in the Northwest European market rose to a nine-month high of $448/mt Thursday as spot price trends between the feedstock and its derivative diverged, Platts data showed. The premium, assessed Thursday, ...
Tags: Styrene Premium, Chemicals
Colonial Pipeline Tuesday said its product loss allocation charge for long-haul deliveries will increase to 18 cents/barrel from 16 cents/b on August 1 due to many factors, including Hurricane Sandy last fall. The Houston-to-New York ...
Tags: Colonial, Pipeline Shipping
The benzene price in the European spot market sank to a 13-week low Thursday after a week of a sharp -- around $100/mt -- downward correction. Barges for the delivery in ARA region 3-30 days forward were assessed at $1,238/mt at ...
The Mediterranean gasoline July cargo swap has risen to a premium to the July Eurobob barge swap, as lack of availability of prompt cargoes in the Mediterranean supports the market, trading sources said Wednesday. The bullish ...
Tags: Metallurgy, Mineral, Energy, Chemicals
The CFR China phenol price was mostly hovering below producers' breakeven costs for the last eight months due to high supply and weak demand, and there was little chance for respite with new capacity coming on stream. This is just the ...
Tags: CFR Phenol Price, Chemicals