Chevron Phillips Chemical has declared a force majeure for its polyethylene products, according to a letter to customers Tuesday that was obtained by Platts. The company said in the letter that the move was caused by a "contingency event" ...
Tags: Chevron Phillips, Polyethylene
Africa's largest steel producer, ArcelorMittal South Africa, has announced its financial results for the first quarter of the current year, reporting a net loss of ZAR 275 million ($30.2 million) compared to a net profit of ZAR 279 million ...
Tags: Arcelormittal, Vanderbijlpark Fire
The Platts June LNG Japan Korea Marker ended the Asian trading week down 15 cents/MMBtu at $14.85/MMBtu, as abundant June cargo availability and limited demand continued to weigh on prices. The June JKM rolled over Tuesday at ...
Tags: Asia Spot LNG, Platts June JKM
Some miners in Indonesia's East Kalimantan region have been deferring loadings of thermal coal cargoes by seven to 10 days amid rains, sources said Friday. Several vessels are being diverted to East Kalimantan from South Kalimantan, which ...
Tags: Asia Thermal Coal, Miners, Chemicals
On Wednesday, Brazil's Vale lifted the force majeure on a number of its coal sales contracts in Mozambique. On February 15, 2013, Vale declared force majeure following heavy rainfall since early February in Tete, Mozambique, creating ...
Tags: coal sales, coal, Vale
Amoco Mitsui PTA Indonesia declared force majeure on purified terephthalic acid supplies from its 485,000 mt/year plant at Merak, with effect from Monday this week, after the operating rate at the plant unexpectedly dropped, sources close ...
Australian miner Rio Tinto's mining operations contractor South Africa-based Eqstra Holdings has said that Rio Tinto should not have declared force majeure on coal exports from its Benga mine in Tete province, Mozambique since the flood ...
Tags: Rio Tinto, mine, Eqstra Holdings
Shell's Nigeria unit may be forced to shut down completely its key Nembe Creek oil pipeline in the Niger Delta following repeated attacks on the facility by thieves siphoning crude, the chairman of Shell companies in Nigeria, Mutiu Sunmonu, ...
Tags: Shell, oil pipeline, oil
Marathon Petroleum has declared force majeure on benzene, toluene and mixed xylene, trading sources said Monday. No further details are known and confirmation from Marathon was unavailable as a spokesman at the company declined to comment, ...
Tags: benzene, toluene, Spot benzene
Platts April LNG Japan Korea Marker ended the Asian trading week at $17.875/MMBtu, down 32.5 cents/MMBtu, as North Asian spring demand subsided along with expectations of temperatures warming up in the period. The one-month weather ...
Tags: LNG, gas, market view
European ethylene and propylene supply has tightened amid a spate of production issues, though the impact of this on spot prices is being moderated by poor derivatives demand, according to industry sources. Availability to the market had ...
Tags: NWE Ethylene, Propylene, LyondellBasell
Australian miner Rio Tinto has sent a notification to its mining operations contractor South Africa-based Eqstra Holdings, confirming that it has declared force majeure on coal exports from its Benga mine in Tete province and that all the ...
Tags: mine, mining operations, mining
Brazil-based miner Vale has announced that it has declared force majeure on February 15 on a number of contracts for coal sales from Mozambique. According to Vale's statement, high rainfall since early February 2013 and continuing over ...
Tags: miner Vale, coal sales, coal products
ArcelorMittal South Africa has announced that on Saturday, February 9, a fire occurred at its Vanderbijlpark plant, causing extensive damage to its steelmaking facilities and resulting in their immediate shutdown. No injuries were reported. ...
Tags: Arcelormittal, South Africa, Mineral
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India remained stable Friday, with a downward bias, as support from the South American grain season began to weaken, sources said. "Vessels ...
Tags: Panamax, Coal, Freight Rates