The Northwest European benzene market tumbled to a 15-week low of $1,335.5/mt Tuesday on a combination of weak downstream demand, upcoming derivatives turnarounds, a closed arbitrage to the US, as well as persistently high inventories, ...
Tags: benzene, US, Platts data
Trader Media Group (TMG), which owns Auto Trader, could replace its iPhone estate with Windows Phones, while Android will not be considered as it "has too many security vulnerabilities". In an exclusive interview with Computing, TMG CIO ...
Tags: Trader Media Group, Windows Phones, security vulnerabilities
Kloeckner & Co. (KCO), the German-based steel trader reported a loss last year due to the shrinking demand for metals. The net loss sum up to €198 million and the earnings before interest, taxes, depreciation and amortization ...
Tags: steel trader, steel, steel industry
Chinese buyers remained on the sidelines as they continued to scout for thermal coal cargoes at cheaper prices with no rush to conclude deals amid huge stockpiles at ports and power companies, sources said. Despite the lack of demand, ...
Tags: ASIA THERMAL COAL, Bargains, Imported Coal
The US Gulf Coast-Asia arbitrage for isomer-grade mixed xylenes on paper does not appear to be re-opening any time soon, as arbitrage economics continued narrowing, plunging to a five-month low Tuesday, Platts data showed. "The US-Asia ...
Tags: Asia arbitrage, Chemicals, USGC
International commodities trader Glencore International plc (Glencore) has announced its financial results for 2012, stating that 2012 was characterized by lower prices across all base metals, though volumes remained strong and this enabled ...
Tags: iron ore sales, iron ore, minerals
UK natural gas for same-day delivery rose to 108 pence/therm Monday morning -- a price the market has not closed above since 2006 -- due to unplanned North Sea outages. Stormy weather caused a failure in the Norwegian power grid system ...
Tags: gas, natural gas, oil pipeline system
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
The Northwest European March benzene contract price has been fully settled at Eur1,054/mt, or $1,380/mt, CIF ARA, industry sources confirmed Friday. The settlement represents an increase of Eur14/mt and a decrease of $28/mt compared ...
US fuel oil exports to the Netherlands, Europe's primary demand hub, were the second-highest on record for 2012 but slowed in the latter part of the year, according to US data, signaling a shifting dynamic as domestic demand for the ...
Tags: Metallurgy, Mineral, Energy, high sulfur fuel oil
PA Consulting and Raspberry Pi have selected the finalists of their programming challenge who will present their ideas to six expert judges on 20 March. The competition was intended for school and university students to present ...
Tags: PA Consulting, Raspberry Pi, programming
International commodities trader Glencore International plc (Glencore) has announced that it will not be able to complete the $31 billion takeover transaction for the Anglo-Swiss miner and coking coal producer Xstrata plc (Xstrata) by March ...
Tags: miner, coking coal, mining giant
US propane and propylene stocks dropped 3.22 million barrels to 47.85 million barrels in the reporting week that ended Friday, the Energy Information Administration said Wednesday Midwest supplies fell 926,000 barrels to 13.52 million ...
Buying interest stayed muted at south China's trading hubs for imported thermal coal Tuesday, and CFR delivered prices were rangebound at $86/mt and remain capped by competitively priced domestic thermal coal, traders said. The ...
Tags: south China, thermal coal, imports
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