Nigerian crude prices are starting to fall as the remaining 15-20 Nigerian June cargoes struggle to sell due to weakening refining margins, trading sources said Monday. The remaining unsold cargoes are looking to find a home in Europe, ...
Tags: Crude Oil, Nigerian crudes
Ultra low sulfur diesel premiums in the northwest European CIF cargo market fell to $11.25/mt above May 0.1% ICE gasoil Futures Friday, their lowest since January 28 according to Platts data, after a sharp $3/mt fall in the cash premium ...
Tags: Diesel Cargo, low sulfur diesel
European fuel-grade ethanol prices have become less vulnerable to near-term declines as future prices are now high enough to encourage sellers to hold on to stock rather than selling it promptly, according to trading sources. Wholesale ...
The spread between Asian paraxylene and benzene fell to its lowest in more than nine years on Thursday, where it was assessed at minus $104/mt, down $0.50/mt from the the day before, Platts data showed. The last time the spread was lower ...
Tags: Paraxylene, Benzene
The May US mixed xylene contract price settled down 4 cents to $3.50/gal ($1,060.50/mt), industry sources said Tuesday. A lower settlement was anticipated by market participants due to quiet demand in downstream markets and from the Asian ...
The US methanol spot assessment reached its lowest level in more than 14 months Monday, assessed at $1.30/gal ($432.90/mt) FOB US Gulf as buying interest was thin due to well-stocked inventories, sources said. Monday's assessment was down ...
Tags: Methanol, FOB US Gulf
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week ended Friday lowered by 15.2 cents, or 14.01%, to an eight-week low of 93.34 cents/gal, a review of US Department of Agriculture and Platts data ...
Tags: Ethanol, dry-mill ethanol
The physical North Sea market is strengthening against the paper market, reaching a six-week high on Friday and bid higher Monday, as the return of some refineries from maintenance adds to crude demand, while less output than expected is ...
Tags: Physical Crude, Increased Demand
The Asian naphtha industry agreed Thursday that carbon disulfide, or CS2, levels in the light distillate have to be reported for cargoes originating from Sikka, India, and those from Western arbitrage flows into the region. Currently, ...
Tags: Naphtha Industry, Carbon Disulfide
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week ended Friday fell 20.06 cents, or 15.6%, to a six-week low of $1.0854/gal, a review of US Department of Agriculture and Platts data showed. As ...
Tags: Ethanol, dry-mill ethanol plant
US spot ethylene settled at a 12-week high Thursday to be assessed at 56.5-57 cents/lb FD USG, up 3 cents/lb week on week, as a delay in the startup of a major transmission line between Texas and Louisiana, tightening supply amid a busy ...
Vivergo, the UK's largest ethanol producer by capacity, said Wednesday that profitability at its 420,000 cubic meter/year (111 million gallon/year) plant at Hull in northeast England has been "adversely affected" by the lowest spot prices ...
Refining margins for sweet crudes are out-performing margins for sour crudes like Urals in Northwest Europe, Platts data shows, as lighter refined products have surged while heavier products have dropped. While cracking margins -- which ...
Tags: Sweet Crude, Gasoline
The US spot benzene assessment reached its lowest level in nearly five months Tuesday at $4.45/gal ($1,331.89/mt) FOB USG for April. Spot pricing was last seen at this level November 26, Platts data showed. US spot benzene has been on a ...
Tags: Spot Benzene, Benzene
The Northwest European styrene monomer/benzene spread rallied to a month-high Tuesday of $203/mt on stronger styrene, rebounding from a one-year low of $148/mt established April 4 but still representing deeply negative production margins, ...
Tags: Styrene, spot product