Nearly 3 million barrels of Abu Dhabi's Murban crude is expected to move into the Mediterranean in June, according to traders, as weaker demand in Asia and expectations of a bullish summer in the Mediterranean Urals market have attracted ...
Tags: Asian Demand, Murban crude
After having witnessed a disappointing spring/summer season last year, Indian apparel brands and online retailers are gung-ho over sales that have been reported from the beginning of this season. Online fashion retailers as well as ...
Tags: Apparel, Accessories
Molybdenum oxide and European ferromolybdenum soared higher Thursday as sources said the market was being driven by extreme tightness for oxide powder. The Platts daily dealer molybdenum oxide assessment climbed to $13.70-14.20/lb on ...
Tags: Molybdenum oxide, ferromolybdenum
The Export Finance and Insurance Commission (EFIC) has examined free trade deals clinched with Japan and Korea this month and the trade agreement currently being pursued with China. “These agreements offer unprecedented access to ...
Tags: Electrolytic Capacitors, Asian FTA
Corn use in the U.S. has slipped lower in recent months, and that's got USDA opening up a slightly lower price range looking further into the 2013-2014 marketing year. That's according to Friday's monthly USDA World Agricultural Supply and ...
Tags: Agriculture, Food, Corn, Soybean
The Chicago Argo ethanol posted its steepest single-day gain in more than a month Wednesday in reaction to bullish data released by the US Energy Information Administration. For the first time in eight weeks, the weekly data showed ...
Tags: Ethanol, ethanol stocks
If you're not ready for a higher cattle market for a while, you better settle in and get ready for it, because it's going to continue for "multiple years" into the future, one expert says. Record beef prices at the consumer meat case ...
Tags: Beef Herd, cattle market
Of the 351 metro markets measured, 300 have seen year-over-year economic gains, according to the National Association of Home Builders/First American Leading Markets Index (LMI). The index shows that 59 metros have fully returned to or even ...
Tags: Metro Markets, Economic Gains
Farmers got 10% of the nation's corn crop planted in the last week. That's not bad considering the cool, damp conditions up to this week, but it's still well off the normal pace, according to Monday's weekly USDA-NASS Crop Progress report. ...
Tags: corn crop, Corn Planting
European polypropylene and polyethylene producers are targeting a May contract price increase because of low stock availability and seasonal demand, sources said. PE producers were aiming for increases of Eur20-60/mt ($28-83/mt) and PP ...
Tags: Polyolefin, PE, ethylene CP
State-owned PetroChina has hiked its shale gas production target significantly and now expects to produce 2.6 billion cubic meters/year next year, a senior executive was reported as saying Monday. This is an increase from an earlier ...
Tags: PetroChina, Shale Gas
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
US investment bank Goldman Sachs said Wednesday it has upgraded its three-month and six-month nickel price forecasts on the back of the Indonesian ban on nickel ore exports. The bank notes that following a fragmented Indonesian election ...
Tags: Goldman Sachs, Nickel
Molybdenum oxide prices jumped above $12/lb in warehouse Rotterdam Thursday as buyers were forced to accept higher prices in order to secure stock as fewer firm offers were made. However, lower prices were heard in Asia and Platts daily ...
Tags: Molybdenum, oxide, oxide powder
Toluene hydro-dealkylation units in Europe are maximizing their run rates amid continuous strength in the benzene market, leading to a renewed interest in incremental toluene, according to sources. This has already triggered some spot ...
Tags: Benzene, Toluene, hydro-dealkylation