US March ethylene contract negotiations are still ongoing as US PVC producers are holding out for larger decreases, market sources said Tuesday. "A number of buyers have settled at a 4-cent/lb decrease, however there are at least two PVC ...
Tags: Ethylene, PVC Producers
Ferromolybdenum prices struggled to keep pace with rising molybdenum oxide prices as the market remained cautiously optimistic, sources said Tuesday. Platts assessed its daily dealer molybdenum oxide price at $11.50-11.70/lb, up from ...
Tags: Ferromolybdenum, Oxide Powder
Russian AK5M2 secondary aluminum feedstock prices remained under downward pressure for a second week from weak export demand, Japanese buyers said Tuesday. Several Russian producers Tuesday offered $1,940/mt CIF Japan for AK5M2 feedstock ...
Tags: Aluminum Prices, Japanese Demand
Global ports expect to see LNG account for 13% of the bunker fuel market supply come 2020 and 24% by 2025, according to a Lloyd's Register report Monday. Lloyd's global marketing manager Luis Benito shared the observations at a media ...
Tags: LNG, Bunker Fuel Supply
The arbitrage to ship styrene monomer from the US Gulf to Northeast Asia has opened this week after being closed since late last year, traders and end-users in Asia said. But demand remains uncertain as China still has a relatively high ...
State-owned China Petroleum and Chemical Corp, or Sinopec, hiked its ex-works price for benzene in East China by Yuan 100/mt ($16/mt), or 1.23%, to Yuan 8,200/mt effective Tuesday, market sources said Wednesday. It is the first increase ...
Tags: Chemicals, Metallurgy, Mineral, Petroleum
Spot imports of primary aluminum ingot into Japan were thin this week as buyers were waiting to see the impact from the postponment of LME's new warehouse process rules, Japanese market sources said Wednesday. Trade was thin also due to ...
Tags: aluminum ingot, spot market
The premium on LNG cargoes delivered into the Asia Pacific market compared with Southwest Europe is down 63 cents/MMBtu, or roughly 19%, since early January on steady demand in the Atlantic Basin from South American buyers. Recent buy ...
Low-sulfur crude grades in the North Sea have dropped to more than four-month lows on differentials versus Dated Brent on pressure from competing grades in the Mediterranean. On Tuesday, Norwegian North Sea crude grade Ekofisk hit a ...
Tags: Low-sulfur crude, refinery, crude
While current traded prices for L8 and L10 steelmaking pig iron in northern China's Hebei province have slipped since March 3, the market is likely to see higher traded values in the coming weeks with some offers seen rising by as much as ...
Tags: Pig Iron, steel mills, Iron
The Northwest European April benzene contract price has been fully settled at Eur1,019/mt or $1,402/mt CIF ARA, market sources said Tuesday. The settlement represents an increase of Eur16/mt and $32/mt from the March contract price of ...
Tags: benzene, spot prices
The premium of Indonesian Minas crude to front-month May ICE Brent futures fell to a one-month low of 4 cents/barrel on Tuesday after offers from Chinaoil in the Platts Market on Close assessment process failed to elicit buying interest. ...
The CFR China phthalic anhydride market has plunged to a three-year low amid weakness in China's real estate market, dragging South East Asian PA prices down with it, market sources said this week. PA is used to make dyes and is also a ...
Tags: Phthalic Anhydride, real estate, DOP
March rolled in like a lamb and out like a lion for ULSD exports from the US Gulf Coast, which have seen an uptick within the past week, market sources said Monday. Higher prices in Europe and a refining issue in South America have ...
Tags: ULSD Exports, ULSD barrels
US polypropylene contracts could see a stable-to-down settlement for April, then rebound as early as May, market sources said Monday. A nomination for polymer-grade propylene contracts calling for a rollover of March pricing was giving PP ...
Tags: polypropylene, polymer-grade propylene, PGP