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The US Methanol Spot Assessment Reached Its Lowest Level in More Than 14 Months

May 8, 2014

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

Metro Markets Have Seen Year-Over-Year Economic Gains, According to The First American LMI

May 7, 2014

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

Affirmative Preliminary Determinations in The AD Investigations of GOES

May 7, 2014

On May 5, the US Department of Commerce (DOC) announced its affirmative preliminary determinations in the antidumping duty (AD) investigations of grain-oriented electrical steel (GOES) from the People’s Republic of China (China), the ...

Tags: Electrical Steel, DOC, Iron, Steel

US Domestic Raw Steel Production Was 1,815,000 Net Tons

May 7, 2014

According to the American Iron and Steel Institute, in the week ending May 3, 2014, US domestic raw steel production was 1,815,000 net tons while the capability utilization rate was 75.5 percent. Production was 1,835,000 net tons in the ...

Tags: Raw Steel, raw steel production

Urgent Action Is Still Required to Further Reduce Unemployment and Address Other Legacies

May 7, 2014

The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the crisis, according to the OECD's latest Economic Outlook. According to the ...

Tags: global economy, unemployment

The Estimated Production Margin for a Typical US Midwest Dry-Mill Ethanol Plant Declined

May 7, 2014

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 US Will Set up Its First Gasoline Reserve, Creating 1m Barrels of Storage in Northeast

May 7, 2014

The US will set up its first strategic gasoline reserve, creating 1 million barrels of storage in the Northeast to protect against storms like Hurricane Sandy, which wreaked havoc on fuel supplies in the region, officials said Friday. But ...

Tags: Gasoline, gasoline reserve

Latin America Received 11 Percent of Global Exports of Finished Steel From China

May 6, 2014

Alacero, the Latin American steel association, has reported that in the first quarter of this year finished steel imports from China to Latin America rose by 95 percent year on year to an all-time quarterly record of 1.9 million m metric ...

Tags: Finished Steel, Steel Imports

Rates and Sentiment on The Iron Ore Freight Market Got a Boost

May 6, 2014

Rates and sentiment on the iron ore freight market got a boost Friday after Bocimar International NV was heard taking at least six ships in the Atlantic over the May Day holiday in Asia, putting an end to the downward spiral in Capesize ...

Tags: Iron Ore, freight market

The Volume of US Natural Gas Traded During Bidweek Is Poised for Its Fourth Decline

May 6, 2014

The volume of US natural gas traded during bidweek is poised for its fourth straight year-on-year decline as banks and other large players pull back from the monthly baseload market, according to a Platts examination of ...

Tags: Natural Gas, physical deals

US Ethylene Contracts for March and April Were Nearing Settlements

May 6, 2014

US ethylene contracts for March and April were nearing settlements that would combine for a 2.75-3 cents/lb ($61-$66/mt) decrease, sources said Friday. Sources with two buyers said the net transaction price for March was beginning to ...

Tags: ethylene, spot ethylene

The Price of Platinum Is Forecast to Average $1,457/Oz in 2014, Down 2%

May 5, 2014

The price of platinum is forecast to average $1,457/oz in 2014, 2% down from the 2013 average of $1,487/oz, as strike action has failed to give the metal any meaningful lift so far, metals consultancy GFMS said Friday in a report. "The ...

Tags: Platinum Price, platinum

Pacific Ethanol This Year Will Continue to Increasing Its Focus on Diversifying Feedstock

May 5, 2014

Pacific Ethanol this year will continue to increasing its focus on diversifying feedstock, among its other initiatives, CEO Neil Koehler said Thursday. "Growing initiatives on advanced biofuels, corn oil, expansion of market, which can ...

Tags: Ethanol, biofuels, corn oil

Chicago Board of Trade May Soybean Oil Futures Were Down 46 Points to 41.42 Cents/Lb

May 5, 2014

Chicago Board of Trade May soybean oil futures were down 46 points to 41.42 cents/lb Thursday as weekly data from the US Department of Agriculture showed a significant decline in net export sales. For the reporting week ended April 24, ...

Tags: Soybean Oil, Soybean Oil Futures, net export

The Data Showed US Biodiesel Production Fell to 70 Million Gallons in January, Down 48%

May 5, 2014

US biodiesel production fell to 70 million gallons in January, down 48% from December, Energy Information Administration data showed Wednesday. Production was up 6.1% compared with January 2013. Of the 530 million lb of feedstock used ...

Tags: Biodiesel Production, Biodiesel

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