- Location
Industry Views
"-
Asia Alumina: Drifts Sideways at $200/Mt FOB Australia
Dec 18, 2015The price of Australian alumina continued to drift sideways Thursday, leaving Platts daily assessment unchanged at $200/mt FOB, despite a slight slippage of Yuan 15/mt ($2.30) in Chinese domestic prices in Shanxi province. The Australian ...
Tags: alumina, Australian alumina
-
Goldman Sachs Lowers 2017 Iron Ore Price Forecast $5/Dmt to $35/Dmt CFR China
Dec 18, 2015Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...
Tags: iron ore price, steel
-
European Commission Approves Trading Group Trafigura's Stake in Zinc Producer Nyrstar
Dec 18, 2015The European Commission has cleared commodities trading group Trafigura's minority holding in Belgium-based zinc and lead producer Nyrstar. In November, Trafigura told the EC its minority 20.02% stake in Nyrstar -- held through its ...
Tags: Nyrstar, Zinc, lead metal
-
Dow-DuPont Merger Will Impact Low-Density Polyethylene Market: Consultant
Dec 18, 2015The announced merger between petrochemical giants Dow Chemical and DuPont will have a significant impact on the low-density polyethylene market and could be just the beginning of large-scale consolidations, an industry consultant said ...
Tags: Dow Chemical, DuPont, polyethylene, LDPE
-
Brazil's Braskem Increases Naphtha Imports with Talks Ongoing with Petrobras
Dec 18, 2015Brazil's Braskem has been buying bigger volumes of naphtha from Europe in recent days due to low stocks in Brazil as the petrochemicals producer continues to negotiate with Brazilian state-led oil company Petrobras over the terms of a ...
-
Shell Chemical Eyes Expanding Its Olefins Unit in Deer Park, Texas
Dec 18, 2015Shell Chemical is exploring a project to expand its olefins plant in Deer Park, Texas, and increase its ethylene production, the company said Wednesday. "Shell is evaluating a proposed expansion of ethylene production at the existing ...
-
Purified Terephthalic Acid Producer Artlant Looking for Buyer, Investment Partner: Source
Dec 18, 2015Artlant, Europe's largest purified terephthalic acid producer, is in the process of searching for an investment partner or buyer for the business, a source close to the company said Thursday. As a result, any plans to start up production ...
Tags: Artlant, Terephthalic Acid, PTA
-
US VAM Price to Rise Through Q1 Amid Tightening Supply: Sources
Dec 18, 2015The US vinyl acetate monomer market is seeing a tightening of supply that will likely push pricing higher through the first quarter of 2016 despite falling feedstock prices and a weaker energy sector, sources said. US VAM increased $20/mt ...
-
New Orleans Bunker Fuel Remains Scarce; Resupply Expected Next Week: Trade
Dec 18, 2015New Orleans bunker fuel remained in short supply Thursday, which has caused high-sulfur product prices in that port to spike relative to the nearby and competing Houston market. New Orleans IFO 380 3.5%S was assessed at $205/mt ex-wharf ...
-
US Coal Carload Volumes Remain Flat, Lingering at Historic Lows
Dec 18, 2015Coal shipment volumes originated on US railroads were relatively flat week on week, Association of American Railroads data showed Wednesday. For the week that ended Saturday, the AAR said a total of 92,934 coal carloads traveled US ...
Tags: Coal, Coal carload volumes
-
Australia's Stanmore on Track to Restart Idled Isaac Plains Coal Mine in H1 2016
Dec 18, 2015Australia-listed Stanmore Coal has appointed mining contractor Golding to restart production at its Isaac Plains mine in the first half of 2016, the miner said in a statement to the Australian Securities Exchange Thursday. Stanmore ...
Tags: thermal coal, coal
-
MISO's Expected Cost to Comply with US CPP Varies Widely by Strategy
Dec 18, 2015The 20-year cost of the Midcontinent Independent System Operator's compliance with the US Clean Power Plan could be as little as $5.8 billion to as much as $104 billion in today's dollars, depending on which strategies are pursued, ...
Tags: Clean Power, natural gas
-
UK Renewables Energy Subsidy Plan to Reduce Spend by Gbp500-600 Mil
Dec 18, 2015Changes to the UK renewable energy subsidies, including programs such as Feed-in Tariff scheme and Renewable Obligation, will contribute a total reduction of GBP500 million-GBP600 million ($746 million-$895 million) from the Levy Control ...
Tags: Renewables Energy, fuel, climate change
-
US Fuel Oil Hi-Lo Below $1/B on Mild Northeast Temperatures
Dec 18, 2015The US fuel oil hi-lo, the spread between US Atlantic Coast 1%S fuel oil and US Gulf Coast 3%S fuel oil, fell below $1/b Thursday for the first time since October on an expected lack of demand for power generation. Platts assessed USAC ...
-
European Exchange Gas Traded Volume at Record High in November
Dec 18, 2015European exchange-traded gas volume rose to a record in November on the back of a steep increase in NBP and TTF activity, with total gas traded volume rising above 4,000 TWh for the first time in eight months, data compiled by Platts ...
Tags: gas
