The Northwest European styrene monomer/benzene spread has almost tripled in a month, widening $177.50/mt to $276.50/mt Wednesday, Platts data showed. The spread was $99/mt on December 17. While styrene spot values have declined ...
Tags: Northwest Europe, styrene monomer, benzene
The March contract traded to an 8-month intraday high of 78.18 cents, although it settled shy of the 77.98 cents closing high of August 31. Also, while March was able to briefly break above its 8-month sideways range, May, July and December ...
US Atlantic Coast ULSD stocks shot up 2.506 million barrels over the past week, the second-highest rise since record-keeping began in 2004, according to Energy Information Administration data Wednesday. USAC ULSD stocks stood at 25.568 ...
Tags: stocks, ULSD stocks, stock builds
European ethylene has firmed over the last week on a pick-up in demand from buyers, according to sources Monday. "Our crackers and polyolefin plants have ramped up rates as demand has improved. We are operating at plus 80% on our plants," ...
Styrene monomer traders Thursday said they remained bullish about the outlook for SM in the first quarter of 2013 and expect prices to stay firm even after hitting new record highs on almost a daily basis in December and to date in January. ...
Tags: Styrene monomer traders, outlook for SM, collapse, Chemicals
An arbitrage to move cargoes of methyl tertiary butyl ether [MTBE] from Asia to Europe has opened following a sharp increase in European MTBE prices on the back of growing demand, trading sources said Friday. European MTBE prices hit ...
Tags: methyl tertiary butyl ether, MTBE price, Asia, European market
Chinese thermal coal imports stormed to a record monthly high of 14.45 million mt in November, a rise of 30% compared with October's mark, boosted by higher Indonesian shipments, according to China customs data released Friday. ...
Tags: thermal coal, imports, China customs data, Indonesian shipments
Johnson Controls is planning to invest in 10 auto seating plants, in the next five years, as a long-term business plan in China in the next five years. The company plans to increase its contribution in of the seating parts business in ...
IntercontinentalExchange's planned acquisition of NYSE Euronext, announced Thursday, will expand opportunities for trading between energy and equity products as well as give control of successful agricultural products to the Atlanta-based ...
Tags: IntercontinentalExchange, energy, equity products, agricultural products
Limited jet availability in the US Gulf Coast market sent differentials up nearly 4 cents Thursday on both the Gulf and Atlantic coasts. Platts assessed Gulf Coast jet fuel at the NYMEX January heating oil futures contract minus 1.50 ...
Consensus views on a U.S.manufacturing resurgence have largely centered on rising labor costs in markets such as China as the key driver of re-shoring back to the U.S.However,a new PwC US report,A Homecoming for U.S.Manufacturing?,reveals ...
Tags: labor costs, U.S.manufacturing, transportation and energy
IT staff are spending 30% of their time carrying out basic tasks and are growing frustrated with the lack of time left to focus on transformational work. The average IT worker is also only using half of the skills they possess as a result ...
Tags: IT staff, transformational work, straightforward task, IT industry
There's little doubt that multi-sourcing enterprise IT services. The average U.S. IT shop is working with 13.5 service providers overall, according to Gartner. But managing multiple providers remains a challenge for most IT organizations. ...
Tags: IT services, IT shop, service providers, IT organizations
Kolkata-headquartered, container glass-maker, Hindusthan National Glass and Industries Ltd (HNG), expects its margins to be subdued for the next four-to-six quarters. For the latest quarter ended June 30, HNG's operating margin — ...
Tags: Kolkata, HNG, container glass-maker, glass
Bloomberg reported that the cost of iron ore shipped to China exceeded the average price of locally mined supplies for the first time in 5 months, ending a price arbitrage that helped push November imports to the second biggest on record. ...
Tags: iron ore, steel making, steel, coal