Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
The premium of gold over platinum has moved to its largest on record, at around $240/oz, as platinum becomes increasingly detached from gold and some investors look to take advantage, sources said Tuesday. Platinum was trading around ...
Although the preference for Australian over US coal continues, US high vol B is still holding its own in the market. Some buyers are now looking to the next benchmark with expectations of a fall from the current $89/mt FOB Australia. One ...
Tags: coal, high vol B coal
Margins for non-integrated styrene monomer producers in Asia shrank to their narrowest in 11 months Monday due to firm feedstock ethylene and tumbling SM market amid weak demand season in the fourth quarter. The margin was calculated at ...
Tags: styrene, benzene, polystyrene
Three VLCC fixtures to lift Forties crude from Hound Point, Scotland, in recent days could hit Aframax freight rates in the North Sea in coming weeks, shipbrokers said Friday. The Al Kout, the Front Page, and the Voyager I were all ...
Tags: Tankers, VLCC Fixtures, crude, Aframaxes
Supramax shipowners are bracing for a tough finale to a disappointing year as limping grain and petcoke trade in the Atlantic fails to support the monstrous weight of available tonnage. That has been keeping freight rates low, while hopes ...
Tags: Supramax shipowners, grain, petcoke
Norwegian dry bulk carrier Golden Ocean said Tuesday it expected the market to remain difficult for the next 6-12 months, not least because of slowing Chinese economic growth, as it posted a bigger third-quarter loss year on year. "Well ...
Tags: Tankers, Golden Ocean, Dry Bulk Market
US Central Appalachian coal producers and brokers are still hoping some kind of thermal spot market will develop with winter approaching, but many in the industry said this week they aren't holding out much hope. Market players continued ...
Tags: CAPP coal, MISO coal, fossil fuel
UK day-ahead power prices fell sharply Tuesday, extending Monday's losses as steady demand amid mild weather conditions and stable wind power forecasts weakened the prompt market. Baseload power for Wednesday delivery was last heard ...
Tags: power prices, fuel, Didcot B gas
Thailand's state-owned buyer PTT has deferred the delivery of a tendered LNG cargo until early December because of low downstream consumption, an informed source said Tuesday. PTT bought two cargoes above $6.50/MMBtu from two separate ...
Ukraine will not import Russian natural gas through the end of the year due to weaker domestic demand and sufficient gas reserves, Energy and Coal Industry Minister Volodymyr Demchyshyn said Monday. Ukraine, which resumed Russian gas ...
Tags: Ukraine, Natural Gas, high gas prices
The sluggish growth of the mono-Si market this year is notable given the fact that many cell manufacturers had switched from multi-Si to mono-Si production in the second half of 2014. Statistical research conducted by EnergyTrend for the ...
Tags: Mono-Si Market, mono-Si cell
Fossil fuel companies risk wasting up to $2.2 trillion in the next decade by pursuing projects that could be uneconomic in the face of international action to limit climate change, UK-based financial think-tank Carbon Tracker Initiative ...
Tags: Fossil Fuel, natural gas, oil shale, oil sands
Urals differentials versus the Dated Brent market jumped in both the Mediterranean and Northwest Europe in European trading Tuesday after the full provisional December loading program for the Black Sea port of Novorossiisk proved to be the ...
Tags: Urals cargoes
The Platts JKM for January was down 10 cents over the course of the week to $7.475/MMBtu on Friday, after rolling to become the new front month on Monday, November 16. Buying sentiment for the month continued to soften, with limited ...
Tags: Curtis LNG