The price spread between Asian styrene monomer and petrochemical feedstock naphtha hit an eight-year high of $819.90/mt Wednesday on short covering amid low spot inventory in China, Platts data showed. SM prices jumped $10.50/mt day on ...
Tags: Chemicals, petrochemical, styrene monomer
Jet fuel differentials firmed to end a week that saw production and demand exactly matched in the US, just not in the Chicago market, with its world-high outright prices. Platts assessed Chicago unchanged at NYMEX June heating oil futures ...
Tags: Metallurgy, Mineral, Energy, Chemicals
A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices. The oil ...
Tags: Chemicals, Metallurgy, Mineral, Energy
According to a report by Latin American steel association Alacero, crude steel production in Latin America totaled 5.7 million metric tons during April this year, stable compared to the same month last year. In the first four months of the ...
Tags: raw mat, longs, flats, South America, production, consumption, steelmaking
Reportedly, Bulgarian Stomana Industry of Greece Sidenor Group, announced to sign an agreement with Japanese special steel maker Daido Steel in order to develop its special bar quality (SBQ) existing business. However, the company planned ...
Tags: Stomana, Daido Steel, SBQ
The China Iron and Steel Association (CISA) has stated that in mid-May (May 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.7405 million mt, down 0.4 percent ...
Tags: Crude Steel, China
In April this year, French crude steel production amounted to 1.245 million mt, down by 12.2 percent year on year, according to the latest data released by the French Steel Federation (FFA). In April, crude steel production in France ...
Tags: Crude Steel, France, Metallurgy
Gasoline prices in Western Canada and the US Midwest have jumped due to supply issues surrounding the turnaround of Suncor's 135,000 b/d Edmonton, Alberta, refinery, industry sources said Thursday. "Suncor's move to secure gasoline and ...
Tags: Retail Gasoline, Chemicals
Continuing speculation about the future of the US Federal Reserve's asset-purchasing program in the wake of congressional testimony by Chairman Ben Bernanke sent the dollar sharply higher Wednesday, and augmented downward pressure on the ...
Tags: NYMEX Crude, Chemicals
Researchers at Texas Tech University, Lubbock, Texas, have found that unprocessed low-micronaire cotton surpasses other, higher grades of cotton in its ability to absorb oil, making it the most effective cotton-based solution for cleaning ...
The Northwest European Urals differential has moved to a premium to the lighter Forties crude grade for the first time in nine months, as supplies of the Russian sour crude tighten and demand for the North Sea grade slackens, market sources ...
The rapid pace of new US crude production has traders scrambling to assess constantly moving crude differentials as supporting infrastructure grows and changes the dynamics. Not long ago, there was too much crude in Cushing, Oklahoma, the ...
Tags: US Debottlenecking, Chemicals
In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...
Tags: Yukos Demise, Giant Oil Producer
Russkaya Stal (Russian Steel), a non-pro t association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.48 million metric tons of finished steel in April this year, down 4.4 percent from March and ...
Tags: Steel Output, Mineral
Brazilian President Dilma Rousseff Wednesday issued a decree to expropriate land in Rio de Janeiro state for pipelines to be built for Petrobras' Comperj refinery and petrochemicals project near Rio de Janeiro, which is currently under ...
Tags: Petrobras Comperj, Chemicals