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East China Toluene Stocks Rise 44% on Month in Oct
Apr 30, 2019Toluene stocks in East China rose 44.4% from September to 45,000 mt in October, according to S&P Global Platts data. The rise in inventory was the result of a backlog of cargo arrivals during the week-long National Day holiday in early ...
Tags: Toluene, toluene demand
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March Crude Throughput Rises 6% on Year
Apr 18, 2017China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...
Tags: crude refinery, Oil
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China's Solvent-Grade Mixed Xylene Demand Halts
Apr 16, 2017Demand for solvent-grade mixed xylene has come to a near standstill this week as the product shares the same code for imports as mixed aromatics, which is expected to have a consumption tax imposed some time between May 1 and July 1, market ...
Tags: mixed xylene, mixed aromatics
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China's Apparent Oil Demand up 5.3% in 2017
Apr 8, 2017China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance ...
Tags: oil demand, Oil products
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No Large-Scale Cuts From Chinese Coal Mines
Mar 9, 2017China's National Development and Reform Commission (NDRC) said Tuesday that it will not seek to lower coal output in large scale, even as it continues to rationalize supply. This is provided that prices remain in a reasonable boundary. ...
Tags: Coal Mines, Coal
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Butadiene-Naphtha Spread Hits 7-Year High
Jan 30, 2017The Asian butadiene-naphtha price spread hit a seven-year high of $2,557.38/mt CFR last Friday amid extremely tight supply globally and strong demand for downstream products such as styrene-butadiene-rubber, SB latex and ...
Tags: Butadiene Naphtha, styrene
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Chinese Nov Thermal Coal Imports Surged on Year
Dec 27, 2016China imported 11 million mt of thermal coal in November, rising 69.2% year on year and 50.5% on the month to the highest volume since December 2014, data released by the General Administration of Customs showed Friday. During the ...
Tags: Thermal Coal, Coal
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China to Eliminate Import Tax on Australian Coal
Dec 16, 2016Australian thermal coal cargoes arriving at China's ports on January 1, 2017, and thereafter will be clear of the Asian country's 2% import tax, currently equivalent to $1.50/mt, and levied on the delivered CFR South China price of ...
Tags: Thermal Coal, Coal
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Beijing Expected to End Oil Product Export Quotas
Dec 7, 2016China's independent refineries likely have to rely on state-owned trading companies to export oil products in 2017 as Beijing is likely to stop awarding them quotas to export directly, informed sources said Friday. "It [stopping awarding ...
Tags: Oil Product, Refiners
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China's Shagang Cuts Ferrous Scrap Buying Price
Nov 22, 2016Jiangsu Shagang Group, the largest ferrous scrap user in China, on Saturday cut its buying price of heavy melting scrap 6 millimeters and above thick of Yuan 30 to Yuan 1,770/mt, including 17% value-added tax, delivered to Zhangjiagang, ...
Tags: ferrous scrap, Steel
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Analysis: US Crude Exports Hit Record in September
Nov 8, 2016US crude exports rose 35,000 b/d to a record 692,000 b/d in September after Brent's premium to WTI widened, an analysis of Census Bureau data released Friday showed. Brent's premium over WTI widened from 34 cents/b in May to average ...
Tags: crude exports, crude
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Chinese Spot Alumina Prices Continued to Rise
Oct 4, 2016Chinese spot alumina prices continued to rise Thursday as market sentiment remained strong, with the general expectation that levels will test higher after the Golden Week holidays. China will be closed October 1-7 for National Day ...
Tags: alumina prices, refiners
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Chinese Domestic Ferrochrome Prices to Rise
Sep 14, 2016Major Chinese coal miners will be able to temporarily adjust their coal output in either direction between September and December after an agreement with the China Coal Trade and Development Association, industry sources said Friday. The ...
Tags: coal miners, Ferrochrome
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Chinese Ferrosilicon Offers Remained High
Sep 11, 2016While Chinese ferrosilicon offers remained high from rising Chinese semi-coke prices, offers heard have moved lower in Japan on thin trade, sources said. The Chinese 75% Si ferrosilicon price assessment was unchanged week on week at ...
Tags: ferrosilicon, semi-coke
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US Exported 662,000 B/D of Crude in May, Highest on Record: EIA
Jul 29, 2016US crude exports jumped to their highest level on record in May, coming in at 662,000 b/d, monthly data from the US Energy Information Administration showed Friday. Exports are up from 591,000 b/d in April and have been up steadily from ...
Tags: crude exports, US crude