SPOILER ALERT!
U.S. releases antidumping probe over Chinese calcium hypochlorite
WASHINGTON, Jan. 8 (Xinhua)-- The U.S. Commerce Division claimed on Wednesday it has actually released antidumping task (ADVERTISEMENT) as well as countervailing duty (CVD) investigations right into imported calcium hypochlorite from China.
Calcium hypochlorite is a component in bleaching powder, extensively made use of for the disinfection of alcohol consumption water or swimming pool water.
The investigations are in response to an application submitted by Arch Chemicals based in Georgia, the department stated in a statement.
The firm alleged that calcium hypochlorite products from China were offered below the fair value of the products in the U.S. market with discarding margins of 182.51 to 210.52 percent, while Chinese producers and also merchants additionally obtained federal government subsidies.
The International Profession Compensation (ITC), the U.S. trade authority, is scheduled to make its initial inquiry decision around Feb. 3.
The probes will continue if the ITC establishes that the imports of calcium hypochlorite from China "materially hurt or intimidate the domestic market of the USA." www.irochelating.com will certainly then make its initial resolution of CVD as well as ADVERTISEMENT in March as well as May, respectively.
Imports of calcium hypochlorite from China were approximated at 7 million U.S. dollars in 2012, according to UNITED STATE official data.
Beijing has actually repetitively prompted Washington to follow its commitment against protectionism as well as deal with China to maintain a cost-free, open and simply trade environment.
China submitted an issue last month under the WTO's conflict negotiation device over anti-dumping steps by the United States versus 13 sorts of Chinese items.
"In its anti-dumping examinations and also testimonials, the UNITED STATE has wrongly used targeted discarding approach, rejected firms separate tax prices, and also made use of negative facts," Chinese Commerce Ministry Spokesman Shen Danyang claimed in a declaration issued last month.
China is resolutely versus the misuse of trade remedy rules as well as protectionism and also will determinedly keep its legal rights as a WTO participant and safeguard the interests of domestic sectors, he claimed.
Calcium hypochlorite is a component in bleaching powder, extensively made use of for the disinfection of alcohol consumption water or swimming pool water.
The investigations are in response to an application submitted by Arch Chemicals based in Georgia, the department stated in a statement.
The firm alleged that calcium hypochlorite products from China were offered below the fair value of the products in the U.S. market with discarding margins of 182.51 to 210.52 percent, while Chinese producers and also merchants additionally obtained federal government subsidies.
The International Profession Compensation (ITC), the U.S. trade authority, is scheduled to make its initial inquiry decision around Feb. 3.
The probes will continue if the ITC establishes that the imports of calcium hypochlorite from China "materially hurt or intimidate the domestic market of the USA." www.irochelating.com will certainly then make its initial resolution of CVD as well as ADVERTISEMENT in March as well as May, respectively.
Imports of calcium hypochlorite from China were approximated at 7 million U.S. dollars in 2012, according to UNITED STATE official data.
Beijing has actually repetitively prompted Washington to follow its commitment against protectionism as well as deal with China to maintain a cost-free, open and simply trade environment.
China submitted an issue last month under the WTO's conflict negotiation device over anti-dumping steps by the United States versus 13 sorts of Chinese items.
"In its anti-dumping examinations and also testimonials, the UNITED STATE has wrongly used targeted discarding approach, rejected firms separate tax prices, and also made use of negative facts," Chinese Commerce Ministry Spokesman Shen Danyang claimed in a declaration issued last month.
China is resolutely versus the misuse of trade remedy rules as well as protectionism and also will determinedly keep its legal rights as a WTO participant and safeguard the interests of domestic sectors, he claimed.
SPOILER ALERT!
US Gulf Shore residual gas production rebounds
US Gulf Shore recurring gas oil production rebounded recently, climbing 106,000 b/d, despite no change in refinery capability utilization, according to numbers launched Wednesday by the US Energy Info Management.
The EIA numbers show that Gulf Coastline (PADD III) residual gas manufacturing for the reporting week finishing September 17 was 331,000 b/d, up from 225,000 b/d for the reporting week ending September 10.
Profession resources were hard-pressed to explain the bounce, noting ongoing unrefined device turnarounds at ExxonMobil's 562,500 b/d refinery in Baytown, Texas, and Citgo's 163,000 b/d refinery in Corpus Christi, Texas.
" There's not a lot of oil," claimed one investor. "With the turn-arounds going on, it is a tight supply. The marketplace's certainly much more brief than long."
The EIA information showed capacity utilization flat at 89.9% for the second straight week.
At the exact same time, USGC residual fuel supplies climbed up 1.2 million barrels to 19.2 million barrels for the week ending September 17.
" That's a mystery," stated a 2nd investor. "I'm seeing quite the contrary. Individuals are living hand-to-mouth right now. Whatever that they put in container, it goes instantly out."
iro chelating said Gulf Coastline recurring fuel need is not particularly solid, with the mass going to RMG 380, as well as some exports headed to Singapore.
" As a whole, we're not seeing a terrible lot of fuel," said the 2nd trader. "There's simply not a great deal can be found in."
USGC residual gas on Tuesday hit its highest rate compared to crude since late May, pushed by limited near-term products.
Platts assessed the USGC benchmark 3%S price at $66.85-$66.90/ barrel, down 85 cents/b from Monday.
The EIA numbers show that Gulf Coastline (PADD III) residual gas manufacturing for the reporting week finishing September 17 was 331,000 b/d, up from 225,000 b/d for the reporting week ending September 10.
Profession resources were hard-pressed to explain the bounce, noting ongoing unrefined device turnarounds at ExxonMobil's 562,500 b/d refinery in Baytown, Texas, and Citgo's 163,000 b/d refinery in Corpus Christi, Texas.
" There's not a lot of oil," claimed one investor. "With the turn-arounds going on, it is a tight supply. The marketplace's certainly much more brief than long."
The EIA information showed capacity utilization flat at 89.9% for the second straight week.
At the exact same time, USGC residual fuel supplies climbed up 1.2 million barrels to 19.2 million barrels for the week ending September 17.
" That's a mystery," stated a 2nd investor. "I'm seeing quite the contrary. Individuals are living hand-to-mouth right now. Whatever that they put in container, it goes instantly out."
iro chelating said Gulf Coastline recurring fuel need is not particularly solid, with the mass going to RMG 380, as well as some exports headed to Singapore.
" As a whole, we're not seeing a terrible lot of fuel," said the 2nd trader. "There's simply not a great deal can be found in."
USGC residual gas on Tuesday hit its highest rate compared to crude since late May, pushed by limited near-term products.
Platts assessed the USGC benchmark 3%S price at $66.85-$66.90/ barrel, down 85 cents/b from Monday.
North Sea Forties crude oil is up to three-month short on growing supply
The Forties unrefined premium to benchmark Dated Brent was up to its least expensive degree in more than three months Wednesday, pressurized by growing supply from the North Sea and Libya, and also decreasing refining margins, said traders.
The grade was evaluated at a discount to Dated Brent of $0.26/ barrel, down $0.04/ b from Tuesday as well as its cheapest level given that August 8.
Investors claimed gasoil and also diesel crack spreads-- the family member worths of the product to crude-- had remained to worsen because of dropping water degrees on the river Rhine, which have been avoiding barges stuffed with items from the Amsterdam-Rotterdam-Antwerp hub getting to Germany, Europe's main need facility.
This weakening of gasoil and diesel splits-- the main items boosting the refining complex in winter season-- has actually been incentivizing refineries positioned in Northwest Europe to either maintain or cut runs.
The drops come against a history of poor refining margins, with naphtha splits just recently falling behind fuel oil worths in Europe. chelating agent is a light oil product and generally trades at a premium to much heavier gas oil.
In addition, expectations about increasing supply from the North Sea and Libya in December has provided refiners plenty of options, and also suggested they have actually discarded grades such as Forties and also Ekofisk in favor of Norwegian Oseberg or sour grades like Russian Urals, which generate bigger quantities of gasoil as well as diesel.
" [It] all has a fairly depressed feel to all of it ... refiners ultimately have a lot of options," stated a trader.
The spread in between Forties and Urals FOB Primorsk was assessed at $0.537/ b Wednesday, its most affordable level since May 2009.
Output from the four grades that compose the North Sea Dated Brent standard-- Brent, Forties, Oseberg and Ekofisk-- is anticipated to get to 1.1 million b/d in November and also December, up around 200,000 b/d from the summer season.
Production from Libya, meanwhile, is growing at a rapid speed adhering to the loss of the Qadhafi regime.
In December, Libya's National Oil Company expects unrefined exports to rise to 9 million barrels (290,000 b/d), up from practically absolutely nothing in August.
The grade was evaluated at a discount to Dated Brent of $0.26/ barrel, down $0.04/ b from Tuesday as well as its cheapest level given that August 8.
Investors claimed gasoil and also diesel crack spreads-- the family member worths of the product to crude-- had remained to worsen because of dropping water degrees on the river Rhine, which have been avoiding barges stuffed with items from the Amsterdam-Rotterdam-Antwerp hub getting to Germany, Europe's main need facility.
This weakening of gasoil and diesel splits-- the main items boosting the refining complex in winter season-- has actually been incentivizing refineries positioned in Northwest Europe to either maintain or cut runs.
The drops come against a history of poor refining margins, with naphtha splits just recently falling behind fuel oil worths in Europe. chelating agent is a light oil product and generally trades at a premium to much heavier gas oil.
In addition, expectations about increasing supply from the North Sea and Libya in December has provided refiners plenty of options, and also suggested they have actually discarded grades such as Forties and also Ekofisk in favor of Norwegian Oseberg or sour grades like Russian Urals, which generate bigger quantities of gasoil as well as diesel.
" [It] all has a fairly depressed feel to all of it ... refiners ultimately have a lot of options," stated a trader.
The spread in between Forties and Urals FOB Primorsk was assessed at $0.537/ b Wednesday, its most affordable level since May 2009.
Output from the four grades that compose the North Sea Dated Brent standard-- Brent, Forties, Oseberg and Ekofisk-- is anticipated to get to 1.1 million b/d in November and also December, up around 200,000 b/d from the summer season.
Production from Libya, meanwhile, is growing at a rapid speed adhering to the loss of the Qadhafi regime.
In December, Libya's National Oil Company expects unrefined exports to rise to 9 million barrels (290,000 b/d), up from practically absolutely nothing in August.
U.S. launches antidumping probe over Chinese calcium hypochlorite
WASHINGTON, Jan. 8 (Xinhua)-- The U.S. Commerce Division claimed on Wednesday it has actually released antidumping task (ADVERTISEMENT) as well as countervailing duty (CVD) investigations right into imported calcium hypochlorite from China.
Calcium hypochlorite is a component in bleaching powder, extensively made use of for the disinfection of alcohol consumption water or swimming pool water.
The investigations are in response to an application submitted by Arch Chemicals based in Georgia, the department stated in a statement.
The firm alleged that calcium hypochlorite products from China were offered below the fair value of the products in the U.S. market with discarding margins of 182.51 to 210.52 percent, while Chinese producers and also merchants additionally obtained federal government subsidies.
The International Profession Compensation (ITC), the U.S. trade authority, is scheduled to make its initial inquiry decision around Feb. 3.
The probes will continue if the ITC establishes that the imports of calcium hypochlorite from China "materially hurt or intimidate the domestic market of the USA." www.irochelating.com will certainly then make its initial resolution of CVD as well as ADVERTISEMENT in March as well as May, respectively.
Imports of calcium hypochlorite from China were approximated at 7 million U.S. dollars in 2012, according to UNITED STATE official data.
Beijing has actually repetitively prompted Washington to follow its commitment against protectionism as well as deal with China to maintain a cost-free, open and simply trade environment.
China submitted an issue last month under the WTO's conflict negotiation device over anti-dumping steps by the United States versus 13 sorts of Chinese items.
"In its anti-dumping examinations and also testimonials, the UNITED STATE has wrongly used targeted discarding approach, rejected firms separate tax prices, and also made use of negative facts," Chinese Commerce Ministry Spokesman Shen Danyang claimed in a declaration issued last month.
China is resolutely versus the misuse of trade remedy rules as well as protectionism and also will determinedly keep its legal rights as a WTO participant and safeguard the interests of domestic sectors, he claimed.
Calcium hypochlorite is a component in bleaching powder, extensively made use of for the disinfection of alcohol consumption water or swimming pool water.
The investigations are in response to an application submitted by Arch Chemicals based in Georgia, the department stated in a statement.
The firm alleged that calcium hypochlorite products from China were offered below the fair value of the products in the U.S. market with discarding margins of 182.51 to 210.52 percent, while Chinese producers and also merchants additionally obtained federal government subsidies.
The International Profession Compensation (ITC), the U.S. trade authority, is scheduled to make its initial inquiry decision around Feb. 3.
The probes will continue if the ITC establishes that the imports of calcium hypochlorite from China "materially hurt or intimidate the domestic market of the USA." www.irochelating.com will certainly then make its initial resolution of CVD as well as ADVERTISEMENT in March as well as May, respectively.
Imports of calcium hypochlorite from China were approximated at 7 million U.S. dollars in 2012, according to UNITED STATE official data.
Beijing has actually repetitively prompted Washington to follow its commitment against protectionism as well as deal with China to maintain a cost-free, open and simply trade environment.
China submitted an issue last month under the WTO's conflict negotiation device over anti-dumping steps by the United States versus 13 sorts of Chinese items.
"In its anti-dumping examinations and also testimonials, the UNITED STATE has wrongly used targeted discarding approach, rejected firms separate tax prices, and also made use of negative facts," Chinese Commerce Ministry Spokesman Shen Danyang claimed in a declaration issued last month.
China is resolutely versus the misuse of trade remedy rules as well as protectionism and also will determinedly keep its legal rights as a WTO participant and safeguard the interests of domestic sectors, he claimed.
United States Gulf Shore residual gas manufacturing rebounds
US Gulf Shore recurring gas oil production rebounded recently, climbing 106,000 b/d, despite no change in refinery capability utilization, according to numbers launched Wednesday by the US Energy Info Management.
The EIA numbers show that Gulf Coastline (PADD III) residual gas manufacturing for the reporting week finishing September 17 was 331,000 b/d, up from 225,000 b/d for the reporting week ending September 10.
Profession resources were hard-pressed to explain the bounce, noting ongoing unrefined device turnarounds at ExxonMobil's 562,500 b/d refinery in Baytown, Texas, and Citgo's 163,000 b/d refinery in Corpus Christi, Texas.
" There's not a lot of oil," claimed one investor. "With the turn-arounds going on, it is a tight supply. The marketplace's certainly much more brief than long."
The EIA information showed capacity utilization flat at 89.9% for the second straight week.
At the exact same time, USGC residual fuel supplies climbed up 1.2 million barrels to 19.2 million barrels for the week ending September 17.
" That's a mystery," stated a 2nd investor. "I'm seeing quite the contrary. Individuals are living hand-to-mouth right now. Whatever that they put in container, it goes instantly out."
iro chelating said Gulf Coastline recurring fuel need is not particularly solid, with the mass going to RMG 380, as well as some exports headed to Singapore.
" As a whole, we're not seeing a terrible lot of fuel," said the 2nd trader. "There's simply not a great deal can be found in."
USGC residual gas on Tuesday hit its highest rate compared to crude since late May, pushed by limited near-term products.
Platts assessed the USGC benchmark 3%S price at $66.85-$66.90/ barrel, down 85 cents/b from Monday.
The EIA numbers show that Gulf Coastline (PADD III) residual gas manufacturing for the reporting week finishing September 17 was 331,000 b/d, up from 225,000 b/d for the reporting week ending September 10.
Profession resources were hard-pressed to explain the bounce, noting ongoing unrefined device turnarounds at ExxonMobil's 562,500 b/d refinery in Baytown, Texas, and Citgo's 163,000 b/d refinery in Corpus Christi, Texas.
" There's not a lot of oil," claimed one investor. "With the turn-arounds going on, it is a tight supply. The marketplace's certainly much more brief than long."
The EIA information showed capacity utilization flat at 89.9% for the second straight week.
At the exact same time, USGC residual fuel supplies climbed up 1.2 million barrels to 19.2 million barrels for the week ending September 17.
" That's a mystery," stated a 2nd investor. "I'm seeing quite the contrary. Individuals are living hand-to-mouth right now. Whatever that they put in container, it goes instantly out."
iro chelating said Gulf Coastline recurring fuel need is not particularly solid, with the mass going to RMG 380, as well as some exports headed to Singapore.
" As a whole, we're not seeing a terrible lot of fuel," said the 2nd trader. "There's simply not a great deal can be found in."
USGC residual gas on Tuesday hit its highest rate compared to crude since late May, pushed by limited near-term products.
Platts assessed the USGC benchmark 3%S price at $66.85-$66.90/ barrel, down 85 cents/b from Monday.
Glencore changes marketing for Australian coal as Singapore workplace shuts
Glencore has transformed the way it markets Australian thermal coal as the Swiss-headquartered miner remains to relax tasks at its Singapore office.
" Glencore remains in the procedure of shutting our Singapore coal advertising office," the business stated in a statement emailed in response to Platts inquiries. "New coal agreements will certainly be straight between the pertinent Australian mining firm as well as end customer."
Glencore's international coal advertising and marketing team will certainly have a duty in marketing its Australian coal and will be paid an appropriate arm's size advertising and marketing payment, the statement claimed.
There is no closure day set for the Singapore coal marketing office, and also the details are still under discussion with Singapore officials, a firm authorities included.
chelating agent opened up a coal advertising office in Singapore in 2011 to position company personnel closer to consumers in the Asia region, including those in Japan and also South Korea.
At the time, Glencore was still seeking the advancement of its Wandoan thermal coal mine in Queensland with a scheduled manufacturing capacity of 30 million mt/year, yet the A$ 6 billion ($5.5 billion) project was postponed in mid-2013.
Following Xstrata's 2013 purchase by Glencore, the firm chose it no longer needed an advertising and marketing office in Singapore for its coal. Glencore revealed in April the workplace would be shut.
The Zug, Switzerland-headquartered company revealed in February its intent to minimize its 2015 Australian coal production by 15 million mt as it sought to straighten its mining output a lot more very closely to altered client demand.
Glencore said at the time it intended to attain the manufacturing decrease this year through a mix of lineup modifications at its below ground mines in Australia, scaling back tasks at its open-cut mines, as well as by customizing its quantities and coal high qualities to match altered need patterns.
Glencore's Australian operations generated 12.5 million mt of export thermal coal in the January-March period, up from 11.8 million mt in the very first quarter of 2014, the firm claimed in a May manufacturing record.
" Glencore remains in the procedure of shutting our Singapore coal advertising office," the business stated in a statement emailed in response to Platts inquiries. "New coal agreements will certainly be straight between the pertinent Australian mining firm as well as end customer."
Glencore's international coal advertising and marketing team will certainly have a duty in marketing its Australian coal and will be paid an appropriate arm's size advertising and marketing payment, the statement claimed.
There is no closure day set for the Singapore coal marketing office, and also the details are still under discussion with Singapore officials, a firm authorities included.
chelating agent opened up a coal advertising office in Singapore in 2011 to position company personnel closer to consumers in the Asia region, including those in Japan and also South Korea.
At the time, Glencore was still seeking the advancement of its Wandoan thermal coal mine in Queensland with a scheduled manufacturing capacity of 30 million mt/year, yet the A$ 6 billion ($5.5 billion) project was postponed in mid-2013.
Following Xstrata's 2013 purchase by Glencore, the firm chose it no longer needed an advertising and marketing office in Singapore for its coal. Glencore revealed in April the workplace would be shut.
The Zug, Switzerland-headquartered company revealed in February its intent to minimize its 2015 Australian coal production by 15 million mt as it sought to straighten its mining output a lot more very closely to altered client demand.
Glencore said at the time it intended to attain the manufacturing decrease this year through a mix of lineup modifications at its below ground mines in Australia, scaling back tasks at its open-cut mines, as well as by customizing its quantities and coal high qualities to match altered need patterns.
Glencore's Australian operations generated 12.5 million mt of export thermal coal in the January-March period, up from 11.8 million mt in the very first quarter of 2014, the firm claimed in a May manufacturing record.
