SunSirs: Production Area Suffers from Drought, Price of Codonopsis Pilosula has Increased by 16.48% Compared with the End of August
1. Price trend Affected by the drought this month, Dangshen suddenly increased after experiencing low prices. The current price of codonopsis pilosula production area is between 40-43 yuan/kg, a 16.48% increase compared with the end of the previous month. The market for codonopsis pilosula in the last two years is particularly extraordinary. Since the production of new…
SunSirs: Production Restriction Is Normalized, and the Spot Price of Silicomanganese Is Stable
Price trend On August 17, the spot price of silicomanganese was stable, and the price in the main factory area in Ningxia was between 7,550-7,650 RMB/ton. Analysis review Now local production restrictions have become a normal trend. It is reported that the power curtailment situation in Inner Mongolia has eased, and the most severe month-on-month production reduction situation…
SunSirs: Domestic Sulfur Market Rose by 4.15% in a Single Day
Price trend The Sulfur Commodity Index on August 17 was 96.39, an increase of 3.84 points from previous day, a decrease of 7.17% from the cycle highest point of 103.84 points (2011-11-02), and an increase of 273.75% from the lowest point of 25.79 points on February 24, 2020. (Note: Period refers to 2011-09-01 to present) According to…
Iran’s LPG exports near 2-year high in July, Aug on China demand
Iran’s LPG exports are set to stay near two-year peaks of around 500,000 mt in July and August, meeting China’s voracious appetite for cheaper petrochemical feedstock given the increase in the number of its propane dehydrogenation plants, trade sources said. The high volumes, which some sources estimate could exceed 500,000 mt, are expected to last through…
US court blocks ConocoPhillips Alaska oil project
ConocoPhillips’ multibillion-dollar Willow North Slope oil project suffered a setback in federal court Aug. 18 when US District Court Judge Sharon Gleason voided permits and rights-of-way granted by the US Bureau of Land Management that were challenged in lawsuits filed by conservation groups. Gleason agreed with contentions by lead plaintiff Sovereign Inupiat for a Living Arctic…
Analysis: Vietnam may need to export more crude, slash fuel imports as unwanted oil stocks pile up
Vietnamese refiners and oil distributors are grappling with excess oil stockpiles as domestic fuel consumption tumbled in recent months amid a resurgence in COVID-19 cases, prompting the Southeast Asian country to ramp up crude exports and slash oil product imports in the near-term trading cycles. Vietnam is facing its worst coronavirus outbreak, forcing the government to…
Crude oil futures extend losses amid US gasoline stock build, poor demand outlook
Crude oil futures extended losses sustained overnight during mid-morning Asian trade Aug. 19, as concerns over the slowdown in oil demand intensified after US data showed a build in US gasoline stockpiles, while investors remained spooked by the delta variant spread. Crude oil futures extended losses sustained overnight during mid-morning Asian trade Aug. 19, as concerns…
Observers differ on DOE analysis indicating need for massive solar growth
Industry observers disagreed Aug. 18 about a US National Renewable Energy Laboratory preliminary analysis that shows solar deployments must accelerate by three to four times current rates to achieve a largely carbon-free American power sector by 2035. ”President Biden’s goal to achieve a carbon pollution-free power sector by 2035, in conjunction with a proposal for historic…
Hurricane Grace path through Mexico puts Texas gas exports, hub prices in peril
With Hurricane Grace targeting central Mexico’s Gulf Coast for Aug. 20 landfall, the storm now threatens to pummel power demand there, potentially pushing back on gas exports from South Texas. By early morning Aug. 19, Grace is expected to bring tropical storm force winds to the Yucatán Peninsula, later entering the Gulf of Mexico and strengthening…
SunSirs: The Market Atmosphere Was Good, Ferrosilicon Spot Prices Were Rising
Price trend Domestic ferrosilicon (grade: FeSi75～B; particle size grade/mm: natural block) spot quotations rose. The price of ferrosilicon in the main plant area of Ningxia was around 8,600-8,700 RMB/ton on the 17th, and the price of ferrosilicon was around 8,700-8,800 RMB/ton on the 18th. Analysis review The spot price of ferrosilicon is still at a high level. Japan…
