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Commodity Pulse

Coking margins narrow as crude plunge pulls down benzene, methanol prices

January 30, 2015 (5:20)

Platts editors discuss the relationship between coke, benzene, and methanol; the hedging strategies of different market players; and the market outlook for the commodities in 2015.


Podcasts

Impact from lower jet fuel prices on airline markets to fully manifest itself in 2016: IATA
January 29, 2015
Brian Pearce, IATA's chief economist, talks to Platts jet fuel editors on the impact of lower energy complex on downstream airline markets.
Arbitrage economics support US benzene, styrene markets
January 28, 2015
US petrochemicals editors explain how the benzene market is currently being driven by an open arbitrage window in the derivative styrene market.
Even after US ethanol prices tumble, industry issues remain
January 27, 2015
US biofuels editors preview some hot-button issues for 2015, including prices, imports and exports, transportation, blending and the RFS.
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News Headlines

Japan ferrochrome: Prices stay flat at 86-88 cents/lb in thin trade
Tokyo (Platts)--30 Jan 2015 418 am EST/918 GMT
Platts assessed the spot price of 60%-grade high-carbon ferrochrome imported into Japan at 86-88 cents/lb CIF Japan Friday, January 30, unchanged for the seventh week running on deals reported were for small lots of 20-100 mt.
Russian Rusal's 2014 aluminum output slips to record low
Tokyo (Platts)--30 Jan 2015 1246 am EST/546 GMT
Russian Rusal's 2014 aluminum production fell 7% year on year to a record low of 3.6 million mt, the world's largest aluminum producer said January 30.
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Feature: Steel Raw Material Outlook

January 20, 2015
Standard & Poor's has downgraded its credit rating for Vale, citing weak iron ore prices at a time when the Brazilian miner is investing heavily in expanding its iron ore production capacity.
Also in this feature
East Chinese steel mills continue to cut scrap prices
Jiangsu Shagang Group cut its scrap buying price by Yuan 30/mt ($5/mt) January 24 on smooth deliveries and falling steel prices.
China's Dec high carbon ferrochrome imports slip 0.3% on year to 230,689 mt
China imported 230,689 mt of ferrochrome containing more than 4% carbon in December, down a slight 0.3% year on year.

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Price Focus

US investment bank Goldman Sachs cut sharply Monday its forecasts for average oil prices in 2015 but said sliding US shale production could see the global oil market rebalance by the end of the year. Goldman said it expects Brent crude to average $50.40/b a barrel from $83.80/b, as global oil price continue to their rapid descent into near six-year lows. WTI is expected to average $47.15 a barrel, down from a previous forecast of $73.75/b, the bank said.



The Barrel Blog

January 30, 2015
In North America, 2015 has started with a curious amalgam of steel and oil news, both involving business between the US and Canada.
January 29, 2015
While conventional oil takes time to slow down, it also takes time to speed up. It will be shale that is best placed to benefit from any oil price recovery.
January 28, 2015
The most recent oil data from the US EIA reveals commercial crude oil stocks jumped 8.9 million barrels to a record high 406.7 million barrels during the week ended January 23.
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Asia Pacific and Middle East Refined Oil ProductsPublished November 2014

The Asia Pacific and Middle East Refined Oil Products Guide contains the primary specifications and methodologies for Platts Asia Products assessments.






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