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EU’s methanol imports shrink further as exports grow: Eurostat

European Union imports of methanol for November 2016 stood at 519,986.1 mt, a fall of 108,922 mt compared with November 2015, Eurostat data showed. However, overall imports for the first 11 months of the year increased marginally to 6,375,731.6 mt for 2016, up 68,719.8 mt overall to a monthly average of 579,611.96 mt. Exports dropped month on month to 6,388 mt for November 2016 slightly lower than November 2015 levels of 6,844.7 mt. This followed an October 2016 export surge in which 27,708.3 mt of product left the EU — ...

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First shipment of iron ore from Vale’s new S11D mine en route to Asia

Brazil’s Vale SA, the world’s No.1 iron ore miner, is ready to send its first commercial shipment of the steel-making ingredient from its largest-ever new mine in the Amazon known as S11D. “Vale loaded Friday 26,500 tonnes of iron ore onto three ships at the company’s port of Ponta de Madeira.” The company, which cut the ribbon on the massive state of Pará-based project last month, said 26,500 tonnes of iron ore were loaded onto three ships at the company’s port of Ponta de Madeira, in Sao Luis, on Friday. ...

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Colombian thermal coal exports rise 9% in 2016 to record 88 mil mt

Colombia exported a record 88.10 million mt of thermal coal in 2016, rising 9% year on year, data from Colombian shipping agent Deep Blue showed. The largest taker of Colombian thermal coal during the year was the Netherlands at 17.26 million mt, although the volume edged 1% lower than in 2015. Turkey was sent 15.91 million mt in 2016, jumping 38% from the previous year. Other countries that saw noticeable year-on-year gains in 2016 were Chile at 5.12 million mt, up 16%, as well as India and South Korea at ...

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US undercuts Australian gas exporters to Asia as spot prices spike

A surge in shipments of US gas into north Asia highlights the challenge confronting Australia’s gas exporters as more gas projects come on stream over the next few years. That threat of cheap US gas cutting across the ambitions of Australian gas exporters was evident during December, when three-quarters of the gas exported from the new US gas export project at Sabine Pass was sold into north Asia, according to industry analyst Graeme Bethune. “Until a month ago, it wasn’t sending much to Asia, but it is sending a lot ...

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Mexico’s Pemex imports first diesel cargo via train from U.S.

Mexico’s state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country’s energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on Jan. 7 at the new private San Jose Iturbide storage terminal in central Guanajuato state via train, marking another first for the company which normally uses pipelines and seaports for fuel imports. Isaac Volin, head ...

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Iraq’s southern oil exports fall since start of OPEC cut – loading data

Oil exports from Iraq’s southern terminals have fallen so far in January, according to loading data and an industry source, a sign that OPEC’s second-largest producer is following through on the group’s decision to cut output. Baghdad’s initial request to be exempt from the deal, plus loading programmes pointing to continued high Iraqi exports, have added to scepticism that the country would comply with the output cuts. Iraq is supposed to curb production by 210,000 barrels per day. Exports from southern Iraq in the first 16 days of January have ...

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Russia. Grain exports from Novorossiysk down 10% in December

In December 2016, grain exports via the Novorossiysk port not only failed to repeat the December 2015 record but even ended up below the December 2014 volume, reports UkrAgroConsult. So, about 1.1 MMT of grain was shipped via the port of Novorossiysk in December 2016 (by sailing date). This is 10.6% less than in the record December 2015 and down 0.7% from December 2014. The shipments included about 911.4 KMT of wheat, 211.5 KMT of corn and 5.5 KMT of barley. December’s wheat exports via Novorossiysk are down 14.6% from ...

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South Korean utilities adopt new purchase strategy for Q2 cargoes

South Korean power utilities are to target mid-calorific value 5,000 to 5,500 kcal/kg NAR thermal coal in purchase tenders for second quarter shipments including from Australia and Russia and possibly US cargoes, a source close to the Korea market said Tuesday. Q2-delivery cargo tenders for such mid-range calorific value thermal coal could start to emerge from Korean buyers over the next few weeks, said the source who is familiar with the Korean import market. Korean utilities’ new purchase strategy is informed by two market factors: firstly, an increase in the ...

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Rio Tinto annual iron ore shipments rise

Rio Tinto PLC RIO exported more cargoes of iron ore in 2016 as it continued to ratchet up production from a recently expanded network of mines in a remote part of Australia. The Anglo-Australian company on Tuesday reported iron-ore shipments of 327.6 million metric tons from its Western Australia mining operations during the year, up 3% on 2015. That was in line with a company projection in October that it would ship between 325 million and 330 million tons from Australia in 2016. Miners including Rio Tinto and Anglo-Australian rival ...

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India imports 2.7 mn tonnes wheat so far this fiscal

Indian importers have purchased 2.7 million tonnes of wheat from Australia, France and Ukraine so far this fiscal and additional 1.2 million tonnes of grain is expected to arrive by the end of next month. However, traders have not signed any import deals for wheat delivery beyond March as they are sceptical that the government may reimpose customs duty on the grain when the harvesting of the new crop starts from April 2017. Last month, the government had brought down wheat import duty to zero from 10 percent to boost ...

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Algeria force majeure hurting LNG deliveries to southern France -GRTgaz

French gas grid operator GRTgaz said a force majeure situation in Algeria and tensions in the global gas market were impacting deliveries of liquefied natural gas (LNG) to southern France. Deliveries to the Fos-sur-Mer terminal were at about 40 gigawatt-hour (GWh) per day, compared with almost double that at 70 GWh per day needed for this period of the year when there is increased demand for power and heating, GRTgaz chief executive Thierry Trouve told journalists on Tuesday. Trouve said there was enormous demand for gas for power generation in ...

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Vietnam replaced Egypt as a top buyer of Romanian wheat

In October 2016 Romania exported 342 KMT of wheat, almost doubled shipments compared to October 2015 (179 KMT), but did not beat record for this month, observed in October 2013 (504 KMT) after record high exports in the previous months, reports UkrAgroConsult. Total wheat volume, exported over July-October 2016/17 equaled 3150 KMT, which was a new record for Romania. In October 2016 Egypt, Djibouti, Israel, Jordan and Morocco were the largest buyers of Romanian wheat. Peculiar was the purchase of such untraditional buyer as Congo – 16.5 KMT. No purchases ...

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Transneft says Kozmino capacity allows for 31.3 mln T of oil exports in 2017

Russian Pacific port of Kozmino has a technical capacity to export 31.3 million tonnes of oil this year (630,000 barrels per day), Russian pipeline monopoly Transneft said on Tuesday. It added that oil exports from the port stood at 31.8 million tonnes in 2016 with China receiving 22.2 million tonnes, Japan – 3.9 million tonnes, South Korea – 2.4 million. Some volumes were shipped to Malaysia, Singapore and other countries. Source: Reuters (Reporting by Katya Golubkova; editing by Maria Kiselyova)

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Australian wheat to dominate Asian market in H1 2017 on competitive pricing: traders

Australian wheat is expected to dominate Asia’s market in the first half of 2017, as a large export surplus will pressure prices to be more competitive and attract buyers, traders said late last week. The world’s fourth-largest wheat exporter is set to produce a record harvest of around 33 million mt for the 2016-2017 season (October-September), tipping record harvest of about 29.9 million mt set five years ago. Given higher production, exportable volume from Australia is estimated at 24.5 million mt for the 2016-2017 season, up 52.2% from the 2015-2016 ...

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Pertamina expects more LPG imports from US this year

State-owned oil and gas firm Pertamina expects to increase liquefied petroleum gas (LPG) imports from the United States (US) this year following the expansion of the Panama Canal last year. Around 90 percent of all LPG imports used to come from the Middle East, according to Pertamina’s senior vice president for integrated supply chains (ISC), Daniel S. Purba. Pertamina aimed to reduce the Middle East share to accommodate more supplies from the US, which would benefit from much shorter delivery and thereby increased competitiveness, enabled by the Panama Canal route, ...

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