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Tag: commodity pricing

Weekly resin report: Some processors bank on PE supply surge that will send resin prices lower | PlasticsToday

Weekly resin report: Some processors bank on PE supply surge that will send resin prices lower | PlasticsToday

So, how busy were the spot resin markets last week? Well, at mid-month, resin trading was nearly double the historic average, reports the PlasticsExchange (Chicago) in its Market Update. Polypropylene  (PP) prices inched up another cent while polyethylene (PE) prices held firm, having consolidated recent gains at slightly elevated recovery levels. With the April PE […]

Ryanair expects to win in airline ‘fare wars’ | BBC News

Ryanair expects to win in airline ‘fare wars’ | BBC News

Ryanair chief Michael O’Leary has said he expects the airline to benefit from any price war in the industry. Mr O’Leary said “artificially low prices” and “attritional fare wars” could dent profits for a year or two. He was speaking after the airline reported that profits fell by nearly a third last year to €1bn […]

Coalition abandons milk price index, after it fails to deliver on promise | The Australian Dairyfarmer

Coalition abandons milk price index, after it fails to deliver on promise | The Australian Dairyfarmer

The Coalition Government has abandoned its troubled retrospective Milk Price Index. The index was a key 2016 election promise by then deputy prime minister Barnaby Joyce in response to the 2015 retrospective milk price cuts. But it was dogged by delays and faced criticism from farmers when launched on not delivering on its promise. The […]

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits | OilPrice.com

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits | OilPrice.com

Saudi Arabia has increased its official selling prices for all crude oil grades for Asian buyers with delivery in June as a supply crunch resulting from U.S. sanctions on Iran and Venezuela opens an opportunity to boost revenues. Bloomberg reports the price for Arab Light with a June delivery date is now the highest in […]

Unregulated gas-price ‘gouging’ means huge profits at the expense of drivers in Vancouver, says economist | The Star

Unregulated gas-price ‘gouging’ means huge profits at the expense of drivers in Vancouver, says economist | The Star

VANCOUVER—Is it time to cap gas prices? With consumers paying record-high prices in Metro Vancouver, Premier John Horgan said this month his government would consider “some relief” for those who can’t afford $1.70 a litre. At least one economist says assistance should come in the form of regulation. Marc Lee, a senior economist at the […]

Big oil refiners from Alberta price-gouging B.C. customers: Think-tank | Vancouver Sun

Big oil refiners from Alberta price-gouging B.C. customers: Think-tank | Vancouver Sun

Alberta’s oil industry is raking in “excess profits” by price-gouging B.C. customers, according to a new report by the Canadian Centre for Policy Alternatives. Marc Lee, an economist at the CCPA and the author of the report, says: “Turn off the taps? Alberta already has Vancouver over a barrel,” and taxes aren’t to blame for […]

Apache delays production of Permian natural gas after weak prices | Reuters

Apache delays production of Permian natural gas after weak prices | Reuters

(Reuters) – Oil and gas producer Apache Corp said on Tuesday it temporarily halted production at its Alpine High assets in the Permian basin late March, curtailing output of about 250 million cubic feet of natural gas per day because of extremely low prices. Natural gas prices in the basin, spread across west Texas and […]

LNG projects face new financing and pricing risks  | Petroleum Economist

LNG projects face new financing and pricing risks | Petroleum Economist

Changes in LNG pricing structures and contract length could shift some risk from buyers to sellers LNG producers will need to absorb more risk as trading in the market becomes more complex and dynamic, the LNG19 conference in Shanghai heard this week. What was once an almost static asset market is being forced into a […]

Farmers Delay Pricing Soy in Argentina Trade-Currency Wager | Bloomberg

Farmers Delay Pricing Soy in Argentina Trade-Currency Wager | Bloomberg

Soybean growers in Argentina are playing a waiting game, wagering on better prices ahead as the U.S. and China inch toward a trade deal and as nation’s currency keeps depreciating. Farmers on the Pampas arable belt have signed delayed-price contracts for almost three quarters of the 12.2 million metric tons they’ve sold to crushers and […]

How price sheets have compared in recent years | Resource Recycling News

How price sheets have compared in recent years | Resource Recycling News

For decades, a pricing index has reported prices for recyclables in Canada’s most populous province. The group behind the sheet recently evaluated how it compares with other market reports. The Continuous Improvement Fund (CIF), an Ontario, Canada group funded by producers and municipalities, publishes a sheet showing how much money recovered fibers, plastics, metals and […]