Posts Tagged ‘prices’

US power landscape prepares for markets, demand to heat up with summer

Summer for the power markets typically means volatility as demand shoots up with hot weather and prices bounce around as generators and traders try to provide the energy where it is needed.

Before each summer, grid operators across the United States gear up for the season by letting the stakeholders know how they are preparing in their summer outlooks. The outlooks share what the grid operators are expecting for peak loads and how much generation capacity will be available to meet the demand. For the power markets, preparing for the season means getting a handle on these outlooks and where prices are ahead of summer.

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Europe voices concerns over China’s increasing aluminum exports

A significant increase in Chinese aluminum exports to Europe over the first four months of 2015 has seen industry concerns grow as China looks to step up lobbying for market economy status (MES) by the end of 2016. It’s a move that would make it much harder for Europe to protect itself against low-price Chinese exports.

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California’s renewable power saga is just beginning

In the first quarter of this year, with unseasonably warm dry weather tamping down wind flows in California, the amount of power generated by the state’s 44 wind farms fell off by around 35% compared to the first quarter of 2014, according to data filed with the US Federal Energy Regulatory Commission and the Energy Information Administration compiled by Platts.

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US LNG exports: A move toward gas market price convergence

Much has been written in recent years about the potential impact of upcoming US LNG exports. Market analysts have pondered the likely effect on domestic US natural gas prices, gas production rates, domestic employment, GDP and even consumption by related petrochemical and agricultural industries. On the global stage, many expect that at current price levels US gas could flood the European and South American markets, pushing Atlantic Basin gas prices to new lows.

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Spot the difference: Why molybdenum prices cut a different figure in 2015

Since the start of 2015, molybdenum has moved in a very narrow range, we’ve seen prices tend to pick up around the third week of the month and then come back down again – but what changed this year to create this new pattern?

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North American oil production flush with increasing efficiencies: New Frontier

The US and Canada aren’t slowing oil production, as many predicted when it appeared oil prices were settling into a lower pattern for an extended time period. Efficiencies, which fostered the growth of tight oil production, have continued to protect margins, as Benjamin Morse and Starr Spencer explain in this week’s Oilgram News column, New Frontier.

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Metals markets start countdown to St Leger Day, looking for a price lift

In May, base metals struggled to hold onto initial gains seen at the beginning of the month. Copper hit a one-month low at the end of May with the three-month price sliding to $6,083/mt, while aluminum was at its weakest in 14 months at $1,738/mt, having hit a five-month high earlier in May at $1,937/mt. In fact, aluminum joined nickel as the worst performing LME contract of the month.

This weakness has brought into question whether the old and oft-repeated trader mantra — to sell in May and go away, don’t come back ’til St Leger Day — had once again become a predominant feature of the market.

So what was behind the weaker price performance in May?

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The Oil Big Five: Waiting for June’s big oil news announcements

There are certain months that have obvious potential for big news, and June looks like one of them. November 2014 was another one, and this month’s iteration of The Oil Big Five follows up on many of the themes that were raised then.

We reached out to Platts oil editors and analysts worldwide to see what they were keeping an eye on in June, and these topics came back as immediate responses. We hope you’re tracking them as well, and be sure to leave us a comment and let us know your thoughts on the issues below or on Twitter, using the hashtag #oilbig5. If you’re not as concerned about these topics, then let us know what you are watching and what we should be watching as well.

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Take The “A” Train…or not: New York subway hit by metals theft

New York subway riders trying to take jazz musician Billy Strayhorn’s advice and travel on the “A” train into Manhattan ran into a snag this week.

Services along the whole 31-mile length of the “A” train route were disrupted May 27 by what the Metropolitan Transit Authority described as a “massive theft of copper cable” from subway line tracks near Howard Beach, Queens.

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UK utilities higher charges for pre-payment meters is not the ‘smart’ option

I’d like to draw a positive parallel between pre-payment meters and smart meters.

That sounds facetious and in some ways it is. Rightly or wrongly, it seems pre-payment meters have become symbolic in the UK of poor families and intransigent tenants on Benefits Street.

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