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Another day of violence, looting in Chile

  • : Metals, Oil products
  • 19/10/20

Chile's government is struggling to quell another day of violence and looting that have shaken Latin America's most stable economy.

The center-right government of President Sebastian Pinera declared a state of emergency in metropolitan Santiago and other regions, dispatched the armed forces and established a nighttime curfew in Santiago and other cities. The measures, unprecedented since Chile restored democracy in 1990, have not succeeded in stifling the unrest today.

Infrastructure damage is most acute on the Santiago metro, considered the region's most modern. Dozens of metro stations were torched and will take months to restore, Metro board president Louis de Grange said this morning. At least two burned trains will take two years to replace.

Rioting, looting and vandalism first erupted on 17 October in response to a metro fare hike that the government has since suspended. At least two people died overnight in a fire at a supermarket in the western Santiago neighborhood of San Bernardo. In a separate incident, two alleged looters were shot by security forces.

Many schools have canceled classes tomorrow. Thousands of passengers are stranded in the Santiago international airport as carriers cancel and reschedule flights.

All political parties are calling for dialogue. The leftist opposition is demanding the immediate withdrawal of the military and measures to address economic hardship. Some are calling for a general strike this week. Parties allied with the government acknowledged the need for policy changes but warned of the risk of adopting populist measures that cannot be financed.

The government will determine later today whether to declare another curfew tonight ahead of the start of the work week tomorrow, said army general Javier Iturriaga, who was appointed by Pinera to lead the effort to restore public order.

"There is a serious disruption of public order," Iturriaga said. "The only thing that is we want is for people to get back to normal. This is not in our DNA."

In a separate address this morning, interior minister Andres Chadwick said Santiago registered 50 violent episodes overnight, and 53 more in other parts of the country. Nationwide, 716 people have been detained, most of them in Santiago.

Pinera will meet today with the presidents of the senate, the chamber of deputies and the supreme court, Chadwick said.

It is not clear if the unrest has affected Chile's strategic copper mining industry, but government authorities have quietly reached out to mining companies to determine whether workers will join the protest, an industry executive told Argus.

State-owned oil company Enap said yesterday its 95,000 b/d Aconcagua refinery has been partially suspended because of irregular power supply.

Many retail gasoline stations have run out of fuel, and others are only selling 97-octane gasoline, the costliest grade. Copec, Chile's main fuel distributor, reported this morning that distribution resumed this morning to replenish retail stations depleted by panic buying. The company is currently assessing damage from attacks on individual stations that remain closed.

The unrest comes on the eve of the Chilean government's hosting of the COP25 conference in Santiago in early December. The metro will not be fully functioning before then.

Regional pattern

The unforeseen crisis in Chile comes on the heels of chaos in Ecuador that was triggered by fuel price hikes. As in Ecuador, the unrest has persisted in Chile even after the government withdrew the fare hike.

On social media, the Venezuelan government of President Nicolas Maduro has celebrated the uprisings and accused the Ecuadorean and Chilean governments of repression. Ecuador and Chile, like most Western countries, do not recognize Maduro as Venezuela's president, and support a US-led campaign to install an interim administration.

Venezuela's political opposition says the Maduro government has fomented regional turmoil by coordinating and financing insurrection. Radical groups from Chile had a prominent presence at the regional Sao Paulo Forum in Caracas in late July, a leftist gathering that Maduro's opponents say is exploiting social discontent to destabilize the region.

Chile and Ecuador are among the Latin American countries that have absorbed hundreds of thousands of Venezuelan migrants in recent years. Chile hosts about 500,000 Venezuelans.


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25/04/14

Semiconductors alter minor metal demand/supply balances

Semiconductors alter minor metal demand/supply balances

London, 14 April (Argus) — Evolving semiconductor technologies and growing chip consumption across a range of applications are changing demand and supply dynamics in several minor metal markets, delegates heard at the Minor Metals Trade Association's annual conference in Lisbon last week. In the hafnium market, demand from the semiconductor industry could surpass that of super-alloys for the largest share of demand in the next five years, metal and alloy producer Nanoscale Powders president Andrew Matheson said. Semiconductor demand for hafnium could climb to 64 t/yr by 2030, up by 24pc from 40 t/yr in 2024, outpacing 5pc growth in nickel super-alloy demand to 60 t/yr from 45 t/yr. This would also outpace 3pc growth in critical nuclear uses to 18 t/yr. It is unclear whether there is sufficient room to expand hafnium supply to meet the projected demand growth, Matheson said. Global production totalled about 138t in 2024, well below estimated nameplate capacity of 245t. Hafnium and compounds including hafnium oxide (HfO2) have several uses in semiconductor manufacturing, including as a gate insulator in field-effect transistors; in dynamic random-access memory capacitors to enhance capacitance, reduce power leakage and act as a protective barrier layer; and in filaments, electrodes and ultra-thin films in semiconductor fabrication. HfO2 can retain data even without power, providing potential for new types of non-volatile memory. As a result, general growth in semiconductor demand in a range of electronics, telecommunications, automotive and industrial applications is set to boost hafnium demand in semiconductor manufacturing. In addition, growing demand for memory capacity for artificial intelligence (AI), as well as new storage technologies, could drive hafnium demand further. At the same time, growing demand for standalone power generation to serve AI data centres also could lift demand for hafnium in super-alloys, Matheson said. In the indium market, the use of indium phosphide-based fibre optics to replace copper interconnects to meet the requirements of high-speed AI data transfer is creating a new source of demand. Indium-based compounds such as indium arsenide, indium gallium arsenide and indium gallium nitride are used in integrated circuits, lasers and light-emitting diodes (LEDs) for electronic and electro-optical applications. Indium alloys also are used as thermal interface materials to improve heat dissipation in electronic devices. Semiconductor applications account for about 10pc of global indium consumption, and as the liquid crystal display display market has matured, chip demand will be one of the drivers of the indium market's 2-3pc annual growth rate, according to Brian O'Neill, indium business unit manager at AIM Products. Semiconductor demand has contributed to a larger structural change in the global gallium market. Total gallium production capacity has more than tripled since 2016 from about 300 t/yr to more than 1,100 t/yr, driven by expansion in China, according to Jan Giese, senior manager for minor metals and rare earths at German trading firm Tradium. Gallium exports from China have steadily decreased since 2018, dropping further in 2023 when the Chinese government introduced export controls. This has resulted in a contraction of the share of exports in Chinese production to just 7pc in 2024 from 52pc in 2018. China is no longer dependent on exports of gallium metal, as the capacity expansion is required to support China's drive towards full downstream integration into the semiconductor value chain, Giese said. Gallium is used as a dopant in silicon-based semiconductors, as well as in compound semiconductor materials, in the form of gallium arsenide (GaAs) and gallium nitride (GaN). GaAs is critical in high-frequency devices and LEDs, while GaN is used in high-power, high-frequency devices and LEDs. Adoption of GaN is growing in new AI and automotive applications, with Chinese device manufacturers and automakers leading the way in bringing GaN-on-silicon devices into automotive power electronics. China previously imported semiconductors to supply its electronics industry. But US restrictions on exports of advanced semiconductors and manufacturing equipment to China since 2022, supported by the Netherlands and Japan, have prompted China to rapidly establish its own domestic semiconductor production and advance its technological development. The state-backed National Integrated Circuit Industry Investment Fund closed a third round last year of 344bn yuan ($47.5bn), more than double the value of the previous two rounds combined, in addition to growing private-sector investment. The scale of Chinese investment in expanding semiconductor manufacturing is absorbing much of the expansion in gallium capacity and supporting the long-term competitiveness of the Chinese downstream sector, Giese said. But as US tariffs have reduced dependency on imports of Chinese gallium, along with the export controls, they have reduced the competitiveness of the US downstream sector. Some customers have relocated, cutting US gallium demand and in turn failing to spur new primary gallium production. By Nicole Willing Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Треть заявок направлением на запад не обеспечены грузом


25/04/14
25/04/14

Треть заявок направлением на запад не обеспечены грузом

Moscow, 14 April (Argus) — Около 30% согласованных заявок на экспортные перевозки угля через южные и северо-западные порты в I квартале были инфлированными — не были обеспечены грузовой базой, сообщил заместитель генерального директора — начальник центральной дирекции управления движением РЖД Михаил Глазков на брифинге начале апреля. В прошлом году доля таких заявок не превышала 2%. Ослабление интереса к западным маршрутам со стороны угольщиков объясняется снижением мировых цен на твердое топливо и укреплением курса рубля к доллару США. Между тем РЖД зарезервировала локомотивы и локомотивные бригады под заявленные объемы угля, был заадресован также порожний подвижной состав, который отправился из портов, но не доехал до станции погрузки из-за отсутствия груза. Из-за инфлированных заявок на западном направлении в марте мы теряли более 150 тыс. т угля ежесуточно, или 4,5 млн т в абсолютном исчислении. В апреле эта проблема сохраняется. Каждый день на Северо-Кавказскую, Октябрьскую и Западно-Сибирскую железную дорогу [Запсиб] не предъявляется к погрузке порядка 1,6 тыс. вагонов, что проводит к потерям 100 тыс. т груза ежедневно, — заявил Глазков. Кроме того, 72 тыс. порожних полувагонов, заадресованных на Запсиб, не были востребованы для перевозки. Этот подвижной состав остается на путях общего пользования и ухудшает эксплуатационную обстановку на сети. За простой парка платит отправитель, который заявил к перевозке груз, но не предъявил его впоследствии. В то же время РЖД удалось компенсировать выпадающую погрузку на северо-западном направлении привлечением дополнительного объема черных металлов и минеральных удобрений, сообщил Глазков. Госкомпания предлагает повысить штраф за инфлированную заявку в 24 раза, до 240 руб./т не погруженного груза. Штрафы предлагается сделать поступательными в зависимости от времени отказа перевозки до запрошенной даты. Ранее эта инициатива уже предлагалась, но не была поддержана в Совете Федерации. Мы со своей стороны готовы нести взаимную ответственность за невывоз согласованных к перевозке грузов, — заверил Глазков. Сергей Маруев ___________________ Больше ценовой информации и аналитических материалов о рынке транспортировки навалочных, генеральных грузов и контейнеров — в ежемесячном отчете Argus Логистика сухих грузов . Подписаться на аналитический дайджест Вы можете присылать комментарии по адресу или запросить дополнительную информацию feedback@argusmedia.com Copyright © 2025. Группа Argus Media . Все права защищены.

Australian refiner Viva posts lower sales in Jan-Mar


25/04/14
25/04/14

Australian refiner Viva posts lower sales in Jan-Mar

Sydney, 14 April (Argus) — Australian refiner Viva Energy's January-March sales slumped against a year and quarter earlier, while its Geelong refinery margin (GRM) rebounded slightly despite the impact of a refinery-wide outage in January. Total sales for the first quarter of Viva's fiscal year fell on lower commercial and industrial sales, which dipped by 6pc because adverse weather impacted mining demand. Crude intake of 107,000 b/d at the 120,000 b/d Geelong refinery was up by 6pc on the quarter, but 6pc lower on the year. Viva's energy and infrastructure division was hit by a A$20mn ($12.6mn) loss after an unplanned shutdown at Geelong resulting from a power outage in January. Geelong's October-December output was affected by problems with the refinery's residual catalytic cracker unit, late crude arrivals and minor unscheduled maintenance. The GRM was marginally above breakeven levels, Viva said, despite the January outage. Tariffs imposed by the US on its trading partners have led to a fall in oil prices, which should stimulate consumer demand and support retail margins, and the firm has limited exposure to customers directly dependent on US markets, it said. Viva's upgrade to ultra-low sulphur gasoline at the 120,000 b/d Geelong refinery is on schedule, with supply expected to begin from August to meet the federal government's deadline of December this year. A proposed large-scale advanced soft plastics recycling facility to be co-developed with waste management firm Cleanaway will proceed to initial engineering phase in 2026, Viva said on 9 April. The project aims to convert waste soft plastics into food-grade recycled plastics but requires policy certainty, which is expected once details of Canberra's packaging reform, the Extended Producer Responsibility, are released. By Tom Major Viva Energy results (b/d) Jan-Mar '25 Oct-Dec '24 Jan-Mar '24 q-o-q % ± y-o-y % ± Refining intake 107,000 101,000 112,000 6 -6 Sales 288,000 298,000 297,000 -3 -4 GRM ($/bl) 8 7 12 18 -34 Viva has adjusted volumes to account for its acquisition of OTR retail group on 28 March 2024 Source: Viva Energy Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Keystone oil pipeline to restart by 15 April


25/04/13
25/04/13

Keystone oil pipeline to restart by 15 April

Houston, 13 April (Argus) — The 622,000 b/d Keystone crude pipeline is expected to resume service by 15 April, following a leak in North Dakota that shut deliveries last week. Calgary-based pipeline operator South Bow said the repair and replacement of the leaking section of pipe was taking place over the weekend. Once the company meets the terms of a corrective action order (CAO) issued by the US Pipeline and Hazardous Materials Safety Administration (PHMSA), it will be able to resume service. The pipeline has been off line since early on 8 April, when a leak was discovered in a rural field near Kathryn, North Dakota. An estimated 3,500 bl of crude was released but did not appear to have reached any waterways. "Keystone is targeting restoration of service and energy deliveries by Tuesday April 15, 2025, under the requirements of the CAO," South Bow said. "South Bow will require approval from PHMSA prior to restarting the pipeline." Under the CAO, South Bow must run metallurgical testing of the failed section of pipe, conduct a root cause analysis and meet other requirements. The pipeline system will also have to comply with certain pressure restrictions on Canadian sections of the line. The Keystone system is a major route for Canadian heavy crude destined for both the US midcontinent and the US Gulf coast, delivering about 15pc of the roughly 4mn b/d that the US imports from its northern neighbor. The line runs from the Canadian production and storage hub at Hardisty, Alberta, to Steele City, Nebraska, before splitting in two to head toward Illinois and the Gulf coast. Discounts for Western Canadian Select (WCS) at Hardisty to the CMA Nymex narrowed at the end of last week despite the shutdown, because of low inventories in Hardisty and open pipeline space on Canadian crude pipelines, including Enbridge's 3mn b/d Mainline system to the US midcontinent and the 890,000 b/d Trans Mountain pipeline to the Canadian Pacific coast. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Mexico suspends Valero fuel import permits


25/04/11
25/04/11

Mexico suspends Valero fuel import permits

Mexico City, 11 April (Argus) — Mexico's tax authority SAT on 9 April suspended US refiner Valero's fuel import permits, the company said today. The company did not specify why its import license was suspended. "Valero is addressing each administrative observation noted in the suspension to clarify the issues. Additionally, [authorities] mistakenly stated that the company does not have valid import permits, which is incorrect since the permits are valid through 2038," the company said. When consulted, Valero told Argus it has no further information to share at this time. In Mexico, Valero holds gasoline, diesel and jet fuel import permits valid through 2038. The company is one of only a handful of private-sector companies with such permits. Shell, Marathon and ExxonMobil hold permits to import only gasoline and diesel. Valero is the leading private fuel importer in Mexico. On 9 April, its sales accounted for 10pc of Mexico's gasoline and diesel demand, according to the company. Private-sector companies started importing fuel into Mexico in 2016 after the market opened to more competition, but under former president Andres Manuel Lopez Obrador's administration, the energy ministry (Sener) cancelled dozens of fuel import permits. Valero is cooperating with the Mexican government and has recently joined a voluntary price cap agreement to keep regular gasoline below Ps24/l ($4.45/USG), the company said, adding that it "implements rigorous traceability and security controls throughout its supply chain." The company stores fuel at four private-sector terminals in Mexico, with over 4mn bl of capacity. The company is also expected to start storing fuel at the new 1.1mn bl OTM terminal in Altamira, Tamaulipas, in the near future. By Cas Biekmann Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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