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Financial turmoil impacts petchem demand: SINGAPORE--The Asian petrochemicals industry s traditional year-end peak season demand orders could be delayed or even reduced due to last week s financial turmoil which rocked Wall Street and bourses worldwide, producers and traders said on Monday. There won t be much festive ...

OPEC weekly prices further drop: VIENNA -- The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to 89.17 U.S. dollars per barrel (dpb) last week, said the Vienna-based cartel Monday. The prices of OPEC have dropped for three consecutive trading weeks since the first week ...

Gulf inflation threat mounts as oil hurdles to $150: DUBAI - Oil's rapid acceleration toward $150 a barrel threatens to spur Gulf Arab inflation to new records as currency pegs to the ailing U.S. dollar prevent the oil producers from mopping up excess liquidity. As Gulf central bankers prepare for a key meeting in Doha on Monday, ...

Gulf inflation threat mounts as oil hurdles to $150: DUBAI - Oil's rapid acceleration toward $150 a barrel threatens to spur Gulf Arab inflation to new records as currency pegs to the ailing U.S. dollar prevent the oil producers from mopping up excess liquidity. As Gulf central bankers prepare for a key meeting in Doha on Monday, ...

Canada says no magic solution to record oil prices: MONTREAL - Canadian Finance Minister Jim Flaherty is keeping options open as he heads into a discussion on soaring oil prices at a meeting this weekend of finance ministers from the world's top industrialized countries. Flaherty said on Monday that although he believes markets ...

OPEC weekly prices rise slightly: VIENNA - The weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) rose slightly by 0.57 dollars, topping 124.30 dollars per barrel (dpb) last week, the Vienna-based cartel said Monday. The daily prices set a record high of 127.59 dpb on May 22 and ...

INEOS NOVA announces Polystyrene price increase for the UK market: 26 Nov 2007 - INEOS NOVA announceda price increase of 55 EUR/Mt for Polystyrene for the UK market. "The exchange rate of the GBP versus the Euro has significantly changed over the last 2 months, and thus this move is intended to recover resulting margin loss in December," ...

Brazilian Schahin Group to get $800-mln loan to build oil, gas platforms: RIO DE JANEIRO, Nov. 1 (Xinhua) -- Brazilian engineering company Schahin Group will received a loan of 800 million U.S. dollars from foreign banks to build two semi-submersible oil and gas platforms, the company announced Thursday. The funds will be assembled from 15 internationa...

Polymer Market Update in North America, October 8, 2007: The spot resin markets were very busy this past week, which is quite a statement since it was just the first week of the 4th quarter and expected to start slowly. Transacted volumes of commodity grade resins were high - thanks mostly to renewed interest from overseas buyers. With ...

Polymer Market Update in North America, September 10, 2007: The commodity resin markets were slow this past week. With considerable price increases currently in play for September resin contracts, fresh producer supplies were sparse this first week of the month. Upward price momentum seems to have stalled along with the export market, ...

China's yuan strengthens to 6.6593 per USD Friday: The value of yuan strengthened as the central parity rate of Renminbi, China's currency, was set at 6.6593 per U.S. dollar Friday, compared with Thursday's 6.6635, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to ...

Inflation fears hit stocks: China's stocks fell for a second day, led by banks and metal producers, on concern the government's efforts to tame inflation by slowing lending and raising inflation rates will reduce earnings. China Construction Bank Corp and Bank of China Ltd paced losses for lenders after the ...

China's yuan weakens to 6.6635 per USD Thursday: The value of yuan weakened as the central parity rate of Renminbi, China's currency, was set at 6.6635 per U.S. dollar Thursday, compared with Wednesday's 6.6566, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float ...

China's yuan weakens to 6.6566 per USD Wednesday: The value of yuan weakened slightly as the central parity rate of Renminbi, China's currency, was set at 6.6566 per U.S. dollar Wednesday, compared with Tuesday's 6.6531, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed ...

Chinese shares close up at midday: China's stocks closed up in the morning trading session Monday despite the lingering possibility of an interest rate rise to curb inflation. The benchmark Shanghai Composite Index up 1.15 percent to 2,873.84. The Shenzhen Component Index closed at 12,661.96, up 1.62 percent, at ...

Yuan advances to 6.6305 per USD Monday: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6305 per U.S. dollar Monday, compared with Friday's 6.6371, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the ...

China's yuan advances to 6.6371 per USD Friday: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6371 per U.S. dollar Friday, compared with Thursday's 6.6466, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on ...

Oil prices surpass 110 U.S.dollars: VIENNA -- Oil hovered around a record high of 110 U.S. dollars a barrel Wednesday with a tumbling U.S. dollar, fund flows and OPEC's reluctance to pump extra crude providing support. Oil prices jumped from less than dollars 70 to over 110 dollars, due to geopolitical crisis and ...

China's yuan advances to 6.6466 per USD Wednesday: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6466 per U.S. dollar Thursday, compared with Wednesday's 6.6548, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float ...

China's yuan advances to 6.6548 per USD Wednesday: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6548 per U.S. dollar Wednesday, compared with Tuesday's 6.6597, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on ...

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