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Asia BPA hikes ineffective on weak demand

SINGAPORE -- Price hikes of around $80-100/tonne nominated by Asian bisphenol A (BPA) sellers have failed to take effect in the key Chinese market due to lacklustre domestic demand, traders and importers said on Friday. Offers from BPA majors were heard at $1,980-2,100/tonne CFR ...

Exterior coatings can be long lasting, cost efficient and environmentally advanced

If you walk around cities in China after it has rained, you may notice obvious stains on the exterior walls of many buildings. The reason, in most cases, is that traditional exterior emulsion coatings are not smooth, nor continuous, which allow pollutants to gather on the surface ...

Russian H1 oil output falls first time in decade

MOSCOW - Russian oil output edged up 0.3 percent in June from the previous month, but was down almost 1 percent in the first half of the year, casting further doubts over the government's goal to sustain growth this year. Russian officials still hope production would slightly ...

Sinopec refining losses to stay after price hike

BEIJING - Qilu, the best-performing of all the refineries run by Sinopec (0386.HK: Quote, Profile, Research, Stock Buzz) in the first five months of this year, may lose around 800 yuan ($116.8) for each tonne of crude it processes in July, an industry source said on Thursday. ...

Asia isomer xylene rebounds $70/t on crude

SINGAPORE--Prices of isomer-grade xylene have rebounded $70/tonne in Asia, reversing sharp declines in the past two weeks, buyers and sellers said on Thursday. Isomer xylene prices had crashed more than $150/tonne between mid-June and the end of the month, to $1,300-1,320/tonne ...

Oil hits record above $144 on U.S. inventory drop

NEW YORK - Oil prices shot to a record high above $144 a barrel on Wednesday after a drop in U.S. crude inventories stoked supply concerns. U.S. crude hit a record $144.32 a barrel in post-settlement trade on Wednesday after settling up $2.60 at $143.57 a barrel. London Brent ...

OPEC daily oil prices set new record of $136.94

VIENNA -- The daily average prices of the Organization of the Petroleum Exporting Countries (OPEC) set a new record of 136.94 U.S. dollars per barrel Tuesday, the Vienna-based cartel said on Wednesday. The prices on Tuesday broke the previous record of 136.03 dpb set on Monday, ...

Oil prices top $144 on supply concerns

NEW YORK -- Crude futures topped 144 U.S. dollars a barrel Wednesday as the U.S. inventory reported a bigger-than-expected drop last week and the tension in Middle East continued to weigh on the market. Light, sweet crude for August delivery jumped 2.6 dollars to settle at a ...

China Q4 MDI outlook hinges on economics

SINGAPORE--China s demand for methylene diphenyl diisocyanate (MDI) after the Beijing Olympic Games depends on whether the general global economic climate improves, suppliers said on Tuesday. Various economic measures implemented by the Chinese government earlier this year to ...

Sachtleben announces price increases for titanium dioxide and barium sulfate

Sachtleben Chemie GmbH, of Duisburg, Germany, announced that it is increasing its prices for pigmentary titanium dioxide grades (rutile and anatase types) and for all synthetic barium sulfate grades with effect from July 15, 2008. The move is intended to balance out at least ...

Iran says discovers oil field in its southwest

TEHRAN - Iran has discovered a new oil field holding an estimated 233 million barrels of recoverable sweet oil, Oil Minister Gholamhossein Nozari said on Sunday. The field, which has in-place reserves of 1.1 billion barrels, lies in the oil-rich southwestern province of Khuzestan...

Italy and Britain eye nuclear power potential

PARIS - Italian Prime Minister Silvio Berlusconi said on Sunday oil-consuming countries should meet to fix a maximum price they were prepared to pay for oil or they would have to invest heavily in nuclear power. Berlusconi denounced the "unfair" movement of wealth from consumer ...

Venezuela's Chavez says oil could reach $300

MARACAIBO - Venezuelan President Hugo Chavez said on Sunday oil prices could hit $300 per barrel if U.S. oil company Exxon Mobil again freezes Venezuelan assets in a dispute over a nationalized oil project. Exxon won court orders freezing $12 billion in assets held by Venezuelan ...

Oil prices settle above $145 after hitting new high

NEW YORK -- Crude futures closed above 145 U.S. dollars a barrel after surpassing the 147 dollars level for the first time Friday on supply concerns in Iran, Nigeria and Brazil. Light, sweet crude for August delivery rose 3.43 dollars to settle at 145.08 dollars a barrel on the ...

Eastman announces vice president appointments in its CASPI and PCI business segments

Eastman Chemical Company has announced new appointments in its Performance Chemicals and Intermediates (PCI) and Coatings, Adhesives, Specialty Polymers and Inks (CASPI) business segments. Damon C. Warmack has been named vice president and general manager, PCI. Brad Lich will ...

Asia orthoxylene slips on weak downstream

SINGAPORE--Orthoxylene (OX) spot prices in Asia have stabilised after dipping $75-110/tonne over two weeks in late June but the outlook was uncertain, buyers and sellers said on Monday. While some think its one-week-old rebound seemed to have fizzled out, others were hopeful of ...

Saudi Arabia's industrial diversification plan to get underway

The prospect of easy availability of cheaper raw materials seems sufficient to set Saudi Arabia's industrial diversification in motion. Saudi Arabia's embryonic plastics industry will gladly greet the prospect of the kingdom's petrochemical producers selling their output to local ...

Improved ethylene margins could prompt Indonesian producer to raise cracker rate

Indonesia's Chandra Asri could consider raising operating rates at it's 600,000 tpa ethylene et cracker at Anyer that has been running at 80-85%. Poor margins triggered by rising crude and feedstock values, had led to reduced rates since early April. Ethylene margins, in mid ...

OPEC sees oil demand growth slowing in 2008, 2009

LONDON - OPEC on Tuesday cut its forecast for global oil demand growth in 2008 for a fourth time this year and said consumption would slow in 2009, signaling a more comfortable supply and demand balance. The Organization of the Petroleum Exporting Countries also said the need for ...

Cognis sells its Pulcra Chemicals business to strategic investor

Cognis has signed an agreement to sell its Pulcra Chemicals subsidiary to Germany based Fashion Chemicals GmbH & Co. KG for 26.3 million euros. The sale is in line with Cognis' strategy of focusing on its core businesses driven by the wellness and sustainability trends. ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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