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China deliveries continue despite ban

Manila--Asian coal buyers and shipping brokers interviewed by Platts said they can continue to take deliveries of coal from China despite an official ban. An Asian coal buyer said one of its Chinese suppliers loaded a panamax vessel with coal and sailed away from a northern ...

US biofuel credit market takes baby steps

HOUSTON --The nascent market in US biofuels credits is taking baby steps towards transparency and stability, with a new online trading site poised to report its third transaction later on Wednesday. "Price discovery is a challenge," said Doug Cummins, of New York-based brokerage ...

Albemarle Raises Prices of Aluminum Alkyls

Albemarle Corporation will increase the prices of the neat portion of all of its aluminum alkyl products by approximately 40 percent in the Middle East and 25 percent in the Americas effective April 1, 2008, or as contracts allow. Prices for solvent blends of organometallics also ...

Indian company to explore gas in Myanmar inland block

Indian oil company, the Essar, will start drilling test well to explore natural gas at an inland block in Myanmar's western coastal Rakhine state during this year under a production sharing contract with Myanmar initiated more than two years ago, the leading local weekly Yangon ...

New laser technique promises better process control in the pharmaceutical industry

Scientists at the Science and Technology Facilities Council (STFC) Rutherford Appleton Laboratory in Oxfordshire, UK have developed an effective laser based method for the characterisation of the bulk chemical content of pharmaceutical capsules - without opening the capsules. In ...

More strength in aluminum and steel than meets the eye: MSCI

North American steel and aluminum shipments declined in January, but not by much, which was seen as good news by the Illinois-based Metals Service Center Institute. "Despite the weak overall economy, January declines in steel and aluminum shipments from US and Canadian metals ...

Dow Evaluates Growth Opportunities for Polyurethanes in Latin America

Dow Polyurethanes, a business group of The Dow Chemical Company and its subsidiaries, announced it is conducting a feasibility study to expand toluene diisocyanate (TDI) production at its manufacturing facility in Cama ari, Brazil. The proposed expansion, which involves a new ...

UK PE buyers face more hikes to match Europe

LONDON (ICIS news)--UK polyethylene (PE) buyers are facing further upward pricing pressure this quarter despite signs of slower activity in mainland Europe as sellers attempt to bring them in line with their continental counterparts, market sources said on Monday. We will stop ...

Climbing crude pushes US aromatics prices higher

Benzene prices in the US approached the 400 cents/gal FOB USG price level Tuesday morning as crude prices raced toward $100/barrel. Bids for March benzene were heard at 397 cents/gal USG on Tuesday, with offers at 403 cents/gal USG. The March FOB price on Friday was assessed at ...

BASF mulls interest in acquiring US chemicals group Albemarle

Germany's BASF may be interested in buying US chemicals group Albemarle's lucrative refinery business for US$4.9 bln. Albemarle, which also focuses on polymer additives and fine chemicals, posted net profit of US$230 mln on net sales of US$2.3 bln last year. BASF has sold weak ...

Pertamina awards EPC contract for 179,000 ton propylene plant to consortium

Indonesia's state owned oil and gas company PT Pertamina has nominated a consortium to build a 179,000 ton propylene unit. The consortium of PT Rekayasa Industri (Rekin) and Toyo Engineering Corp is the chosen one to build the propylene processing unit worth US$283 mln. The ...

China's largest oilfield reports record 2007 int'l business

BEIJING, Feb. 14 (Xinhua) -- Daqing, China's largest oilfield, said that its international business had surpassed 2 billion yuan (278.2 million U.S. dollars) for the first time in 2007. The China National Petroleum Corporation (CNPC), parent company of Daqing and the country's ...

Formosa to switch to LPG, kerosene to counter high naphtha costs

Prices of naphtha in Asia rose 56% in the year 2007, mainly propped by rising crude oil values and robust demand in the region. Despite capacity hikes by several regional players including South Korea's Samsung Total Petrochemicals Co., robust demand led to total imports in Asia ...

Coal shortages, transport problems cause power gaps

BEIJING, Jan. 23 (Xinhua) -- China is experiencing a power gap of up to 69.63 million kilowatts (kw) as a coal shortage cuts generation at some plants, according to the State Electricity Regulatory Commission (SERC). The shortage has led 13 provincial-level regions, including ...

Sinopec, BP to raise acetate output at Chongqing facility

BEIJING, Jan. 23 (Xinhua) -- Sinopec, China's largest oil refiner, will team up with oil giant BP to expand acetate production, with a new acetyl chemicals plant to be built in the southwestern city of Chongqing. Company officials said on Wednesday that the plant would have an ...

China's 2nd largest oil field 11.79% larger than previously thought

BEIJING, Jan. 23 (Xinhua) -- China Petrochemical Corporation (Sinopec) told Xinhua on Wednesday that the nation's second largest oil field's proven oil reserve was 11.79 percent higher than previously thought to the exploration efforts made by the oilfield. Further exploration in ...

Crude closes below 87 dollars on recession fears

NEW YORK, Jan. 23 (Xinhua) -- Crude-oil futures tumbled more than 2 dollars Wednesday to close below 87 dollars a barrel, as continuing fears that an economic recession will depress demand for oil prompted traders to sell energy futures. Crude oil for March delivery closed down 2...

Polymer Group announces global price increases

Polymer Group, Inc. has announced an increase in prices for its products globally due to persistent hikes in raw material costs. Polymer Group, Inc., one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered ...

Rohm and Haas Announces Global Price Increase for Personal Care Polymers and Preservatives

23 Jan 2008 - Rohm and Haas announced a global price increase for its personal care polymers and preservatives, effective February 18, 2008. Prices will increase 5 to 10 percent or as contracts permit for selected product lines including NEOLONE(TM) preservatives, ACULYN(TM) ...

GCC countries expected to invest US$120 bln over next five years in chemicals and petrochemicals

GCC countries are expected to invest US$120 billion in chemicals and petrochemicals during the next five years, as per a recent report by the Gulf Organization for Industrial Consulting (GOIC). The development in petrochemicals will lead to the growth of energy-intensive and ...

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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