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NOVA Chemicals record strong performance by Olefins/Polyolefins sector

NOVA Chemicals Corporation (NOVA Chemicals) has reported net income of US$97 mln for Q3-07, on very robust Q3 market conditions for Olefins/Polyolefins business. This growth is expected to continue into the next quarter and beyond, mainly on strong domestic and export demand and ...

Rising energy costs hit Q3 profits of Thailand's biggest firm - Siam Cement

Thailand's biggest conglomerate, Siam Cement has posted 33% dip in Q3 operating profit, attributed mainly to higher production costs that have eroded margins at its petrochemicals unit. The spread between high-density polyethylene (HDPE), SCC's main petrochemical product, and ...

EU debating proposed regulation to govern recycled plastics used in food packaging

Talks are underway on working documents from European Commission, that will form the basis of harmonised EU rules governing plastic materials and articles in contact with food, making it easier for processors to trade under the same requirements across the EU. The Commission's ...

Shenhuo Coal and Electricity to construct 150,000-ton aluminium strip facility

Henan Shenhuo Coal Industry and Electricity Power Co. Ltd. (Shenhuo Coal and Electricity), a Shenzhen-listed subsidiary of Henan Shenhuo Group, and Shangqiu Shangdian Aluminum Industry (Shangdian Aluminum) agreed on Monday to construct a 150,000-ton aluminium strip facility in ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of October 22, 2007

SUMMARY Crude oil futures for November delivery closed for the week at US$88.60 a barrel on the New York Mercantile Exchange, after rising above US$90 a barrel this week for the first time. Naphtha prices continue rising in line with robust crude prices. EDC and VCM prices have ...

BASF to raise prices for Styrenic Copolymer Specialties in Europe

As of November 1st, 2007, BASF will be raising its prices in Europe for the Styrenic Copolymer Specialties by up to 150 Euro per metric ton: This product group includes Luran S (ASA), Terluran HH (High Heat-ABS), Terlux (MABS), Luran HH (High Heat SAN: AMSAN) and Terblend N (PA...

US natural gas producer Vanguard prices IPO at $19/unit

US natural gas independent Vanguard Natural Resources LLC on Wednesday priced 5.25 million of its common units in an initial public offering at $19 each, the low end of its expected range, and was trading at $18.85/unit in early New York trade. The company on October 11 lowered ...

UOP Technology for Jurong Aromatics Plant in Singapore

UOP LLC, has been selected by Jurong Aromatics Corp. PTE Ltd (JAC) to supply technology, basic engineering services and equipment for a new aromatics plant to be installed in Jurong Island, Singapore. Basic engineering design is underway by UOP, and commissioning of the complex ...

Polyethylene Market Update, October 22, 2007

Volume: Good Price: Higher Spot Polyethylene prices added another penny this week, now up at least $.04/lb so far this month. Spot pricing now matches October contract price increases, which are becoming effective, and a bit more as producers begin working on the $.11/lb (yes, 11...

Ethylene pipe at Dow Chemical's Port Arthur facility explodes

An ethylene pipeline belonging to Dow Chemical, at its plant in Port Arthur, Texas, has ruptured and exploded. Currently, the pipe has been blocked by the fire crew as they await the fire to burn out. A nearby crude butadiene pipeline belonging to Texas Petrochemicals has also ...

GAIL plans US$4bln chemical projects to offset slowing growth due to price control

GAIL (India) Ltd., that earns half of its revenue from gas, is planning projects worth US$4 bln to expand in chemicals and offset slowing profit growth because of government controls on gas prices. Two 1 mln tpa ethylene plants will be built in southern India and overseas, for ...

Polystyrene Market Update in North America, October 8, 2007

Volume: Average Price: Firm Spot Polystyrene prices has eased a tad from their recent bump higher, but the market has maintained it overall strength, with prices near record high levels. The Polystyrene market has in general been well balanced and will likely continue to tighten ...

Polypropylene Market Update in North America, October 8, 2007

Volume: Good Price: Higher Polypropylene prices were strong this week and can move into new high territory if producers are able to implement their $.03-.04/lb price increases nominated for October contracts. Polypropylene producers need most of this increase just to keep up with ...

European toluene prices up $10-13/mt on firm overnight US market

European toluene prices were seen rebounding Friday, tracking the overnight US market which climbed on the back of a late day surge in crude values. Average NWE spot prices were around $10-13/mt above Thursday's close of $737-738/mt FOB Rdam in early day trade as buyers emerged. ...

Polyethylene Market Update in North America, October 8, 2007

Volume: High Price: Rising For the third time in as many months, Polyethylene producers and their domestic customers are standing toe-to-toe as they again negotiate the implementation of the $.04/lb price increase. Domestic offers in October have been light and priced fully ...

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 ...

US natgas seen to peak at $8.65/m Btu in January

WASHINGTON (ICIS news)--US natural gas spot prices are expected to peak at $8.65/m Btu in January and likely will show an overall 9% increase to an average $7.86/m Btu for 2008 compared with this year, US energy officials said on Tuesday. In its annual winter fuels forecast, the ...

Crude prices jump on gov't energy report

NEW YORK, Oct. 9 (Xinhua) -- Crude-oil futures ended higher Tuesday amid concerns about heating-oil supplies ahead of seasonal demand. Crude for November delivery ended up 1.24 dollars, or 1.6 percent, at 80.26 dollars a barrel on the New York Mercantile Exchange. The November ...

Ukraine, Russian gas monopoly sign agreement on debts

MOSCOW, Oct. 9 (Xinhua) -- Russian gas giant Gazprom has signed an agreement with Ukraine to settle 1.3 billion dollars of gas debt, news agencies reported Tuesday. The agreement was signed after talks between Gazprom chief executive officer Alexei Miller and visiting Ukrainian ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of October 8, 2007

SUMMARY Crude oil prices dipped marginally to US$81 a barrel in New York in the week, due to a stock build up in USA that has eased concerns regarding inadequacy of supplies during peak demand season in winter. Naphtha prices have dipped in line with weakening crude prices and a ...

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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