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Ciba Specialty Chemicals announces global price increase for lubricant additives

22 Aug 2007 - Effective immediately or as contracts will allow, Ciba Specialty Chemicals will increase prices on lubricant additives globally. The magnitude of the increase will in most cases range between 3 to 7 percent. These products are sold into lubricant applications around ...

Oil prices mixed on surprise increase in U.S. crude reserve

NEW YORK, Aug. 22 (Xinhua) -- World oil prices were mixed Wednesday as traders reacted to a surprise increase in crude reserves in the United States, which is the world's biggest energy consumer. That Hurricane Dean spared major U.S. energy production facilities in the Gulf of ...

Russia boosts rubber and plastics production

21 August, 2007 Russia s rubber and plastic products sector has increased its output by 21.5% in the past year, according to government figures. Polypropylene shot up 67% in the period from January to July 2006 to the same period this year, according to a news report by the ...

Sumitomo to buy Asahi Chemicals

United Kingdom (British Plastics & Rubber) -- As part of a bid to expand sales of polypropylene compounds in the Western automotive industry Sumitomo Chemical of Japan is to acquire the Asahi Kasei Chemicals PP compounding plant at Havant near Portsmouth, currently trading as AK ...

Price trends of oil, polymer feedstocks & commodity polymers in Asia for the week of August 20, 2007

SUMMARY Crude oil futures rose marginally to US$72 for September delivery in the week of August 20, 2007 on the New York Mercantile Exchange. The past few weeks have witnessed a dip in prices prompted by news of a US economy slowdown. Naphtha rose despite dipping crude oil prices...

Sinopec signs contract to build petrochem base in Hebei

Sinopec and Hebei Development and Reform Commission has signed a contract to build a petrochemical refinery base in Hebei Province. The complex will encompass an oil refinery with an annual processing capacity of 10 million tons and a 1 million ton ethylene unit. Will this ...

Polypropylene Market Update, August 20, 2007

Volume: Higher Price: Consolidating Spot Polypropylene prices have pushed about $.01/lb higher so far this month, now reaching into the low $.60s/lb. Downstream inventories are comfortable to low and US processor demand is still struggling, so this is clearly still a cost-driven ...

Polystyrene Market Update, August 20, 2007

Volume: Fair Price: Steady The spot Polystyrene market is still humming along; prices have been steady as there has been little impetus to drive it in either direction. There has been a light, but steady flow of spot railcars, priced along the full gamut of the $.70s/lb, based ...

Polyethylene Market Update, August 20, 2007

Volume: Good Price: Slightly higher Spot Polyethylene markets were fairly active this past week. The market found some relief as most all producers have pushed their $.04/lb price increase until September, but have added a $.05/lb Sep 15th increase as support in case there are ...

Chemical traffic on US railways rises 2.8%

TORONTO (ICIS news)--US chemical railcar traffic rose 2.8% in the week ended 18 August, compared with the same period in 2006, the Association of American Railroads (AAR) said on Thursday. The AAR did not cite reasons for the increase in chemicals shipments. However, analysts ...

BASF announces price increase for engineering plastics

Due to unprecedented and sustained higher costs in raw materials, energy and transportation, BASF will increase prices in its engineering plastics product line in North America, effective August 20, 2007, or as contracts allow, for all shipments. The specific increases for North ...

Indorama to boost Europe sales

Indorama Polymers Plc (IRP), Europe' eighth largest PET producer projects an increase in market share in Europe to at least 10% within the next two years. Indorama's current market share in Europe is pegged at 6%, but is estimated to dip to 5.7% next year, upon the expansion of ...

Formosa shuts ethylene plant after mechanical faults

Mechanical faults have forced Taiwan's Formosa Petrochemical Corp. to shut one of its three ethylene plants. The 700,000 tpa of ethylene plant is estimated to stay closed for about 10 days for repairs to the plant's compressor. The unplanned shutdown may boost prices of ethylene, ...

Eastman Increases Glycol Ethers and Glycol Ether Esters Prices on September 1

KINGSPORT, Tenn., Aug. 21, 2007 - Eastman Chemical Company is increasing prices on the following products effective Sept. 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. EASTMAN EB Solvent, All ...

Eastman Increases Plasticizers Prices on September 1

KINGSPORT, Tenn., Aug. 21, 2007 - Eastman Chemical Company is increasing prices on the following products effective Sept. 1. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. EASTMAN DOP, 168, 168CA, 425, DOA, DOA Kosher, DBP, ...

Mexico's main oil, petrochemicals ports remain closed: ministry

All Mexico's oil and petrochemicals ports remained closed to shipping late Wednesday as Hurricane Dean made landfall in the state of Veracruz, the Ministry of Communications and Transportation reported. Earlier, state Pemex had said that, with stocks of 10.5 million barrels on...

BPI breaks into the North American films market

21 August 2007 British Polythene Industries (BPI) has broken into the North American market with the purchase of western Canadian manufacturer AT Films. The Edmonton, Alberta, producer of agricultural, greenhouse and construction films was sold for US$12m cash by parent Celanese ...

Daikin to set up chlorofluorocarbon JV in China

Tokyo (Jiji Press) -- Japan's Daikin Industries plans to set up a joint venture in China with major French chemical maker Arkema to make chlorofluorocarbon, informed sources said Monday. The joint venture will build a plant near Nanjing, Jiangsu Province, starting as early as ...

Dow in Talks on Russian Petchem JV?

Nikochem (Moscow) is in talks with Dow Chemical on a possible joint venture to build a $3-billion petrochemical complex at Volgograd, Russia, local press reports say. The complex would be built on the site of Kaustik (Volgograd), Nikochem s chlor-alkali subsidiary. It would have ...

US propylene stocks plummet 100,000 bbls in two weeks

US propylene stocks for non-fuel use dropped 75,000 barrels in the week ending August 17, an analysis of the weekly Energy Information Administration showed Thursday. Stocks levels were at 2.865 million barrels, down from 2.940 million barrels last week. Moreover, the week ending ...

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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