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Essar sells naptha to Glencore at a lower premium

Essar Oil Ltd. is reported to have sold a late-September cargo of naphtha to oil trader Glencore at a lower premium to its earlier sales. Indian refiners are expected to export about 950,000 tons of naphtha for this month, and have so far sold or offered only 740,000 tons. The ...

Lukoil-Neftekhim plans US$1 bln investment in petrochem facility in Ukraine

Lukoil-Neftekhim plans to invest an approximate sum of US$1 bln in Ukraine`s Karpatnaftokhim. The new facility will process plastic and raw petrochemicals at Ukraine in the Ivano-Frankivsk town of Kalush. This amount does not include US$600 mln that the company plans to invest in ...

Dow expansion to support growing North American demand for end-use PU products & PU systems formulations

To support growing demand for end-use polyurethanes products and polyurethane systems formulations in North America, Dow has planned expansion. Dow Polyurethanes, a business group of The Dow Chemical Company, plans expansion of the specialty mix polyols capability at its ...

OPEC decides to increase crude oil production

VIENNA, Sept. 11 (Xinhua) -- OPEC decided in a surprise move to increase its daily oil output by 500,000 barrels in efforts to stabilize the jittery market on Tuesday. The increase will be executed starting from Nov. 2, said the 12-nation Organization of Petroleum Exporting ...

Singapore defines initiatives to strengthen oil industry

SINGAPORE, Sept. 11 (Xinhua) -- A Singapore senior official on Tuesday suggested some initiatives - growing refinery capacity, entrenching biofuels and advancing technologies - to position the country competitively in the global oil industry. Speaking at the 23rd Asia-Pacific ...

Sinopec to import 60,000 tons of gasoline in September

BEIJING, Sept. 11 (Xinhua) -- Sinopec, China's biggest oil refiner, is planning to import 60,000 tons of gasoline in September to help meet domestic demand, said an official of the company on Tuesday. Arrangements for the imports have been fixed, including the time and place of ...

Polystyrene Market Update in North America, September 10, 2007

Volume: Increasing Price: Weakening Spot Polystyrene prices have continued to ease, shedding another half-cent this week. Spot prices have now fallen about $.03/lb, commensurate with the relief in spot Styrene monomer costs. Polystyrene supplies are not necessarily ballooning, ...

Polypropylene Market Update in North America, September 10, 2007

Volume: Growing Price: Steady Spot Polypropylene offers are still coming in at mostly steady prices and spot supplies have begun to grow. The offers are accumulating since prices are considered high given that market sentiment is now turning negative. Propylene monomer costs are ...

Polyethylene Market Update in North America, September 10, 2007

Volume: Growing Price: Steady, some lower The spot Polyethylene market was slow most of the past week. Producer offers were limited as would be expected for the beginning of a month when there is not only one, but two price increases nominated. Traders, however, have had little ...

Speakers say natural gas market is becoming increasingly global

The natural gas market is becoming an increasingly global venture that will prove vital in meeting the growing worldwide demand for energy, speakers said Thursday at the Industrial Gas Users Association's 2007 natural gas conference in Quebec City, Quebec. World demand for energy ...

S Korea vows not to act against oil price hike

SEOUL, Sept. 13 (Xinhua) -- South Korean Vice Finance Minister Lim Young-rok said Thursday that his government is not considering any emergency steps to cope with the current oil price hike. "We are closely monitoring global oil prices, but we do not believe there is a need for ...

Bayer MaterialScience mulls world-scale MDI facility in Europe

Bayer MaterialScience is considering building a world-scale production methylene diphenyl diisocyanate (MDI) facility in Europe. A feasibility study is underway to focus particularly on factors such as costs and infrastructure for a number of possible locations. A decision on the ...

New extremely highly thermally conductive plastic compounds

PREMIX OY has widened its range of conductive plastics by introducing new extremely highly thermally conductive plastic compounds. PRETHERM TPE compounds are based on thermoplastic elastomers and exhibit excellent thermal conductivity. They are ideal solution for heat dissipation ...

US ethylene up 1.25 cent/lb after Humberto

US spot ethylene jumped on Thursday by 1.25 cents/lb ($28/tonne) as prices reacted to outages left in the aftermath of Hurricane Humberto, market sources said. US spot ethylene for September was heard traded as high as 47.5 cents/lb. That figure compares with a deal at 46.25 ...

Interest in US PVC exports waning on logistics, price limit

Demand for US PVC in international markets is beginning to fade, sources said Wednesday. The reason for the diminished interest is twofold, said one trader. Lengthy delays in shipping and a lack of available shipping space were cited as one of the reasons. "There are a number of ...

ACC applauds tri-lateral agreement to further risk evaluations on chemicals in commerce

Arlington, VA -- The American Chemistry Council (ACC)praised a new regional project focused on evaluating chemicals in commerce in North America. At the Security and Prosperity Project of North America Summit in Montebello, Quebec, President Bush, Canadian Prime Minister Stephen ...

NYMEX crude contract hits new front-month high of $78.79/barrel

Front-month crude futures on NYMEX hit an all-time high of $78.79/barrel Wednesday shortly ahead of the release of US weekly oil data. Analysts polled by Platts were expecting a 2.5 million barrel drop in US crude stocks for the week ending September 7. Shrugging off OPEC's ...

Bioplastics with PLA based on sugar beet and sugarcane residues

An Italian biotech start-up called Bio-On is entering the bioplastics market with a process that produces polylactic acid (PLA) based plastics from sugar beet and sugarcane residues with a claimed efficiency of 95% : waste streams become valuable resources that can be converted ...

Argentina Petroken cuts PP output by 15-20% on Shell refinery shutdown

Argentina's Petroken has reduced polypropylene (PP) output by 15-20% on account of diminishing feedstock deliveries from a Royal Dutch Shell refinery near Buenos Aires that is shutting down on allegations of contamination. Petroken, a 100% owned company of Basell of the ...

Total Petrochemicals restarts unit

Total Petrochemicals, USA has restarted a unit at its 232,000 bpd Port Arthur, Texas, refinery. Unit 813 began restarting after maintenance. The restart is expected to be completed by Sept. 19. Simultaneously, Total has shut down another unit- Unit 804 for maintenance.

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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