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Polymer Market Update in North America, September 10, 2007

The commodity resin markets were slow this past week. With considerable price increases currently in play for September resin contracts, fresh producer supplies were sparse this first week of the month. Upward price momentum seems to have stalled along with the export market, ...

VAM tight despite plant returning online

HOUSTON (ICIS news)--US vinyl acetate monomer (VAM) supplies remain tight, even though Lyondell brought a plant back in service, and Celanese was increasing supplies to its contract customers, sources said on Friday. I m just trying to dig myself out of this VAM hole, one buyer ...

Oil outfit profits on higher use of energy

BEIJING, Sept. 24 -- CITIC Resources Holdings Ltd, a unit of China's fourth-largest oil producer, reported yesterday that profit rose 14 percent in the first half as the nation's demand for energy and resources increased. Net income climbed to 138.3 million HK dollars (18 million ...

Kazakhstan to develop petrochemical industry

Before 2009, Kazakhstan plans to invest over US$1.6 bln in modernization and reconstruction of all three refineries - the total investments will be about US$1 billion in the Atyrau refinery, US$600 million in Shymkent, and US$40 million in Pavlodar petrochemical plant, which will ...

CNOOC Ltd. announces start-up of gas project in Indonesia

BEIJING, Sept. 24 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC Limited) announced on Monday that the phase two of the Southeast Sumatra (SES) gas project has started production. CNOOC SES Ltd., a CNOOC Ltd. subsidiary, was the operator, said CNOOC Ltd.. The ...

Oil prices dip to US$81.34 a barrel on dispersion of tropical depression in the Gulf of Mexico

Oil prices fell Monday after a tropical depression in the Gulf of Mexico dispersed without causing damage to key oil and gas infrastructure. The tropical depression was feared to develop into a storm capable of damaging oil and gas installations in the Gulf of Mexico, but ...

Venezuela projects revenues of US$100 bln over next 5 years

Venezuela, the fourth largest supplier of crude oil to the United States, projects revenues of US$100 bln over the next 5 years through expansion of its petrochemicals industry. By 2013, the industry will have created 700,000 jobs, 10 times the number employed at state oil ...

GAIL open to approach RIL aboard Iranian petrochemical project

Gail India is open to approach domestic private sector refiner and petrochemicals major Reliance Industries Ltd (RIL) on board an Iranian petrochemical project. As per an earlier plan, GAIL and Indian Oil Corporation (IOC) were to partner the project along with the National ...

A new engineering plastic reduces electronic component malfunction due to moisture/oil contact

A new engineering plastic that markedly reduces the risk that electronic components will malfunction due to contact with moisture or oil has been introduced by BASF. The electrical conductive paths of these components can easily be overmolded with the plastic to form a tight seal...

Nippon Oil to commence operation at Sendai refinery in October-November

In a bid to boost its position in a fast-growing Asian market, Japan's Nippon Oil Corp plans to start commercial operations of its new petrochemical facilities at its Sendai refinery from October-November Nippon Oil has completed construction of a 300,000 pa xylene production ...

Bayer invests more than 7 million euros in new research center

21 Sep 2007 - Bayer MaterialScience AG and Bayer Technology Services GmbH have signed a five-year agreement with the Rheinisch-Westf lische Technische Hochschule (RWTH) Aachen for intensive cooperation in catalysis research. "Catalysis has become a key technology in the chemical ...

Participants anticipate significant hike in Sep US methanol CP's

US methanol buyers can expect to see a significant increase in the October contract announcements, sources said Tuesday. The exact amount of the increase is still under debate however one market participant suggested that a 40 cents/gallon increase would not be out of the realm ...

Polystyrene Market Update In North America, September 24, 2007

Volume: Better Price: Steady After giving back a few cents from an early summer cost-induced price increase, the spot Polystyrene market has again stabilized. Spot offerings have increased somewhat, but they are not overly abundant. There has been a fairly steady flow of good ...

Polypropylene Market Update In North America, September 24, 2007

Volume: Growing Price: Steady Spot Polypropylene prices moved a tad lower this past week, as good offgrade railcars became lost in a sea of Generic Prime offerings. Not all railcar offers were fresh from producers, but also came from traders that had made purchase commitments ...

Polyethylene Market Update In North America, September 24, 2007

Volume: Strong Price: Stabilizing The Polyethylene market was busy this past week. Early on, we saw several large groups of Generic prime offerings that overshadowed the normal flow of good widespec railcars. With the Polyethylene price increase held off for two consecutive ...

Polymer Market Update In North America, September 24, 2007

Spot resin market activity picked up this week, as good spot offers, which have been accumulating, found willing buyers that have no doubt been affected by well-publicized record crude oil prices. While September Polyethylene contracts have rolled steady to August contracts, and ...

IOC mulls investment of over Rs 43500 cr for expansion over next 5 years

Indian Oil Corporation Ltd (IOC) plans to invest over Rs 43,500 crore over the next five years, for capacity expansion, de-bottlenecking and quality upgradation. Of that amount Rs 30,000 crore will be invested in downstream integration as the company forays into the petrochemical...

Crude prices drop below 80 U.S. dollars

NEW YORK, Sept. 25 (Xinhua) -- Crude prices dropped sharply Tuesday, settling below 80 U.S. dollars a barrel. There was little news affecting oil prices Tuesday, analysts said. The prices declined as investors locked in profits from the recent record-setting rally. Light, sweet ...

BASF to increase prices for Neopolen P

As of October 1, 2007, BASF will increase prices in Europe for the expanded polypropylene (EPP) Neopolen&ref; P by 300 euros per metric ton. This price adjustment has become mandatory owing to the further rise in raw material costs, transportation and energy costs. Due to its ...

Total and Galactic in bioplastics research JV in Europe

France's Total Petrochemicals and Galactic Escanaffles have entered a joint-venture to produce 1,500 tpa of polylactic acid (PLA) for use in bioplastics, including packaging. The plant will be based at Galactic Escanaffles site, Belgium. A research and development project, ...

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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