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China to raise gasoline price

BEIJING, Oct. 31 (Xinhua) -- China will raise the prices of gasoline, diesel oil and aviation kerosene by 500 yuan per ton, almost a 10 percent rise, starting from November 1, China's economic planner announced on Wednesday. The average retail prices of gasoline and diesel oil ...

World's biggest aluminum producer eyes Chinese market

NANNING, Oct. 31 (Xinhua) -- The world's biggest aluminum producer, Rio Tinto Alcan sees China's growing aluminum market as an opportunity to expand business. "Rio Tinto has to some extent ignored the Chinese market before the acquisition of Alcan. But the strong development of ...

Sinopec's net profits up 43.65% in first 3Qs

BEIJING, Oct. 30 (Xinhua) -- China Petroleum and Chemical Corporation (Sinopec) on Tuesday announced net profits of 48.7 billion yuan (6.5 billion U.S. dollars) in the first three quarters, up 43.65 percent from the same period last year. Business revenue of the country's largest ...

Mexico's Pemex to resume oil production after accident

MEXICO CITY, Oct. 29 (Xinhua) -- Mexican state-run energy company Petroleos Mexicanos (Pemex) will soon resume production of the 600,000 barrels a day of crude oil suspended due to last week's accident, company officials said at a conference Monday. Carlos Morales, the director ...

Crude oil falls 3.4 percent to settle at $90.38

NEW YORK, Oct. 30 (Xinhua) -- U.S. crude oil retreated from an all-time high, down for the first time in five days on Tuesday. Crude-oil futures for December delivery closed down 3.15 dollars, or 3.4 percent, at 90.38 U.S. dollars a barrel on the New York Mercantile Exchange, ...

S.Korea considers to react on crude oil price hike

SEOUL, Oct. 30 (Xinhua) -- South Korean officials said Tuesday that Seoul is considering to take measures in accordance to the increasing oil prices, including enforcing mandatory energy conservation and adjust oil tax rates. According to South Korean Ministry of Commerce, ...

Eastman Increases EASTMAN NPG Glycol, All Grades Prices on November 1

KINGSPORT, Tenn., Oct. 29, 2007 - Eastman Chemical Company is increasing prices on the following products effective Nov. 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. Eastman NPG Glycol, All ...

US PET firms file complaint due to dumping losses

WASHINGTON (ICIS news)--US plastic film producers said on Tuesday they are losing some $200m annually to foreign manufacturers who are dumping sheet and strip film on the US market at below production cost and several have filed a complaint with US authorities. SKC Films of ...

Eastman Increases OXO Alcohols Prices on November 1

KINGSPORT, Tenn., Oct. 29, 2007 - Eastman Chemical Company is increasing prices on the following products effective Nov. 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. Eastman n-Propanol (n-propyl ...

Braskem to invest US$150 mln in unit to produce polyethylene from ethanol

Braskem - Brazil's largest petrochemicals firm plans to invest US$150 million in a 200,000 tpa plant to produce polyethylene from sugarcane-based ethanol. The plant is scheduled to commence operations in the second half of 2009.

Base oil buyers aim to rewrite contracts

HOUSTON (ICIS news)--US base oils buyers are calling for a change in how future contract prices will be determined, industry participants said on Thursday. We have told sellers at NPRA that we want a new pricing structure, which may result in a base oils price that is not just a ...

Direvo and Danisco Collaboration Yields New Industrial Enzyme

31 Oct 2007 - DIREVO Biotech AG announced that an industrial enzyme protein engineering project in collaboration with Danisco A/S, has yielded a significantly improved phytase enzyme. The project exploited Direvo's high throughput, robotic screening and directed evolution ...

National Adhesives Announces Price Increase on Pressure Sensitive Acrylic-Based Adhesives

01 Nov 2007 - National Adhesives, a business unit of National Starch and Chemical Company, is implementing a price increase on all DURO-TAK and NACOR pressure sensitive acrylic-based products, effective December 10, 2007. The increase is necessitated by higher costs of acrylic ...

Polymer Market Update in North America, October 29, 2007

Spot resin prices were mostly steady this week as the market still seeks firm direction for its next move in November. Producers are keen to continue raising resin prices amid record high energy and elevated feedstock costs. However, real resin demand is questionable as we ...

Polystyrene Market Update in North America, October 29, 2007

Volume: Average Price: Steady Spot Polystyrene market activity was slow this past week. Spot prices were mostly steady to perhaps a little higher. There were several offers for railcars of good GPPS in the mid $.70s/lb and HIPS nearing $.80/lb. Producers have secured at least a $...

Polypropylene Market Update in North America, October 29, 2007

Volume: Good Price: Steady Polypropylene producers have a major challenge ahead. RGP prices continue to soar, making ever fresh record highs, but spot resin prices for good offgrade and Generic Prime, are having a difficult time pressing higher. Prices should already be in the ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of October 29, 2007

p>SUMMARY Crude oil futures for November delivery closed at a high of US$91 a barrel on the New York Mercantile Exchange. Naphtha prices continue rising in line with robust crude prices. EDC and VCM prices have dipped due to sluggish market movement on downbeat demand from ...

Polyethylene Market Update in North America, October 29, 2007

Volume: Good Price: Steady Spot Polyethylene prices stalled this week, as participants assess the many fundamentals currently influencing the market. Resin producers point to sharply higher energy and feedstock costs along with strong resin sales to help support their desire to ...

U.S crude closes up 4.6% at new record of $94.53

NEW YORK, Oct. 31 (Xinhua) -- U.S. crude oil futures closed up 4.15 dollars, or 4.6 percent, at a new record high of 94.53 U.S. dollars a barrel on the New York Mercantile Exchange on Wednesday. The price advanced after the announcement that U.S. crude inventories dropped ...

China completes tunnel for new west-to-east gas pipeline

YICHANG, Oct. 29 (Xinhua) -- Workers on Monday completed a tunnel under China's Yangtze River for a major gas pipeline that will run from the southwest province of Sichuan to Shanghai in east China. With a diameter of 3.08 meters and a length of 1,405 meters, the tunnel laid ...

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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