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Commodity Trends: No ban on cardamom futures

With open interest in cardamom futures surging, rumors of a ban on the contract also started circulating until Forward Markets Commission clarified that there would be no ban on cardamom futures. The excessive heating in the cardamom counter is borne by the rise in open interest ...

Asian Toluene daily assessments - 16Jul,2010

p>(US$/mt) FOB Korea On day CFR China On day CFR China On day LC at sight Change LC 0-30 days Change LC 90 days Change Marker : 715.75-716.75* 3.75 725.50-726.50** 4.50 728.00-729.00** 4.50 H1Aug: 709-710 7.50 723-724 ** 6.00 725 -727 ** 6.00 H2Aug: 714-715 * 4.50 728-729 ** 3.00 ...

Asian Benzene daily physical cargo assessments - 16Jul,2010

p>(US$/mt) FOB Korea On day FOB SEA On day LC at sight Change LC at sight Change Marker: 763.50-764.50 * 3.50 750.50-751.50 ** 3.50 H1 Aug: 759-761 11.00 FOBK -13.00 H2 Aug: 762-764 * 4.00 FOBK -13.00** H1 Sep: 764-766 * 3.00 FOBK -13.00** H2 Sep: 767-769 4.00 H1 Oct: 769-771 3...

Asian Daily Polyethylene Assessments - 16JUL,2010

p>CFR FE Asia On day (US$/mt) Change HDPE film 1024.00-1026.00 0.00 LDPE 1249.00-1251.00 -5.00 LLDPE 1032.00-1033.00 -2.50

Shell signs on Nigerian firms for marine services

Shell has awarded two Nigerian firms contracts to provide marine services at Shell's main Bonny and Forcados crude export terminals. The Shell Petroleum Development Company of Nigeria (SPDC) joint venture, which operates with Nigerian state-owned oil firm NNPC, awarded the ...

Chemical, petrochemical industry set to recover

The chemical and petrochemical industry is poised for recovery this year based on better overall performance in the first five months, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said yesterday. "For example, the production index of chemicals and chemical ...

China's Dalian port closed after pipeline explosions

China's key Dalian oil port in the northeast of the country is currently closed after two crude pipelines exploded on 16 July. A pipeline linking the port area to state-owned oil firm CNPC's 3.8mn bl bonded storage facility exploded shortly after a very large crude carrier (VLCC) ...

BP tests continue amid 'seepage' and anomalies

BP continued testing a new cap over its troubled Macondo well in the Gulf of Mexico, even as the government's top official over the spill called for vigilance after seepage was detected nearby and anomalies were detected at the wellhead. In a letter to BP Gulf coast restoration ...

Work starts on Russia's largest PVC plant

July 16-Construction has formally begun on Russia's largest integrated PVC production complex, with a planned polymer capacity of 330,000 tpa, in the country's Nizhny Novgorod Region. The Rusvinyl complex, a joint venture project backed by Russian group Sibur, Solvay and BASF, ...

Asian Styrene daily assessments - 16Jul,2010

p>(US$/mt) FOB Korea On day CFR China On day CFR Taiwan LC at sight Change LC 90 days Change LC 30 days Marker: 951.25-952.25 * 1.50 964.75-965.75 ** 5.00 961-963 ** H1 Aug: 940-941 6.50 961-962 ** 7.50 H2 Aug: 947-949 * 1.50 968-970 ** 2.50 H1 Sep: 955-956 * 1.50 976-977 2.50 H2 ...

Honam pays $1.25 billion for Titan in petrochemical deal

p>Korea's Honam Petrochemical Corp will pay W1.52 trillion ($1.25 billion) to buy a 72.6% stake in Malaysia's largest petrochemicals maker, Titan Chemicals Corp, the Korean company said in a statement late last week. It is Honam's first ever overseas purchase and Korea's largest ...

China eyes better grain harvest this year

World s leading grain producer, China said its overall production looks good for the year despite a low key summer harvest due to floods and droughts in main growing areas. In its latest report, China s National Bureau of Statistics said output of grain harvested this summer fell ...

Oil, gold fall on weak consumer sentiment

Oil and gold closed the week on a losing note mainly on sinking consumer sentiment. New York's main contract, light sweet crude for delivery in August, fell 61 cents on Friday to finish the week at $76.01 a barrel. London's Brent North Sea crude for September fell 82 cents to ...

Aramco, Dow extend project deadline-sources

KHOBAR Saudi Arabia, July 18 (Reuters) - Saudi Aramco [SDABO.UL] and U.S. group Dow Chemical Co (DOW.N: Quote) extended to Monday a deadline for companies to qualify for bidding to build a giant petrochemical project, industry sources said. The plant, which would be one of the ...

Kayan petrochemical complex to operate in Q3

(MENAFN) Officials at Saudi Kayan Petrochemicals Co said that the company expects to start trial operations at its petrochemicals complex's main units in the third quarter of this year, Reuters reported. Kayan, located in Jubail and a unit of Saudi Basic Industries Corporation ...

Strike yet to affect South Africa s RBCT coal exports

A strike at the Richards Bay Coal Terminal (RBCT) in South Africa has yet to affect the terminal, a RBCT spokeswoman said today. The strike by the Satawu trade union entered its fifth day today as the union pressed its demands for a wage increase of up to 12pc for some workers, ...

Central Banks: Gold s God

It seems the fate of gold is depended on central banks across the world. Till now, economic crisis looming over the global economy has been the biggest boost for gold prices as more and more people rushed to buy gold as a safe haven option. However, in the recent past central ...

China: China's Shandong Hongxin restarts PA line, keeps total runs at 80%

China's Shandong Hongxin Chemicals started up one of its 50,000 mt/year phthalic anhydride lines at the start of this week, and operating rates are "above 60% of capacity", a company source confirmed Friday morning. The source added that Shandong Hongxin is likely to raise ...

Asia: Higher European prices lure Mideast, US ethylene away from Asia

Higher European ethylene prices are luring Middle Eastern and US cargoes away from Asia, which was the target region for sales just a few weeks ago, said market sources Friday. In the past week, South East Asian ethylene spot prices have stayed flat at $797/mt CFR, while North ...

China: Nigeria, China launch third refinery project

State-run Nigeria National Petroleum Corp and China State Construction Engineering Corp have launched the third in a series of refinery projects agreed in May in a deal worth $23 billion, an NNPC official said Friday. "We have gone to inspect the land for the proposed site for ...

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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