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China: PetroChina Daqing refinery to halt LPG supply mid-Aug on turnaround

PetroChina Daqing Refining & Chemical is expected to suspend LPG supply from Aug 17, when it would go into a 40-day overhaul, according to a refinery source. The refinery recorded hefty LPG stock due to dull sales by rail, although demand from local market was stable, the source ...

Danish freight forwarder opens Chengdu office

Damco, the Denmark-based freight forwarding arm of A.P. Moller-Maersk Group, officially announced the opening of its office in Chengdu, Sichuan Province on Wednesday. Damco, one of the world's largest logistics and supply chain management companies, employs over 1,000 staff in ...

China: PetroChina Urumchi Petchem yet to put on agenda 10-mil-mt/yr expansion project

PetroChina's 6-mil-mt/yr Urumchi Petrochemical is yet to put on the agenda 10-mil-mt/yr oil refining capacity expansion project, according to a refinery source. The refinery has completed construction of 1-mil-mt/yr aromatic hydrocarbon unit, expected to bring it on stream on Aug ...

China: Dalian Wepec again cuts crude runs by 20% on unstable feedstock supply

Dalian Wepec had to again reduce crude throughput by 20% to 19,000mt a day (140 kbd), because of unstable crude supply caused by limited capacity of backup jetty, a source with the refinery told C1 Friday. The refinery may continue to maintain low crude runs in the near term, ...

China: releases new detailed rules on "other fuel oil" consumption tax; imports may affected

The General Administration of Customs recently promulgated more detailed rules on consumption tax on imported "other gasoil and fuel oil" (HS code: 27101929). According to the new rules, 1 kilogram of the product, which is the first statutory unit of measurement, is equal to 1...

China's Furniture Market Saw Large Sales Pressure in H1, 2010

Ministry of Industry and Information Technology of the People's Republic of China claimed that due to expanding impact of real estate control policies, the sales volume of building and decoration materials as well as furniture in domestic top 100 largest retailing enterprises ...

China imports 1.28-mil mt of LPG in H1, down 46.69% yoy: GAC

According to data from the General Administration of Customs, from January to June, the total amount of imported LPG for China plummeted by 46.69% compared to the same period last year to 1.28-mil mt. Market sources ascribed the sharp decline to high output of domestic refineries ...

America: Invista mulls sale of its polymer and resin assets in North America

Invista, USA s polyethylene terephthalate (PET) producer, is considering the sale of its polymer and resin assets in North America, as per ICIS. Invista's polyester and resin business includes products such as PET, dimethyl terephatlate (DMT) and specialty polymers. A market ...

China: Sinopec Jiujiang Petchem to shut FCC for maintenance end Jul

Sinopec Jiujiang Petrochemical plans to close a fluid catalytic cracker for 15-20-day maintenance end July because of glitch, a source with the refinery told C1, adding its crude throughput for August would drop accordingly. Jiujiang Petrochemical has two FCCs with annual ...

China: CNPC, Kazakh gas company to tap Caspian reserves

The China National Petroleum Corporation (CNPC) announced on Jul 11 it has signed an agreement with the Kazakh gas company KazMunayGas to jointly build the second phase of a gas pipeline in a bid to tap gas reserves in southern Kazakhstan. The agreement concerns design, financing...

China: Probe into EVA Market

The situation of whole economic market is not optimistic, with ups and downs in crude oil and futures prices and limited transactions in plastics market. Look back into EVA market, the prices had been high for long time. Import prices fell sharply late last month and had no ...

China June Pure Benzene Import & Export Statistics

Import: According to statistics from customs house, China s total import volume of pure benzene was 12146.455 tons in June, for a value of $ 11.183639 million, giving an average unit price of $920.73/ton. From Jan-Jun, accumulated import volume totaled 119052.426 tons, for a ...

China: ChemChina to Construct MDI and TDI Projects in Shanxi Province

In recent days, leaders of Yangao County in Datong City, Shanxi Province reached an agreement with Ren Jianxin, general manager of ChemChina to establish 50kt/y chloroprene rubber, 180kt/y TDI, 200kt/y MDI and 15kt/y ADI projects in Yanggao Longquan Industrial Park. After the ...

2010 International SNG/CBM Summit Meets You Urumchi

In recent years, with the international community s concerns to the global warming issue, as well as the pace of energy saving and emission reduction accelerating and a worldwide energy shortage, the coal-based synthetic natural gas(SNG) and coalbed methane(CBM) industry started ...

Oil spill to fuel poor BP results but big chill heats gas profits

THE biggest crisis in BP's long history threatens to tip the oil giant into the red for the first time since 1992 on Tuesday as it gives more details on the havoc wreaked by the Gulf of Mexico spill. Rival Royal Dutch Shell's results on Thursday should be far less eventful, with ...

Iraq gas field auction may be delayed: Shahristani

Iraqi Oil Minister Hussein al-Shahristani said Sunday that an auction of three gas fields originally scheduled for September 1 was being reviewed and may be delayed because a contract model has not yet been finalized. "The date of the event is currently being reviewed and we will ...

America: Solutia posts higher Q2 sales, profit

Solutia Inc. said its second-quarter profit more than tripled from last year s period, as sales rose more than 26 percent. For the quarter ended June 30, the company reported net income of $41 million compared to net income of $10 million in last year s quarter, primarily due to ...

2010 International SNG/CBM Summit Meets You Urumchi

In recent years, with the international community s concerns to the global warming issue, as well as the pace of energy saving and emission reduction accelerating and a worldwide energy shortage, the coal-based synthetic natural gas(SNG) and coalbed methane(CBM) industry started ...

Japan s Cosmo Oil outlines refinery run cuts

Japanese refiner Cosmo Oil plans to cut its refinery runs during August and September by nearly 47,000 b/d to 412,000 b/d, compared with around 460,000 b/d for the same period last year. The run cuts are a continued response to Japan's weak demand for refined products. Cosmo ...

Diesel premiums rise amid firmer Asian market

Sri Lankan refiner Ceylon Petroleum (Ceypetco) has bought 0.25pc sulphur diesel at a higher premium than its previous purchase, amid a firming Asia-Pacific market even with limited arbitrage prospects. Ceypetco paid a premium of $1.23/bl to Mops on a cfr Colombo basis for the 300...

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china

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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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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
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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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 ...
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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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