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UK GAS: Prompt calms ahead of weekend, ignores Langeled reduction

UK gas prices calmed Friday ahead of the weekend despite a 25% cut in Langeled flows as supply margins were comfortable, traders said. The day-ahead contract was changing hands at around 43 pence/therm by 1200 London time, just 0.20 p/th above Thursday's close, while within-day ...

S Korean refiners hike run rates on higher middle distillate margins

South Korean refiners have all raised their run rates in August, amid better cracking margins, especially for middle distillates, refining and trade sources said Friday. S-Oil has raised its run rates to almost 100% from 91-92% in July at its 580,000 b/d Onsan refinery in the ...

Italy to enforce offshore drilling ban August 26: UK explorer

Legislation to ban offshore drilling close to the Italian coast is to come into force on August 26, forcing a number of small upstream companies, including the UK's Mediterranean Oil and Gas, to revise their exploration plans. At the start of July, Italy approved a decree to ban ...

China's Shoe Export Value Up 23.6% in Jan-Jul

According to customs data, China s total import and export value in Jan-July reached $1617.05 billion, up 40.9% compared with the same period last year. Total export value climbed up by 35.6% to $850.49 billion while total import value surged by 47.2% to $766.56. Trade surplus ...

Rising prices dim shining allure

Demand for platinum jewelry in China is expected to tumble 21 percent this year as rising prices eat into retail buying, an industry report said yesterday. The demand is expected to fall to 51.3 tons this year, Britain's Johnson Matthey, a chemical company, said yesterday in ...

China: Yantai Juli's 45kt/y TDI Facility Probably to Put on Stream in Q2, 2011

Yantai Juli Isocyanic Ester Co., Ltd. s 45kt/y TDI facility being constructed in Laiyang city, Shandong was predicted to put into operation in the second quarter of 2011. By that time, total TDI capacity of the company would reach 70kt/y. Yantai Juli Isocyanic Ester Co., Ltd.is a ...

BASF Declares End of Force Majeure on Plastomoll DNA, Palatinol N, Hexamoll DINCH and Selected Palamoll Grades

Ludwigshafen, Germany BASF SE has fixed the causes for the Force Majeure for its iso-Nonanol- (INA) based plasticizers produced in Ludwigshafen, Germany, and can hence declare the termination of Force Majeure. The Force Majeure was originally announced on July 21, 2010, due to a ...

Albemarle CFO Diemer resigning

BATON ROUGE, La. (AP) -- Specialty chemical maker Albemarle Corp. announced Thursday that Senior Vice President and Chief Financial Officer Richard Diemer is resigning to pursue another business opportunity. Richard Fishman, who is vice president, treasurer and chief tax counsel, ...

The Third Development Summit Forum of "fluorite - Fluorine Chemical" Industry

div>2010 is the last year to implement the "Eleventh Five-Year Plan" and also is the key year to establish the foundation for "Twelfth Five-Year Plan " development. Fluorine Chemical Industry Zones across the country take this opportunity to do well " Twelfth Five-Year Plan ", ...

NCFI Announces Spray Foam Price Increases

MOUNT AIRY, NC Due to price increases of raw materials incurred since the beginning of the year, NCFI Polyurethanes must raise the price of its polyurethane systems. Therefore, effective for all North American shipments made on or after September 13, 2010 or as contracts allow, ...

China's Tianjin Dagu to delay ABS trial runs until mid-September

China's Tianjin Dagu is expected to delay test runs at the company's first 200,000 mt/year acrylonitrile-butadiene-styrene project at Tianjin from mid-August to the first half of September, a company source said Friday. The latest schedule indicates that commercial ABS cargoes ...

California funding for Pacific Ethanol may help restart production

US' Pacific Ethanol said Wednesday that its two production facilities at Madera and Stockton have been accepted by the California Energy Commission to participate in the California Ethanol Producer Incentive Program. Pacific Ethanol's plants in California have a combined ...

NWE ethanol supply chains disrupted over denaturant concerns

The lack of clarity on the level of denaturant accepted in fuel ethanol is leading to rejection of product delivered and non-performance in supply chains in the Northwest Europe ethanol market, according to sources. "The supply chains are a mess. Some people are rejecting cargoes ...

China: Ningxia Baota Petchem to double Luhua refinery's LPG production capacity late Aug

Baota Petrochemical Group in Northwest China's Ningxia plans to start operation of some new units in its Luhua refinery in late August and double this refinery's daily LPG production capacity to about 500mt, according to a source with the company. These units comprise a 1.5-mil...

PetroChina Kunlun Gas, Lanzhou Gas establish joint venture

PetroChina Kunlun Gas has lately established a joint venture with Lanzhou Gas Corporation in Northwest China's Gansu Province. After asset restructuring, PetroChina Kunlun Gas and Lanzhou Municipal Government each hold 50% of shares of the new company. This cooperation is ...

China: Sinopec Wuhan Petchem likely to boost crude throughput by 70% in 2013

Sinopec Wuhan Petrochemical is likely to boost its crude throughput by about 70% in 2013, as it will make full use of 8.5-mil-mt/yr annual topping capacity after bringing some secondary units on line in the first half of the year, according to a source with the refinery. These ...

Singapore's bunker sales hit record high in five consecutive months

After climbing 1% on month to 3.56-mil mt in July, Singapore's bunker sales volume set record high for five consecutive months, according to the data from the Maritime and Port Authority of Singapore (MPA). Singapore's bunker sales grew in July when bunker suppliers cut prices to ...

China: PetroChina to bring on stream Qinzhou refinery end Aug as scheduled

PetroChina is expected to put Qinzhou refinery in Southwest China's Guangxi region into production end August on schedule, a source with the refinery said, adding the refinery was still under trial run at present. Qinzhou refinery will be the second Chinese refinery equipped with ...

China: Premium hard coking coals still in demand in China

Chinese steelmakers' continued appetite for higher grades of hard coking coal contributed to a rise in coking coal spot prices into the country Friday. Platts increased its Chinese import price for mid-vol HCC by $3/mt to $191/mt CFR North China. Both the Australian export price ...

Chinese molder Plastec to go public after GSME deal

Hong Kong-based electronics injection molder Plastec International Holdings Ltd. will go public on a U.S. stock exchange following a $73.4 million deal with a Cayman Islands-based holding company. Plastec was founded in 1993 and conducts business under the name Sun Line ...

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 ...

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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 ...

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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 ...
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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