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Europe naphtha cracks rise as front of curve enters backwardation

p>The spread between August and September naphtha swaps in the over-the-counter-market in Europe has flipped into backwardation as naphtha cracks continue to rebound, sources said Thursday. The August naphtha crack swap was pegged at around minus $1.50/barrel Thursday morning, a ...

Dalian likely to start operation of 300,000-DWT crude jetty in Changxing Island in late 2011

Dalian is expected to begin operation of a 300,000-DWT crude jetty in Changxing Island in the end of 2011, according to source with Dalian port. The crude jetty, co-invested by Dalian Port Group and Dalian Changxing Island Harbor Industrial Zone, came under construction on Mar 16...

China: Sinopec Fuel Oil to launch inner-trade bunker supply

Sinopec Fuel Oil Co plans to start inner-trade bunker supply in the near term, a source with Sinopec said on Thursday. "The company has almost finished market research. Under the preliminary plan, it will focus on bunker fuel oil wholesale trading," the source said. This move ...

China: Freight rates for shipping fuel oil southwards stable to higher over growing demand

The freight rates for delivering fuel oil from northern China to East and South China have been steady to slightly higher recently over increasing demand, a survey with ship owners found. For 3,000-DWT oil tankers moving from Dalian to Zhoushan, the freight rates were Yuan 90-100...

China: Sinopec expected to lift naphtha ex-refinery prices by Yuan 310/mt in Sep

Sinopec is expected to raise naphtha ex-refinery price of its underlying refineries by Yuan 310/mt to Yuan 5,320/mt in September, according to its pricing formula. The ex-refinery price for naphtha to be supplied to eastern chemical enterprises by Tahe Refinery would be lifted ...

Vietnam's PVGAS cancels buy tender for refrigerated LPG

Vietnam's PVGAS cancelled its latest buy tender for refrigerate LPG late Thursday because of high offers, according to a company source. An international trader revealed that about 4 companies had bidden for the tender, with the highest quotation of September CP plus US$36-39/mt, ...

China: Yantai Spandex: Spandex Business Profits Shrink

The current relatively healthy status of spandex industry is predicted to last in the following half and one more year. Spandex output would increase by around 60-70kt in 2011. In 2009-2010, 61kt/y spandex capacities mushroomed in domestic market, of which 5-6kt/y capacities ...

BASF to Build Dispersions Plant in Huizhou to Better Serve Growing Markets in South China

BASF will invest in a dispersions plant in Daya Bay Petrochemical Industrial Park in Huizhou, China. With an annual capacity of 100,000 tons, the new plant will produce XSB dispersions for the paper industry and acrylic dispersions for industries such as coatings, construction, ...

China: MDI Industrial Profit Probably to Shrink in H2

A latest research paper from KGI Securities China said that demand for MDI increased sharply in 2010, driven by the surging exports in automobile, home appliance and textile industries. And according to customs data, in the first half of this year, China MMDI net imports growth ...

Ningbo to beef up logistics sector

Mainland's second-largest port city of Ningbo plans to increase the competitiveness of its logistics industry by making it a more information-based port. Ningbo plans to build an information platform linking 5,000 logistic companies in the city in the next three years. "It's like ...

China: Sinochem Signs Cooperation Agreement with Specialties Firm

p>Changda International Holdings, Inc. (OTCBB: CIHD) the Weifang based specialty chemicals manufacturer and fertilizers producer has entered into a comprehensive agreement for its products and raw material purchases with Sinochem, one of China's biggest chemical companies. Under ...

China lists carbon reduction areas

Prior to its plan to set up carbon exchange centers, China s National Development and Reform Commission (NDRC) said it has selected a series of pilot carbon cities to address country s carbon emissions issues. The NDRC has selected five provinces, Guangdong, Hubei, Liaoning, ...

Pertamina and Kuwait Petroleum Link in Refinery and Petchems JV in Java

p>Pertamina (Jakarta), Indonesia's state owned energy company, has signed a memorandum of understanding with Kuwait Petroleum International (Kuwait City) to build an oil refinery at Balongan, West Java, Indonesia. Indonesia's industry minister Mohamad S. Hidayat said that the ...

US September PA prices to increase 1 cents/lb on August OX hike

p>The US phthalic anhydride molten contracts are to increase 1 cent/lb in September to 57.5 cents/lb delivered following the 1 cent/lb increase in August's orthoxylene contract, according to industry sources. US PA contracts automatically move at a one-month lag to changes in the ...

Taiwan Formosa local butadiene deliveries almost back to normal

p>Taiwan's Formosa Petrochemical Corp. was gradually resuming regular deliveries of butadiene and propylene to its end-user customers in Kaohsiung,after delays earlier this week due to road blockages by protesters, a company source said Friday. Formosa supplies butadiene and ...

US over-the-counter coal continues declines in lower volume

p>Over-the-counter coal markets in the US generally followed energy prices lower on Thursday. Short-dated NYMEX look-alike traded at $65.50/st, unchanged from Platts' assessment Wednesday, while long-dated calendar year 2011 traded at $69.50/st, down 5 cents from the prior ...

Australian producers offer coking coal priced off spot indices

p>Several buyers of coking coal and metallurgical coke in Australia and India have told Platts they have received some offers from Australian miners to purchase material either spot or on contracts, priced off spot coking coal indices. This marks a further step away from ...

US lawmakers propose cutting funds for Weaver's Cove permitting

p>Two members of the US House of Representatives from Massachusetts said Thursday they hoped to kill the proposed Weaver's Cove liquefied natural gas terminal by introducing legislation to cut off federal funding for the permitting process. Representatives Barney Frank and Jim ...

Indonesia says work on Inpex Masela gas block may start 2011

p>Indonesia's upstream regulator BPMigas Thursday said Japan's Inpex may start construction at the Masela gas block project next year. The project is expected to be onstream in 2016, a senior official said. "An economic study on [the] Masela block development ... said that the ...

UK GAS: Bacton reduction offers support as Langeled flows double

p>UK prompt gas prices were supported Friday by a sharp reduction in flows on the Bacton Shell pipeline, outweighing any potential bearish sentiment that would have been caused by a doubling of flows through the Langeled pipeline,traders said. Within-day gas was up just 0.10 p/th ...

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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
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world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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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
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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
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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