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China Jiangsu Sanmu runs new PA plant near full rates after startup

p>China's Jiangsu Sanmu Group Corporation, which started up its new 50,000 mt/year phthalic anhydride plant in Yixing, Jiangsu province, in late August, is now running the plant at close to full capacity, a source close to the company said Wednesday. The startup of the plant was ...

Europe: NWE spot benzene prices rebound after early day fall

p>Spot Northwest European benzene prices rebounded from an early morning fall, although the market still lost ground on the previous day's assessed level Wednesday morning. After closing at an assessed level of $885/mt Tuesday, sources initially reported 1,000 metric tonne CIF ...

Europe: Russia to export over 15 mil mt/yr of coal to China over 25 years

p>Beijing and Moscow have agreed on supplies of at least 15 million mt/year of Russian coal to China over the next 25 years, with Beijing to provide Moscow with a $6 billion loan to finance development of coal projects, Russia's energy ministry said late Tuesday. The announcement ...

Americas: Analysts see low US gas prices continuing for another year

p>Low natural gas prices have cast a pall on industry executives, investment analysts said Tuesday, predicting that the market won't begin firming until late next year. "When does the gas pain train stop?" was the most common question in Oklahoma City, analysts at Tudor Pickering ...

Americas: Analyst bullish on US gas prices, says market too bearish

p>Energy analyst Craig Shere said Wednesday he is bullish on natural gas prices going forward, saying market bears are missing some subtle signals that demand for gas will increase while production slows down. Shere thinks the NYMEX gas forward strip could rise as much as $1...

Asia: India's ONGC to produce further 15 mil cu m/day of gas in 3-4 years

p>India's largest upstream oil company, Oil and Natural Gas Corp., is expecting additional gas production of around 15 million cubic meters/day from three blocks off the country's west coast within three to four years, a senior company official said Wednesday. To support the ...

Europe: Ukraine targets gas prices, transit fees in talks with Russia

p>Ukrainian President Viktor Yanukovych has instructed the government to seek not only lower Russian gas prices, but also higher tariffs for shipment of Russian gas to Europe, a senior official said late Wednesday. Serhiy Liovochkin, the chief of staff at the Yanukovych ...

Americas: ANALYSIS: Apache emerges as primary Macondo beneficiary

p>Aggressive US E&P company Apache Corporation appears to have emerged as the only sure corporate winner so far from the Macondo crisis, which has given Apache the opportunity to become the largest US independent through acquisitions from BP. "That's not a stretch at all," ...

Asia: Brightoil takes 3-year lease on Singapore oil products storage

p>Hong Kong-listed Brightoil Petroleum has taken a three-year lease on oil products storage capacity in Singapore, the company said in a statement issued Thursday in response to a stock exchange query. Brightoil said it had noted the recent increase in its share price but was not ...

Europe: Buzzard level in North Sea Forties blend decreases to 35%: BP

p>The proportion of higher-sulfur Buzzard crude entering the North Sea Forties Pipeline System fell 4 percentage points to 35% in the week ending August 29 from the week of August 16-22, FPS operator BP said on its website Thursday. Because the Buzzard field inputs sour crude ...

Evonik Industries: Worldwide Price Increase for Silica Products

p>Beginning October 1, Evonik Industries' Inorganic Materials Business Unit will raise prices for precipitated and fumed silica products, special oxides, and matting agents worldwide by up to 8 percent. The price increase was prompted by the rising costs for regulatory issues, ...

China's Largest PU Machinery Production Base to be Completed in Wuhuan in Late 2010 or Early 2011

p>According to China United Equipment Group Co., Ltd Wuhan Plastic Machinery General Factory, its polyurethane machinery project would be completed in late 2010 or early 2011. The factory laid the groundwork of its polyurethane machinery production base in Wuhan High and New Tech ...

Europe: Perstorp's France TDI Unit is In Restart Phase

p>Sweden's Perstorp was working on the restart of its 125,000 tonne/year toluene di-isocyanate(TDI) facility at Le Pont-de-Claix, France, last Monday following an unexpected outage caused by insufficient key raw materials from its third-party supplier. The plant had been down for ...

EU worried over Russia-Poland gas deal

The European Union said it remained concerned over a gas deal between Russia and Poland. The EU said terms for access to a gas pipeline under a deal between Russia s Gazprom and Poland s PGNiG may breach European competition law. The two companies struck an agreement in January ...

Oil slips towards third straight weekly drop

World oil prices dropped below $75 a barrel in Asian trade Friday after overnight gains on positive US economic data that boosts energy demand. Light sweet crude for October delivery was seen trading at $74.81 a barrel at 11.30 a.m Singapore time while Brent crude declined to $76...

China: Sinopec Qingdao Refining & Chemical to expand topping capacity to 11-mil-mt/yr in Jul'11

p>Sinopec Qingdao Refining & Chemical is expected to expand its preliminary crude processing capacity to 11-mil mt per year (220 kbd) by July 2011, a refinery source said. The refinery would shut all units for a 45-day overhaul from June 2011, the source said. The source also ...

China: New fuel oil consumption tax policy may conducive to popularization of CPP technique

p>The catalytic pyrolysis process (CPP) technique is expected to spread faster in China after the Chinese government released a policy on consumption tax of fuel oil used to produce ethylene and aromatics, a survey found. Construction of CPP facilities may boom in China in the ...

China: Operation rates of Shandong independent refineries rise slightly

p>Independent refineries in Shandong Province run at 44.3% on average Thursday, slightly up 0.3 percentage point from one week ago, 6.3 percentage points higher than a year earlier, a survey found. Market sources ascribed the slim rise to better refining margins on high product ...

Americas: US participants monitor possible mixed xylenes arbitrage to Asia

p>US participants monitored a mixed xylenes arbitrage to Asia that was near opening on Wednesday. The FOB Korea price for H1 November shot up $13 to $812/mt, supported by bullish sentiment for paraxylene in the fourth quarter. Asian PX marched up $17 to $960/mt FOB Korea for ...

Asia: South Korean automobile industry driving demand for domestic MEG

p>South Korea's automobile industry is driving up demand for monoethylene glycol as it experiences strong sales growth this year, market sources said this week. MEG is used in the production of antifreeze fluid used in automobile radiators. One South Korean MEG producer said that ...

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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