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Asia:USDA revises up India's soybean output estimation

US Department of Agriculture (USDA) has revised up India s soybean output estimation by 5% for 2010-11 to 9.2 million tons from its last month projection. Area is forecast at 9.5 million hectares, up 0.5 million or 6 percent from last month, but down 0.1 million or 1 percent from ...

Asia:Vietnam textile industry set to achieve target early

Vietnam Textile and Apparel Association said country s textile and garment industry will meet its annual export target of $10.5 billion by November. According to the Association, the industry would earn more than $1 billion each month in the fourth quarter. September was the ...

Asia:Only surplus cotton to be exported: Minister

Cotton exports will be there in cards only after the domestic requirement is met, said India s Textile Minister pacifying the apprehension of textile industry on Friday. Minister Dayanidhi Maran said the government would not allow the export of cotton above the 55 lakh bales on ...

Americas:Carbon Capture Institute in Australia gets US funding

The Global Carbon Capture and Storage Institute set up in Australia has received a grant of US$500,000 from the US State Department. Welcoming the decision of the US State Department, Australian Prime Minister Julia Gillard said it was a tangible vote of confidence in the ...

SOLVAY : Solvay will expand compounding capacity for specialty polymers in China

p>EUR 21 million investment in new capacity to satisfy surging demand Solvay announces today that it has decided to build a specialty polymers compounding plant at its site in Changshu in the province of Jiangsu, China. Start-up of the plant is expected in the last quarter of ...

China's Tianjin Dagu delays startup of 200,000 mt/year ABS plant

p>China's Tianjin Dagu has deferred the startup of its 200,000 mt/year acrylonitrile-butadiene-styrene project in Tianjin to later this month, from late September, due to delays arising from the recent national holidays as well as "minor technical issues", said a company source ...

Americas: US toluene, MX spread narrows from 20 cents to 12 cents

p>The spread between US toluene and mixed xylenes narrowed to roughly 12 cents/gal ($4/mt) on Thursday morning. For more than a week from September 27 to October 6, mixed xylenes averaged a roughly 20-cent premium to toluene. Mixed xylenes were supported by a nearly open ...

Europe: Prompt NWE naphtha commanding double-digit premiums vs swaps

p>The prompt open specification naphtha market in Europe exhibited double-digit premiums versus swaps on Thursday, surpassing six-month highs. The last time premiums were over $10.50/mt versus swaps was on June 14, according to Platts data. The naphtha market is very strong in ...

Europe: EURO GAS: UK, Dutch prices stable to stronger early Monday

p>UK NBP and Dutch TTF gas prices were looking stable to stronger Monday morning, compared with the previous week's closing levels. At 09:20 UK time (0820 GMT) the UK within-day price was 43.25 pence/therm and day-ahead 44.00 p/th, up from a closing price for Monday's gas of 41...

Baosteel plans steel price rise

Baoshan Iron and Steel Co, China's largest steel maker, said it will increase steel plate prices for May after iron ore prices climbed. The price for cold-rolled products will rise by 200 yuan (US$29) a metric ton while the hot-rolled plates price is unchanged. Electric steel ...

Americas: US releases post-Macondo drilling rules; to boost costs $183 mil/year

p>New offshore drilling rules were released Friday, with US regulators requiring negative pressure tests on wells for the first time and imposing new requirements for cementing and well control procedures. The publication of the rules in the Federal Register, which will occur ...

Asia: China's CNOOC buys 33% stake in Chesapeake's Eagle Ford Shale

p>Chesapeake Energy has agreed Monday to sell a one-third stake in its Eagle Ford Shale project in southern Texas to China National Offshore Oil Corp. for just over $2 billion, a deal which one analyst said was a win-win strategy for both companies. "The market is reacting very ...

Middle East: WRAP: Iran's oil reserves revised up to 150.31 billion barrels

p>Iranian oil minister Masoud Mirkazemi Monday announced a 9% increase in the OPEC's state's crude oil reserves to 150.31 billion barrels, putting Iran's reserves above recently revised Iraqi reserve estimates and setting the stage for what could potentially become a tussle over ...

China: PetroChina Dagang Petchem plans to consume 380,000mt of crude in Oct, flat on month

p>PetroChina Dagang Petrochemical arranged to refine 380,000mt of crude in October, flat from one month earlier, a refinery source said. The refinery was now in normal operation, with scheduled output of gasoline and gasoil totaling 283,000mt, down 2,700mt or 0.9% on month, the ...

China: Japanese oil major to resume base oils supplies to China in Oct

p>One of the biggest oil majors in Japan was slated to supply 3,000mt of base oils to China in October, mainly 500SN and 150BS grades, revealed a source with the Japanese oil giant. The company had suspended spot supplies to the international market for three months, rounding up ...

Iron ore suppliers mull monthly pricing plans

Once Rio Tinto, BHP Billiton and Vale, the world's three leading iron ore giants, assume the monthly pricing plan and the index pricing plan, they will put Chinese steel mills in even more difficult situation. The fall of iron ore's stock price and market demand have not ...

China: S. China's Shenzhen yet to implement GB IV automotive gasoline standard

p>Shenzhen City in South China's Guangdong Province did not put into effect GB IV automotive gasoline standard as scheduled on Oct 1, a survey found. The Shenzhen municipal government is yet to release document on implementation of GB IV automotive gasoline standard and there is ...

China: Shandong independent refineries' coker run rate surges to 61.6% this week

p>Shandong independent refineries' coker run rate surged by 10.6 percentage points to 61.6% from two weeks ago, with restart of cokers in two refineries and launch of new cokers. Petcoke sales were smooth during the past two weeks, as most downstream plants were active in ...

China: Sinopec Jiujiang Petchem commences construction of two CFB boilers mid Sep

p>Sinopec commenced construction of two CFB boilers in Jiujiang Petrochemical on Sep 13, revealed a source with the oil major. The project would be completed in 2012, he said. The two CFB boilers each would have a petcoke or coal consumption capacity of 220mt/hour, the source ...

China: PetroChina Huabei Petchem's Oct crude oil throughput target rises tad to 420,000mt

p>PetroChina Huabei Petrochemical is slated to refine 420,000mt of crude oil in October, slightly up 10,000mt from the previous month, a refinery source said. The slim decline was mainly due to one more calendar day, the source explained, adding the refinery will continue to run ...

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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