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China: Sinopec Ji'nan Refinery to keep crude throughput stable at 390,000mt in Jan

Sinopec Ji'nan Refinery is slated to refine 390,000mt of crude in January, flat with the previous month, according to a refinery source. The refinery has started to build a 3-mil-mt/yr crude distillate unit and is expected to bring it on stream in 2011, the source revealed, ...

Ameircas:Oil moves up on positive US, Europe data

Global oil prices advanced in Asian trade Tuesday mainly on indications of strong manufacturing growth in both the United States and the eurozone. Light sweet crude for February delivery was seen trading at $91.64 a barrel at 1.00 p.m Singapore time while Brent crude for February ...

Middle East:Tamil Nadu urged to establish SEZ for solar devices

A report published by Confederation of Indian Industry (CII) and Tamil Nadu Energy Development Agency (TEDA) urges the State Government to establish Solar Specific Special Economic Zones to facilitate indigenous manufacturing of solar devices. In view of the holistic development ...

Ameircas:US plans to allocate more funds to fuel cell research

To be competitive in the growing clean energy economy, US plans to assign more funds in the field of fuel cell research. Funding for fuel cell research in the United States will help the country stay ahead of the curve in greening up its economy, the Department of Energy said. ...

Asia:Oil slips in Asia on OPEC remarks

Global oil prices eased Monday in Asian trade, first day after the Christmas holiday, despite OPEC said it would not increase output quotas. Light sweet crude for February delivery was seen trading at $91.29 a barrel at 12.30 p.m Singapore time while Brent crude was at $94.11 a ...

Asia: Steep rise in Chinese xylene imports December 23, 2010 (China)

Data released from the Chinese Administration of Customs reveals that, China imported 300,800 tons of xylene in November 2010, up a steep 32.63 percent from the previous month and import value reached US $351 million. The country also imported 410,700 tons of PTA in November 2010...

Asia: A new BDO plant to come up in Sichuan province

A Chinese source informed a polymerupdate team member on a new butanediol (BDO) plant to be built by Sichuan Tianhua Fubang Chemical Co Ltd. The source said, "located at Luzhou, Sichuan province in China, the BDO plant has a production capacity of 25,000 mt/yr. Currently, the ...

Asia: Ethylene prices inch higher in North East Asia

High upstream naphtha costs pushed spot prices of ethylene higher in some parts of Asia on Wednesday. In North East Asia, CFR prices of ethylene firmed and were assessed up at the USD 1180/mt levels. Offers were pegged at the USD 1200/mt CFR mark. A trader in Hong Kong when ...

Asia: Chinese chemical fiber output up in Nov December 23, 2010 (China)

China's chemical fiber output reached 2.883 million tons in November 2010, an increase of 12.2 percent year on year and also an increase of 3.56 percent from the previous month, according to the National Bureau of Statistics. China s cumulative chemical fiber production achieved ...

Asia: Weak PE, PVC demand in India weighing on sentiment in Asia

Players in India report that demand for PE and PVC is weak in the country these days owing to the lingering effects of a prolonged monsoon season. As demand for these products generally picks up during the last months of the year following the Diwali holidays, unseasonably weak ...

Asia: Far Eastern, Sinopec Yizheng to build 1 mil mt/year PTA plant in China

Taiwan's Far Eastern Group will build a new 1 million mt/year purified terephthalic plant at Yangzhou, Jiangsu province, at a cost of Yuan 3.8 billion ($573 million) in a joint venture with China's Sinopec Yizheng Chemical Fibre, a company source said Friday. Construction was ...

Americas: Southern rolls January USG methanol CP at $1.29/gal to Dec

Methanol distributor Southern Chemical Corporation (SCC) Monday rolled over its January contract price at $1.29/gal FOB US Gulf, company sources said. After discounts and rebates of 9%, the January contract price would be close to 117.39 cents/gallon. Southern distributes in the ...

Europe needs subsidies to make unconventional gas competitive: study

Governments will need to provide fiscal incentives, and perhaps a specific tax regime, to make production of unconventional gas commercially attractive in Europe, according to a study published by the Oxford Institute for Energy Studies. The study, "Can unconventional gas be a ...

Americas: NYMEX crude opens 42 cents lower, tracking US equity indexes

NYMEX February crude futures opened 42 cents lower at $91.09/barrel Monday, tracking equities and in reaction to China's 25-basis point rate hike over the weekend. In an attempt to contain inflation, the People's Bank of China raised rates by 25 basis points to 5.81%, with a ...

China levies no consumption taxes on biogasoil

China exempted consumption taxes on biogasoil produced from waste animal fats or vegetable oils, according to the Ministry of Finance and the State Administration of Taxation. The new policy is effective from Jan 1, 2009 and taxes already paid will be refunded, the MOF said in an ...

China: Guangdong ranks as China's top LPG consumer in 2010

South China's Guangdong Province was the largest LPG consumer in China in 2010, consuming 5.58-mil mt, accounting for 23.37% of the total, C1's data showed. The province is highly developed with dense population in China, which explained the top rank. Guangzhou, the capital city ...

China: Sinopec Dongxing Refinery to refine 420,000mt of crude in Jan, flat on month

Sinopec Dongxing Refinery is scheduled to process 420,000mt of crude in January, nearly unchanged on month, according to a refinery source. The refinery set crude throughput target for the whole year of 2011 at 4.85-mil mt thanks to no turnaround plan, the source said. Dongxing ...

China: Sinopec Qingdao refinery to keep daily crude throughput stable at 27,000mt in Jan

Sinopec Qingdao refinery is slated to process 850,000mt of crude in January, with daily consumption basically flat with the previous month, a refinery source told C1. The refinery delayed refining capacity expansion project by two months to August 2011, the source revealed, ...

China: PetroChina Guangxi Petchem to take over LPG sales business of Qinzhou Dongyou Refinery

PetroChina Guangxi Petrochemical is expected to take over LPG sales business of Qinzhou Dongyou Refinery in 2011, a source with the latter refinery told C1. Handover was underway at the moment, the source said. It will be a step forward for PetroChina to consolidate LPG wholesale ...

Europe:Escalation of Ivory Coast conflict will trigger cocoa prices, Rabobank

Growing political crisis in Ivory Coast should send cocoa prices higher as the West African nation produces nearly 40% of the world's raw cocoa, Rabobank warned in its latest Agri Commodity market report. Rabobank predicts that in 2011, the global cocoa market is going to be ...
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