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Pure Benzene Market Comments and Forecast(Sep 3)

p>The refineries prices rised this month. The offers of Sinopec East China Sales Company , North China Sales Company and Central China Sales Company rised to 6800 yuan / ton by 200 yuan / ton. The offers of Sinopec South China Sales Company rised to 7200yuan / ton by 600 yuan / ...

NYMEX crude oil Market Comments and Forecast(Sep 3,2010)

International crude oil in August fell into a trough from the peak and experienced a violent fluctuation. The crude oil price after a interval of three months breaked $80/barrel gate and stood above $82/barrel. However, as the same as our previous forecast, the crude oil price ...

Methanol gasoline Market Comments and Forecast(Sep 3)

This month, domestic methanol gasoline market was slightly weaker, and the prices was basically stable and slipped in a small range. International crude oil in August fell into a trough from the peak and experienced a violent fluctuation. Following the international crude oil ...

Americas: Duke Energy raises amount of coal-fired capacity it will retire

p>Duke Energy Carolinas told state regulators it expects to retire 890 MW more coal-fired capacity by 2015 than it projected last year, largely in response to stricter federal pollution controls. In an integrated resource plan filed with state regulators Wednesday, the utility ...

Americas: US benzene afternoon ranges rise 3 cents/gal on late crude rally

p>US benzene ranges on Thursday afternoon rose roughly 3 cents/gal ($9/mt) relative to morning bids and offers as crude saw an afternoon rally. This morning, September and October spot benzene was talked between 288-291 cents/gal DDP USG. Just ahead of the Platts Market on Close ...

Asia: Indonesia Tri Polyta delays PP plant expansion, to startup Apr 2011

p>Indonesian Tri Polyta is delaying the restart of its polypropylene plant from debottlenecking, by three months to April 2011, mainly due to concerns on global economic recovery, an industry source said Friday. Concerns on delays in the global economic recovery would weigh down ...

Asia: Eastern coals try to regain balance after Wednesday's lows

p>Following a rally in the equities markets and shrugging off weak natural gas markets, eastern coal markets attempted to regain their balance Thursday after falling more than $2 on Wednesday. NYMEX look-alike coal rose at least 25 cents in the near term and by at least 75 cents ...

Europe: Russia's Sibur concludes acquisition agreement of Novatek-Polymer

p>Russian petrochemicals company Sibur has concluded an agreement to acquire OJSC Novatek-Polymer, both companies said on their website Friday. A 32% share of the authorized capital of OJSC Novatek-Polymer is to be transferred at the conclusion of the contract while the remaining ...

Americas: US shale plays expected to boost NGL supplies, favor petchems

p>Expanding supplies of natural gas liquids derived from unconventional sources, such as the Eagle Ford and Marcellus shales and Bakken formation, is expected to benefit the cost structure of the North American petrochemical market, industry observers said in a webinar Thursday. ...

China: Gross profit for LPG distributors in E. China's Nanjing climbs on higher retail prices

The gross profit for LPG distributors in Nanjing City of East China's Jiangsu Province gradually climbed up over the past month due to higher retail prices. The profit was Yuan 1,054/mt on Sep 5, up about 12.13% from Yuan 940/mt on Aug 5, a data shows. LPG retail price for a 14.5...

China: Fuel oil supply from S. China refineries estimated to surge 44% to 238,000mt in Sep: on month

Refineries in South China are estimated to supply a combined 238,000mt of fuel oil in September, up 44% from the previous month, a survey found. The commodity output comprises of 58,000mt of slurry, 59,000mt of bituminous feedstock, which was residue sold under the name of ...

German chemical industry body raises 2010 outlook

p>German chemicals trade group VCI raised its 2010 outlook after unexpectedly strong business in the second quarter driven by robust export markets, it said on Thursday. The group, which represents the nation's fourth-largest industrial sector, said it now expects sector revenues ...

China: PetroChina Dalian Petchem to refine 7% more crude oil daily in Sep

Dalian Petrochemical is slated to process 1.5-mil mt of crude oil in September, with daily throughput 7% higher than the previous month, according to a refinery source. Dalian Petrochemical, located in Northeast China's Liaoning Province, has a topping capacity of 20.5-mil mt per ...

BASF increases prices for Polyurethane products in Europe

p>With immediate effect, or as contract terms allow, BASF will be increasing its prices for MDI and polyols and polyurethane systems in Europe on average by 200 Euro per metric ton. About BASF Polyurethanes BASF is the leading supplier of Polyurethane Solutions for systems, ...

Baalbaki Group acquires Turkish Depur Kimya as part of its expansion plan

Baalbaki Group, a leading system house providing quality polyurethane raw materials and specialty chemicals, expands its plans to include assets of the Turkish Depur Kimya in its most recent acquisition. "We have created a Turkish subsidiary, BCI Baalbaki Kimya Sanayi ve Ticaret ...

Taiwan CPC awards buy tender for refrigerated LPG

Taiwan CPC awarded its latest buy tender for refrigerated LPG to a trading firm at October CP plus US$31-35/mt, traders said, adding CPC received 8 bids. CPC issued the tender last Thursday to purchase 20,000mt of refrigerated LPG at a 60:40 ratio for late October delivery to ...

PA66 Market Comments and Forecast(Sep 3,2010)

In Aug the PA66 market first fell in a small range and then went to be stable. The reason was that Invista will increase the adiponitrile supply. Under the increasing raw material the output of global PA66 enterprises was expected to increase. Currently, the export quantity of ...

China: Japan imposes further sanctions on Iran, hits energy sector

p>The Japanese cabinet Friday approved the imposition of additional sanctions against Iran and urged caution on investments and trade in the energy sector with the country. The additional sanctions come in response to Iran's uranium enrichment program, which the West suspects ...

Peasgood preaches patience on Geothermals

Wellington West Analyst Sean Peasgood covers the geothermal, plasma gasification and "Smart Grid" subsectors of the alternative energy (AE) market. He believes there's room to make some dough in each of them but believes investors may need to be patient as these growing markets ...

PA6 Market Comments and Forecast(Sep 3,,2010)

6-8 months was the traditional off-season for nylon demand. On the one hand, into the forbidden sea period, while fishing at sea was particularly poor, resulting in net demand declined over the previous year; on the other hand, chemical fiber factory in Zhejiang province for most ...
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