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Asian Daily Polyethylene Assessments - 19JUL,2010

p>CFR FE Asia On day (US$/mt) Change HDPE film 1024.00-1026.00 0.00 LDPE 1249.00-1251.00 0.00 LLDPE 1029.00-1031.00 -2.50

Europe:Stepan Europe Purchases Alfa Systems Sp. z o.o. in Brzeg Dolny, Poland

Stepan Company (NYSE: SCL) announced that its wholly-owned subsidiary, Stepan Europe S.A.S., has acquired all of the shares of Alfa Systems Sp. z o.o. from its shareholders, Chemitex Holding Limited and Chemovil Holdings Limited. The purchase includes Alfa Systems' new plant ...

Dow Chemicals in Olympic deal; sees $1 billion potential

NEW YORK: Dow Chemical Co said last Friday it would become a global sponsor of the Olympics, hoping it can bring in more than $1 billion of revenue in the next 10 years by supplying material to build game facilities and bolstering its brand. Financial terms of the deal were not ...

U.S: Chemical plant closing draws near Tax dollars, 27 jobs to be lost

In about a month, Gaylord Chemical Co. will begin its physical move from Bogalusa to Tuscaloosa, Ala. Along with the business, the company will take some tax dollars and about 27 high-paying jobs, and deliver a substantial blow to the local economy, said City Administrator Jerry ...

China: Yantai Spandex Reports Sharp Increase in H1 Profit

As a Chinese pioneer company in the industry of special fiber, Yantai Spandex reported sharp gains in first-half profit. Spandex price increased continuously since second quarter of last year, thanks to the recovery at downstream textile industry. Meanwhile, meta-aramid ...

Saudi:SABIC inks deals to supply polymers

PETROCHEMICAL giant Saudi Basic Industries Corp (SABIC) sealed 6 billion yuan (US$885.6 million) worth of new contracts to supply Chinese customers. A company executive said SABIC will build a China headquarters and a research hub in Shanghai with an eye on the Chinese market. ...

India likely to cut import duty on natural rubber

Long pending demand from Indian rubber industry to the government on reducing import duty of natural rubber is expected to be absolved soon. India s Commerce Secretary, Rahul Khullar on Monday said that the government is considering the reiterated demand from rubber industry of ...

India wheat, pulses output for 2009-10 rise to record

India has achieved a record in production of wheat and pulse in 2009-10 due to the improved weather condition after the worst drought in three decades, said an official data released on Monday. According to the fourth advance estimates of crop productions released today, total ...

Indian industry sustains growth momentum in Q1

India s manufacturing sector continues to maintain the growth momentum during the first quarter, April-June 2010, revealed the CII ASCON survey for the period April-June 2010 over April-June 2009. While releasing the survey after the first ASCON meeting of the year held on 15th ...

Taiwan's CPC plans new oil tanker fleet

Taiwan's state-owned oil firm CPC is teaming up with domestic shipping firms to set up an oil tanker venture. CPC will join U-Ming Marine Transport and Chinese Maritime Transport to invest nearly NT$30bn ($930mn) in the Global Energy Maritime venture, with CPC holding a 48pc ...

2010 International Coal-Based Gaseous Energy Summit

Netsun-ChemNet and Investment Promotion Bureau of Xinjiang Uyghur Autonomous Region plan to hold together 2010 Xinjiang Coal-Based Gaseous Energy Summit (international) & Xinjiang Energy Chemical Projects Promotion Conference in late Sept. This is the top international summit on ...

East-west gasoline arbitrage improves

Arbitrage opportunities from Asia to the US west coast are improving, lending support to Singapore prices that are already bolstered by disruptions to refineries and ports in northeast Asia. The west-east price differential, or the premium of Los Angeles 84R over Singapore 92R, ...

MH Bio-Energy to restart ethanol plant in October

Cambodia's sole ethanol producer MH Bio-Energy will restart its plant in October, following a six-month shutdown because of high feedstock costs. The plant's restart will also coincide with the annual cassava harvest season. MH Bio-Energy's 120,000 t/yr ethanol plant in Kandal ...

The First China Low-carbon Industry Investment and Financing Summit will hold in Shenzhen

Under the dual pressures of the global economy hasn't recovered fully yet and part of domestic industries excess capacity situation, the emerging strategic industries are given a "special" mission. Many areas launch the emerging development plan and the "low-carbon projects." On ...

Quaker U.S:Chemical Acquires D.A. Stuart's U.S. Aluminum Hot Rolling Oil Business

Quaker Chemical Corporation (NYSE:KWR) announced on Friday it has acquired D.A. Stuart's U.S. aluminum hot rolling oil business from Houghton International, including the rights to sell the product portfolio internationally. With this acquisition, Quaker becomes a leading player ...

Saudi Arabia: Sabic sees petrochem prices stable this quarter

"We see prices being stabilised," al-Morished said at a press conference in Riyadh. "It s difficult to predict because it s related to what s happening with growth." Sabic, as the world s biggest petrochemicals maker is known, said on Sunday that second-quarter profit almost ...

Asian PX daily assessments - 19Jul,2010

p>(US$/MT) FOB Korea On day CFR Taiwan/China On day Taiwan-China LC at sight Change LC 30-45 days Change spreads Marker: 830.50-831.50 * -5.00 845.50-846.50 * -5.00 1 -2 (A) H1Aug 823-825 -5.00 838-840 -5.00 1 -2 (B) H2Aug 829-831 * -5.00 844-846 * -5.00 1 -2 (C) H1Sep 831-833 * ...

Asian Toluene daily assessments - 19Jul,2010

p>(US$/mt) FOB Korea On day CFR China On day CFR China On day LC at sight Change LC 0-30 days Change LC 90 days Change Marker : 711.25-712.25* -4.50 723.50-724.50** -2.00 726.00-727.00** -2.00 H1Aug: 704-706 -4.50 721-722 ** -2.00 723 -725 ** -2.00 H2Aug: 709-711 * -4.50 726-727 ...

Asian Benzene daily physical cargo assessments - 19Jul,2010

p>(US$/mt) FOB Korea On day FOB SEA On day LC at sight Change LC at sight Change Marker: 774.00-775.00 * 10.50 761.00-762.00 ** 10.50 H1 Aug: 769-771 10.00 FOBK -13.00 H2 Aug: 772-774 * 10.00 FOBK -13.00** H1 Sep: 775-777 * 11.00 FOBK -13.00** H2 Sep: 779-781 12.00 H1 Oct: 781...

Indian diesel imports counter limited arbitrage

Indian state-owned refiner BPCL's purchase of low-sulphur diesel for August delivery is likely to be followed by more imports, with its continuing demand helping to mop up Asia-Pacific supplies amid limited arbitrage opportunities. BPCL bought through a tender around 558,000 bl ...
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