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LyondellBasell calls force majeure on polypropylene from Brindisi

LONDON ,July 14-LyondellBasell has declared force majeure on polypropylene (PP) deliveries from its Brindisi, Italy site, a company source said on Wednesday. The company is reported to have two PP lines at its Brindisi site, amounting to around 400,000 tonnes/year, but no details ...

High Growth Speed of China s Textile Exports May be Eased in H2, 2010

According to statistics by the General Administration of Customs of People s Republic of China, total export value of textile and clothing industry in the first half of this year reached $88.878 billion, up 22.09% compared with the same period last year. Amid these statistics, ...

Sinopec Shanghai Gaoqiao to Construct New 400kt/y Polyether Project

Sinopec Shanghai Gaoqiao Petrochemicals planned to construct 400kt/y polyether ployol project which is waiting for the approval. Sinopec Shanghai Gaoqiao Petrochemical Corporation is one of the largest ployol manufacturers in domestic market, with its total polyether capacity ...

German BASF to deepen cooperation with Belarus

MINSK The German chemical company BASF is considering a possibility to launch new projects in Belarus, Chairman of the Presidium of the National Academy of Sciences of Belarus (NASB), Mikhail Myasnikovich, told reporters on 7 July, BelTA has learnt. The Vice-President of the ...

Hot Commodities: Uranium to beat Gold in China?

Is uranium turning out to be the hottest commodity hotter than gold in China? China has been trying to amass gold reserves to emerge as the largest yellow metal owning country in the world. But China s craze for commodity investment does not just stop by gold alone. Uranium is ...

Plastics Industry Adds Polyurethanes Data to Life Cycle Database

The American Chemistry Council on Wednesday released a new report containing an in-depth look at the environmental profiles for the production of nine common plastic resins and four polyurethane precursors. Known as a life cycle inventory, or simply LCI, the study offers a cradle...

BP hopeful for relief well to be ready by Aug

In a latest move towards containing oil spillage at the BP s oil well in the Gulf of Mexico, the British oil major on Sunday informed about the progress being made on the new system to tap the leaking oil. A relief well is believed to be ready by mid-August as a support to it. ...

Adani to develop Australian coal export terminal

Indian conglomerate Adani Group is one of two firms picked to develop Australian coal export terminals at the Queensland port of Hay's Dudgeon Point. Adani will pair with domestic terminal operator DBCT Management, which already leases the nearby Dalrymple Bay Coal Terminal (DBCT...

South Korea s S-Oil to add to Asian diesel exports

South Korea's S-Oil has restarted a residual fluid catalytic cracker (RFCC) at its 580,000 b/d Onsan refinery, adding to already ample diesel supplies in Asia-Pacific with few arbitrage opportunities to Europe or the US. The 64,000 b/d RFCC resumed operations following scheduled ...

Vessel fire extinguished in congested strait of Malacca

A fire on a container ship has finally been brought under control in the strait of Malacca, a key transit route for global oil and gas shipments. The fire on the Charlotte Maersk, which broke out on 7 July, is now under control, said the Malaysian Maritime Enforcement Agency ...

McDonald's under pressure in China over chemical ingredients

An online survey in China showed Thursday that three out of four people would no longer buy a McDonald's product as it reportedly contains two chemical additives that, if taken in excess, may cause nausea and vomiting. The survey, run by a leading Chinese portal website www.sina...

UAE raises fuel prices again within 3 months

ABU DHABI, July 12 (Xinhua) -- Fuel prices in the United Arab Emirates (UAE) are set to rise again this week, less than three months following a previous hike in late April, as oil companies push the government to liberalize the tightly-controlled market, the state news agency ...

OPEC oil price keeps dropping

VIENNA, July 12 (Xinhua) -- The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) continued to decline last week, falling to 70.63 U.S. dollars per barrel, the Vienna-based cartel said Monday. OPEC oil price kept rising for last 5 consecutive ...

CNPC, BP start operating largest Iraqi oilfield Rumaila in 20-year agreement

BEIJING, July 12 (Xinhua) -- China National Petroleum Corp.(CNPC), China's largest oil company, and British oil company BP PLC (BP) have taken over operation and management of Iraq's largest oilfield, Rumaila, in a 20-year agreement, CNPC said in a statement Monday. CNPC and BP ...

Mobil awards contract worth more than 1.8 bln USD to Nigerian firms in 2009

LAGOS, July 12 (Xinhua) -- Mobil Producing Nigerian Unlimited said it had awarded contracts worth more than 1.8 billion U.S. dollars to Nigerian companies last year. Yinka Bashorun, the company's General Manager of Nigerian Content Development revealed this in Lagos on Sunday at ...

Europe polypropylene price rises stall for first time this year

p>LONDON ,July 12-Polypropylene (PP) prices in Europe are stalling for the first time in 2010 after increasing by more than 30% this year, sources said on Monday. "Our average increase this month is no more than /tonne ($6/tonne), with prices in the south sometimes easing back," ...

India s sugar output likely to be 25.5Mt in next season

India s sugar output is projected to be higher by 19% to 25.5 million metric tons from 18.7 million tons in the next marketing season, an industry official was quoted by Dow Jones Newswires as said Monday. According to the Indian Sugar Mills Association, Deputy Director General M...

India kharif crop sowing picks up

Kharif crop sowing in India has picked up in the major growing regions of the country as compared to last year, said a latest data from the Agriculture Ministry Monday. As per data received from States as on last Friday, paddy has been sown in 72.3 lakh hectare as compared to 68...

Food & Beverage Trends:Is Star Bucks too hot?

New York woman is suing Starbucks, saying her baby son was seriously injured when she dropped a cup of overly hot tea on him. In a complaint filed recently in Kings County, Villona Maryash said the scalding took place in a Starbucks in the Bensonhurst neighborhood in Brooklyn in ...

Asian Benzene daily physical cargo assessments - 12Jul,2010

p>(US$/mt) FOB Korea On day FOB SEA On day LC at sight Change LC at sight Change Marker: 779.00-780.00 * -5.00 767.00-768.00 ** -5.00 H2 Jul: 767-769 -5.00 FOBK -12.00 H1 Aug: 777-779 * -5.00 FOBK -12.00** H2 Aug: 780-782 * -5.00 FOBK -12.00** H1 Sep: 782-784 -5.00 H2 Sep: 785...
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