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Asian Daily Polyethylene Assessments - 12JUL,2010

p> CFR FE Asia On day (US$/mt) Change HDPE film 1039.00-1041.00 0.00 LDPE 1259.00-1261.00 -5.00 LLDPE 1054.00-1056.00 -25.00

China may discover 32.3b tons of oil reserve

July 12-As much as 32.3 billion tons of oil can be discovered in China in the future, the 21st Century Business Herald reported Monday, citing experts from the Research Institute of Economics and Technology, affiliated with China National Petroleum Corp (CNPC). The fault basins ...

Gold consumption soars to record high in China

China s consumption of gold is soaring alongside the price, as the Asian economic superpower and its citizens increasingly turn to the precious metal as a way to diversify their finances. Gold prices have risen so quickly 11.6 per cent in the last quarter alone and 84 per cent in ...

Palladium, platinum to gain as auto sales rise

Platinum and palladium prices are largely depending on the auto markets of China and India. This is because these two countries now drive the auto sales across the globe and with the increase in car sales, platinum and palladium demand is also expected to rise. Both these metals ...

Oil spill cost crosses $3 bn: BP

The cost for cleaning up of the oil spill in the Gulf of Mexico that affected thousands of people, has reached to a total of USD 3.12 billion ( 2bn). According to the information provided by the UK s oil giant, BP Plc, the company has spent more than $3 billion so far in attempts ...

South Africa s Eskom reaches wage deal with unions

South African state-owned power utility Eskom has reached a wage deal with trade unions, averting the risk of strike action at Africa's largest coal user. Eskom increased its wage offer to unions to 9pc in mediation talks held over the weekend, in addition to improved housing ...

Australia s CSR to sell renewables unit

Australian conglomerate CSR plans to sell its sugar, ethanol and renewables unit Sucrogen to Singapore-based agribusiness group Wilmar International for A$1.75bn ($1.47bn). This trumps a rival bid of the same value from Chinese conglomerate Bright Food. Following the sale of ...

Australia s Centennial Coal backs Banpu s takeover

Australian producer Centennial Coal today recommended shareholders accept the A$6.20 ($5.20) a share bid from Thai coal group Banpu. Banpu's bid values Centennial at A$2.5bn, giving it access to one of the largest suppliers of Australian coal and an exporter of thermal coal ...

Gold, copper advance; crude oil declines

Spot Gold prices were trading in the green till 4.00 pm IST today after falling drastically in the last session. The yellow metal prices lost more than 3% yesterday as profit booking at higher levels became inevitable. Gold prices have already gained around 12% in this year. The ...

Philippines destroys drugs worth 39 mln dollars

MANILA, July 1 (Xinhua) -- The Philippine Drug Enforcement Agency (PDEA) has destroyed illegal drugs worth 1.8 billion pesos (39 million U.S. dollars), a senior Philippine government official said on Thursday. Senior Undersecretary Dionisio Santiago, PDEA director general, said ...

Oil spill raise arsenic levels in ocean: study

LOS ANGELES, July 3 (Xinhua) -- Oil spills can raise arsenic levels in the ocean, creating an additional long-term threat to the marine ecosystem, a new study suggests. Oil spills can partially block the ocean's natural filtration system and prevent this from cleaning arsenic out ...

Coal throughput slumps at UK s Immingham

Coal traffic at the port of Immingham, the UK's largest coal-receiving port, halved in the first six months of 2010 compared with a year earlier, because of reduced generation and lower gas prices. The port handled 2.38mn t of coal from January to June, down by 56pc from the 5...

Iran announces three oil and gas discoveries

Iran's oil minister Massoud Mirkazemi announced three gas, oil and condensate discoveries today. State-controlled news agency IRNA said Forouz lies southeast of the Mideast Gulf island of Kish and contains 700bn m of natural gas and 288mn bl of condensate. It could produce 70mn m ...

Velox adds more Lubrizol TPUs to medical roster

July 05-Distributor Velox has added more medical thermoplastic polyurethane products from Lubrizol to its supply portfolio across Europe. The new materials are: Pellethane TPU, an aromatic polyether, with a range of Shore hardness from 80A to 75D, offering abrasion, wear, low ...

Contracts are signed for Borouge 3 expansion

July 05-Construction contracts have been signed for the Borouge 3 project which will further boost polyethylene and polypropylene production at the joint-venture between the Abu Dhabi National Oil Co and Borealis. The three contracts worth $2.6bn were signed during a ceremony ...

Oil falls below $72 on global economy doubts

July 05-U.S. crude for August fell 39 cents to $71.75 a barrel by 3.10 p.m. EST, recovering from a low of $71.34 a barrel, its weakest since June 8. With U.S. activity muted by the Independence Day holiday, total trading in all contracts came to only 29,000 lots, under 5 percent ...

Kerala Agri varsity introduces innovative courses

Apart from introducing a first of its kind post graduate course in Global Warming and Climate Change, Kerala Agricultural University has come out with several innovative courses such as MSc in biotechnology and diploma in solid waste management. The MSc in Global Warming and ...

Gujarat s gold imports soar

If you ask who controls the gold business in India, the only answer is Gujaratis. In India, bullion market is totally under the control of Gujaratis whether it is in Mumbai or Delhi. So, Gujaratis refuse to dump gold even when the bullion prices are very high. In the recent past ...

Naomi has six blood diamonds

Till now Zimbabwe was the main country which has been drawing flak from across the world for the blood diamonds from its now infamous Marange diamond fields. But now, super model Naomi Campbell is in the eye of a storm for accepting blood diamonds as gift. A former aide of Naomi ...

Solar India aims for 20,000 MW of grid power

Much of the world is now moving towards clean energy with solar hogging the limelight in many nations. With the launch of the Jawaharlal Nehru National Solar Mission in January this year, India is also aiming high in solar power. The mission to be implemented in three stages will ...
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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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