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US June ethylene falls 12% to settle at 39.50 cents/lb

HOUSTON ,July 06-US ethylene contracts for June fell by 12% to settle at 39.50 cents/lb ($871/tonne, ?97/tonne), pressured by lower spot prices and reduced production costs, market sources said on Tuesday. The 5.25-cent/lb reduction was the third consecutive monthly drop for ...

Asian Daily Polyethylene Assessments - 06JUL,2010

p> CFR FE Asia On day (US$/mt) Change HDPE film 1044.00-1046.00 0.00 LDPE 1269.00-1271.00 -5.00 LLDPE 1089.00-1091.00 -2.50

Superthin metal lines to shrink electronic gadgets

For the semi-conductor industry, nano-sizes don't seem to be the limit, it is only another milestone. Scientists from Singapore A*STAR s Institute of Materials Research and Engineering (IMRE), University of Cambridge (UK) and Sungkyunkwan University (South Korea) have created ...

Shell Chemicals launches new polyol product

Shell Chemicals announced today that it has broadened its CARADOL polyols product range by launching CARADOL MD 250-10. This new additive polyol enhances the polymerisation level in foam and improves foam stability and hardness. CARADOL MD 250-10 has been developed to boost ...

Mitsubishi Chemical Restarts 280kt/y MEG Facility

Mitsubishi Chemical has restarted its280kt/y facility located at Kashima, Ibaraki Pref after 25-day maintenance. The facility was shutdown in early June on account of upstream ethylene cracker facility. Mitsubishi Chemical is a diversified chemical company involved in petrochemic...

Malaysia to bring new bill on renewable energy

In its endeavour to promote green energy in the country, Malaysia said it is drafting the bill on renewable energy to make way for more aggressive development of energy. According to Malaysia s minister of Energy, Green Technology and Water, Peter Chin Fah Kui, the Act, which is ...

BP spends $3b as clean up cost for oil spill

BP has spent more than $3 billion as clean up cost on oil spill in the Gulf of Mexico, the company said in a statement. The total amount the company has spent to date comes around $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants ...

China nuclear reactors use advance tech

Ten of China's proposed nuclear power reactors will use Westinghouse's AP1000 advanced technology considered safer, a Chinese energy official said. The U.S. company's technology, described as among the most advanced in the world, operates longer, a Xinhua-China Daily report said, ...

Commodity Trends:Concerns on faltering recovery

Global recovery hopes are a weakening a bit with the release of a slew of data on Thursday which pointed to a weaker global demand led by slower growth in China. Figures showed manufacturing output slowing across large parts of the world, posing further challenges to leading ...

Oil tops $74 on expected U.S. inventory drop

NEW YORK ,Jul 07-U.S. crude closed up $2.09, or 2.9 percent, to $74.07 per barrel, posting its biggest percentage gain since June 25. It closed at $71.98 Monday, the lowest since early June. ICE Brent crude futures were up $2.06 at $73.51. Weekly U.S. oil data from industry group ...

UN limits chemical level in infant foods

UN s food standard body, Codex Alimentarius Commission has brought forth new rule that curb rampant use of melamine in powdered infant and pet foods. According to Codex Alimentarius Commission, the maximum amount allowed in powdered infant formula is 1 mg/kg and the amount of the ...

India marks better progress in organic farming

India has marked a better progress inorganic farming in the last six years and it is reached a significant stage in the process of domestic and overseas organic food trade, India's Agriculture Minister Sharad Pawar said on Wednesday. In India as against 42,000 ha under certified ...

Call to lift ban on Zimbabwe diamonds

Zimbabwe has once again urged the Kimberley Process Certification Scheme to allow the country to export its diamonds to world market. Zimbabwe finance minister tendai Biti said the KP should allow Zimbabwe to immediately start selling diamonds from Chiadzwa as the delay is ...

Roaring outlook for platinum

CPM, a New York-based commodities analysis firm, has predicted that platinum group metals are set to make a roaring investment option in the coming years. In its long-term outlook for platinum group metals, CPM said investment demand for PGMs, which has had an effect on recent ...

India seeks German investment in petrochemicals

India has sought German investment in the country's fast growing chemical and petrochemicals sector. Srikant Jena, India's Minister for Chemicals & Fertilisers who is currently leading a delegation to Germany to explore business opportunities, said that the nation is committed to ...

Newcastle coal exports, vessel waiting times slide

Coal exports from the Australian port of Newcastle fell 13pc in the week to 5 July amid a lack of rail capacity to transport the coal. Operator Newcastle Port said it shipped 1.84mn t of coal during the latest week, down from 2.11mn t a week earlier. The Hunter Valley Coal Chain ...

Japanese weekly refinery activity

Japan's refinery run rates for the week ending 3 July rose to 67.5pc from 65.5pc a week earlier, with some refineries returning from maintenance turnarounds. The latest run rates were also higher by 4.6 percentage points compared with a month earlier. Crude throughput of 3.17mn b...

China pledges to extend resource tax

China is considering plans to expand a new resource tax mechanism across its 12 western provinces, as Beijing attempts to redistribute wealth to the country's poorer regions. China will start taxing coal, oil and natural gas extracted in the region by volume instead of value, ...

One-third of EPS in UK was recycled last year

July 06-In 2009, 5,031 tonnes of expanded polystyrene (EPS) packaging were recycled in the UK, the EPS Group of the British Plastics Federation has reported. This total represents approximately 33% of the EPS packaging manufactured in the UK, says the group, well over the ...

India s Bina refinery starts operations

Indian state-owned refiner Bharat Petroleum (BPCL) has begun initial operations at its new 120,000 b/d Bina refinery in partnership with state-owned Oman Oil. The sole 120,000 b/d crude distillation unit was commissioned on 29 June, with the refinery starting to produce kerosine ...
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