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Why LME Nickel stocks continue to fall

LME stocks continued to fall in May to mid-June, reaching 131,712t on 15 June, down 10% from the start of May and 17% down this year. But this trend may soon stop, as rising supply in H2 2010 coupled with the summer slowdown in real demand, as well as a potential pause in ...

Chinese enterprises strive for green development: official

UNITED NATIONS, June 23 (Xinhua) -- Chinese enterprises have made great efforts to promote green development and become more economical and environment-friendly, a Chinese official said here Wednesday. Wang Zhongyu, president of China Enterprise Confederation, made the remarks in ...

Thick oil soils Mississippi shore as storm looms

Jun 27-The oil spill, which began on April 20, has caused an economic and environmental disaster along the U.S. Gulf Coast, threatening fisheries, tourism and wildlife. Tropical depression Alex moved into the southwestern gulf, prompting the closure of two key Mexican oil ports, ...

Polymer Spot Prices ($/mt) - 23JUN,2010

p> CFR South Asia: FOT Brazil* CFR PERU PVC Susp 920-930 PP Homo Inj 1239-1241 1400-1410 1360-1400 IPP Film 1259-1261 --- --- BOPP 1259-1261 --- --- PP Copol 1329-1331 1450-1460 1410-1420 LDPE FILM --- 1590-1600 1490-1510 LLDPE (C4) --- 1240-1250 1365-1375 HDPE Inj 1164-1166 1260...

European Polymer Spot Prices ($/mt) - 23JUN,2010

p> FOB FD NWE FCA ANTWERP CFR RUSSIA CFR TURKEY NWE CONTRACT St Petersburg) (Istanbul) PVC Susp 890-920 1167-1191 --- 710-740 970-980 LDPE G-P 1485-1495 1687-1693 1280-1285 1330-1340 1490-1500 LLDPE (Butene) --- 1638-1644 1230-1235 1300-1310 1420-1430 HDPE Inj 1290-1300 1479-1491 ...

COIM to invest in Brazil to expand flexible packaging adhesives and coatings capacity

COIM Brasil, a fully owned subsidiary of COIM SpA, global poliurethane producer, announced today an investment in infrastructures and production capacity in its site located at Vinhedo, SP, Brazil. The investment includes expansion in capacity to produce flexible packaging ...

Higher Asia-to-US container prices killing PET imports: sources

The cost of sending 20-foot containers from Asia to the US West Coast has jumped about 132% from February to $2,200/container and severely curtained PET imports, several sources said Wednesday. "At Chinese New Year I paid $950 (per container) but now I'm at $2,200. It's crazy," a ...

Pakistan to start polyolefin imports via Lahore by rail or road

Polyolefin buyers in Pakistan will soon be able to take delivery of imported cargoes directly at Lahore in Punjab province for the first time ever, rather than Karachi, industry sources said this week. India's state-owned Indian Oil Corp. is planning to transport the plastic ...

Wuhan Iron inks US$800m coal deal with Riversdale

Wuhan Iron and Steel (Group) Corp (WISCO) on Thursday signed an initial non-binding agreement for $800 million with Australian miner Riversdale Mining Ltd to develop a coking coal project in Mozambique. Under the deal WISCO will acquire a 40 percent stake in the Tete province, ...

South Korean gasoline heads to the US

A South Korean gasoline cargo has been booked for the US west coast, as arbitrage traders take advantage of a wide west-east price differential. The Maersk Christianbro was fixed to carry 250,000 bl of clean products from South Korea to the US west coast on 26 June, with Japanese ...

Senate Democrats hopeful on energy, climate bill

Democrats in the Senate remain upbeat about passing energy legislation that includes limits on greenhouse gas emissions, but have not yet nailed down the form it will take after a caucus meeting today. Using words like thrilling and inspirational to describe the 90-minute meeting...

Foreign investment expected to boost restive Xinjiang

The government launched an initiative to draw foreign investment into the Xinjiang Uyghur Au-tonomous Region nearly a year after deadly riots rocked the capital city Urumqi, China News Service reported Sunday. The State Administration of Industry and Commerce (SAIC) said in a ...

Weak arbitrage lifts Singapore middle distillates stocks

Limited arbitrage prospects to the US or Europe have pushed Singapore's onshore inventories of middle distillates higher amid steady diesel exports from northeast Asia. Middle distillates stocks in the Asian refining hub rose by 1.2mn bl to 12.87mn bl in the week ending 23 June, ...

Reduced chlor-alkali rates to support July price increases

Chlor-alkali operating rates were slashed 11% from April to May in the US to an effective rate of 81%, according to data released by the Chlorine Institute Thursday. Chlor-alkali makers produced 29,606 st/day of chlorine gas and 24,210 st/day of liquid chlorine in May, and ...

Completion of China Tianjin Soda's 2-EH, IBA plants delayed to Oct

China's Tianjin Soda Plant is expecting to complete construction of a 2-ethylhexanol plant and an isobutyl alcohol plant at Binhai in Tianjin province in October, two months later than previous estimates, a company source said Friday. Until a month ago, the plants were slated for ...

NWE SM producers see margins crunched as spot values decline

Falling European styrene monomer values have crunched producer margins and kept the benzene-styrene spread near $200/mt, sources told Platts Friday. Styrene values have fallen just under $125/mt since the beginning of the month on improved supply and declining feedstock values, ...

Turkey says Azeri gas deal allows export sales at Greek border

The gas deal signed between Turkey and Azerbaijan on June 7 allows for gas exported to Europe to be sold at the border between Turkey and Greece, a spokesman for Turkey's energy ministry confirmed to Platts Friday. He said that the agreement allows for 10 billion cubic meters...

Australia's Mosaic Oil sells PNG subsidiary to 'global major'

Australian junior oil and gas producer Mosaic Oil said Friday it had sold its wholly owned subsidiary in Papua New Guinea, Mosaic Oil Niugini Limited, for $11 million, to a "major international oil and gas company" it declined to identify. MONL's primary asset is a 28.57% ...

BP's shares hit post-spill low as costs accelerate

BP saw its shares hit a fresh post-spill low early Friday after the beleaguered oil major said the cost of containing and cleaning-up its Macondo spill in the Gulf of Mexico are continuing to accelerate. In an update, BP said it has now spent some $2.35 billion as a result of the ...

Shanxi to invest RMB 2.5 bln in building solar PV industrial chain

Shanxi province plans to invest RMB 2.5 billion in building a solar photovoltaic (PV) whole industrial chain this year as it aims at boosting development of its new energy industries. The whole industrial chain covers every link of solar PV production from raw materials to solar ...
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Retailer's Net Profit Falls 3%
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trade

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