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Asian PS Price Assessments - 30Jun,2010

p>(USD/MT) CFR China CFR SE Asia PS G-P 1129-1131 1129-1131 HIPS 1249-1251 1249-1251

Asian Weekly LDPE Price Assessments - 30Jun,2010

p>(USD/MT) CFR FE Asia CFR SE Asia LDPE G-P 1299-1301 1334-1336 CHINA DOMESTIC 10350-10400 (Yuan/mt ex-works)

Asian PVC Price Assessments - 30Jun,2010

p>(USD/MT) CFR China CFR SE Asia PVC SUSP 888-890 879-881

BASF Shanghai MDI Facility to Undertake Maintenance

Due to raw material supply issue, Shanghai BASF Polyurethane Co. Ltd. (SBPC) plans to have its MDI facility undertaken one-week maintenance from July 4. BASF has announced its TDI facility maintenance plan previously, which is also to be shutdown for 2-3 weeks.

South Korea s GS Caltex readies hydrocracker

South Korean refiner GS Caltex is to start commercial operations of a new 60,000 b/d vacuum residue hydrocracker in September, allowing it to convert extra heavy fuel oil into transport fuels at its 750,000 b/d Yeochon refinery. GS Caltex is about to start trialling the ...

Coking coal use by Japan's JFE to grow with expansion

A move by Japanese steel maker JFE Steel to expand its production capacity will likely lift its consumption of coking coal. JFE is spending 29bn ($319mn) to expand the capacity of its No.3 furnace at its Fukuyama steel mill, amid expectations of rising domestic and international ...

Pakistan delays upstream bidding round

Pakistan has put on hold its current upstream bidding round, following a change to the country's constitution giving provincial governments more control over natural resources. Pakistan had offered 17 onshore blocks in a licensing round scheduled to close at the end of June, but ...

Electrolux sucks up ocean waste for home appliances

June 30-Electrolux has launched its Vac from the sea initiative to get plastic waste out of the world s oceans and into home appliances made of recycled plastic. The aim is twofold: to bring attention to the issue of plastic pollution and to raise awareness on the scarcity of ...

Plastic island the size of Hawaii planned for Pacific Ocean

June 30-Netherlands-based Whim Architecture has proposed a plan to build an island the size of Hawaii made entirely from plastic waste. The man-made habitat would use the 44 million kilos of plastic waste floating in the Pacific Ocean as its raw material. According to the company...

Shell completes sale of downstream businesses in Greece to Motor Oil Hellas

Shell and Motor Oil (Hellas) Corinth Refineries S.A today announced the completed sale of Shell s downstream businesses in Greece and an agreement for the continued use of the Shell brand in the Greek market. The sale includes Shell s retail, commercial fuels, bitumen, chemicals, ...

House panel set to advance bill on US rig regulations

July 2 - A bill that would require floating drilling rigs operating in the US Outer Continental Shelf to be registered in the US, made in the US from American steel and manned by US citizens was expected to be approved by the House Transportation and Infrastructure Committee late ...

Teijin takes flexible approach to electronic paper

July 01-Teijin Chemicals has begun manufacturing transparent conductive films that are expected to be used in next generation electronic paper. The material will enable the creation of e-paper that is lighter and thinner than current products on the market, according to the firm. ...

Ube expands PCD production in Spain

July 01-Ube is aiming to become the largest producer of polycarbonate diol (PCD) in the world by expanding capacity in Spain by 3,000 tonnes. The Japan-based company is building a new production line at its Spanish subsidiary, Ube Chemical Europe, which is scheduled to come ...

Beijing chemical warehouse fire contained

BEIJING, June 29 (Xinhuanet) -- Fire fighters have almost contained a blaze that has been raging for 6 hours in a chemical warehouse in the Southwestern outskirts of Beijing. The fire started at about 7 in the morning, and has destroyed an area of more than 5,000 square meters of ...

10,000-tonnage class chemicals-freight oil tanker makes maiden voyage

The 10,000-tonnage class chemicals-freight oil tanker of Siene is poised to launch onto the maiden voyage, at the Haimen Port of Haidong Shipbuilding Yard, in Taizhou City, east China's Zhejiang Province, June 29, 2010. This oil tanker, with a full length of 129.6 meters, molded ...

China expresses concern after pirates hijack ship with Chinese sailors aboard

BEIJING, June 29 (Xinhua) -- China on Tuesday expressed concern after pirates hijacked a ship with 19 Chinese sailors aboard. Qin Gang, a Foreign Ministry spokesman, told a regular news briefing China is assessing the situation and has began rescue work. A Singapore-flagged cargo ...

Chemical plant on fire in Beijing, casualties unknown

A source close to the fire brigade told Xinhua that fire fighters had basically stopped the fire from spreading, but the extreme heat had hindered their access to the plant. The fire was said to break out at about 7 a.m. Tuesday in Fangshan District. Dense smoke rose about 1,000 ...

Drillers meet with Salazar on moratorium

June 30 - A group of offshore drilling company CEOs, who met privately with US Interior Department officials on June 28, have urged the government not to reimpose a deepwater drilling moratorium that was struck down last week by a federal court judge. But the drillers left the ...

Asian ABS Price Assessments - 30Jun,2010

p>(USD/MT) CFR China CFR SE Asia ABS INJ 1804-1806 1804-1806

China PE import demand to improve by late July

SINGAPORE ,June 30-China s polyethylene (PE) import demand is expected to improve at the end of July, when plastics processors restock in preparation for the peak manufacturing season that begins in August, industry sources said on Wednesday. "China s plastics processors ...
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