Chemical News
-
Chinese nuclear companies cleared to take stakes in new UK reactors Oct 18,2013
The UK government is to allow Chinese nuclear companies to take stakes in new reactors to be built in the UK, finance minister George Osborne said Thursday on a visit to the Taishan nuclear power site in southern China. Reporting on Osborne's trip Thursday, the BBC said French utility EDF was negotiating with three Chinese nuclear companies to t...>>>
Ukrainian industrial output drops on weak exports Oct 18,2013
KIEV, Oct. 17 (Xinhua) -- Ukraine's industrial production fell 5.2 percent year-on-year in the first nine months of 2013, official data showed Thursday. The country's State Statistics Service attributed the drop to the weak performance of the country's key sectors which form the lion share of Ukraine's exports. From January through September ...>>>
100 Spot Commodities Price Chart - 17/10/2013 Oct 18,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 27 fell and 53 remained unchanged on 17/10/2013.The largest rises were Chloroform (1.66%),Silver (1.17%),Sodium metabisulfite (0.86%),while the larg...>>>
Chinese researchers develop way to make ultrahard, ultrastable metals Oct 18,2013
WASHINGTON, Oct. 17 (Xinhua) -- Chinese researchers said Thursday they have developed a simple and cost-effective way to make ultrahard and ultrastable metals, a technique that could find potential applications in a wide range of industrial manufacturing processes. How to make metals stronger by refining their microstructure has been a challenge...>>>
US West Coast ferrous scrap export prices rise again Oct 17,2013
Prices for ferrous scrap exports from the US West Coast increased for a third consecutive week this week, with deals for containerized heavy melting scrap I/II (80:20 blend) being concluded at $358/mt CFR Taiwan on Wednesday, up about $2/mt compared with transactions on Friday. Dealers came close to achieving the $360/mt CFR bids they had been o...>>>
South Africa obtains French loan to develop clean energy Oct 17,2013
JOHANNESBURG, Oct. 16 (Xinhua) -- South Africa's electricity provider Eskom has signed a loan agreement of more than 100 million U. S. dollars to build a 100 MW solar power plant, the state-run company said on Wednesday. In a statement released in Johannesburg, Eskom Chief Executive Officer Brian Dames said the 101-million-dollar loan was obtain...>>>
Taiwan CPC plans to become net exporter of isomer-MX in 2014, from net importer: source Oct 17,2013
Taiwan's CPC will become a net exporter of isomer-grade mixed xylenes in 2014 from being a net importer as it has been producing more MX by using feedstock reformate supplied by its own system, a company source said Wednesday. "We are providing feedstock reformate from our internal system to produce isomer-MX on our own, so we will not likely bu...>>>
K FAIR: Polyethylene prices fall on risk-averse buying Oct 17,2013
European polyethylene prices have fallen in the run-up to the K Fair international plastics and rubber trade fair in Dusseldorf, on the back of volatile upstream prices and robust supplies which kept buying hesitant, sources said. Low density polyethylene spot prices were down Eur10/mt ($13.53) on the day at Eur1,272.50/mt Tuesday. This represen...>>>
Japan's industrial output revised downward to 0.9 pct drop in August Oct 17,2013
Japan's industrial output in August fell a seasonally adjusted 0.9 percent compared with July, downgraded 0.2 percentage point from the initial 0.7 percent fall, local media reported Tuesday. The Ministry of Economy, Trade and Industry attributed the setback to additional or fresh data obtained from plastic product and pharmaceutical manufacture...>>>
Tariffs cut for coal plants Oct 17,2013
China has cut on-grid electricity tariffs for coal-fired power plants without changing power sales prices, the National Development and Reform Commission, the country's top economic planning agency, said Tuesday in a statement posted on its website. According to the new price policy that took effect on September 25, on-grid power prices for the...>>>
China raises on-grid tariffs of gas-fired power plants Oct 17,2013
China will raise electricity tariffs for power plants running on natural gas in at least eight provinces, the National Development and Reform Commission has announced. Prices of on-grid tariffs at gas-fired power plants will be raised in Shanghai, Jiangsu, Zhejiang, Guangdong, Hainan, Henan, Hubei, Ningxia and others, according to local media wh...>>>
Australian company discovers large kimberlite in Botswana Oct 17,2013
GABORONE, Oct. 16 (Xinhua) -- Australian miner Pangolin Diamonds has discovered one of the largest kimberlite in Botswana. Pangolin Diamonds on Wednesday announced the discovery of a kimberlite modeled at 270 hectares, discovered from the company's Tsabong North Project located approximately 100 km north of the town of Tsabong in southwestern Bo...>>>
News Analysis: China's top oil importer status overrated Oct 17,2013
BEIJING, Oct. 16 (Xinhua) -- Media reports of China surpassing the United States as the world's biggest oil importer as shown by data from a U.S. government agency were somewhat overrated, experts said. Recently published data by the U.S. Energy Information Administration (EIA) showed that net imports of the U.S. and China stood at 6.24 million ...>>>
100 Spot Commodities Price Chart - 16/10/2013 Oct 17,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,22 commodities increased in prices, 25 fell and 53 remained unchanged on 16/10/2013.The largest rises were PP (0.43%),Hydrofluoric acid (0.38%),LDPE (0.38%),while the largest falls wer...>>>
China's NDRC starts refinery survey to monitor fuel quality upgrades Oct 17,2013
China's National Development and Reform Commission said Tuesday that it has been conducting a survey of domestic refineries to ensure they meet industrial standards and are adhering to fuel quality upgrades. The survey started in late September and will last two months. It will cover all refineries in China, excluding facilities in Hong Kong,...>>>
Shale Storm Hits Canadian Gas Oct 16,2013
"We hate it when our friends become successful," lamented Morrissey. Canada's energy industry likely shares the gloomy British singer's sentiment. Canada sits just across the border from the world's largest oil and gas market, and its biggest ally. But successful development of US shale resources is spoiling it all. Alberta's oil firms suffer...>>>
Chicago Argo ethanol climbs to two-week high on corn, tight supply Oct 16,2013
Chicago Argo ethanol was assessed Monday at a two-week high of $2.07/gal amid stronger corn futures and tight ethanol supply, sources said. Specifically, the Chicago Argo ethanol assessment rose 1.5 cents from Friday to the highest level since October 1, when it was at $2.10/gal. Availability of Chicago Argo ethanol was low, multiple sources ...>>>
CNPC predicts gas supply hike Oct 16,2013
BEIJING -- The China National Petroleum Corporation (CNPC), parent company of the nation's top oil and gas producer -- PetroChina, predicted on Monday that its natural gas supply at home will increase 13 percent during the upcoming winter and spring seasons. A company spokesman said the CNPC expects its gas supplies during the two seasons will t...>>>
September US aluminum shipments rise 8.2% year on year, inventories fall: MSCI Oct 16,2013
US service centers shipped 121,700 mt of aluminum products in September, up 8.2% compared with September 2012, the Metals Service Center Institute said Tuesday. Aluminum shipments in the first nine months of 2013 totaled 1.122 million mt, 3.4% below the same period last year, MSCI said in a statement. Inventories of aluminum products were 362...>>>
Slowing China grid spending could mean weaker copper demand: Barclays Oct 16,2013
Declining investment in China' power grid last month could signal declining copper demand in the coming months, analysts with UK bank giant Barclays said Tuesday. Grid investment total Yuan 31 billion ($5.08 billion) in September, a 15% decline from a year ago and the first such decline this year. "While the figure may not have included robus...>>>