Chemical News
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Authorities to strengthen rules on Internet ads for medicines Sep 12,2013
Online illegal and fake ads for medicines will be the next major target for the authorities as they seek to establish a long-term mechanism to curb such ads in the wake of a three-month crackdown. Authorities have started to draft regulations on Internet advertising to control such ads, Zhang Guohua, head of the advertisement supervision departm...>>>
PLATTS FEATURE: Shale boom, new projects boost efforts to de-link Asian LNG price from oil Sep 12,2013
Hundreds of delegates from countries representing 90% of the global LNG trade returned to Tokyo this year to hash out the debate started years ago by the discovery of new North American and African gas supplies -- whether to move away from oil-linked contracts. While Tuesday's discussions were essentially similar to last year's at the 1st LNG Pr...>>>
Sour Middle East crude market sees higher premiums as refiners cover early Sep 12,2013
Relative strength in premiums for the sour Middle Eastern crude market seen in recent days showed continued upward momentum Wednesday, as Asian refiners look to cover winter requirements and Chinese buyers look to re-stock, trading sources said. In the Dubai market, the premium of cash Dubai to the Dubai swap rose 48 cents/barrel day on the day ...>>>
China's farm produce prices continue to rise Sep 12,2013
BEIJING, Sept. 11 (Xinhua) -- The prices of farm produce in 36 major Chinese cities continued to climb last week, according to official data on Wednesday. Wholesale prices of 18 kinds of vegetables went up 7 percent in the week ending Sept. 8 compared with the week earlier, a Ministry of Commerce statement said. The price of tomatoes rose 21....>>>
Biofuels Face Uncertainty in Europe Sep 12,2013
BRUSSELS—The European Parliament voted Wednesday to limit the use of biofuels in the European Union, one of a series of potential changes to the bloc's climate-change policies that investors say are creating uncertainty and bottling up energy investments. The Parliament approved a proposal to limit the share of food-based biofuels in cars and tr...>>>
100 Spot Commodities Price Chart - 11/09/2013 Sep 12,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 26 fell and 43 remained unchanged on 11/09/2013.The largest rises were Metal Silicon (1.94%),Hydrochloric acid (1.51%),PP (1.16%),while the largest ...>>>
China to continue efforts to curb coke oversupply: officials Sep 12,2013
Efforts by the government and industry to curb the oversupply of Chinese metallurgical coke were much discussed at the 11th China International Coking Technology and Coke Market Congress in Guangxi Wednesday. Chinese coke producers "must intensify the structural adjustment" of the industry to resolve the issues of oversupply and pollution, Deput...>>>
FDA Offers Guidance for Advair Knockoffs Sep 11,2013
LONDON-One of the world's top-selling drugs-GlaxoSmithKline PLC's $8-billion-a-year asthma treatment Advair-became more vulnerable to generic competition after the U.S. Food and Drug Administration issued guidance on the regulatory hurdles generics companies need to clear to gain approval of a knockoff version. In documents published late Monday...>>>
Alcoa removed from Dow Jones industrial average on low market cap, share price Sep 11,2013
Alcoa's declining market capital and low share price prompted officials with S&P Dow Jones Indices to remove the US aluminum major from its Dow Jones industrial average Tuesday. "Alcoa's market capital was dead last among the 30 industrial average companies," said Dave Guarino, spokesman for S&P Dow Jones Indices. Its market capital of $8.6 bill...>>>
Shell's $13 billion China refinery project shelved: paper Sep 11,2013
(Reuters) - An 8.3 billion pound ($13 billion) project to build a refinery and petrochemical plant in eastern China involving Royal Dutch Shell (RDSa.L) has been shelved after losing political support, the Telegraph newspaper reported, citing sources. The plant in the eastern city of Taizhou -- a tie-up with Chinese state-backed oil firm China N...>>>
Brightoil begins supply of bunker fuel at Qingdao port in East China Sep 11,2013
Hong Kong-listed Brightoil Petroleum has started supplying bunker fuel from Qingdao port in East China from Tuesday, a company source said. The company completed a delivery of 380 CST grade bunker fuel to one vessel in Qingdao on Tuesday, the source said. Brightoil has leased a 60,000 cubic meter storage tank at the port and uses its own barg...>>>
Sinopec raises South China toluene prices by 1.2% to Yuan 8,450-8,550/mt Sep 11,2013
China Petroleum and Chemical Corp, or Sinopec, raised ex-factory toluene prices at its South China subsidiaries by Yuan 100/mt, or 1.2%, on Tuesday, market sources said Tuesday. A company source could not be contacted immediately for confirmation. According to sources, Sinopec Guangzhou is now offering toluene at Yuan 8,550/mt or $1,148.67/mt...>>>
Aug industrial output gains momentum Sep 11,2013
BEIJING - The growth of China's industrial output picked up in August, with industrial value-added output expanding 10.4 percent year-on-year, up 0.7 percentage points over July, the National Bureau of Statistics said Tuesday.>>>
Gazprom, BASF to Close Asset Swap Deal in 20 Sep 11,2013
MOSCOW--Russian state gas firm OAO Gazprom (GAZP.RS) said Monday it will close an asset-swap deal with BASF SE (BAS.XE) in 2014, a year later than planned. Gazprom agreed in November last year to give BASF two stakes in a West Siberia gas field in return for 100% ownership of a gas trading and storage joint venture it operates with the German f...>>>
100 Spot Commodities Price Chart - 10/09/2013 Sep 11,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,26 commodities increased in prices, 23 fell and 51 remained unchanged on 10/09/2013.The largest rises were Soda ash (3.02%),Xylene (2.60%),SBR (1.84%),while the largest falls were PA66...>>>
China industrial output growth at 17-month high Sep 11,2013
China's industrial production gained traction in August with its value-added output expanding at its fastest pace in 17 months, according to official data released Tuesday. A National Bureau of Statistics statement said the country's total industrial value-added output grew by 10.4 percent year on year last month, up 0.7 percentage points over J...>>>
ICE Brent, NYMEX crude settle lower; Syria strike expectations ease Sep 10,2013
ICE October Brent dipped to its lowest level in a week then settled $2.40 lower at $113.72/barrel Monday, while NYMEX crude also fell as uncertainty over a potential US strike against Syria remained. In after-hours trade, October Brent fell $3 to $113.12/b. NYMEX October crude settled $1.01 lower at $109.52/b. October ULSD settled 4.54 cents ...>>>
US biodiesel prices plunge on weakness in RINs, ULSD futures Sep 10,2013
US biodiesel assessments plunged Monday to their lowest levels in at least two months on combined weakness from RINs prices and NYMEX ULSD futures. Chicago SME biodiesel and US Gulf Coast SME biodiesel were both assessed 14.5 cents lower to $4.7685/gal and $4.8185/gal, respectively, amid ample supply, stagnant biomass-based diesel (D4) RINs pric...>>>
Iran's cement, clinker exports 43.5 pct up in 5 months: report Sep 10,2013
TEHRAN, Sept. 9 (Xinhua) -- Iran exported 8.064 million tons of cement and clinker in the first five months of the current Iranian calendar year, March 21- Aug. 22, 43.5 percent up year on year, Tehran Times daily reported on Monday. Exports of cement and clinker amounted to 6.52 million tons and 1.53 million tons respectively, the secretary of ...>>>
Biofuel-powered commercial flight debuts in Colombia Sep 10,2013
BOGOTA, Aug. 21 (Xinhua) -- Airline LAN Colombia on Wednesday carried out the South American country's first biofuel-powered commercial flight, opening a new chapter in its bid to cut greenhouse gas emissions. The flight, which took some 170 passengers from the capital to Cali, a city in southwestern Colombia, was a "milestone," said Ignacio Cue...>>>