Chemical News
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Australia's mining boom rolls on for Chinese entrepreneur in the outback Aug 26,2013
(Reuters) - Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over. For him its just moved north. As some mining firms clock up billions of dollars in losses, Ren has secured millions of acres of exploration rights in Australia's most remote region...>>>
Asian stocks breathe easier, gold near three-month highs Aug 26,2013
(Reuters) - Asian stocks rose and gold hit a near three-month high while the dollar nursed losses on Monday, extending a move started late last week when a steep drop in U.S. new home sales tempered expectations the Federal Reserve will soon reduce stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.3 pe...>>>
TCM seeds from space head to the lab Aug 26,2013
Traditional Chinese medicine may be the latest sector to benefit from cosmic farming as 150 grams of space-exposed ginseng seeds were delivered to a State lab on Friday. "We hope the space ginseng will be bigger, more resistant to disease and have increased medicinal potency," said Zhou Hua, professor of Macau University of Science and Technolo...>>>
Argentina's July polymer output down 15.3% from year ago: government Aug 26,2013
Argentine polymer and synthetic rubber output fell 15.3% in July compared with the year-earlier period, the state statistics office Indec said Friday. Production of these petrochemicals also was down 23.3% compared with June, Indec said in a report that did not give actual volumes. For the first seven months of the year, output slipped 3.6% f...>>>
100 Spot Commodities Price Chart - 23/08/2013 Aug 26,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 20 fell and 64 remained unchanged on 23/08/2013.The largest rises were Silver (1.62%),Ethylene oxide (1.41%),Copper (0.59%),while the largest falls ...>>>
PetroChina sees shale accounting for one-fifth of gas output Aug 26,2013
Chinese state-owned PetroChina expects shale gas to ultimately account for about 20% of its total gas production and is now progressing plans to accelerate its domestic resources. Speaking at a press conference to discuss its interim results Thursday, company president Wang Dongjin said its total unconventional gas production is forecast to reac...>>>
Venezuela's July CVG-Alcasa output slides 22% year on year to 3,954 mt Aug 23,2013
Venezuela's CVG-Alcasa primary aluminum production for July totaled 3,954 metric tons in July, down 22% from output of 5,082 mt in July 2012 and 1% below output of 3,996 mt for June, the company said Thursday. Alcasa is operating at about 35% of installed capacity, and efforts to raise production through a $430 million joint venture with Aluminu...>>>
EU to terminate anti-dumping investigation over China's steel fittings Aug 23,2013
BRUSSELS, Aug. 21 (Xinhua) -- The European Commission (EC) said on Wednesday it had decided to terminate anti-dumping proceeding concerning imports of stainless steel tube and pipe butt welding fittings originating from China. The EC launched an investigation following complaints over alleged injurious dumping in September last year from the def...>>>
Venezuela's July CVG-Alcasa output slides 22% year on year to 3,954 mt Aug 23,2013
Venezuela's CVG-Alcasa primary aluminum production for July totaled 3,954 metric tons in July, down 22% from output of 5,082 mt in July 2012 and 1% below output of 3,996 mt for June, the company said Thursday. Alcasa is operating at about 35% of installed capacity, and efforts to raise production through a $430 million joint venture with Aluminu...>>>
OMV announces record investment in North Sea oil, gas fields Aug 23,2013
VIENNA, Aug. 19 (Xinhua) -- Austrian oil and gas company OMV announced Monday a 2.65-billion-U.S. dollar acquisition of North Sea interests from Norwegian company Statoil, making it the largest industrial investment in Austrian history. In the deal expected to be closed by the end of 2013, OMV will acquire 19 percent of the Gullfaks oil and gas ...>>>
Higher feedstock prices, bullish data spark talk of Sep polyethylene increases Aug 23,2013
Polyethylene producers are targeting higher prices in September amid increases in feedstock naphtha and improved economic data, sources said this week. Naphtha was assessed at $914.5/mt CIF NWE Wednesday, up $2.50 on the week. The average value for naphtha so far this month is up to $899.90/mt CIF NWE, compared with July's average of $876.80/mt ...>>>
Wide naphtha/propane price spread makes propane attractive as petchems feedstock Aug 23,2013
A wide price spread between naphtha and cheaper propane is making propane an attractive petrochemicals feedstock in Northwest Europe. When heating demand is low during the summer large quantities of North Sea propane are used by the petchems sector as an alternative feedstock to naphtha with the delivered propane price at a discount to the deliv...>>>
US petroleum, products rail volumes rise 19.6% year on year in most recent week Aug 23,2013
Transportation of petroleum and petroleum products by rail in the US in the week that ended Saturday totaled 13,098 cars, up 19.6% compared with the year-ago period, the Association of American Railroads said Thursday. In the year to date, petroleum and petroleum product shipments totaled 447,318 carloads, 42% above the same period of 2012, the ...>>>
U.S. petroleum demand hits three-year high in July Aug 23,2013
WASHINGTON, Aug. 22 (Xinhua) -- The overall petroleum demand in the United States jumped in July to the highest level in three years, said a leading industry group in a report released Thursday. The total petroleum deliveries, a measure of demand, rose 1.7 percent in July from a year ago to average 18.9 million barrels per day, said the American...>>>
100 Spot Commodities Price Chart - 22/08/2013 Aug 23,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,13 commodities increased in prices, 36 fell and 51 remained unchanged on 22/08/2013.The largest rises were Chloroform (3.21%),Acrylic acid (1.95%),Coke (0.62%),while the largest falls ...>>>
PetroChina eager for reform Aug 23,2013
PetroChina Co Ltd, the nation's leading oil and natural gas producer, said on Thursday it expects a 20-billion-yuan ($3.3 billion) annual profit boost from the government's natural gas price reform. That inflow will further buoy the State-owned company's natural gas business, which saw a surge in first-half profit. The National Development an...>>>
US ethanol production falls to three-week low, stocks rise: EIA Aug 22,2013
US ethanol production fell 13,000 b/d to a three-week low of 844,000 b/d the reporting week ended August 16, but ethanol stocks rose 57,000 barrels to 16.482 million barrels, Energy Information Administration data showed Wednesday. The slight increase in ethanol stocks came from builds in the East Coast, Gulf Coast and Rocky Mountain regions. ...>>>
Dow shuts light hydrocarbon cracking unit at Texas plant: source Aug 22,2013
US olefins producer Dow Chemical has shut the No. 7 light hydrocarbon cracking unit at its Freeport, Texas, complex, a company source close to the operations said Wednesday. In a Tuesday emissions report filed with the Texas Commission on Environmental Quality, Dow said it was flaring about 98,000 lb of ethylene, 40,000 lb of propylene and 31,00...>>>
Australian Asciano's 2012-13 profit jumps 41% on new coal haulage contracts Aug 22,2013
Australian port and rail company Asciano Wednesday posted a 41.2% year-on-year rise in net profit to A$342 million ($311 million) for the fiscal year to June 30, due in part to new rail contracts to haul coal in the state of Queensland and strong volume growth in neighboring New South Wales. Revenue rose 7.8% year on year to A$3.7 billion in fis...>>>
NYMEX September gas settles 1.6 cents higher on supportive weather Aug 22,2013
The NYMEX September natural gas futures contract posted a preliminary settlement Wednesday of $3.46/MMBtu, up 1.6 cents, on a supportive short-term weather outlook and as traders bided time before Thursday's storage report. The NYMEX settlement is considered preliminary and is subject to change until a final settlement is posted at 7 p.m. EDT (2...>>>