Chemical News
-
Chemtura urethane price increase for Europe, Africa, Middle East Aug 06,2007
06 Aug 2007 - Effective September 1, 2007, or as contracts permit, Chemtura Europe will increase selling prices of most urethane prepolymers and curatives by EUR 0.20/kg in Europe, the Middle East and Africa. These changes are directly related to continuously escalating costs for raw materials, energy and transportation. >>>
NYMEX crude firms in usual Friday rally Aug 06,2007
New York --3Aug2007 NYMEX September crude futures on the Chicago Mercantile Exchange's Globex system were 35 cents higher at $77.21/barrel Friday, in a familiar rally ahead of the weekend. There was no news behind the latest push higher. "Fridays during hurricane season tend to be strong trading sessions, as shorts cover ahead of possible wee...>>>
ISO New England study sees continued reliance on gas-fired plants Aug 03,2007
Charlottesville, Virginia --2Aug2007 New England's heavy dependence on gas-fired plants is likely to continue, with fossil fuel costs driving electricity prices and emissions levels, according to a report released Thursday by ISO New England. The final New England Electricity Scenario Analysis is an eight-month study of how future resource ch...>>>
Polyplex to expand capacities at India, Thailand plants Aug 03,2007
New Delhi --2Aug2007 India's Polyplex Corp. is to set up new production lines for 38,000 mt/year biaxially oriented polypropylene film, 7,600 mt/year cast polypropylene film and 4,000 mt/year metallizer for CPP at its existing plant at Rayong in Thailand, and a 38,000 mt/year BOPP unit at Khatima in north India by March 2009, the company said i...>>>
Sinopec: no oil supply shortage in S China Aug 03,2007
BEIJING, Aug. 2 -- There is no oil supply shortage in South China, including Guangdong Province, Asia's top refiner Sinopec said Wednesday in a rebuttal to recent media reports. "Our own filling stations have enough oil supply for consumers' use. We do not see an oil product shortage at all," Sinopec spokesman Huang Wensheng said Wednesday. ...>>>
NYMEX crude opens 28 cents lower, extending Wednesday's losses Aug 03,2007
New York --2Aug2007 September crude futures on the New York Mercantile Exchange opened 28 cents lower at $76.25/barrel Thursday, extending Wednesday's losses which were precipitated by the weekly US oil data. A larger-than-expected 6.5 million barrel drop in US commercial crude stocks was overwhelmed by inventory builds in distillates and gasol...>>>
Canadian oil industry profits seen tumbling in 2007 Aug 03,2007
OTTAWA -- Spiraling costs will cause profits in Canada's oil industry to "plummet" almost 25% this year before recovering in 2008, a new report from the Conference Board of Canada shows. "Lower oil prices earlier in the year and rapidly rising industry costs will cut into industry profits in 2007," said Louis Theriault, director, Canadian industr...>>>
Dow announces price increase on caustic soda for US customers Aug 28,2007
Dow Chemical Company will implement a price increase on caustic soda for US customers, the company announced via press release Monday. Dow will increase off schedule selling prices for both membrane and diaphragm grades of caustic soda by $30/dry short ton. The price increase was said to be effective immediately or as contracts allow. ...>>>
Official: Malaysia's resilient economy to withstand impact of high oil prices Nov 23,2007
KUALA LUMPUR, Nov. 22 (Xinhua) -- Malaysia's resilient economy will enable the country to withstand challenges arising from the current soaring global crude oil prices, Second Finance Minister Nor Mohamed Yakcop said in Putrajaya, the administrative center of Malaysia on Thursday. The government was not too concerned about the situation because...>>>
BASF to delist from New York Stock Exchange Aug 01,2007
31 July 2007 - BASF is to file for voluntary delisting of its American Depositary Shares from the New York Stock Exchange. The delisting is expected to become effective on 6 September when the company’s American Depositary Receipts will no longer be traded. The ADR program will be maintained, however, so that investors will not need to exchange ...>>>
Average price for Urals oil exceeds $74 per barrel in July Aug 02,2007
MOSCOW, August 1 - The average price of Urals oil hit $74.24 per barrel in July against a record $69 last July, a source in the Russian economics ministry said Wednesday. The source said oil prices in July and August would allow the ministry to see if the Russian federal budget is on track to meet its targets, and whether there will be any inc...>>>
Crude prices decline after hitting new high Aug 02,2007
NEW YORK, Aug. 1 -- Crude prices declined Wednesday after hitting a new record on the government's report of a deep drop in crude inventories and surge in refinery activity. The Energy Department's Energy Information Administration reported that oil inventories fell by 6.5 million barrels last week, far more than expected. Light, sweet cru...>>>
Russia plans strategic program for chemical, petrochemical sectors Nov 23,2007
The Russian government has approved of a strategy for the development of the chemical and petrochemical industries up to 2015. The government has approved the basic provision of the strategy, and the document should be officially endorsed before 2008. The Industry and Energy Ministry have been tasked with taking into account issues discussed at the...>>>
Polymer Market Update in North America, August 27, 2007 Aug 29,2007
Hurricane Dean stayed south avoiding America's key petrochemical infrastructure in the gulf area. This was a great relief to the energy markets, which had built in a weather premium during the previous week. The resin markets also reacted this past week by developing a slightly negative tone. Although the change was more in sentiment than price, th...>>>
Polyethylene Market Update in North America, August 27, 2007 Aug 29,2007
Volume: Good Price: Lower The Polyethylene market came under pressure this past week with spot prices easing about $.01/lb. The market has now fully given back the premium that it had earned in the first part of the month when producers were trying to enact their $.04/lb price increase in August. With softer export demand alongside lower energy ...>>>
Polypropylene Market Update in North America, August 27, 2007 Aug 29,2007
Volume: higher Price: Steady Spot Polypropylene prices waffled this past week, much as they have during most of August. The spot market however, did make a quick $.01/lb gain around the beginning of the month in response to an early $.015/lb higher Propylene monomer settlement for August contracts. The market tried to gain momentum a couple of...>>>
Polystyrene Market Update in North America, August 27, 2007 Aug 29,2007
Volume: Better Price: Lower Spot Polystyrene slipped about $.01/lb this past week. It seems that producers have become a little more aggressive in moving product and we have seen the result in softer prices. While we continue to see a fair amount of lower quality cars, which are often best for export, we have also been seeing a better flow of ...>>>
Crude prices retreat on inventory report Nov 22,2007
NEW YORK, Nov. 21 (Xinhua) -- Crude prices retreated Wednesday on the latest U.S. inventory report. The U.S. Energy Information Administration (EIA) reported that crude inventories fell by 1.1 million barrels last week. The EIA also said refinery activity fell last week, countering expectations for a slight increase. Gasoline inventories gr...>>>
Report: Russia oil output to rise modestly over next few years Nov 19,2007
WASHINGTON, Nov. 16 (Xinhua) -- Russian oil output will grow only modestly over the next few years, and the government is considering new tax breaks to stimulate investment and boost production, The Wall Street Journal reported on Friday. Russia, the world's No. 2 crude exporter after Saudi Arabia, would produce around 10.4 million barrels per ...>>>
Dow Announces Price Increases of its Epoxy Resins in Asia Pacific Nov 15,2007
Hong Kong - November 14, 2007 Dow Epoxy, a business unit of The Dow Chemical Company (“Dow”), is announcing price increases for its Epoxy Resins in Asia Pacific. Effective December 1, 2007, or as contract terms allow, D.E.H.™ epoxy hardeners and D.E.R.™ liquid, liquid blend, solid, solid solution and brominated epoxy resin products ...>>>
International Chemical Exhibition
-
Advertisement
-
