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Fcfc Plans to Undertake Maintenance Turnaround at Its Line No.1 of Its Aromatics Plant
Mar 25, 2013Taiwan-based Formosa Chemical and Fibre Corp (FCFC) plans to undertake maintenance turnaround at its line No.1 of its aromatics plant in March 2013. “The line No.1 of our aromatics plant will undergo a scheduled maintenance ...
Tags: aromatics plant, Chemical, Fibre
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European Mixed Xylene Prices Were Under Downward Pressure From The Sharp Correction
Mar 22, 2013European mixed xylene prices were under downward pressure from the sharp correction in Asian and US mixed xylenes prices. Market sources said European isomer-mixed xylenes were trading at $1,290/mt FOB ARA, down $10 from Platts' March 15 ...
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Iran Is Re-appraising an Offshore Oil Field
Mar 22, 2013Iran is re-appraising an offshore oil field that India's Oil and Natural Gas Corporation (ONGC) had abandoned as commercially non-viable, the semi-official Mehr news agency reported Wednesday. "The project is at the stage of processing ...
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US Energy Industry Must Vigorously Oppose Efforts to Restrict LNG Exports
Mar 22, 2013The US energy industry must vigorously oppose efforts to restrict exports of liquefied natural gas, ExxonMobil Chemical President Stephen Pryor said Wednesday at the IHS World Petrochemical Conference. As the US Department of Energy ...
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Russia's Gazprom Wednesday Signed a Deal with Czech Oil and Gas Producer MND Group
Mar 22, 2013Russia's Gazprom Wednesday signed a deal with Czech oil and gas producer MND Group to build a new underground gas storage facility in Damborice, in the South Moravian region of the Czech Republic. "The underground gas storage facility ...
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Peruvian Polyvinyl Chloride Market Flipped Into Backwardation for April
Mar 22, 2013The Peruvian polyvinyl chloride market flipped into backwardation for April as buyers took long positions in anticipation of lengthening supply in second-quarter 2013, sources said Thursday. "Consumers are buying only the minimum amount ...
Tags: PVC Dips, Seasonal Demand, Peruvian
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Polyolefins Prices Increased in Line with The Crude Oil Prices Because of Iran Sanctions
Mar 22, 2013Polyolefins prices increased in line with the crude oil prices. But trading slowed down across the global markets despitethe economic stimulus measures. Many buyers and converters bought only enough for production. However, supply in 2012 ...
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Gasoil Swaps in Singapore Narrowed 15 Cents/barrel Day on Day to a Seven-week Low
Mar 22, 2013The time spread for gasoil swaps in Singapore narrowed 15 cents/barrel day on day to a seven-week low of plus 3 cents/b for April/May Wednesday, because of low regional gasoil demand and concerns over increased exports from China and India, ...
Tags: Chemicals, Metallurgy, Mineral, Energy
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Singapore-listed Noble Group Has Acquired a 5.34% Equity Stake in The Australian Company
Mar 22, 2013Singapore-listed Noble Group has acquired a 5.34% equity stake in the Australian company developing the first large-scale underground coal mine in Indonesia in recent years in a move widely seen as a vote of confidence in the fledgling ...
Tags: Coal Mine, Coal, Metallurgy, Mineral, Energy
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Buyers of Polyethylene Terephthalate Expect PET Prices to Decline in April
Mar 22, 2013Buyers of polyethylene terephthalate in Europe are reluctant to build inventories as they expect PET prices to decline in April, market sources said this week. These expectations are being driven by weaker upstream markets, as contract ...
Tags: Chemicals
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Third Key Congressional Committee Has Entered The Debate Over The Renewable Fuel Standard
Mar 22, 2013A third key congressional committee has entered the debate over the Renewable Fuel Standard, calling for comment on a series of questions and issuing a "white paper" detailing concerns about the biofuels mandate and some of the proposed ...
Tags: Chemicals, Metallurgy, Mineral, Energy, Renewable Fuel
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Day-ahead Gas Prices on Continental Europe's Trading Hubs Were Mixed Thursday Morning
Mar 22, 2013Day-ahead gas prices on Continental Europe's trading hubs were mixed Thursday morning, as the Dutch TTF climbed from Wednesday's assessment, while spot prices on the German markets fell back by over half a euro. At midday UK time, the ...
Tags: Gas, Metallurgy, Mineral, Energy
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Fujian Meide Petrochemical Co. Ltd. Will Use Honeywell's Uop C3 Oleflex Process Technology
Mar 21, 2013UOP LLC, a Honeywell company, announced it has been selected to provide technology to produce propylene in China. Fujian Meide Petrochemical Co. Ltd. will use Honeywell’s UOP C3 Oleflex process technology to convert propane to ...
Tags: propylene, UOP petrochemical, Textile
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Oil Futures Settled Higher Wednesday
Mar 21, 2013Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
