European imports of polyethylene terephthalate shot up by over 30% in 2013, according to Eurostat data published this week, and market participants believe that the specter of imports continues to loom over European producers. From ...
Eastern Canada's Nova Scotia government is in favor of the proposed 1.1 million b/d Energy East crude oil pipeline terminating at a deep water port in the province, rather than in neighboring New Brunswick on the Atlantic coast, the ...
Tags: Nova Scotia, Oil Pipeline
China's Ministry of Commerce announced Monday in a preliminary ruling that the European Union and the United States have dumped perchlorethylene on the Chinese market. The ruling said perchlorethylene imports from the two regions have ...
Argentine Presidential Chief of Staff Jorge Capitanich said Monday that a proposed reduction in state energy subsidies will help increase investment in the sector, making it possible to boost gas production and scale back imports. "What ...
Tags: Energy Subsidy, Gas Imports
India's state-owned refiners, who have all posted net losses over the first nine months of fiscal year 2013-2014 (April-March), are expected to turn in a profit for the full year as the government is likely to fully compensate them for ...
Tags: Refiners, Full-Year Losses
A new bioactive molecule from the Centella asiatica plant has been discovered by researchers at Sederma's Instituto di Ricerche Biotecnologiche (IRB). The molecule, 4-malonil-3,5- dicaffeoylquinic acid (known as irbic acid), has always ...
Tags: bioactive molecule, new technology
In a long-anticipated move, the US Environmental Protection Agency on Tuesday released guidelines for the use of diesel fuel in hydraulic fracturing fluid. The guidelines bring the agency into compliance with the Energy Policy Act of ...
Tags: Diesel Fuel, Fracking Fluid
FOB values for Black Sea and Mediterranean crudes have continued to rebound after hitting more than two-year lows early in the new year. On Monday, Aframax FOB Supsa Azeri Light cargoes were assessed at a $2.295/b premium to the BTC Brent ...
Tags: Freight Drops, Chemicals
US Gulf Coast propane was assessed 9% lower at $1.55/gal Tuesday on a warmer weather forecast for much of the US, sources said. "This is what happens when you get strong run-up in prices," said analyst Peter Fasullo of EnVantage. Gulf ...
Tags: propane, Gulf Coast
Stockpiles of imported iron ore at 25 major Chinese ports dropped slightly during the previous two weeks, which included the weeklong Spring Festival holiday, new data showed Tuesday. At the end of the Jan. 28 to Feb. 10 period, ...
Tags: Iron Ore, Stockpiles
The US acrylonitrile export assessment rose $25/mt week over week Tuesday to a more than 11-month high of $1,940/mt FOB US Gulf Coast on continued tight supply. The assessment reached its highest level since March 5, 2013, when it was at ...
Tags: Acrylonitrile, Chemicals
Momentive Performance Materials Quartz Inc (MPM) has increased and expanded its manufacturing capacity of tantalum carbide coatings (TaC) in response to the growing demand for silicon carbide (SiC) power devices and the increased need for ...
Styrene monomer prices nosedived $40/mt or 2.4% Monday to $1,594.50/mt FOB Korea and $1,621.50/mt CFR China, compared to last Friday, as the Chinese market returned from the Lunar New Year holidays amid a build-up in inventory levels and ...
US toluene disproportionation, Mobil selective toluene disproportionation and hydrodealkylation margins moved higher on Monday after spot benzene prices surged, sources said. TDP margins rose $43/mt to be estimated Monday at $298.87/mt, ...
Tags: Spot Benzene, Chemicals
US raw steel production climbed 1.9% last week on robust growth in Southern steel output, American Iron and Steel Institute data published Monday showed. In the week ended Saturday, US mills produced 1.839 million st, up 1.9% from the ...