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 ...
Tags: Polyethylene, Chemicals
In April 2012, Stion Corp of San Jose, CA, USA, which makes nanostructure-based CIGS (copper indium gallium sulphur-diselenide) thin-film photovoltaic panels, installed a 60kW demonstration array in Hattiesburg, MS consisting of some of the ...
Tags: Modules, Electrical, Electronics
Ford Australia will cut vehicle production in the lead-up to September’s federal election following record-low sales, which the company has blamed primarily on the government’s proposed fringe benefits tax (FBT) rule changes. ...
Tags: Ford Australia
The Holden Commodore has outsold traditional rival Ford Falcon by almost five to one, with the VF generation tallying 2827 units in July and boosting year-on-year performance by 17.8 per cent. Conversely, with a new record low of 594 ...
Tags: Holden Commodore, Ford Falcon
China's thermal coal imports in June fell 24% on the month to 9.75 million mt, the country's lowest monthly intake since February when imports were severely impacted by the Lunar New Year holiday, according to China customs data released ...
Tags: Thermal Coal, Chemicals
THE Australian dollar rose after investors interpreted the Reserve Bank of Australia minutes as suggesting there was less chance of another rate cut in August. At 6.30am AEST the local unit was trading at 92.54 US cents, up from 91.82 ...
Tags: economy
HTC's second quarter net profit plummeted 83 percent year on year as sales of the company's latest flagship handset failed to meet expectations. The company reported net profit of NT$1.25 billion (US$41.6 million), down from NT$7.4 ...
THE Australian dollar is higher after a comment from Reserve Bank governor Glenn Stevens that caused the local currency to fall to a three-year low was dismissed as a lighthearted remark. At 5pm today, the local unit was trading at 91.06 ...
THE dollar received a fillip yesterday after a top Reserve Bank official said financial markets had misinterpreted comments by governor Glenn Stevens that seemed to indicate another rate cut was imminent. Philip Lowe, deputy governor of ...
Tags: economy, market, financial market
The Gulf Coast heating oil differential fell 75 points Wednesday as US production and stocks increased and traders cited trouble finding ships to move any export barrels. Platts assessed the Gulf Coast heating oil differential at NYMEX ...
Tags: Heating Oil, Chemicals
Saharan Blend's increased role as a blending crude for the slew of sourgrades headed to Europe has helped the naphtha-rich grade shrug offchronically low naphtha cracks, market sources said Friday. In turn, the Algerian crude has halted ...
Tags: Metallurgy, Mineral, Energy
The Aussie slumped to a fresh 33-month low today as the US central bank signalled plans to rein in its stimulus program before the end of the year and China's economy showed more signs of a slowdown. At 5pm AEST, the Aussie was trading at ...
Nucor, one of the major steel manufacturers in the US said that d its sales profits in the second quarter might be lower than the market analysts' forecast due to decreased steel melting sales in the given period of time. The company said ...
Tags: Construction, steel
The dollar is slightly higher as traders wait for an announcement on whether the US Federal Reserve will wind down its economic stimulus measures. At 5PM AEST, the Aussie was trading at US96.21c, up from US95.94c on Friday. On Thursday ...
Tags: Dollar, US Federal Reserve
The Australian dollar slumped to a near three-year low during Asia trade after local economic data disappointed and Goldman Sachs warned the resource-rich country was at risk of a steep economic downturn. New government figures today ...
Tags: Australian Dollar, Service