The Asia Contract Price for paraxylene is likely to reach a settlement for June, after no conclusion for May, as a firmer purified terephthalic acid production margin has narrowed the gap between buyers and sellers, sources close to the ...
Tags: paraxylene, Chemicals
A combination of new supply sources and rising costs at home could mean Australia's burgeoning LNG sector losing ground to new players, several speakers at an oil industry conference in Brisbane warned this week. On Sunday the chief ...
Tags: Australian LNG, New Supply
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
A new study released by the Canadian Food Inspection Agency (CFIA) found that more than 96% of food colors tested in selected foods were compliant with Canada’s Food and Drug Regulations. For the study, the agency tested a total of ...
Tags: Food Color Testing, Food
Netherlands-based financial conglomerate ING has received offers for its South Korean life insurance business from a Korean life insurer and two Seoul-based private-equity firms. The three bidders include Kyobo Life Insurance Co and ...
Tags: ING, Bids, Insurer Business
European airlines and airports are facing fundamental changes: The increasing popularity of low-cost carriers and airlines from the Middle East is changing the competitive landscape. Leisure and business travelers' strong price sensitivity ...
Tags: Transportation, Airlines
Despite the increasing production cost and shift in orders by global apparel and textile buyers from China to other Asian countries, several global clothing and textile brands are still sourcing major portion of their clothing from China. ...
Tags: Textile, Apparel and Clothing
The petrochemical companies of the Gulf countries should focus on the sustainability of the petrochemical supply chain in order to help the sector develop further, said Saleh Al-Shabnan, the vice-chairman of Gulf Petrochemical and Chemical ...
Tags: Textile
An initial European monoethylene glycol May contract price was settled lower by Eur55/mt ($71/mt) to Eur965/mt FD NWE Thursday, industry sources said. The parties involved could not be immediately confirmed. The decrease was driven by ...
Tags: Chemicals, monoethylene glycol
The price spread between Asian styrene monomer and petrochemical feedstock naphtha hit an eight-year high of $819.90/mt Wednesday on short covering amid low spot inventory in China, Platts data showed. SM prices jumped $10.50/mt day on ...
Tags: Chemicals, petrochemical, styrene monomer
The S&P/ASX200 has closed down 2 per cent at 5062.4, as slower Chinese manufacturing activity in May combined with signs that the US Federal Reserve could start rolling back its bond-buying program to send the local sharemarket to its ...
A SHOCK contraction in Chinese manufacturing and the prospect that the US Federal Reserve could soon unwind its quantitative easing measures rocked local markets yesterday, pushing the Australian dollar close to an annual low and wiping ...
The Governments of India and Iran have reached a basic barter deal, wherein India will be able to buy Iranian oil in exchange for its textiles. Initially, a preliminary agreement would be signed between the private sectors of the two ...
Global 2013/14 cotton mill use is forecast at 110.4 million bales, up 2 percent from 2012/13, reflecting a favorable world economic outlook. The World Economic Outlook of the International Monetary Fund (IMF) forecasts global economic ...
Tags: Cotton Consumption, Textile
The European monoethylene glycol May contract price was fully settled Thursday Eur965/mt ($1,252/mt) FD NWE, industry sources said Friday. It represents a fall of Eur55/mt from April The initial settlement was between Shell as a seller ...
Tags: Monoethylene Glycol, Chemicals