demand
Mar 23rd, 2010
Ethanol is Not the Fuel of the Future for U.S.
Tennessee Voices
The Tennessee Voices article on ethanol by Jaime Dachelet (”Ethanol provides many benefits,” March 10) reads like a free advertisement for Eco-Energy, a business that markets ethanol.
The writer, their director of public relations, dismisses as “bugaboo” any engine problems related to this form of alcohol distilled from corn.
Yet, as my friend and mechanic of...
Mar 22nd, 2010
U.S. Government Exposes Its Own Oil Supply And Demand Data To Be Completely Flawed
The Department of Energy has just released a study that found ‘critical shortcomings’ in U.S. oil inventory data.
The documents, obtained through a Freedom of Information Act request, expose several errors in the Energy Information Agency’s weekly oil report, including one in September that was large enough to cause a jump in oil prices, and a...
Mar 19th, 2010
Data Points to Modest Recovery, Muted Inflation in US
Labor market and consumer prices data on Thursday showed the US economy is on a moderate growth path and inflation pressures are contained, backing up the Federal Reserve’s vow to keep benchmark interest rates ultra-low for some time.
Initial claims for state unemployment benefits fell 5,000 to 457,000 last week, the Labor Department said, suggesting...
Jan 25th, 2010
Crude Oil Dips to US$75 Levels
A Wall Street dropped for a third consecutive session, oil prices have fallen to US$74.5 on the Nymex, and to US$72.83 on the ICE Futures exchange in London. Oil prices are weakening amid ongoing concerns about weak energy demand and a third day of selloff in US stock markets.
Thursday’s report by the Energy Information...
Dec 23rd, 2009
Celanese Corp. to increase prices
Chemical company Celanese Corp. is increasing prices on certain products in the United States, Central and South America, Asia and Europe.
A spokesman for the company said “normal business justifications” prompted the company’s decision to increase prices.
In its most recent third-quarter earnings report, Dallas-based Celanese Corp. (NYSE: CE) reported that it experienced a drop in overall...
Jul 27th, 2009
Chalco sheds 3.6 pct after warning of H1 loss
Aluminum Corp of China Ltd (Chalco) (2600.HK) slid in Monday morning trade after the world’s No.3 alumina producer warned of a loss in the first half of 2009 due to low aluminum demand and prices.
The stock was down 3.6 percent at HK$8.50 by 0205 GMT.
The company said its utilisation rate was low while international and...
Jul 23rd, 2009
Japanese Petrochem Makers Mull Added Imports of Naphtha (23-7-2009)
Poor refining margins have forced Japanese refiners to cut crude runs, while increased demand for naphtha from petrochemical firms has lead to lower inventories. Though Japan’s naphtha stocks that had dipped to 11 year lows, have risen, inventory levels continue to be low. As demand from China strengthens, Japan’s petrochemical makers mull added imports to...
Jul 22nd, 2009
Barite Market Review 2009 Has Been Recently Completed by Merchant Research & Consulting, Ltd.
In January 2009, British consulting company published a new report “Barite Market Review 2009″.
This report focuses on the study of the global barite markets. It provides region analysis on barite production. It features major barite producers, prices, supply and demand conditions, international trade, etc. The review also includes future outlook of the world barite market.
Barite...
Jul 22nd, 2009
Potash Market in 2009: Outlines, Prices, Behavior of Key Players
Potash Market in 2009: Outlines, Prices, Behavior of Key Players
Three international companies, BelarussianPotashCo., Israel Chemicals Ltd. and Arab Potash Co, proposed to supply Indian buyers with potash at around US$460/mt for the summer-autumn 2009 season. This price offer has been largely affected by the recent contract between Russian potash manufacturer Silvinit (represented by IPC, Russia)...
Jul 22nd, 2009
PhosChem Announces Increased Volume To Existing DAP Contract With Indian Customers
Phosphate Chemicals Export Association, Inc. (PhosChem) announced an increase in volume to its existing diammonium phosphate (DAP) supply contract with its Indian customers. The volume will be increased by up to 500,000 tonnes from the initial 1.25 million tonnes agreed to earlier this year. Under the terms of the original contract, the price will be...
Jul 21st, 2009
Tyre Makers in Asia Raise Concerns Over Feedstock BD Surge
SINGAPORE (ICIS news)–Tyre makers in Asia have raised concerns over soaring feedstock butadiene (BD) prices, which may hamper demand recovery and impact on their fourth-quarter (Q4) contract negotiations with the styrene butadiene rubber (SBR) producers.
BD is the feedstock for SBR, which in turn is used in the manufacture of tyres for the automotive industry.
“The feedstock...
Nov 19th, 2008
PVC prices expected to perk up in Asia
PVC prices are expected to pick up in Asia as the market awaits next month offers. Most PVC deals for the month have been concluded and sellers prefer to wait and watch for effects of the economic stimulus package announced in China, before they quote for December. Sellers lack the keenness to settle for low...
Nov 18th, 2008
As markets tank, chemical companies decrease production by 20-50%
A sharp fall in prices and a decrease in the demand for chemicals on the foreign and Ukrainian markets in October has triggered a 20-50% decrease in chemical production, according to Ukrainian Industry Minister Volodymyr Novytsky.
“Ammonium prices on the foreign market fell by three times compared to the third quarter of this year. The demand...
Nov 14th, 2008
SABIC Innovative Plastics Jazzes Up Auto Window Glazing with New Exatec E900 Grafx Technology for Very Cool, Eye-Popping Graphics
WIXOM, Mich. — The graphical potential of automotive windows has always tempted designers - who have seen glazing as a blank canvas - to let their creativity flow. Now, SABIC Innovative Plastics offers a completely new approach to decorating windows that opens up fresh, new colorful designs with brand styling differentiation possibilities. Exatec* E900 Grafx...
Nov 13th, 2008
Honeywell Signs Supply Agreement With Chinese Company For Aclar® Film
SHANGHAI — Honeywell announced that it has signed a three-year supply agreement with Shanghai Haishun Packaging Material Co., Ltd., to provide the Chinese company with Honeywell’s Aclar® brand moisture-barrier films for pharmaceutical packaging.
Honeywell will also provide technical services and training to Haishun as part of the agreement.
“We continue to focus on meeting the current and...
Nov 11th, 2008
SABIC Launches Conversion Efficient Polypropylene Flowpact Composite for European Thin Wall Packaging Industry
SITTARD, The Netherlands — SABIC is proud to announce a polypropylene product development breakthrough by introducing SABIC® PP FPC55 into the European Packaging market during the AMI Thin Wall Packaging 2008 event in Cologne from 28th till 30th October SABIC specially developed this innovative grade in response to the specific needs of today’s injection moulding...
Nov 11th, 2008
Ferro Introduces New Filled and Reinforced Polypropylene Compounds, Plastic Color Concentrates and Anti-Microbial Additive Packages
CLEVELAND — Ferro Corporation’s Engineered Polymer Products (EPP) business has introduced several new products that cut costs or provide enhanced performance to end-use products.
New Gapex® HP products
These new high performance, chemically coupled fiberglass-reinforced polypropylene compounds provide 15 to 30 percent higher tensile strength and rigidity than Ferro’s standard Gapex compounds. These attributes allow the...
Nov 11th, 2008
Meat is Served to Eastern Europe on a Tray
The growing market for self-service fresh meat in Eastern Europe has been reflected in increased demand for MAP meat tray solutions from RPC.
As in Western Europe, the driving force behind the move towards self-service and selection is the growing dominance of retail chains, who prefer pre-packaged meats to cater to busy consumers who value the...
Nov 11th, 2008
Oil-Sands Spending to Fall 20% on Shell, Suncor, Encana Delays
Energy companies are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive.
Royal Dutch Shell Plc, the world’s second-largest oil company, and Calgary-based Suncor Energy Inc. and Encana Corp. said they will reduce plans to extract bitumen, the tar-like raw...
Nov 10th, 2008
Iran Says OPEC May Meet Before December If Oil Keeps Declining
The Organization of Petroleum Exporting Countries may decide to meet again before its scheduled Dec. 17 gathering in Oran, Algeria, should prices keep sliding, Iran’s oil minister said.
“If this trend continues it is possible for a meeting to take place before December,” Iran’s Gholamhossein Nozari told reporters at a conference in Tehran today.
OPEC...