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Polymer News On May-3-2007Nigerian oil industry witnesses kidnappings of nearly 17 foreign workersMay 3, 2007Oil industry sources in Nigeria informed a polymerupdate team member that gunmen kidnapped nearly 17 oil workers in Nigeria inc... ExxonMobil~s Singapore cracker unaffected by fireMay 3, 2007Following the reports of the fire which broke out at ExxonMobil~s 309,000 barrel per day refinery at Jurong Island in Singapore... Royal Dutch Shell 1st Quarter 2007 resultsMay 3, 2007... LLDPE offers inch up in AsiaMay 3, 2007The buying pulse in Asia’s LLDPE markets this week was slow mainly on account of the absence of the Chinese who were away celeb... Borealis announces R$18 million investment in BrazilMay 3, 2007Borealis, a leading provider of innovative, value creating plastics solutions, will invest R$ 18 million in the acquisition of ... Basell to relocate North American headquartersMay 3, 2007Basell announced that it plans to relocate its North American headquarters from Elkton, Maryland to a new fit-for-purpose facil... Plant Updates - 3rd May, 2007 (Part II)May 3, 2007... Plant Updates - 3rd May, 2007 (Part I)May 3, 2007... Propylene offers firm at USD 1230/mt CFR South East AsiaMay 3, 2007Propylene prices continued to quote firm in Asia this week despite weaker upstream energy rates and lackluster buying activity ... Honam completes purchase of term supply naphthaMay 3, 2007An industry source based in South Korea reported today that a purchase of 150,000 tonnes of open-spec naphtha was made by Honam... Saudi Kayan awards contract for construction of HDPE plant to Chinese firmMay 3, 2007While in conversation with an industry source in Saudi Arabia last evening a polymerupdate team member was told that a prelimin... Eastman Chemical Company sells San Roque site PET facilities to La Seda de BarcelonaMay 3, 2007Eastman Chemical Company announced yesterday that it had completed the sale of Eastman Chemical Iberia, S.A., located in San Ro... Asian LDPE maker up revises rates with immediate effectMay 3, 2007The week long labour holidays in China notwithstanding and contrary to the decline recorded in prices of crude and naphtha, a ... Mangalore most ideal location for PCPIR, says Veerappa MoilyMay 3, 2007A local industry source, quoting from a leading national daily newspaper, reported that as per a letter written by Chairman of ... Fire breakout causes Singapore Exxon refinery to partly shutdownMay 3, 2007The polymerupdate team this morning was alerted about a fire at ExxonMobil’s Singapore refinery which broke out at 01:15 local ... UOP selected by South Korea~s KP Chemical for MX Sorbex(TM) process unitMay 3, 2007UOP LLC, a Honeywell company, announced on Wednesday May 2nd that KP Chemical Corp., an affiliate of South Korea~s Lotte Group... LME Plastics Prices (LLDPE & PP) - 2nd May 2007May 3, 2007... Falling crude impacts naphtha. Asian forward market prices dragged lower.May 3, 2007Asian open spec naphtha prices ended the day on Wednesday down. Bid prices for the 1st half of June were assessed at the USD 69... Crude prices fall even though the DoE reports a 12th straight week decline in U.S. Gasoline stocksMay 3, 2007Crude prices on Wednesday declined, falling despite a mid week report from the U.S. Department Of Energy (DOE) showing yet anot... Bid prices for SM dip across AsiaMay 3, 2007Styrene Monomer (SM) prices on Wednesday ended the day down in Asia. Not only were prices dragged lower by weaker crude and nap... HPL~s short term borrowing programme assigned highest credit quality rating by ICRAMay 3, 2007According to a polymerupdate source, Indian Petrochemical major Haldia Petrochemicals Ltd (HPL) has issued a statement in which... Shaw Signs LOI with Petrokemya for Equipment and Services to Expand Capacity of Ethylene Unit in Saudi ArabiaMay 3, 2007The Shaw Group Inc. on Wednesday, May 2nd announced that its Shaw Stone & Webster business unit had signed two letters of inten... Arkema sells to Taminco its Specialty Amines business in North AmericaMay 3, 2007Arkema announced the sale to Taminco of its Specialty Amines activity produced in the Riverview (Michigan) facility. Part of th... Huntsman to Increase MDI Prices in the Americas RegionMay 3, 2007Huntsman Corporation announced May 1st that its Polyurethanes division will increase prices in the NAFTA region for all MDI pro... PX prices in Asia quote steady to firmMay 3, 2007Despite weak signals from global energy markets, Asian paraxylene (PX) rates ended the day on Wednesday higher. Helping prices ... Benzene prices fall into a bear trap. Rates hammered lower across Asia.May 3, 2007Asian benzene prices were hammered down on Wednesday, falling more than USD 20/mt on the back of bearish market triggers includ... Dow Polyurethanes Completes Acquisition of Hyperlast Systems BusinessMay 3, 2007Dow Polyurethanes, a business group of The Dow Chemical Company (Dow), announced on Wednesday, May 2nd, that it had completed ... |