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Mar 28th, 2011

Oil Eases as Libya Rebels Recapture Major Oil Port

In other Nymex trading for April contracts heating oil fell 0.2 cents at US$3.05 a gallon and gasoline was steady at US$3.04 a gallon. World oil prices eased in Asian trade Monday as Europe debt concerns escalated following reduction in bailout package by the EU. Light sweet crude for May delivery was seen trading at US$105.02...

Nov 9th, 2010

Greenies Call for Carbon Price by 2012

Environmental groups are calling for a national carbon price to be implemented by 2012, ahead of parliamentary climate change talks in Canberra. A second meeting of the federal government’s multi-party climate change committee, set up to discuss the prospect of an Australian carbon tax, will take place on Wednesday. In a statement released to coincide with the...

Jul 12th, 2010

Oil Falls Below $76 in Europe as Traders Look to US Company Earnings for Clues on Economy

Oil prices dropped below US$76 a barrel Monday as the dollar strengthened and investors awaited second-quarter company earnings reports for clues about the strength of the U.S. economy. By early afternoon in Europe, benchmark crude for August delivery was down 46 cents to $75.63 a barrel in electronic trading on the New York Mercantile Exchange. The...

May 27th, 2010

Europe Wants to Move Beyond 20% Greenhouse Gas Emission Reductions

The European Commission has presented an analysis of the costs, benefits and options for moving beyond the EU’s greenhouse gas reduction target for 2020 from 20% below 1990 levels to 30% once the conditions are met. At present these conditions have not been met. This communication follows the Commission’s Communication on “How to reinvigorate international...

May 19th, 2010

Europe Fines Nine Chipmakers $404M Over Price Fixing

IDG News Service - European antitrust regulators fined nine semiconductor manufacturers more than $404 million on Wednesday following a years-long investigation into price fixing in the market for DRAM memory chips. The European Commission said all of the companies submitted settlements admitting their liability for infringement. The companies fined are Samsung Electronics, Infineon, Hynix Semiconductor, Elpida...

May 14th, 2010

EU Slaps Interim Duties on Chinese Aluminium Wheels

Reuters reported that the European Union has imposed provisional anti dumping duties of up to 20.6% on imports of aluminium vehicle wheels from China after a complaint of unfair competition from European manufacturers. The European Commission, the executive arm of the 27 nation EU, said that an investigation had revealed imports of Chinese aluminium wheels used...

May 6th, 2010

EU Stainless Prices in April up by 74pct YoY – MEPS

UK MEPS said that “Stainless steel transaction prices have climbed steeply over the past 12 months. Although improvement in demand since the darkest days of the recession has been a contributing factor, the major influence on the selling value of stainless steel has been the cost of raw materials, most notably, nickel.” The LME cash monthly...

Apr 21st, 2010

Oil Rises Above US$84 in Europe as Stocks Rally on Earnings, Airports Open in Europe

Oil prices have advanced past US$84 a barrel as stock markets rally on strong corporate earnings and more airports opened in Volcanic ash stricken Europe, easing fears of dampened demand for crude. By early Wednesday afternoon in Europe, benchmark crude for June delivery was up 20 cents at $84.05 in electronic trading on the New York...

Apr 15th, 2010

Europe Products-Gasoline, Diesel Up on Tighter Stocks

LONDON - Gasoline and diesel rose in Europe on Thursday, supported by gains in Brent and tightening stocks of the motor fuels. But ICE gas oil futures came under pressure, with a strong rally in Brent and limited demand as Europe emerges from winter pushing its crack lower for the seventh straight day. GASOLINE AND...

Apr 2nd, 2010

Diamond prices expected to climb

Diamond prices are expected to climb higher in the short term as lower production runs up against increasing demand for the luxury stone, executives at Harry Winston Diamond Corp. told analysts. "Prices have now rebounded to almost the previous highs as demand has continued to expand in emerging economies led by China and India," chairman...

Apr 1st, 2010

Industry Groups Urge EU to Act on Rising Iron Ore Prices

European industry bodies have called on the EU to fight excessive iron ore prices and prevent unfair competition, saying the current situation could hamper economic recovery and harm the competitiveness of manufacturing in Europe. Steel body Eurofer and automobile trade association ACEA said they were concerned about rising iron ore prices following an announcement by global...

Mar 31st, 2010

Chiquita Quarterly Results Take Hit Over Weak Banana Prices in Europe

Chiquita Brands International Inc. said it expects “substantially” lower first-quarter financial results after a harsh winter and weak economy in Europe pressured banana prices. European banana revenue during the first quarter was lower than expected, with prices down about 11% compared with the same period in 2009 and sales volume down 13%, Chiquita said in a...

Mar 30th, 2010

EU Food Sector Rule Change Possible Despite Split

The EU executive may propose changes to the bloc’s competition rules giving food producers more power in their dealings with retailers, despite a Franco-British split on the issue, the Commission said on Monday. European Union farm ministers failed to agree a common line on measures to boost the role of producers in the food chain at...

Mar 2nd, 2010

Naphtha arbitrage from Europe to Asia reopens: 160,000 tons provisionally booked for March

The naphtha arbitrage from Europe to Asia, shut in February due to cracker maintenance, has reopened. These shipments to Asia would be the first in over a month since heavy cracker maintenance in Japan has curbed demand for western feedstock. Two trading companies are combing for supplies to replenish dwindling stocks, making provisional bookings for...

Feb 25th, 2010

Europe Gasoline-Prices firm on spring export prospects

LONDON - European benchmark gasoline barge prices firmed on Wednesday after U.S. stocks of the motor fuel showed a surprise decline, boosting export hopes for the spring. Comments from U.S. Federal Reserve Chairman Ben Bernanke also drove up prices, raising expectations that low interest rates will continue to spur demand for the motor fuel. These two factors...

Feb 17th, 2010

European Union - Pig prices

The price increases range from plus 2 cents in Denmark to plus 5 cents in Belgium and the Netherlands. France too has reported notable price increases for the first time after weeks of hardly changed prices. In Sweden alone the prices remained unchanged. Great Britain was the only country to note down a price decrease....

Feb 17th, 2010

Dow Announces Price Increase for Polyols, MDI and TDI in Europe

Effective 1 March 2010, or as contract terms allow, Dow Polyurethanes, a business group within The Dow Chemical Company and its affiliates including Dow Europe GmbH, will increase its Polyol, MDI and TDI prices in Europe. Advertisement Polyol and MDI prices will be increased by 200 Euro/MT and TDI prices will be increased by 250 Euro/MT,...

Feb 12th, 2010

West European PS falls from initial levels in Turkey

Turkish players reported deal conclusion for West European origin PS this week, revealing a rollover from the January prices, despite a €30-50/ton raise in initial February offers. As per Chemorbis, the price hikes for February were in line with announcements from Europe where producers were asking for higher prices to restore their margins after the...

Feb 4th, 2010

PET prices continue to be linked to input costs in Europe

PET prices in Europe have increased in January 2010 in line with rising input costs. As per Plastics Information Europe, feedstock MEG prices increased by €125/ton to levels of €785/ton as supply gets increasingly stringent. Interestingly, spot market notations of the more important feedstock paraxylene have eased in January. Some players expect the upward trend...