Gold Futures Punch Through $1,300 as Global Stocks Extend Losses

Gold futures broke above $1,300 an ounce, rising to the highest level this year, as global stocks dropped and investors fretted that turmoil in the White House will prevent President Donald Trump from delivering on his pro-growth legislative agenda.

VND2 trillion loss predicted if mining at Thach Khe stops

The Ministry of Planning and Investment (MPI) has suggested stopping mining operations at Thach Khe, the biggest iron ore operation in SE Asia, but the Ministry of Industry and Trade (MOIT), Vinacomin and Thach Khe Iron JSC (TIC) have disagreed about the plan.

Metals Surge on Supply Curbs, Growth as Zinc Hits Ten-Year High

Industrial metals climbed, with zinc scaling 10-year highs in Shanghai and London amid a shortage of ore, as contracts were lifted by supply constraints and faster global economic growth.

Global Economy Looks Set for a Year of Faster, Firmer Growth

The world economy looks well on its way to a year of faster, firmer growth after rising at its most rapid pace in 2 1/2 years in the second quarter.

PVC production in Russia up 26% in the first seven months of 2017

Russia’s overall production of polyvinyl chloride (PVC) grew in the first seven months of 2017 by 26% year on year, totalling 530,800 tonnes. All plants, except for Bashkir Soda Company, increased their output of resin.

China homopolymer PP imports from India may shrink further

China’s imports of homopolymer polypropylene (PP) from India have been shrinking over the past years, and may fall further amid months-long tension at the border of Asia’s two biggest emerging economies, industry sources said.

Dinh Vu Polyester Fibre Plant to restart production

The Vietnam National Oil and Gas Group (PetroVietnam), holding 75 percent of the capital at the 325-million USD plant, held a meeting recently with the Vietnam National Textile and Garment Group (Vinatex) to discuss a fibre consumption solution for the plant.
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