SINGAPORE (ICIS)--Offers for styrene monomer (SM) in Asia breached $1,450/tonne (€1,160/tonne) this week, representing a 17% increase from early June, because of tight availability of prompt cargoes, market sources said on Thursday.
Chemtex International Inc. received a conditional USDA loan guarantee to build a 20 MMgy cellulosic ethanol facility in eastern North Carolina’s Sampson County. Project Alpha is planning to use energy grasses as feedstock, with an estimated 30,000 acres of production needed to supply the facility.
Gold speculation is popular in the country, namely in Ho Chi Minh which accounts for nearly 76% of the national total. Banks mobilise capital in the public’s gold to sell for Dong in order to settle liquidity problems.
VietNamNet Bridge – International observers highly appreciate the inflation decrease in Vietnam, but keeps cautious with their predictions about the growth prospect and repeatedly express their worries about the bank bad debts.