(VEN) - The General Statistical Office said that the consumer price index (CPI) this September increased 0.82 percent from a month ago, 16.63 percent against December 2010 and 22.42 percent against a year ago. This increased the CPI in the first nine months of this year to 18.16 percent against the same months last year.
SEE MORE The Dow Chemical Company has announced that the SCG-Dow Group, a joint venture between Dow and SCG, has reached a key milestone for the new propylene oxide (PO) facility in Thailand by ramping the plant up to stable production levels in preparation for the full capacity run scheduled for the fourth quarter of 2011. The world-scale plant, located within the Asia Industrial SEE MORE Spot
propylene costs have been heading south for some time in all three
major markets including Asia, Europe and the US, as per ChemOrbis. Lower
upstream costs such as crude oil and naphtha coupled with thin demand
have taken their toll on the spot propylene markets around the globe. SEE MORE State-owned China Petrochemical Corp (Sinopec Group) and the provincial
government of Guizhou has launched a coal-based petrochemical project,
with Yuan 18 bln (US$2.8 bln) investment by Sinopec for the first phase
of the project, as per Platts. The project is to be located in Xingren
county's Qianxinan city, which has proven coal reserves of about 7.53
bln tpa. But as the local coal processing industry is not well
developed, 80% of the coal produced is sold to other regions of China. SEE MORE With recession hitting Europe in 2008, the PE film extrusion industry
took a downturn. Between 2007 and 2009 PE film production fell by 1 mln
tons. About half of this lost volume was recovered during 2010 and the
industry continues to make steady progress in 2011, as per AMI. With a
volume demand in excess of 7.5 mln tons for 2010 SEE MORE
