• Experts say it’s impossible to keep exchange rate fluctuation at below 1%

      01/01/1900
    VietNamNet Bridge – The official exchange rate fluctuation in recent days is
    not the thing experts are worried about. However, they have expressed the doubts
    about the feasibility of the government’s plan to curb the exchange rate
    fluctuation at below one percent by the end of the year.
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  • September CPI Goes up 0.82 Percent

      01/01/1900
    (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.
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  • SCG-Dow reaches key milestone for propylene oxide (PO) facility start up in Thailand

      01/01/1900
    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  
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  • Spot propylene costs head south across the globe

      01/01/1900
    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.  
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  • Sinopec starts work on $2.8 bil coal-based petchem complex in southwest China

      01/01/1900
    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.  
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