Mitsui & Co., Japan's second-biggest trading company, has closed out all futures positions at its Singapore unit- Mitsui Oil (Asia) Pte. Ltd., which had lost US$81 million as of November 17 from naphtha trading.
Mitsui Oil (Asia) Pte. Ltd. now holds only physical positions and no positions in futures, including naphtha contracts. It is possible that the Singapore unit might no longer be able trade energy futures.
Previous News
Next News
-
Adnoc cuts naphtha premiums for Asian customers
-
Chemicals saw good growth in EU in 2006, moderate slowdown forecast for 2007
-
Mitsui loses US$81 million from its Singapore unit's naphtha-related trading
-
BASF and Dow to conduct feasibility test for world's largest TDI Plant
-
As US weather gets milder, oil prices dip
-
Thai Board of Investment approves privileges of direct investment in three petrochem projects
-
Borealis to invest E200 mln in 330,000 tpa Borstar® PP plant in Central Europe
-
Unrecyclable plastic ban in Taiwan on hold
-
High performance, cost effective film for electrical and electronic applications
-
Special PTFE cables for demanding medical applications
-
SSF Plastics Helps Extinguish Fire at Neighbouring Factory
-
Why UAE’s OPEC Exit May Not Shake Oil Markets
-
EPL and Indovida to Merge, Creating a Consumer Packaging Leader for Emerging Markets
-
ABS and Polystyrene facility in Iran hit
-
Converting Nylon Fish Net waste to 3D Printing Filament
-
Samvardhana Motherson International Limited India’s Global Automotive Plastics & Systems Powerhouse
-
Varroc Engineering Limited: From Polymer Components to a Global Automotive Systems Leader
-
Hitech Corporation Ltd - Prominent Manufacturer of Rigid Plastic Packaging Products, Serving Paints, Agrochemicals, Lubricants, FMCG, and Food Industries.
-
Mold-Tek Packaging Ltd – Leader in IML-Based Rigid Plastic Packaging Solutions
-
Bhansali Engineering Polymers Ltd. Expands Engineering Plastics Capacity in India
22-Nov-06 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}