Asian currencies headed for a fourth
weekly gain, led by South Korea’s won, after a slew of data
suggested the worst may be over for the global economy. SEE MORE Gold prices in the domestic market decreased sharply yesterday to
less than VND46 million (US$2,190) per tael, falling to two-month low,
bucking the world market’s upward trend. SEE MORE Yesterday morning, the DOJI Group announced a selling price of
VND46.12 million per tael ($2,196) (one tael is equivalent to 0.5oz)
then lowering to VND45.95 million ($ 2,188). The Sai Gon Jewellery
Company (SJC) price reduced VND320,000-440,000 per tael. SEE MORE Naphtha's prompt timespreads have been trading in narrow backwardations
of US$8.25-9.50/ton since the beginning of October because of sliding
gasoline values in Europe. Meanwhile, naphtha's CFR Japan November swap
stood US$8/ton higher at US$935. Naphtha's November and December
East-West (EW) spreads, the differential between Asian and European
prices, were at US$2 and US$8/ton respectively. SEE MORE The company has been working on the “very, very significant piece of innovation” for some time, Nielsen told Ethanol Producer Magazine.
With use of Avantec, a typical 100 MMgy U.S. ethanol plant could go
from using 900,000 tons of corn a year to 877,500 tons of corn and still
produce the same amount of ethanol. SEE MORE
