First, crude oil rebounded in the beginning of the year

In January 2019, crude oil prices rebounded, thanks to Saudi Arabia’s reduction in crude oil exports to the United States and China. In addition, Saudi Arabia reiterated its efforts to balance the crude oil market. If necessary, further production cuts would effectively boost oil prices, OPEC production cuts would gradually play a role in significantly reducing crude oil production, significant reduction in active drilling in the United States, and continued rebound in the stock market would help to rebound risk sentiment. Rising, multiple factors to boost oil prices. Brent charged $61.32 a barrel and WTI $52.31 a barrel on the 16th.

Global crude oil demand growth will slow down in 2019, mainly due to the continued fermentation of major global economic events in 2018. For example, the Sino-US trade war, the progress of Britain’s “de-Europe” and the sanctions imposed by the United States against Russia and Iraq will all be cumbersome to the economic development of the United States. In addition, the economic development situation of the United States itself deserves attention. The global crude oil supply will continue to increase in 2019, and the United States will truly become the world’s largest oil producer, which will surely make the Middle East countries and Russia feel a sense of urgency. OPEC + countries are committed to reducing production to boost crude oil prices, and the shrinking market share is likely to become a new market for the United States to increase crude oil production. The U.S. energy policy advocating inventory reduction will continue. Increasing crude oil production and increasing exports are the basic strategies for 2019. This part of the resources released outside the U.S. will occupy the market share of OPEC + countries and increase the pressure of crude oil stocks outside the U.S.

2. Collective decline of US stocks/rebound of RMB

Recent fears of a global slowdown continued to weigh on U.S. stocks for the first trading day of the week, with three major indices closing down for two consecutive days. As the economy slows down and oil prices remain low, it is expected that corporate earnings growth will become more difficult later. With the collective decline of U.S. stocks, the U.S. dollar and crude oil markets also fell slightly. As investors’demand for risky assets weakened, market instability also intensified.

Last Monday (January 14), the RMB rose 349 basis points to 6.7560 against the US dollar, the highest since July 19, 2018. Influenced by news, the onshore RMB early trading rose more than 200 points, approaching 6.74, and then narrowed down. The offshore renminbi has risen 1.1% against the dollar since last week, after surging more than 1,000 points a week. China’s measures to promote economic growth will help the renminbi appreciate. Especially under the background of trade slowdown, the average value of RMB exchange rate returns, but due to the short-term rise of RMB, some passengers hesitate slightly, the market’s cautious mood revives, and the subsequent rise is expected to slow down.

Third, China’s domestic economic growth has slowed down

On January 12, Ning Jitao, deputy director of the National Development and Reform Commission, said at the 23rd China Capital Market Forum that the expected GDP growth of about 6.5% in 2018 could be achieved. At the same time, the expected goal of basically synchronizing the growth of residents’income and economic growth in 2018 can be achieved. The growth of per capita residents’ income has outperformed the growth of per capita GDP and achieved the basic synchronization. However, compared with the GDP in 2017, the growth rate slowed down year-on-year, indicating that the follow-up economic pressure still exists.

Generally speaking, crude oil and Renminbi have both stopped falling and rebounded, US stocks have fallen, and GDP has been growing steadily throughout the year. Many economic indicators indicate that the beginning of 2019 will be stable. Polyethylene market has been in a stable stage since New Year’s Day. Petrochemical has actively cleared stocks before the festival and is relatively ideal. As of the 18th day, two barrels of oil stocks have remained at a low level of about 500,000 tons. In addition, stocks in the lower reaches of the year before the festival have not At the end, the spot market is limited, traders and downstream inventories are low, so the overall polyethylene market is expected to continue to stabilize. Macroeconomics continues to maintain a “L” type of steady development, so the market need not be too pessimistic. The overall trend of 2019 is expected to be moderate and progressive, but there are still many difficulties and challenges in the economic operation. With the combination of multiple factors, the market still needs to respond at random.

On January 21, the Asian phenol market closed at a stable price of $944-946 per ton CIF.

On January 21, the closing price of methanol in Europe and the United States fell, with FOB closed in the Gulf of the United States; FOB of methanol in Europe, Rotterdam, 270.5-271.5 euros/ton, fell 3.5 euros/ton

According to data released by Korea Customs, coal imports from January to December 2018 reached 148.726 million tons, an increase of 464,000 tons, an increase of 0.3%, of which 11.748 million tons were imported in December, a decrease of 4.9%.

Since graphene won the Nobel Prize in Physics in 2010, scientists and industry have been chasing graphene enthusiastically. In the pursuit of graphene, a large number of graphene-like two-dimensional materials have also been found, how to define them accurately is related to the development of related materials industry. Reporters learned from Taizhou Juana New Energy Co., Ltd. on the 17th that the first national standard of graphene GB/T 30544.13-2018, drafted by the company, was officially released: Part 13 of nanotechnology terminology: graphene and related two-dimensional materials. This standard is also the first national standard in the field of two-dimensional materials. The family of graphene-like two-dimensional materials involves a wide range of disciplines and a wide range of types. It has been showing a trend of multi-point blossom, new phenomena and new applications.

Two-dimensional materials are one of the most advanced research and application fields. They cover printing electronics, flexible electronics, supercapacitors, solar cells, quantum dots, sensors, semiconductor manufacturing and so on. They have excellent mechanical, thermal and optical properties, and are the basis of subversive innovation in many fields. According to the definition of national standard, it consists of one or several layers, in which the atoms in each layer are closely bonded with the neighboring atoms in the layer. One dimension (i.e. its thickness) is in the nanometer or smaller scale. The other two dimensions are usually in the larger scale of materials, called two-dimensional materials. What are the excellent properties of two-dimensional materials? Because the surface atoms of single-layer two-dimensional materials are almost completely exposed, compared with bulk materials, the atomic utilization rate is greatly improved. The band structure and electrical properties can be easily controlled by thickness control and element doping. Therefore, two-dimensional materials are more conducive to chemical modification and electron transfer. At the same time, they have high flexibility and transparency, and have attractive prospects in wearable smart devices, flexible energy storage devices and other fields. The first national standard for graphene and two-dimensional materials in China was drafted by Taizhou Juana New Energy Co., Ltd. and Southeast University. The former was established in 2010 and is one of the earliest companies engaged in graphene research, testing, application and standardization in China.

On January 16, the PX commodity index was 68.80, up 4 points from yesterday, down 32.81% from the peak of 102.40 points in the cycle (2013-02-28), and up 51.04% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has been restarted. Other plants have been running steadily for the time being. The domestic market supply of p-xylene has increased, and the market price trend of p-xylene has been temporarily stable. The opening rate of PX plant in Asia rose to about 80%. On January 16, the closing price of p-xylene in Asia dropped by 4 US dollars per ton. The closing price was US$1052-1054 per ton FOB in Korea and US$1071-1073 per ton CFR in China. More than 50% of domestic imports were needed. The decline of foreign prices had a negative impact on domestic market price of p-xylene. The domestic market price was 8600 yuan per ton.

On January 16, the price of WTI crude oil in February rose to 52.31 U.S. dollars per barrel, an increase of 0.20 U.S. dollars. Brent crude oil in March rose to 61.32 U.S. dollars per barrel, an increase of 0.68 U.S. dollars. Crude oil closing price rose slightly, which supported the price of downstream petrochemical products, while the price of paraxylene market was stable. Recent textile industry volatility, PTA prices have maintained stability in the near future, the average price of East China bid in the vicinity of 6400-6600 yuan/ton, as of 16 days domestic PTA start-up rate is about 72%, polyester industry start-up rate is about 82%, plus the general market of hobby production and marketing, PTA market price high volatility, is expected to maintain the PX market price of 8600 yuan/ton in the later period.

Elo Copper announced its output data for the whole year and the fourth quarter of 2018 for Curaca, Bahia, a 99.6% stake in Brazil, and its corresponding financial results will be released after the closing of the Toronto Stock Exchange on Thursday, March 14, 2019.

Output highlights in 2018: 1. Total copper production in 2018 was 30,426 tons, and in 2017 it was 20,133 tons, up 51% year-on-year, exceeding the original output target of 2018 by 15%; 2. Copper production in the fourth quarter was 12,104 tons, up 55% year-on-year; 3. Total annual gold and silver production in NX gold mine with 97.6% of the company was 39,808 ounces and 24,573 ounces respectively.

Outlook highlights in 2019: 1. Copper production target in 2019 is 36,000 to 38,000 tons; 2. C1 cash cost target is $1.00 to $1.10 per pound of copper, in dollar terms: BRL foreign exchange rate is 3.70; 3. Capital expenditure target is $62 million; 4. Additional $20 million is used to fund the exploration plan in 2019. The plan focuses on 130,000 meters of planned exploration drilling, including 112,500 meters of near-mine exploration drilling (including continued exploration of the eastern Vermelhos and Western Pilar wings), and additional 17,500 meters of planned exploration drilling tests for green land.

Commodity Name: Acetone

Market Price (East China January 14): 3600 yuan/ton

Analysis points: Domestic acetone market intends to bid last week, but all aspects of support is limited, the market is in a stalemate. At present, although the port inventory has declined slightly and the mindset of on-site cargo holders has been boosted. In order to stimulate the downstream receipt of goods, the offer has been narrowly pushed up, but the mood of the downstream terminal factories entering the market is not high enough to support the high-level operation of the market, and the volume of the actual transaction is insufficient. Business associations predict that the main negotiation area of East China market is 3550-3600 yuan/ton, and that of South China market is 3700 yuan/ton.

1.Price Trend

According to the business community urea price monitoring, this week the domestic urea market quotation shocks weakly downward, the market purchases on demand. At the beginning of the week, the mainstream ex-factory quotation in the domestic urea market was 1915 yuan/ton. At the weekend, the mainstream ex-factory quotation in the domestic urea market fell to 1897 yuan/ton, with a weekly decline of 0.91%.

II. Market Analysis

Products: This week’s domestic urea market shocks fell sharply, but on Friday there were some price rises, part of the plant overhaul. At present, the mainstream in Shandong has rebounded from the bottom and started to rise slightly. Some manufacturers offer 1860-1920 yuan/ton, while those in Anhui offer 1940-1960 yuan/ton. The overall trading atmosphere in the market has been reduced. Recently, the domestic environment protection inspection atmosphere has eased, coal shortage after heating, many urea enterprises are limited by gas, high price gas and so on, which results in high cost pressure. Some enterprises are forced to limit or stop production, which also results in the decline of start-up and poor performance in demand. The overall industry start-up rate of domestic compound fertilizer enterprises remains low, and the price of raw material urea is unstable. In some enterprises, production reduction or overhaul remains unchanged, and the equipment load is still acceptable.

Market Demand: Agricultural market is mostly in a gap period. Winter storage market is affected by the psychology of “buying up, not buying down”. The wait-and-see mood is strong. There is no obvious start-up of light storage market. It still takes time for the improvement of agricultural demand market. The purchase of industrial compound fertilizer and rubber board industry has come to an end. It is difficult for the market to find a new advantage for the time being, and the market will adjust its trend at a high level in the near future.

Industry chain: Anthracite market supply in the upstream is still tight, coal prices are still rising in recent days, the supply of urea raw materials and natural gas is tight, the price of liquid ammonia market has slightly declined, and urea cost support is strong. Compound fertilizer started at a low level, and raw materials trading was limited.

3. Future Market Forecast

In the short term, the domestic urea market has insufficient stamina, weak demand, light market atmosphere, cautious downstream traders sign orders, many visitors, insufficient follow-up of new orders, and obvious bidding psychology of enterprises. In the long run, the international urea market continues to decline, pessimism in the industry increases, manufacturers have strong willingness to ship, more price reduction orders, and heating season, gas limitation and production reduction, raw material supply is tight. The urea market is expected to rebound from the bottom next week and rise slightly.

On January 9, the hydrofluoric acid commodity index was 119.10, which was the same as yesterday. It was 15.19% lower than the peak of 140.43 points in the cycle (2018-02-21), and 122.24% higher than the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the price trend of domestic hydrofluoric acid market has been lower recently. The domestic market price of hydrofluoric acid is 12775 yuan/ton as of the 10th day. The domestic starting rate of hydrofluoric acid is more than 50%. Enterprises reflect that the supply of hydrofluoric acid on the spot is sufficient, the situation of goods on the spot has been worse recently. Some enterprises have increased their hydrofluoric acid stocks and lowered the ex-factory price slightly, but due to the high support of raw material market. The price decline of hydrofluoric acid market is very limited. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 12 500 yuan/ton, while the price of hydrofluoric acid in the northern market is between 12 500 and 13 000 yuan/ton. Domestic hydrofluoric acid market price trend is slightly lower, spot supply is sufficient, due to the recent high prices of raw materials market, fluorite prices are in a high state, but the price of raw materials fluorite slightly declined, the market price of hydrofluoric acid slightly lower.

Recent downstream refrigerant product maintenance devices are more, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly decreased. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate declines, the main production enterprise bulk water out-of-factory offer price drops to 17500-18500 yuan/ton, but the production enterprise does not have bulk water spot, mainly with a small number of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened.

Refrigerant on-site transaction prices slightly lower, refrigerant industry equipment overhaul increased, the upstream hydrofluoric acid market demand weakened, coupled with the upstream refrigerant industry to resist high prices of raw materials, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to decline, hydrofluoric acid prices will be around 12,500 yuan/ton.

On January 8, the hydrofluoric acid commodity index was 119.10, down 1.14 points from yesterday, down 15.19% from the peak of 140.43 points in the cycle (2018-02-21), and up 122.24% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the price trend of domestic hydrofluoric acid market has been lower recently. The domestic market price of hydrofluoric acid is 13125 yuan/ton as of the 9th day. The domestic start-up rate of hydrofluoric acid is more than 50%. Enterprises reflect that the supply of hydrofluoric acid on the spot is sufficient, the situation of goods on the spot has been worse recently. Some enterprises have increased their hydrofluoric acid stocks and reduced their ex-factory prices slightly, but due to the high support of raw material market. The price decline of hydrofluoric acid market is very limited. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 1250-13000 yuan/ton, while the price of hydrofluoric acid in the northern market is about 1250-13500 yuan/ton. Domestic hydrofluoric acid market price trend is slightly lower, spot supply is sufficient, due to the recent high prices of raw materials market, fluorite prices are in a high state, but the price of raw materials fluorite slightly declined, the market price of hydrofluoric acid slightly lower.

Recent downstream refrigerant product maintenance devices are more, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly decreased. Recent market of refrigerant downstream terminal market is cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate declines, the main production enterprise’s bulk water ex-factory offer price is between 2000-21500 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small amount of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened.

Refrigerant on-site transaction prices slightly lower, refrigerant industry equipment overhaul increased, the upstream hydrofluoric acid market demand weakened, coupled with the upstream refrigerant industry to resist high prices of raw materials, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to decline, hydrofluoric acid prices will be 12,500-13,000 yuan/ton.

At the close of January 8, methanol FOB in the US Gulf dropped 0.25 cents per gallon to 99.5-100 cents (US$331.3-333 per ton), while methanol FOB in Rotterdam, Europe, fell 277-278 (US$317.1-318.2 per ton) to 3.5 euros per ton.

By the end of January 8, methanol CFR in China (LC 0-30 days) was 266-268 US dollars per ton, up 3 US dollars per ton; methanol CFR in Southeast Asia (LC 0-30 days) was 298-300 US dollars per ton.

According to the report on TABNinfo website in Dubai on January 6, 2019, the global petrochemical industry will grow steadily in the next nine years.

A report released on the sidelines of an industry event in Dubai said that nearly 1,158 planned and announced petrochemical plants would be operating mainly in Asia and the Middle East over the next nine years.

The Global Exhibition of Petrochemical, Plastic and Rubber Industries will be held in Dubai International Convention and Exhibition Center on January 5, 2019.

The organizers said that the Arab International Plastic Rubber Development in 2019 was a platform for promoting new products, witnessing industry developments, opening up communication channels with industry counterparts and meeting with policy makers in the global plastic, rubber and petrochemical industries.

In the next nine years, Asia, the Middle East and North America will be the top regions contributing to global petrochemical production capacity. It is expected that the annual output of petrochemical products will increase from 1.555 billion tons in 2017 to 2.036 billion tons in 2026.

First, the price data:

This week, the domestic sulfur market rose first and then stabilized. At the beginning of the week, the domestic average price of domestic sulphur sulphur was 1407.78 yuan/ton. On the weekend, the average domestic price of sulphur sulphur was 1423.33 yuan/ton, and the overall increase was 1.1%. The current price rose year-on-year. 31.52%.

Second, the market analysis

Products: This week, the domestic sulfur market has risen slightly, the market is operating steadily, and local areas are fluctuating. Sinopec Puguang gas field has a daily output of 5,000 tons. The price is affected by the low spot of the port. Dazhou is stable at RMB 1,430/ton, and the inventory is around 59,000 tons. Many regions follow the stable price operation. The downstream demand in Shandong and North China is acceptable. The goods are smooth and the price is raised. 30-40 yuan.

Industry chain: This week, the domestic average price of bromine has risen to a new high for many years, and the start-up situation of enterprises has recovered. However, the supply side spot is still less, the long-term singles and planned shipments, the downstream market just needs to be stable, and the price of bromine is high. strong. At present, the mainstream manufacturers in the industry offer between 32,500-34,000 yuan / ton. This week, the domestic market for sulfuric acid continued to rise. At the beginning of the week, the average domestic price of sulfuric acid was 522 yuan/ton. The average domestic price of domestic sulfuric acid at the weekend was 542 yuan/ton, the overall increase was 3.75%, and the current price rose 50.27% year-on-year.

Industry: According to the price monitoring of business companies, in the 42nd week of 2018 (10.15-10.19), the commodity prices rose by 25 in the chemical sector, and the top 3 commodities were acrylic acid (4.61%) and sulfuric acid ( 3.83%), phthalic anhydride (East China) (3.49%). There were 24 kinds of commodities with a decrease in the chain, and 3 products with a drop of more than 5%, accounting for 4.2% of the monitored products in the sector; the top 3 products were acetone (-6.63%) and polysilicon (-5.56%). , styrene (-5.35%). This week’s average price increase was -0.18%.

Third, the market outlook

Sulphur analysts of the Chemical Industry Branch of the business community believe that the current business inventory is acceptable, and the market outlook is expected to stabilize.

First, the price trend

The domestic BDO market is down. According to the sample data monitored by the business community, as of October 11, the domestic BDO market average price was 11078 yuan / ton, and the price rose 2.99%.

Second, the market analysis

Products: Domestic BDO market is running weakly. On the factory side, the price of Meizhou Bay is lowered by 700 yuan/ton to 11,300 yuan/ton (small order), and the price of Henan Kaixiang is lowered by 500 yuan/ton to 11,300 yuan/ton. Poor, the focus of the transaction is mostly low. In terms of market prices, the mainstream offers in East China and North China are 10800-11000 yuan/ton, the actual unit price is 10500-10800 yuan/ton, and the bargaining price is 11600-12000 yuan/ton. South China offers 10800-11000 yuan / ton, the actual unit price is 10500-10900 yuan / ton, the barrel price is 11700-12000 yuan / ton.

In terms of the market, the BDO market in North China has a flat buying intention, and most of the goods are just long-term. The factory’s offer was firm and released the market news, but the downstream was more resistant to high prices, the new single inquiry was not good, and the wait-and-see attitude was strong. The BDO market in East China was organized and operated, and the trading atmosphere in the market was not good. Due to the relaxation of environmental protection, the problem of downstream construction has been improved, and the demand has gradually increased. The fundamentals of the industry are expected to be acceptable. However, the basic news of the market is still calm, and trading is not warm. The BDO market in South China was stable and the market fundamentals were calm. The main factory’s offer was stable, and the traders’ offer did not change much. The market was mainly on the market, but the industry was expected to be on the market.

Industry chain: upstream raw materials, the price of calcium carbide market in Northeast China is stable. The downstream enterprises purchase the first-class product calcium carbide to send the price at 3710-3735 yuan / ton. The limited electricity and maintenance in Inner Mongolia affected the production and the arrival of the land was uneven. Overall analysis, it is expected that the price of calcium carbide will remain stable in the later period.

Third, the market outlook

On the positive side, upstream calcium carbide has an upside expectation; downstream PBT orders are good. For the bearish side, it is just the need for trading; the downstream is under-employed and the production and sales are sluggish. BDO analysts of the business community expect that in the short-term, the industry will pay more attention to the subsequent changes in supply and demand, and the BDO market will be dominated by multiple intervals.

On September 21, the price of metallic cobalt in the domestic non-ferrous metal spot market fell. The average price of cobalt was RMB 48,9250.00/ton, down by RMB 1000/ton from the previous trading day, a decrease of 0.20% and a year-on-year increase of 13.30%.

On September 21, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 20th, the cobalt commodity index was 176.35, which was the same as yesterday. It was 26.19% lower than the highest point of 238.91 points (2018-04-15) in the cycle, which was 152.51% higher than the lowest point of 69.84 on July 5, 2016. (Note: Period refers to 2011-09-01 to date).

On September 21, the domestic price of cobalt was down, the price of cobalt powder in Shanghai was stable, and the actual transaction price fell. On September 21, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 476,000-496,000 yuan/ton, and the price of cobalt was stable. On September 21, the stock was 463 tons, and the warehouse receipt was reduced by 2.25 tons. The supply of cobalt is at a high level, and the cobalt market is in an oversupply state. In terms of demand, the cobalt market has a certain transaction, but the market is still based on on-demand procurement. In the international market, the price of cobalt in the LEM market in London fell. On September 20, the price of cobalt in the LEM market closed at US$60,000/ton, down by US$3,000/ton from the previous trading day. The cobalt stock in the LEM market was 715 tons, and the inventory increased by 4 tons. The increase in cobalt supply has increased, and the overall supply-demand relationship has not changed significantly. The low growth in supply and high growth has led to a weak rise in cobalt prices, and the risk of decline remains. However, due to the high price of the international cobalt mine in the early stage, and the Congolese government officially used cobalt mine as a strategic resource, the tariff is imminent, the import cost of cobalt mine is high, and the space for cobalt price decline is limited.

In terms of market outlook, a small amount of cobalt in the cobalt market, the price of cobalt increased less, and due to the lack of major changes in the supply and demand of cobalt, the overall supply of cobalt in the city is too high, the price of cobalt is difficult to maintain, the cost of cobalt ore is at a high level, and the price of domestic cobalt is still falling. It is expected that the price of cobalt in the market will be stable and stable, and the price of cobalt will remain stable.

First, the price trend:

According to data from business companies, the price of ortho-benzene fell this week. On September 14th, the price of o-xylene was 7437.50 yuan/ton, which was down by 400 yuan/ton compared with the price of o-xylene (OX) of 7,837.50 yuan/ton on September 10, a decrease of 5.10% and a year-on-year increase of 24.88%. The market for o-xylene began to fall sharply in September, but the price is still higher than the same period last year.

Second, the market analysis:

Product:

This week, the inventory of phthalene in the East China Port remained at a low level. As of September 14, the inventory of Huadong Port was about 30,000 tons. The price of phthalate external disk fell. On September 14, the market for the o-xylene market in Europe was quoted at US$1015.00/ton FOB Amsterdam, Rotterdam and Antwerp. The price was US$100/ton from the beginning of this week, and the price rose by US$10/ton. Rising, the cost of imported ortho-benzene increased, and the pressure on imported ortho-benzene prices increased, which was good for the domestic price increase of o-xylene. However, the market for phthalic anhydride and plasticizers downstream of o-benzene fell, the demand for ortho-benzene increased, and the growth of o-benzene was weak, and the risk of falling benzene increased.

Industry chain:

The mixed methanol price fluctuated this week, and the cost of o-xylene rose. On September 14th, the price of mixed xylene was 6960.91 yuan/ton, which was about 160 yuan/ton higher than the price of 6798.18 yuan/ton at the beginning of September (September 10), and the price rose by 2.39%. The price of mixed xylenes has risen, and the cost of o-xylene has increased, which has supported the rise in the market for ortho-benzene.

The phthalic anhydride market fell sharply in September. In September, phthalic anhydride fell by 2.25%. This week, the phthalic anhydride market remained stable. Phthalic anhydride is the main downstream product of o-benzene. The decline in the market of phthalic anhydride directly affects the demand of ortho-benzene. The transaction in the ortho-benzene market is bleak, resulting in a sharp drop in the price of o-benzene. This week, the phthalic anhydride market was stable, and with the decline in the price of phthalic acid, the phthalic anhydride market showed signs of maintaining a stable rebound, and the demand for phthalic acid in the market was gradually picking up.

The downstream DOP market fell, the parade of benzene was cold, and the demand for benzene was general. On September 14th, the price of DOP (East China) was 9375.00 yuan/ton, which was 0.18% lower than the price of 9391.67 yuan/ton at the beginning of the week, up 5.63% from the same period of last year.

Third, the market outlook:

Baijiaxin, an analyst with o-xylene data in the business community, believes that the price of the adjacent xylene external disk has rebounded after a small decline last week. The price of imported ortho-benzene has remained high, and the stock of benzene in the port has been low. Good role. At the same time, the price of mixed benzene in domestic benzene raw materials rose, and the cost of benzene increased, which was good for the price increase of benzene. However, due to the poor market conditions of downstream phthalic anhydride and plasticizers, the demand for o-benzene is relatively small, the market for o-benzene is bleak, and the price of o-benzene is falling, which has a negative impact on the market for phthalene in the market. However, with the decline in the price of ortho-benzene, the phthalic anhydride market or the stimulus partially recovered, and the demand for ortho-benzene increased gradually. However, as the price of ortho-benzene in the current stage is still higher than in previous years, the market for phthalic anhydride and downstream plasticizers is unlikely to rise sharply in the short term. O-benzene will still decline slightly in the short term, but with the increase in demand for ortho-benzene, the price of ortho-benzene It is bound to rise again. It is expected that the price of phthalic acid in the market will rise after a small decline, and the price of ortho-benzene will rebound or rise at around 7,300 yuan/ton.

On September 11, the price of metallic cobalt in the domestic non-ferrous metal spot market rose. The average price of cobalt was 49,2750.00 yuan/ton, which was 0.66% higher than the previous trading day.

On September 11, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 10, the cobalt commodity index was 178.08, up 0.72 points from yesterday, down 26.30% from the highest point of 238.91 points (2018-04-15) in the cycle, up 152.12 from the lowest point of 69.84 on July 5, 2016. %. (Note: Period refers to 2011-09-01 to date).

On September 11, the domestic price of cobalt rose, and the price of cobalt powder in Shanghai remained stable, and the actual transaction price increased slightly. On September 11, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 472,000-496,000 yuan/ton, and the price of cobalt was stable. On September 11, the stock was 632 tons, and the inventory was reduced by 3 tons. The supply of cobalt is at a high level, and the downstream enterprises are purchasing on demand, but the market is still mainly on the sidelines. The cobalt price in the international market has risen slightly, causing the domestic market to follow suit and the short-term domestic cobalt price may rise slightly. On the demand side, the growth rate of new energy vehicles has declined, but the performance is still better than market expectations. The performance of new energy vehicles is positive for the stability of cobalt prices, but it is difficult to change the downward trend of cobalt prices. However, due to the absolute high cobalt price in the previous period, the import cost of cobalt ore is relatively high, and the space for cobalt price decline is limited.

In terms of market outlook, the increase in international cobalt prices has led to a rise in domestic cobalt prices. However, due to the absence of major changes in the supply and demand of cobalt, the overall supply of cobalt is oversupplied, cobalt prices are difficult to maintain, and domestic cobalt prices are still at risk of decline. It is expected that the price of cobalt will fluctuate and stabilize. In the short term, the price of cobalt rebounded slightly.

First, the price trend

According to the urea price monitoring of the business community, the domestic urea market price continued to rise this week, and the market purchased on demand. At the beginning of the week, the domestic factory price of the domestic urea market was 1,956 yuan/ton. On the weekend, the mainstream domestic price of the domestic urea market rose to 1972 yuan/ton, and the weekly increase was 0.79%.

Second, the market analysis

Products: The domestic urea market continued to rise this week, and the equipment was partially overhauled. At present, the mainstream of Shandong continues to rise, and some manufacturers’ prices have risen to 1980-2000 yuan/ton. The overall market turnover is still positive. The domestic environmental inspection atmosphere has not diminished in the near future, and the environmental protection inspection in Shandong has caused the construction to decline, and the demand has declined. Although the start of fertilizer production in autumn was early, the overall industry operating rate of domestic compound fertilizer enterprises rebounded slightly but was slow, and the price of raw urea began to rise, but the price of environmental inspection began to fall. Some enterprises still have reduced production or maintenance, and the load on the equipment is acceptable.

Industry chain: The supply of upstream anthracite market is still tight. Recently, coal prices have risen again. The tight supply of urea raw materials has shown a significant improvement, and urea cost support is still strong. The compound fertilizer started to work low, the raw material transaction slowed down, the grassroots demand in agriculture decreased, and the price in some areas has increased.

Third, the market outlook

Urea prices in foreign countries have continued to rise, and China’s urea exports will increase greatly. In September, the supply of urea will increase slightly. If the environmental protection and relaxation rate will increase, it will still be weak.

First, the price trend

Recently, the market for butadiene has fallen. Business community monitoring showed that as of September 6, the price of butadiene was 13,060 yuan / ton, the day fell 2.17%, the price rose 19.81%.

Second, the analysis of influencing factors

Products: Domestic butadiene market quotation has further declined. Some players are concerned about the increase in the sales volume of Fushun Petrochemical and the cautious wait and see. Traders refer to the manufacturer’s price offer, and the downstream maintenance just needs inquiry. The market enquiry atmosphere in Shandong is still acceptable. The downward adjustment of Fushun Petrochemical’s supply price has increased the wait-and-see attitude of the industry. Some merchants have paid attention to the slight increase in market supply and lowered the offer. Trading in the butadiene market in East China remained stable. I heard that there were cargoes arriving in Hong Kong recently. However, traders were reluctant to ship at lower prices, and downstream buyers were just waiting for the inquiry. Asian butadiene closing price, FOB Korea average price offer 1689 US dollars / ton; CFR China average price offer 1718.5 US dollars / ton.

Industry chain: downstream, styrene-butadiene rubber: domestic styrene-butadiene rubber market fell. The market enquiry atmosphere was light, the merchants were not well shipped and the offer was slightly down. Some of the sources talked about the price and the price was small, and the transaction volume was small. Butadiene rubber, the domestic butadiene rubber market fell. Butadiene continues to fall, and buyers are buying at a lower price. Some merchants are shipping down, and the price range is down, and the volume is not much. SBS: Some brands of oil rubber and dry rubber roads in the domestic SBS market have been pushed up, and the small orders in the market are mainly sold.

Third, the market outlook

On the positive side, the supply of goods in the market is in short supply, and the operating load of some private enterprises is low. On the negative side, downstream buyers have limited ability to accept high prices, and the external market is weak. Fushun Petrochemical’s export of butadiene is expected to increase, and some manufacturers’ prices are lowered. The butadiene analysts of the business community expect that the butadiene market will be dominated in the short term, focusing on the changes in market supply.

In India, the closure of Vedanta’s Sterlite copper smelter, coupled with the closure of production by Indian Copper and India’s Dalco smelter for maintenance purposes, led to a 47.1% decline in domestic refined copper production, rising prices and falling exports.

The capacity of the Sterlite copper smelter is known to be 400,000 tons per year, accounting for 40% of the national copper smelting capacity.

The decline in production at the copper smelter led to a sharp decline in India’s copper exports. As of June this year, exports fell 91.6% in the second quarter and imports increased by 221%.

The rise in Indian copper prices has made aluminum an economic alternative. It is reported that the demand for copper in India’s domestic market mainly depends on electrical appliances (34%), construction (8%), automobiles (11%) and durable consumer goods (8%).

Products: Domestic agricultural ammonium chloride prices have risen slightly this week: the mainstream price of agricultural ammonium ammonium is ranging from 600-750 yuan/ton, and the mainstream price of wet ammonium is 500-600 yuan/ton. The spot supply of ammonium chloride market is tight. Some enterprises have received advance sales until early September, and prices in North China and Southwest China are expected to increase.

Industry chain: The upstream liquid ammonia is in a slight increase this week. Due to the environmental protection and the rising price of natural gas upstream of liquid ammonia, the liquid ammonia price is now rising. For the rise of upstream raw materials, the later stage of ammonium chloride will cause a serious shortage of operating rates. Affected by environmental protection and reducing carbon emissions, manufacturers in many regions are now forced to stop production and undergo environmental inspections. At present, the mindset of ammonium chloride manufacturers is mostly cautious. Urea and ammonium chloride are both nitrogen fertilizers. Before the second, there is an alternative. Due to the sales of compound fertilizer in summer this year, the urea price of the nitrogen fertilizer series is slightly warmer, the price of ammonium chloride is affected to some extent, and the price of ammonium chloride may be later. Stable or rising.

Forecast: The demand for chemical fertilizers has dropped sharply. At the same time, due to the overall trend of compound fertilizers, the market continues to be better, and the price of ammonium chloride may stabilize or rise later.

According to TABNinfo.com’s website on August 19, Riyadh reported that in order to meet domestic and international demand, Saudi Arabia’s state-owned oil giant Saudi Arabian National Oil Company (Saudi Aramco) added value by integrating refining and chemical production and expanding cleaner natural gas supply. It has strengthened its role as the world’s largest producer of crude oil and condensate.

Saudi Aramco said in its 2017 annual review report highlighting its strategic results today that Saudi Aramco will improve its mature oilfield production, accelerate the development of newly discovered oil fields and secondary oil and gas reservoirs, and develop new reserves from new increments. Maintain its position as the world’s leading crude oil producer.

Saudi Aramco President and CEO Amin Nasser said: “In 2017, Saudi Aramco will continue to implement its long-term reliable supply strategy to meet customer needs, thereby promoting the economic growth of the Kingdom of Saudi Arabia and the world.”

Nasser said: “Despite the uncertainties and instability in the market environment, we continue to create long-term value to benefit our shareholders, customers and partners. This year’s review highlights how Saudi Aramco passes the entire cycle and the entire value. A wise investment in the chain is dedicated to playing its part in meeting today’s and tomorrow’s global energy needs.”

Nasser pointed out that in 2017, Saudi Aramco implemented a series of oil and gas projects in the upstream sector.

First, the price trend

According to the data of the business community’s commodity list, the domestic formaldehyde market fell this week. The average price of formaldehyde at the beginning of the week (August 13) was 1481.11 yuan/ton, and the average price of formaldehyde on the weekend (August 17) was 1460.00 yuan/ton. The decline was 1.43%, and the current price rose by 20.41% year-on-year.

Second, the market analysis

Product: The domestic formaldehyde market price fell. At the beginning of the week, the mainstream factory price in Hebei was around 1450-1550 yuan/ton. The weekend price was 1420-1550 yuan/ton, down 30 yuan/ton. At the beginning of Shandong, the price of Shandong factory was 1450-1550 yuan/ Tons, the weekend quoted at 1440-1550 yuan / ton, down 10 yuan / ton, the mainstream factory price in Jiangsu at the beginning of the week was 1600-1700 / ton, the weekend quoted at 1600-1700 yuan / ton. The supply of formaldehyde in the market is sufficient, and the pressure on manufacturers is not reduced.

Industry chain: The upstream methanol market is full of twists and turns. The price at the beginning of the week is 3,000 yuan/ton, the weekend is 2,968.75 yuan/ton, and the lowest price on the 14th is 2,935 yuan/ton. The formaldehyde product was not supported, the atmosphere of purchase and sale in the market was general, and the downstream maintenance just needed to be purchased. The trading on the market was cautious and the price of formaldehyde fell.

Third, the market outlook

The upstream methanol market has a downward trend in recent days. The downstream operating rate is generally low, and the receiving sentiment is not high. Therefore, the formaldehyde analyst of the business community chemical branch expects that the domestic formaldehyde price will be mainly downward.

According to the data monitoring of the business community, on August 14, the average price of acetic anhydride enterprises was 7,525.25 yuan / ton, up 0.69% from the previous trading day, up 47.84%.

On August 13th, the acetic anhydride commodity index was 142.82, which was the same as yesterday, which was 13.82% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was 72.95% higher than the lowest point of 82.58 points on September 20, 2016. (Note: Period refers to 2013-02-01 to date).

On August 14, the domestic acetic acid anhydride factory price rose, and the market transaction price rose. In most areas, the factory price is 6800-7400 yuan / ton, the actual transaction price rises, the actual transaction price is about 6700-7200 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid has risen, the price of raw material methanol has fluctuated, and the cost of acetic anhydride manufacturers has increased, which is good for the price increase of acetic anhydride. Recently, the inspection plan for acetic anhydride plants has increased, and the operating rate of equipment is not high. The operating rate of downstream customers has rebounded, and the demand for acetic anhydride has increased. At the same time, the sharp rise in raw material prices and the decline in operating rates have provided fundamental support for the recovery of acetic anhydride prices. However, the market has limited acceptance of high-priced acetic anhydride. The price of acetic anhydride will not rise sharply in the short term. A slight increase.

First, the price trend

According to data from the business community’s big list, this week’s domestic adipic acid market rose, dealers’ offers rose slightly, this week’s increase was 2.43%. At the beginning of the week, the average foreign exchange price of adipic acid was around 9550 yuan/ton. To 9800 yuan / ton.

Second, analysis and review

This week, the domestic adipic acid market continued to rise last week. Some manufacturers raised their prices by 300 yuan/ton. The market stabilized and rebounded. The North China, East China and South China dealers’ prices rebounded by 200-300 yuan/ton. Up and down, dealer inventory still showed some pressure, and the shipment strength remained at a low level. There was some room for negotiation in the real market. In terms of supply and demand, the supply is relatively stable, the inventory of the manufacturers remains at the median level, and the dealers have sufficient supply. In terms of demand, the downstream demand has not changed much, and the increase has not been significantly improved. The operating rate of PA66 manufacturers has improved compared with the previous period, but the operating rate is basically 5-6%, and the upstream adipic acid has not formed a strong boost. However, the current contradiction between supply and demand has a tendency to ease. It is expected that with the strengthening of market shipments, market inventories will be further degraded, but manufacturers and market prices will gradually appear, dealers’ profits will be compressed, and there will be some pressure on low-cost shipments. As of now, the reference price of the Shandong source market is about 9600-9900 yuan / ton, and the general price in South China is 9800-10200 yuan / ton.

Third, the market outlook

Adipic acid analyst of the business division chemical industry believes that the current market rebounds, dealers are still able to maintain shipments, maintaining the previous level, the market is still in the inventory cycle, the supply of manufacturers is sufficient, but the contradiction between supply and demand has not improved much, so it continues to rise later. The motivation is not enough.

On April 19, the main contract of Brent crude broke through 74 US dollars/barrel in intraday, refreshing a new high since the end of November 2014. Further statistics found that since April 18 this year, the cumulative increase in the main contract of Brent crude oil has reached 10.94. %.

In response, Guosen Securities stated that since the second half of last year, due to a number of factors such as the continued production cut by OPEC, the continuous production of refining capacity in the Asia Pacific region, and the weaker US dollar index, the crude oil price center has continued to rise. In the medium term, with the stable crude oil price center at a high level, products that are directly related to crude oil, such as xylene, polyester, ethylene, and acrylic acid, are expected to be thickened.

In fact, the upward trend in oil prices has been reflected in the 2017 performance of petroleum and petrochemical listed companies. As of yesterday, 26 related companies had disclosed the 2017 annual report, and the annual profits of 18 companies had increased year-on-year, accounting for nearly 70% of the total. Among them, Haiyue shares (241.25%), Guanghui Energy (218.77%) and satellite petrochemicals ( 202.49%), PetroChina (188.52%) and Tianke (117.19%), etc. The annual net profits of five companies increased by more than 100% year-on-year, Qixiang Tengda (69.10%), Tongkun (55.52%), and Hengli (45.73%), China Ding (28.81%) and Hailid (22.99%) companies reported annual net profit growth of over 20% year-on-year. In addition, the net profits of the two companies in the annual report of COSL and Daoshen have turned losses.

Of the 18 companies whose annual report results achieved growth, 16 stocks have been given a rating of “Buy” or “Overweight” within the last 30 days, among which Sinopec (15) and Tongkun (15) Three stocks such as Home) and Rongsheng Petrochemical (13) were focused on by the institutions. In the past 30 days, the number of optimistic ratings given by the agencies exceeded 10, and Hailid (8), Hengli (7), Shares of Shanghai Petrochemical (6 companies), Qixiang Tengda (5 companies), Satellite Petrochemical (5 companies), Huajin shares (3 companies), and China Oilfield Services (3 companies) were also rated by institutions in the past 30 days. At 3 or more

Among the stocks listed by the above institutions, Tongkun and China Oilfield Services both had the highest market performance yesterday, and the gains reached 5% and above, respectively 5.74% and 5.00%. For the Tongkun Group, which has the highest number of ratings and outstanding market performance, Zheshang Securities said: As of the end of 2017, the company had a production capacity of 4.6 million tons/year of polyester filament, and the company plans to build 2 million tons/year from 2018 to 2019/ The annual production capacity of polyester filaments will contribute to the further consolidation of the company’s leading position in the industry. In addition, the company participates in a 20% equity stake in Zhejiang Petrochemical. With the gradual commencement of production of the Zhejiang Petrochemical project, the company will realize the entire industrial chain layout of “Refining-PX-PTA-Polyester Filament”, which will help improve the overall profitability of the company. In addition, CSC also said: first quarter results are expected to increase from 50.23 to 61.74%, the second quarter is the company’s polyester filament products sales season, second-quarter results worth the wait, the whole, the company expects 2018 – 2019 The net profit attributable to the parent company was respectively 2.301 billion yuan and 3.671 billion yuan, and the “buy” rating was maintained.

As for the later trend of crude oil prices and the leading stocks that benefited from the rise in oil prices, China Merchants Securities said: In view of comprehensive demand, supply, and the international environment, crude oil prices tend to rise and fall, and it is recommended to pay attention to the elasticity of oil prices from the four main lines: 1. Performance, Flexible and privately-owned large-scale privately-owned refining and refining targets; 2. Highly-stocked, profitable refineries, such as Shanghai Petrochemical and Huajin, etc.; 3. Oil and gas assets, directly benefiting from the rising price of oil Such as Zhongtian Energy, Trendy Energy, Intercontinental Oil and Gas, etc.; 4. Downstream subdivision industry leader, such as Donghua Energy, satellite petrochemical (acrylic acid) and so on.

It is reported that the environmental court in the northern Chilean mining district Antofagasta required Lumina Copper, which owns the mine, to close the Caserones copper processing plant for 15 days because of the leakage of the mine’s tailings and the impact on a nearby river.

Recently, China nonferrous Metal Industry Association (hereinafter referred to as the Association of Nonferrous Metals) Under-Secretary-General Yang Yunbo in the Commodities Market Summit forum revealed that in response to illegal electrolytic aluminum production capacity of the reorganization began, has 5.29 million tons of production capacity production, and another 5.05 million tons of construction capacity, a total of illegal violations of electrolytic aluminum production capacity of

In April this year, the NDRC, Ministry of Industry and other four ministries issued a joint “clean-up and rectification of electrolytic aluminum industries illegal project special action work plan” to clean up the new production capacity of electrolytic aluminum since May 2013. Yang Yunbo introduced that in 2014-2016, a group of industrial policy violations of electrolytic aluminum capacity has been launched, the new capacity of the speed has been far more than aluminum consumption growth.

The “plan” put forward two “immediate” requirements: that the illegal construction of the capacity of the production immediately discontinued, illegal building capacity immediately halted. In the six-month inventory, including the Weiqiao Venture Group, the letter hair group, including the industry leaders have illegal projects were shut down, two are involved in electrolytic aluminum production capacity of 2.68 million tons and 530,000 tons.

After the implementation of the capacity policy, domestic electrolytic aluminum output is an inflection point. The Association’s statistics show that in June this year, electrolytic aluminum output reached an annual high of 97,700 tons, since then began to decline. By October this year, production had fallen to 82100 tonnes a day. Aluminum prices reached 17250 yuan per ton in mid-September, also fell back to the current 14,000 yuan. Nevertheless, aluminum prices are still higher than the same period last year, the domestic aluminum smelting industry in October this year recorded a profit of 31.3 billion yuan, an increase of 79%.

At the time of large-scale clean-up of illegal production capacity, domestic electrolytic aluminum supply and demand basically maintain a balance. The association’s data said that this year, domestic electrolytic aluminum production reached about 32.3 million tons, apparent consumption of about 32.4 million tons, both year-on-year growth of a small increase of more than 1%. Yang Yunbo said that the market demand for electrolytic aluminum this year and the early years of the forecast deviation, the association of Nonferrous Metals was expected to grow up to 7%-8%, but the reality is not as expected.

The market is also divided over next year’s consumption forecasts. Pessimists believe that the decline in real estate investment growth, such as the impact of aluminum consumption and other commodities, has entered the platform period. In the optimists ‘ eyes, consumption will continue to grow as the application of aluminum alloy is opened up to new industries outside of construction.

The rise of trade protectionism in the United States and other countries will also change the export situation of China’s aluminum products, thus affecting consumption. Since last year, the United States has launched five trade surveys for China’s electrolytic aluminium industry, the latest one being a double counter survey of China’s aluminum strip this November. In October this year, the Commerce Department also ruled that imports of Chinese-made aluminium foil would be levied at a rate of 96.81% to 162.24%, which was considered “unfair” at a low price.

In the context of the uncertainty of aluminum demand, the “high pressure” policy for electrolytic aluminum industry is doomed to continue. Previously, the market for equal capacity, reducing replacement policy next year will continue to be suspicious. The policy was issued by the Ministry of Industry in 2015, “some of the production of serious excess capacity replacement implementation measures”, the industry commonly known as 127th, the policy was scheduled to expire at the end of this year.

Article 127th stipulates that, such as new electrolytic aluminum, steel and other projects, must develop capacity replacement program, the implementation of equal or reduction replacement. In other words, if you want to create a new electrolytic aluminum project, you must have completed capacity as a target replacement. Yang Yunbo revealed that the recent participation in the NDRC and the Ministry of Industry research demonstration learned that the electrolysis of aluminum next year will continue to implement equal capacity and reduce replacement policy.

On October 24, the European market closed down a dollar/ton on the market for dimethyl benzene, which closed at $771 – $773 / ton FOB Rotterdam.

The U.S. market closed at $10 a ton on Oct. 24, closing at $805 – $815 / ton FOB U.S. harbour.

The closing price of the market for dimethylbenzene in Asia on October 24 was $1 / ton, and the closing price was $833-835 / ton FOB and 851-853 usd/ton CFR China.

October 24, 2017 MB price quotation:
Cobalt (Co: greater than 99.8%) : $30.38 / lb, more stable than the previous day;
Cobalt (Co: greater than 99.3%) : $29.9 / lb, more stable than the previous day.
On October 23, the cobalt commodity index was 157.79, with a period of 157.85 points (2017-10-10), which fell by 0.04%, up 125.93% from 69.84 points, which was the lowest point on July 05, 2016. (note: cycle refers to 2011-09-01).

The MB quotation is based on the price benchmark of metals and minerals offered by the independent quotation institute (MetalBulletin) for traders and suppliers. The MB will be quoted twice a week. This pricing mechanism is not transparent and can easily lead to market manipulation. Although the pricing mechanism has been criticized, the LME has tried to replace the MMB pricing system with cobalt futures, but the effect is not obvious.

In the oil and gas market trough, nike air max 1 homme essential Daqing oilfield through the expansion of overseas markets “siege” ambitions gradually revealed.
In February 15th, the SASAC official website released the news show, PetroChina party relevant documents clearly put forward in 2030 and a longer period of time, Daqing oilfield to keep more than 40 million tons of oil equivalent sustainable development, Nike Roshe Run Femme overseas oil and gas equivalent to half of the country “”.

Daqing oil and gas equivalent has more than 40 million tons in 2015″. In Daqing oilfield, Air Jordan 2 Retro
the key lies in the long-term goal of overseas production promotion, and in total production without significantly improved the situation, the domestic production can hardly be avoided to compression.

In addition, Daqing oil fell sharply in 2015 performance experience, the rebirth of the old oil field has caused many industry attention problems. The overseas strategy of long-standing, in the international oil and gas market downturn, “going out” is listed as one of the important strategy, and is up to the oil group in height.

Dean of Xiamen University Institute of Chinese energy policy Lin Boqiang told the “daily economic news” reporter said, in the international oil prices back to temperature under the condition of Daqing oil field is facing more and more opportunities to go out, Mark Bavaro also need to make adequate preparations for the international market development.

Daqing oilfield overseas ambitions

In February 15th, the SASAC official website announced that in February 14th, Daqing oil export Canada 4 912 type oil pumping machine issued. The new year, Daqing oilfield vigorously expand overseas markets, overseas business plan clearly.

The news that the oil group in Daqing oilfield will rise to the development of overseas business group, the company’s overall strategic height. Daqing oilfield proposed overseas business establishment of “three step” development path. canada goose victoria parka At the end of last year in the oil group proposed “on the Daqing oilfield as example the construction of a hundred years oilfield opinions” pointed out that “a good scientific production benchmark, to 2030 or even a longer period of time, UGG Fox Fur Bottes Daqing oilfield maintained more than 40 million tons of oil equivalent sustainable development, overseas oil and gas equivalent to” half of the country “, the degree of internationalization a substantial increase.”

According to CNPC disclosure data show that in 2015, Daqing Changqing oil and gas equivalent yield were maintained at 50 million tons and 40 million tons.” In 2016, the oil interests of overseas oil and gas equivalent output of 76 million tons.

Public data shows, Burberry Sweat-shirt Daqing oilfield overseas oil and gas cooperation zone in Mongolia of China, Central Asia and the Asia Pacific region in three, output technology, equipment manufacturing and engineering construction; overseas non oil service area is concentrated in the Middle East and Africa in two regions, parajumpers masterpiece OWNER mainly in the output power technology equipment.

In early November 2016, PetroChina held a meeting in Beijing on the problem of sustainable development of Daqing oilfield and other areas. Timberland Roll-Top Bottes According to the oil official website news, Womens Air Jordan 3 Wang Yilin, PetroChina chairman at the meeting pointed out, to speed up the pace of “going out”, and actively explore overseas markets, and gradually put into the oil company,

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in 2016 February 2016, to accelerate the process of reform of state-owned enterprises, the SASAC issued as ten pilot reform in May 2016; the “central enterprises to deepen the reform of fitness and health work program” approved by the central enterprises require compression management; in August 2016 the SASAC issued “on the state-owned holding enterprises of mixed ownership of employee stock ownership

the opinion”, to carry out the pilot ESOP put forward clear requirements; October 2016 NDRC mix change “6+1″ pilot program, China Eastern Airlines Group, Malcolm Butler China Unicom Group, China Southern Power Grid, Harbin Power Group, China nuclear construction, Moncler Doudounes China ship and Zhejiang Province to become the first pilot object; in December 14, 2016 the central economic work conference pointed out that speeding up the seven industry mixed reform process. ADIDAS ZX 750 Intensive release of SOE reform policies in 2016, the framework of the reform of

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Shenzhen two city 2016 annual disclosure of earnings season curtain just start, part of the performance of listed companies. The first step to debut. Adidas Harden 2.5Pe According Zhengbao information statistics, as of February 14th, the Shanghai and Shenzhen two city has 153 listed companies to disclose the results of letters, of which 99 companies net profit attributable to shareholders of the parent company to achieve an increase of more than 60%, “good news”. From the distribution of the industry, bio pharmaceutical industry has disclosed the results of letters of 14 companies, net profit year-on-year growth of 12; chemical industry and electronic industry companies to disclose the results of letters were 12, 11, net profit year-on-year growth were 8, 10, and the industry company the performance increase is close to the front.

In the “good news” camp, a total of 26 companies net profit growth rate of more than 50%, 17 companies of the growth rate of more than 100%, of which net profit of Tiantan biological, FSL, emicon, HALS, Jiangsu Shentong, an increase of more than 200%. Specifically, Tiantan biological pharmaceutical and biotech companies led the performance increase list. Tiantan biological performance express, the company in 2016 net profit of 253 million yuan, an increase of 2439.55%. Tiantan biological said the results achieved substantial growth factors including main business income and net profit of blood products showed rapid growth, the company of a class of vaccine sales income increased, an improved loss etc.. Another pharmaceutical company is realcan pharmaceutical performance increase on top ten, net profit of 591 million yuan last year, an increase of 150.55%.

Behind Tiantan biological electronics industry FSL. Air Max Tailwind As a “dark horse”, its performance in 2016 net profit of 1 billion 77 million yuan, an increase of 1916.92%. company said that during the reporting period, in the macroeconomic downturn, the lighting industry overcapacity, fierce market competition and material prices and other unfavorable circumstances, the company increased R & D investment, constantly optimize the product structure, make LED product sales revenue increased rapidly. Mason technologies, belong to Sunway communication electronics industry, achieved a net profit year-on-year growth of 166.16%, 141.52% in 2016, ranked sixth, ranking the performance increase of tenth. NIKE ROSHE TWO Among them, Mason said, the performance increase is LED business growth based on company endogenous growth and success driven dual epitaxial acquisitions; growth performance of Sunway communication will be attributed to the company in improving product market share, increasing product category. Canada Goose Solaris It is worth mentioning that, regardless of the overall situation from the industry point of view, or from the increase in ranking number before the company, the chemical industry performance are very eye-catching. 26 companies in more than 50% performance increase of 8 from the chemical industry, such as kaimeite gas, oxiranchem, HTC new material in 2016 net profit increased by 144.15%, 136.07%, 133.40%, its growth performance were mainly due to the rapid growth of the company’s main product sales etc.. Nike Air Max 2016 Homme

In addition, in the chemical industry, lithium battery company performance is quite outstanding. Among them, benefit from the new energy automotive market demand continued strong, Cangzhou pearl 2016 net profit of 486 million yuan, an increase of 126.39%; capchem last year net profit of 256 million yuan, an increase of 100.4%, the company said, the rapid growth of lithium ion battery electrolyte and chemicals in the country benefited from the new energy vehicle market appeared, production and sales situation the sales, orders increased significantly, to promote the company’s revenue and profit scale rapid growth. Nike Roshe Run Style Homme One of the important factors of mergers and acquisitions also dress up the part of the performance of listed companies. Asics Gel Lyte 3 Femme Beige The reporter statistics found that net profit increase of the top 10 companies, 3 companies have benefited from this. Andre Tippett Jiangsu Shentong express results show that during the reporting period the company achieved. Allring technology in 2016 net profit of 150 million yuan, an increase of 166.16%, the company will be the main reason for the growth performance during the reporting period will be summed up as: Internet advertising media acquisitions Beijing Dingsheng ccgood Network Marketing Co., Ltd. Beijing hundreds of millions of Wireless Information Technology Co. Ltd. NIKE KOBE 11 consolidated.

daily 2017 first round of oil price adjustment window will open on 24 January 12th. Nike Air Max Thea Homme Noir Many agencies predicted oil prices will usher in the rise, this is not only the first increase in 2017 will achieve new year four rising”. parajumpers soldes Longzhong information statistics show that as of January 10th, the crude rate of change of 3.24%, according to the current oil level to measure the expected round of refined oil increase rate of 100-110 yuan / ton, equivalent to the price rise 0.07-0.09 yuan / liter. AIR JORDAN 11 According to WWW estimates, is expected to raise gasoline and diesel 80 yuan / ton. Timberland Roll-Top Bottes

“International oil prices fell sharply for two consecutive days, the current round of domestic oil price increase continued to narrow,” Zhuo oil analyst Xu Na said, Iraq’s crude oil exports to the market questioned whether the innovation of high performance production agreement, and the dollar strong negative pressure factors of international oil price. Air Jordan 11 For Sale Xu Na pointed out that, according to the current 80 yuan / ton expected adjustment estimates, four after rising gasoline or the cumulative increase of up to 790 yuan / ton, diesel or the cumulative increase of 765 yuan / ton, equivalent to 92 gasoline price rise to 0.62 yuan, No. New Balance 998 homme 0 diesel 0.65 yuan. Nike Free Rn Flyknit Femme Within the past two months, the cost of oil consumers increases continuously.

September 7, 2017, the Ministry of Commerce of the People’s Republic of China for ethylene glycol butyl ether and other anti-dumping duties levy expired issues have been announced, according to “Anti-dumping Regulations of the People’s Republic of China” Article 48, anti- Tax expropriation period and the price of the implementation of the commitment period of not more than 5 years, but the review to determine the termination of the anti-dumping duties may lead to dumping and damage continue or re-occurrence of anti-dumping duties levy period can be extended. For ethylene glycol butyl ether, the expropriation of its anti-dumping duty expires on January 27, 2018, the Ministry of Commerce issued a notice on the ethylene glycol butyl ether market, what impact?

Year capacity production import volume export volume apparent consumption import dependence
2008 1 0.5 8.77 0.17 9.1 96.37%
2009 7 1 11.13 0.11 12.02 92.60%
2010 7 1 13.2 0.11 14.09 93.68%
2011 7 1.4 13.82 0.17 15.05 91.83%
2012 9 2 12.5 0.17 14.33 87.23%
2013 9 3 13.59 0.05 16.54 82.16%

First of all, we have to understand why the anti-dumping duties on ethylene glycol butyl ether products, according to statistics, before 2009, the domestic manufacturers of ethylene glycol butyl ether only Jiangsu Yida a production capacity of only 10,000 tons / year , The domestic demand for ethylene glycol butyl ether mostly rely on imports, although in 2009 Dana Tianyin production 60,000 tons of ethylene glycol butyl ether device and in 2011 expansion to 80,000 tons, but because of its just in the initial stage, Capacity utilization is low, far can not meet the huge domestic demand, from the table we can see that the domestic ethylene glycol butyl ether import demand in more than 90%, domestic enterprises struggling, in order to maintain their own survival, Other production enterprises in the United Nations formally filed suit against the United States and the EU imports of ethylene glycol and diethylene glycol monobutyl ether anti-dumping investigations. Announcement No.5, 2013 of the Ministry of Commerce of the People ‘s Republic of China, announces the final ruling on the anti – dumping investigation of monobutyl ether of imported ethylene and diethylene glycol originating in the United States and the European Union. Imported ethylene glycol and di There is a dumping of monobutyl ether in glycol, China’s domestic industry is subject to substantial damage, and there is a causal relationship between dumping and material damage. And decided from January 28, 2013 on the origin of the United States and the EU imports of ethylene glycol and diethylene glycol monobutyl ether levy anti-dumping duties.

Regional company anti – dumping tax rate
US Eastman Chemical Company 10.60%
Dow Chemical Company 14.10%
Yi Kesi Da Chemical Products Co., Ltd. 10.60%
Other US companies 14.10%
EU Sasso Germany limited liability company 10.80%
Sasol Solvents GmbH & Co. KG 10.80%
British Lee Chemical Lavala Co., Ltd. 9.30%
BASF Europe Inc. 18.80%
Other EU companies 10.80%

Year capacity production import volume export volume apparent consumption import dependence
2014 9 3.5 13.43 0.39 16.54 81.20%
2015 9 4.4 13.04 0.2 17.24 75.64%
2016 9 5 15.38 0.15 20.23 76.03%

After the imposition of anti-dumping, the source country can be seen, to some extent, still affected the proportion of imports from Europe and the United States, Germany, France fell significantly. While the South Korean supply because it is closer to our country, did not impose anti-dumping duties, in one fell swoop leapt to China’s second country of origin countries. Anti-dumping duties on the one hand increased the advantages of domestic supply price competition, on the other hand to a certain extent, also weakened Europe and the United States for the domestic market for glycol monopoly market monopoly (Malaysia Petrochemical before 2013 for the United States Dow Asia agent One of the factories), but based on the huge domestic demand, coupled with low domestic capacity utilization, domestic production is far from meeting the downstream demand, so failed to end the US import status, domestic ethylene glycol butyl ether market is still very competitive.

5 years of anti-dumping duties levy period is approaching, the domestic ethylene glycol butyl ether dependence on imports is still maintained at about 70%, production capacity is also maintained at about 90,000 tons, for the highly competitive ethylene glycol butyl ether market, business Department of the announcement, is undoubtedly an opportunity and challenge for domestic enterprises. In this vision, the collection of anti-dumping is nothing more than two results, one is not related to domestic enterprises, the end of five years of anti-dumping levy, then for Europe and the United States and other places will inevitably increase the import demand, domestic enterprises will survive More difficult. Another result is to continue to postpone the imposition of anti-dumping duties, this result must be Dana Tianyun think. Another 2017 global addition of ethylene glycol butyl ether production capacity of about 220,000 tons, for the new capacity of the consumer market is mostly Asia is the Chinese market, in the face of the impact of new sources of supply, national enterprises not only to move the law Weapons to safeguard their own interests, on the other hand should continue to improve the competitiveness of their products. For the Ministry of Commerce of the announcement, follow-up we will continue to pay attention.

April 18, in the central comprehensive reform of the leading group at the thirty-fourth meeting, Xi Jinping clearly pointed out that “to strengthen the solid waste recycling management, the development of circular economy.” barium chloride A few days later, the third batch of central environmental protection inspectors work started, seven central environmental protection inspectors stationed in Tianjin, Shanxi, Liaoning, Anhui, Fujian, Hunan, Guizhou 7 provinces and cities to carry out environmental inspectors. Barium hydroxide These two news to the recycled plastics industry practitioners feel quite complex. Adidas Original Zx Flux Homme China Materials Recycling Association recycled plastic branch of the Secretary-General Wang Yonggang told reporters, 2014-2016, the recycled plastics industry, a slight decline in production capacity, which is increasingly close to China’s efforts to increase environmental protection, some small businesses are gradually eliminated, the actual industry started The rate is less than 50%, the production capacity is not released. AIR MAX TAILWIND 8 Since 2016, the central environmental protection inspector has been working nationwide. Parajumpers Pas Cher At present, this storm does not stop signs, but the more the more fierce the trend. Insiders judge, the next three years, small plastic workshop cut, closed, the proportion of switching should be more than 70%, hundreds of thousands of people will leave the industry. Wang Yonggang that macroeconomic policies and market environment will force the transformation of recycled plastics industry. Barium chloride 99% ZZ91 renewable network general manager Liu Ning also deeply felt the power of this transformation. In his view, the recycling of recycled plastics industry to the recycling network has brought challenges, but also created the opportunity. Missouri Tigers “In 2005, renewable network registered members to 50,60 after the main business of low-cost business opportunities to obtain strong.Now, 80,90 after the main, their network awareness is very strong, the site, APP’s demand More diverse. Canada Goose Rideau Parka “Regeneration network data show that the mobile side of the total number of visits to the platform 80% of the mobile payment to the entire platform to pay 95% of the payment. Parajumpers Femme Extra Long In April this year, renewable network from the service model, service content, resource integration, brand image in four areas to achieve from the information platform to the trading platform B2B2.0 upgrade. “Renewal network upgrade, now is the best time.” Liu Ning said. Parajumpers Homme Adirondack Barium carbonate Recycled plastics industry products are non-standardized, small business and scattered, which brings difficulties to the development of the entire industry. Chris Jones But Liu Ning believes that this feature needs more like a recycling network trading platform for the industry to provide information and information, matching transactions, payment, logistics, finance and other multi-dimensional services. Nike Air Max 2017 Homme “Recycled plastics industry recycling more than 26 million tons of plastic per year, equivalent to saving more than 4000 million tons of oil, reducing emissions of more than 600 million tons of carbon dioxide. NIKE ZOOM ALL OUT Our industry is a low-carbon environmental protection industry.” Wang Yonggang repeatedly stressed that from the technology and technology In terms of China and the developed countries have no gap, restricting the use of recycled plastics in China and the development of the industry is not in the back-end, but in the front-garbage classification and system construction.

Into July, due to the import of potash fertilizer is still no definite news, the domestic price of potassium chloride is temporarily uncertain.

According to the national customs statistics, from January to May this year, the cumulative imports of potassium chloride 3.813 million tons, an increase of 26.3%. May imports of potassium chloride 254,000 tons, down 31.6%, hit this year since the new low import volume. May imports, Belarus to 76,000 tons in the first place, Canada and Russia out of 23, imports were 71,000 tons and 55,000 tons. In addition, China Laos project 18,000 tons of potassium chloride to nurture the domestic market. Insiders pointed out that the pace of imports in May slowed down the main reason is a large number of imports a few months ago.

At present, the price of domestic potash fertilizer temporarily stable, but many areas have price increases, Salt Lake Group 60% of potassium chloride to offer 2,000 yuan (t price, the same below) around. Port imports of potassium chloride prices did not change significantly, but the inflation is expected to be more obvious, the industry analysis, mainly due to the extension of the contract, the port continued to reduce the supply. At present the port of large particles 1900 ~ 1930 yuan, 60% Russian red potassium 1900 yuan, 62% Russian white potassium 2000 yuan. Yingkou Hong Kong large particles 1890 yuan. Border trade area 62% Russian white potassium offer 1,800 yuan.

Potassium sulfate prices rumors more and more. Central China market manufacturers offer up 50 yuan, Hebei manufacturers to follow up 50 to 100 yuan. Prices will be strong, as well as the operation of the country to vote potassium dealers. Reporters learned that sales in some areas dealers better, no inventory, or even tight cargo. It is reported that Shandong potassium sulfate operating rate stabilized at about 95%, 50% powdered potassium sulfate mainstream factory price 2450 ~ 2500 yuan, granules of potassium sulfate and 52% of the whole water soluble powder 2600 ~ 2650 yuan, sales in good condition. However, Mannheim potassium sulfate by-product hydrochloric acid sales are not ideal, most manufacturers to be down 100 yuan; Weifang area enterprises have stopped sticking, and even sold about 30 yuan. Overall, potassium sulfate operating rate is low, high cost, with the expected quotation of potassium chloride up, potassium sulfate prices may rise with.

On the international side, there is no new progress in the big contract negotiations in India. Last year, the big contract expires on June 30, and some of the contracted potassium chloride will arrive in July and August. It is rumored that if the price increases, the demand for Indian farmers may decline. Brazilian market for large particles of potassium chloride is still a large demand, but because of the larger inventory, some dealers even lower than the cost of inventory sales, in order to set aside inventory space to maintain market price stability.

China is a large country of pesticide production, almost half of the annual pesticide production capacity to be used for export, pesticide exports accounted for a large amount of pesticide market sales. On the other hand, due to the gap between the pesticide formulations, Chinese manufacturers mainly export pesticide technology in the international market, which greatly restricts the value of the technical formula.

Over the past two years, the proportion of the original drug exports continued to decline, the proportion of export agents continue to rise, increase the export tax rebate rate for the promotion of Chinese pesticides in the international market competitiveness, has an important role. According to the news, since April this year, in order to promote the rapid development of pesticide export business, the relevant management part is actively studying pesticide export policy.

More than 400 kinds of products export tax rebate rate to 17% of the country to encourage higher value-added products exports

November 1, 2016, approved by the State Council, improve the electromechanical, refined oil and other products, value-added tax export tax rebate rate. Will be cameras, cameras, internal combustion engines, gasoline, aviation kerosene, diesel and other 400 kinds of products export tax rebate rate to 17%. Have to say that the country has done a lot of work in encouraging exports.

China Financial Science Research Institute Vice President Bai Jingming said that the adjustment of some product value-added tax export tax rebate rate, the transfer of two positive signals: First, to promote stability, aimed at effectively expanding external demand; Second, to ensure that China’s foreign trade enterprises and international enterprises in the same Starting line fair competition, improve the competitiveness of China’s export of goods.

In fact, early in 2015, China’s pesticide export tax rebate policy has been adjusted, of which 481 pesticide varieties of the original export tax rebate raised to 13%, but the export tax rebate rate is still 5%.

Export tax rebates can enhance the international competitiveness of export products; reduce export costs, to encourage exports to drive domestic industry. Developing countries in the adoption of high tariff protection of domestic industries as a supporting measure. In recent years, China’s exports of major commodities to upgrade the high-tech products, quality products exported best-selling. The country has been encouraging the export of high-value products with high added value, which is reflected in pesticides.

If the export tax rebate rate increased to 9% -13%, according to 2015, China’s pesticide export amount of about 3 billion US dollars, the current 5% tax rebate rate increased by 4-8 percentage points, the export tax rebate will increase 120 million $ 2.4 billion.

Insiders pointed out that the export tax rebate pesticide formulations and electromechanical, refined oil compared to these industries, the amount is not high, it is easy to be ignored in the export tax rebate policy. However, pesticide formulations are high value-added products in pesticides, in the country to vigorously promote the export of major commodities to the current high-tech products to upgrade the current, should give more policy encouragement. “The original drug export tax rebate rate can be increased to 13%, is the preparation with 9% are far behind?” The industry also said that Chinese pesticides in the global market have greater influence, the preparation is a weapon to the teeth The

Original drug and preparation export tax rebate rate imbalance The status of export restrictions or will improve?

Long-term pesticide drugs and preparations between the export tax rebate imbalance has become to enhance the international competitiveness of pesticide companies a major obstacle.

In recent years, although the export of pesticide preparations in China showed a growth trend, the proportion of pesticide preparation exports increased from 36% in 2011 to 42% in 2015, from the bottom two pictures can clearly see the proportion of change. But the total point of view, the original drug export amount is still greater than the amount of export agent, still did not turn over 50% of the mountain.

Overall, at present, China is still the main export of the original drug, the original drug export amount is still greater than the amount of export agents.

According to statistics, in 2015, China’s pesticide exports amounted to 7.28 billion US dollars, of which the original drug exports accounted for about 60% of the amount, reaching 4.26 billion US dollars, while the export amount of the preparation of only about 40% of the original drug exports still dominate.

For some time, enterprises continue to China Pesticide Industry Association to reflect on the original drug and pharmaceutical export tax rebate rate upside down the problem. The association organized the relevant enterprises to actively study and discuss the current situation of the original drug and preparation export management, analysis of chapters 29 and 38 of the customs import and export management directory of pesticides, many times to the relevant management department to submit “on the proposed increase in pesticide export tax rebate letter” , Truthfully reflect the industry problems.

As we all know, pesticide processing of the environment almost no pollution, high technical content, added value is higher than the original drug. However, the original drug export tax rebate rate is usually 9% (2015 481 kinds of the original drug adjusted to 13%), the export tax rebate rate of only 5%, the original drug and agent export tax rebate rate upside down affecting the pesticide enterprises to the downstream, high-end The enthusiasm of the extension, and encourage the development of pesticide industry policy departure.

The proportion of the original drug exports to reduce the proportion of export agents to improve the export tax rebate pesticide formulations is imperative?

At present, in the export of more than 180 countries, Southeast Asia, Latin America and Africa is the main destination of China’s pesticide exports, the three together accounted for China’s total exports of pesticides nearly 65%. By the global economic downturn, China’s pesticide exports continued to grow after four years, the first time in 2015 the number of exports and the amount of double down, down 8.1% and 16.9%, 2016 continued to double down, the export volume dropped significantly by 22.86%.

From 2011-2016 China’s pesticide export product structure, showing the proportion of the original drug exports decline, the proportion of the proportion of export agents increased. Although the original drug has been the main position of China’s pesticide exports in recent years, the number of exports decreased year by year. Preparations in China’s share of pesticide exports in the proportion of rising export volume growth rate, the steady increase in the amount of exports. Pesticide preparations from 754,800 tons in 2011, 2.28 billion US dollars rose to 8.916 million 879,300 tons, 2.406 billion US dollars, respectively, about 10% and 6% increase.

From China’s export of pesticide varieties, 2016 China’s exports of pesticides in the original drug products, herbicides still account for a large proportion of the top ten varieties of export for the glyphosate, paraquat, imidacloprid, chlorothalonil, atrazine , Chlorpyrifos, methanesulfonamide, oxalcone, carbendazim and methamphetamine, total exports of 2.209 billion US dollars, accounting for 27.6% of the total.

In this environment, to improve the export tax rebate rate of pesticide formulations will further promote the export process of pesticide formulations, help to promote the overall healthy development of the industry to help the pesticide industry through the winter.

In addition, the increase in pesticide export volume can not only help to achieve the transformation and development of pesticide industry, enhance the development of industry sustainable, but also to promote the processing and packaging machinery and equipment manufacturing, packaging materials production industry, additives industry, logistics industry and other pesticide-related industries Accelerate development.

Since the opening of the commodity market in mid-February 2017, it has fallen for four months. In the past four months, the market is almost unilateral, and the monitoring data show that from mid-February to June 12, The price index BPI fell from 892 points to 823 points, down 69 points, or 7.7%, BPI fell back to the end of November 2016 level.

Major commodity prices also fell sharply during this period, as the leading commodity of international crude oil from mid-February has fallen by 14%, into June after the oil price fell to 45 US dollars / barrel “floor price”;

Iron ore spot since February, the cumulative decline of 33%, the price fell back to the level of October 2016, the current price of 441 yuan / ton is already touched the year low;

Copper spot fell 7% over the same period, Shanghai copper fell to the lowest on May 19 45200 yuan / ton position.

Business center editor-in-chief, China Commodity Development Research Center Secretary-General Liu Xintian had previously pointed out that after March the market is in the old and new energy transfer interrupted, the policy side to give the market up momentum has been digested in January to February, after March Such as “two sessions”, “security effect” and just past the “one side of the international summit” and other policy aspects of the positive are “short-lived”, did not give the market to provide sustainable and strong upside momentum, and the second half of 2016 market Open up to 8 months of a new round of gains too fast, in the absence of new sustainable momentum continued and the accumulation of too much market bubble under the premise of the current decline in the market lasted 4 months already ended the crazy Cattle pattern, and even shake the big bull market from 2016.

Liu Xin Tian analysis, the market in late June or a turnaround, the end of June early July or into the market watershed, for three reasons: First, the market is alive. The recent commodity price index BPI has signs of stabilization, June 8 BPI hit 822 points in the first half after the low began to stabilize, and some commodities from the end of the year began to rebound, natural rubber rebound from the year low 2.64% 8 days since the rebound rate has reached 2.84%, the plastic plate rebound the most obvious, over the past month, PVC rose 3.17%, LLDPE rose 4%; Second, the leading varieties to stabilize. Crude oil in the recent bad situation has never been below the 45 US dollars, still stick to the floor above. Not only crude oil, iron ore, thermal coal base commodities are also successfully built bottom, the recent futures market performance has been more stable; third is the environment for the better. Economic environment, the overall performance of China’s economy to the good, buy, limit loans and other measures to curb the real estate market bubble, the market speculation to curb the manufacturing sector is expected to quench their thirst in the capital field; psychological environment. Nearly six months mark, the market confidence or turn for the better.

China Futures founder often clear that further decline in commodities may not be much. The industry is generally expected in late June even if the market continues to fall but the space is small, the end of the month or become a commodity market watershed, the market after four months of continuous decline or usher in the inflection point, some commodities or plates took the opportunity to pick up, 2017 Half of the market cautiously optimistic.http://www.sodium-metabisulfite.com

OPEC sources said on Friday (May 19) that a committee of the organization was studying possible scenarios for next week’s policy meeting, one of which was to consider an option to deepen and extend OPEC-led cuts , So that the inventory decline.barium chloride 99%

Two OPEC sources said the OPEC Economic Council (The Economic Commission Board) this two-day meeting was scheduled to end on Thursday, but will close later on Friday.

One of the sources said “there is no consensus on the final situation,” while the second source said, to expand the rate of cut is an option, depending on non-OPEC and the United States shale oil supply is estimated to increase.

Representatives of OPEC Member States, representing officials of 13 Member States, as well as officials from the OPEC Secretariat in Vienna, met on Wednesday and Thursday to discuss the situation in the oil market. OPEC and non OPEC oil ministers will hold a policy meeting in Vienna on May 25 to decide whether the cut-off agreement will be extended to the end of June. barium chloride

Bank of America Merrill Lynch: OPEC is expected to extend production agreement 6-9 months

Bank of America Merrill Lynch expects OPEC to extend production agreement for 6-9 months; and hope that demand recovery; OPEC on the oil market is to achieve the spot premium, rather than a specific price; if OPEC to further increase production, it may Will lose some market share to the US shale oil, and oil prices will not rise further.

Bank of America Merrill Lynch further said that if OPEC to improve crude oil production, oil prices or will fall to 35 US dollars / barrel, the financial difficulties of the countries of the organization intensified; the oil market is expected to reach a balance in 2018; Russia is expected in March 2018 Before the match with the cut.

Inventory digestion highlights the greater challenges facing OPEC

According to global inventory estimates and a dozen oil traders and shipping industry sources, there are now in many areas of the oil storage tanks have rebounded, or inventory decline slower than investors and oil companies before the expected. The sources provided Reuters with stockpiles of oil storage facilities that did not disclose oil storage data.barium carbonate

Inventory digestion highlights the greater challenges facing OPEC. OPEC is currently trying to lead the industry out of the downturn caused by oversupply situation. With the US shale oil production surge, oil stocks remain high.

Global oil stocks have been slowed down or even reversed. The Amsterdam-Rotterdam-Antwerp region is one of the most expensive areas of oil storage in Europe, and an industry source says crude oil is starting to re-enter the oil storage facility because the refinery is “filled with oil.”

http://www.sodium-metabisulfite.com

At present, the methanol spreads northwest and East China area has been expanded to 1000 yuan / ton, Shandong and East China spread widened to 500 yuan / ton. The first half of the mainland several sets of new methanol production device is expected, and the current price at a relatively high level of methanol, methanol enterprises overhaul will lower unit will continue to improve the operating rate, the domestic methanol production is expected to record high.

At present, Tianjin is set in Hong Kong, southern Shandong and Northern Jiangsu for port market supply is normal. If this situation lasts for a period of time, then the port and the mainland will narrow the spread, the port import supply will be reduced, the mainland will be affected by the port stimulating demand to increase methanol output.

Historical data show that Tianjin to East China shipping capacity of 2 million tons / year, southern Shandong and Northern Jiangsu to East China shipping capacity of 1 million tons / year, taking into account the expected Shandong plant put into production 1 million 800 thousand tons / year of methanol imports this year may be less than last year. In view of the poor foreign device stability, can not be sustained and stable supply of goods, and the price is high, the competitive advantage is gradually lost.

In summary, the outer disk device because of inadequate supply, the price is high, while the domestic oversupply problem, northwest to East China logistics open again, and spreads continued to widen. On the domestic situation, even if prices decline to a certain extent, methanol industry is also profitable, late domestic methanol supply will further peatlands. In addition, the foreign equipment maintenance end, will return to rational spread inside and outside.

1 years of natural rubber prices rose over 1 times the downstream tire industry was forced to follow up
2017-02-16 09:16 Click 182 times [ large in Small ] Gade Chemical Network

[hot] Gade chemical network daily According to statistics, in February 13th the natural rubber spot price 20600 yuan / ton (Shanghai state full latex), compared to 2016 rose 112.4% over the same period, compared with the price in mid January 2016, the lowest rate is 120.3%, this round of price hikes in the natural rubber industry can be described as a “welcome rain after a long drought”.

Natural rubber and synthetic rubber prices makes the downstream tire industry could not carry the pressure of “Qi Qi call up.

Since the end of November last year, the domestic tire manufacturers have issued a price adjustment notice. Chung Petrochemical tire industry analyst Wang Kaifu told reporters, from November 2016 to February this year, the domestic tire price increases 10%~25% in total, but the tire enterprise price increases or not material gains, mainly because manufacturers worry about sales affected by.

An insider of a domestic tire listed company told reporters, tire prices the nominal and actual prices, nominal prices could rise up to 45%, but in order to keep the market share, vendors may have some promotion policy.”

Rubber prices continued to rise

In fact, natural rubber prices began to rise from the fourth quarter of 2016. Domestic companies listed on the Hainan natural rubber rubber (601118, SH) recently released results Yuying notice that the operating results are expected in 2016 the company achieved turnaround, performance has improved, the reasons including the 2016 natural rubber prices rose nearly 100%. Hainan rubber said, in the domestic economic recovery driven by the downstream tire factory operating rate throughout the year are maintained at a high level, strong demand for rubber, rubber prices rose sharply.

This year the price of natural rubber still maintain the rally. Www natural rubber industry analyst Wu Weiru told the “daily economic news” reporter said, the price of the reasons is at the beginning of January this year the world’s largest rubber producer of Thailand suffered flooding caused by natural rubber supply shortage, and terminal heavy truck production and sales data is strong. In addition, alternative synthetic rubber prices continued to rise also pulled the natural rubber price.

According to monitoring, in February 13th the domestic synthetic rubber factory price is 23900 yuan / ton, the market price of 24200~24500 yuan / ton, the market continued to rise. In January this year, the futures market is the recent rubber from speculation, because the spot price of natural rubber pulled. Investors are regarded as Asia rubber price index of the Tokyo Mercantile Exchange rubber futures price in January this year, soaring 26%, the biggest monthly gain since 1990. Shanghai futures exchange data show that in February 13th HuJiao main (RUM) to close at 22005 yuan / ton, or up to 5.51% single day.

Only 3 billion of precipitation funds from 2016 to the main contract, the main contract 5 billion 900 million huge precipitation funds, pools of capital increase, reflecting the speculation enthusiasm warming rubber.” Wu Weiru said. Wu Weiru said preliminary judgment 2017 natural rubber market for high to low trend, the overall price of the focus continues to rise, showing the whole Manniu market.

With the rise of tire enterprises

according to the titanium dioxide industry association

to incomplete statistics, in 2016 the total sales of about 2 million 478 thousand and 500

tons. The existing production capacity of 3 million 591 thousand tons; statistics last

2014 in the construction of 925 thousand tons of the 1 million 230 thousand tons. The

actual period in 2015 has been the construction of part of the production capacity under

construction.

Recently, Yunnan Zechang resumed production capacity of 60 thousand tons, 100 thousand

tons of Gansu Dongfang titanium products in early construction, no substantial new

projects launched, Yunnan Chang Ze, Gansu orient titanium industry is the original

production capacity is not restored, the new production capacity.

It is understood that at present, China’s titanium dioxide production capacity existing

in less than 3 million 200 thousand tons, in the existing production capacity in 2016 for

overhaul, environmental protection and other factors, the actual total production was

2597212 tons, compared with 2323012 tons in 2015 increased 274199 tons, an increase of

11.8%, a record high.
We can see from the above data, the supply side reform to capacity in the past two years has achieved initial success, the existing production capacity has lagged behind nearly 400 thousand tons of all discontinued or closed, in 2016 the total output of 2 million 597 thousand and 212 tons and the total sales of 2 million 478 thousand and 500 tons of relative balance, market tight supply is due to low inventory.

In 2015 the global titanium dioxide Market in general oversupply of the market situation, the low price makes many producers are not enough to obtain adequate return, some manufacturers take part, reduce the production factories shut down in response to the weakness in the market, it is in the global titanium dioxide industry by reducing the rate of production and inventory to match the market environment.

February 14th light soda ash commodity index 105.86, unchanged from yesterday, compared with the period of the highest point of 107.33 points (2017-01-24) fell 1.37% compared with November 18, 2015, the lowest point of 63.15 rose 67.63%. (Note: the cycle refers to 2011-09-01 so far)

February 14th North China Soda high consolidation, light alkali mainstream factory price 2100-2200 yuan / ton, the heavy alkali 2200-2300 yuan / ton, because the Spring Festival is the trend of the market is expected to post steady light, local market more narrow fluctuations in the market. The central region of soda high consolidation, light alkali mainstream factory price 2050-2150 yuan / ton, the heavy alkali 2200-2300 yuan / ton, the market weak trend. The local market is expected to post a narrow range of fluctuations in the market. East mainstream light soda ash 2100-2200 yuan / ton 2250-2350 yuan / ton heavy soda glass industry, the downstream demand weakened due to the Spring Festival, the expected short-term market continued steady light soda ash market.

The domestic light soda ash factory price in 1900-2000 yuan / ton, priced at 2050-2150 yuan / ton, the actual transaction price negotiation, heavy soda to the price at around 2200-2350 yuan / ton. The domestic soda ash market trend, the price is more flexible, the overall market volume is insufficient. Is expected to narrow finishing market outlook more soda.