News of the new network in the German industry and the national standardization authority 20 days jointly announced, will be 25 this month, the opening of the Hannover industrial exhibition officially set up 4 industrial standardization Council “, to put forward the related industrial standard 4 digital products, and to coordinate its landing in Germany and worldwide.

The 4 industry is a national strategy proposed by the government of Germany, this concept contains the solution, industry and technology, describes the full use of information technology in the factory, and the future prospect of networking system between height.

The German Foreign Ministry said, “the future of the German economy is industry 4″. Germany hopes “digital agenda” on its own to become the leading supplier of industrial and 4 of Europe’s leading countries to promote economic growth by digital. A study is expected in the smooth development of the situation, to 2025, the 4 industry may bring 200 billion growth to 425 billion euros.

Prior to this, Germany has issued the “4 industrial standardization roadmap”. As the concept of the initiator, Germany hopes to continue to lead the development of standardization process leading industry 4.

Participate in the establishment of the “4 industrial standardization Council” institutions including federal information economy, communications and Media Association (Bitkom), German standard chemistry (DIN), the German electrical and electronic and Information Technology Commission (DKE), the German machinery and equipment manufacturing industry association (VDMA) and Germany (Electrical Engineering and electronics Industry Association ZVEI).

Through the establishment of the Council, Germany will form a “industrial 4 Platform”, “industrial laboratory network 4″ and “4 industrial standardization Council three platform to jointly promote the 4 industry from Germany to the world’s situation.

Industrial 4 platform is set up in the German Federal Minister of economy and energy Gabriel and the Federal Ministry of education and research minister wanka advocacy responsible for promoting industrial 4 process coordination mechanism, which consists of a number of specialized working groups. However, the industry standard of 4 newly established board will not be attached to the industrial 4 platform, the organization will be set up in the German electrical and electronic and information technology committee. http://www.barium-chloride.com/

The general office of the State Council recently issued the “implementation of the quality development program 2016 action plan” (hereinafter referred to as the “plan”), made clear the deployment of key work in 2016, stressed the need to improve the quality and efficiency of development as the center, to carry out quality brand promotion action, strengthening the supply side structural reform, promote the construction of power quality.

The “plan” to enhance the power quality and emphasizes the brand promotion. Vigorously improve consumer goods supply special action, organize the implementation of consumer goods quality promotion project. The implementation of high skilled talents in the national revitalization plan, improve their occupation skills and quality accomplishment, the pursuit of quality excellence, shaping the spirit of craftsman. The innovation activities of extensive quality improvement, quality improvement and other forms, quality management method and mode of application of China quality award winners, the implementation of enterprise product and service standards and supervision system of self disclosure statement, create a number of quality safety of agricultural products brand, brand and food inspection and certification of well-known brands.

The “plan” requirements, to optimize the quality and enhance the brand environment. Strengthen the quality improvement of the elimination of backward production capacity and resolve overcapacity. Crack down on illegal acts of piracy according to law and quality, strengthen the quality and safety of agricultural products and refined oil market supervision and law enforcement, to deepen the key areas of food and drug special rectification. Accelerate the important product traceability system, strengthen the whole process of quality and safety management and risk control. To improve the construction of national credit information sharing platform, to accelerate the integration of collection, including product quality, intellectual property, credit information, credit information sharing and exchange implementation. Accelerate the construction of the quality and brand of social governance mechanism, carry out the people’s government at the provincial level assessment of the quality of work, give full play to the supervisory role of the news media publicity.

“Plan” put forward, to foster new advantages of quality and brand competition. To reduce the cost of import and export enterprises, speed up customs clearance speed, accelerate the development of new trade, promote foreign trade advantages into the excellent. Guide the electronic commerce production enterprises to improve production technology, improve the standard execution, thorough investigation of illegal cases of the electricity supplier product quality, promoting e-commerce industry quality upgrade.

The “plan” clearly, to lay a solid foundation for the quality and brand promotion. To improve the quality of the brand support system of laws and regulations, give full play to the role of quality and technical basis of measurement, standards, certification and accreditation and inspection, to strengthen the quality education and culture brand construction.

“Plan” proposed to implement quality and brand promotion project. Start the well-known brands to create a demonstration, brand value evaluation, the implementation of manufacturing innovation center construction, intelligent manufacturing, strong industrial base engineering to carry out the national demonstration city to create a social credit system construction, quality city, national agricultural products quality and safety, quality and safety demonstration area to create activities.

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Continued low consolidation in Guangxi province to chlorine chlorine market, the mainstream ex factory price in 400-600 yuan / ton, export goods prices low, to Guangdong area price in about 800-900 yuan / ton. Chlor alkali plant in the province started load to maintain 80%, stable chlorine production, in addition to the internal and external use of chemical industry park, the commodity is still concentrated in the Guangdong area of shunt, the market outlook is expected to chlorine low order.

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News of the new network in the Ministry of Commerce announced the 14 quarter of 2016, a foreign investment business in China, China’s foreign non-financial direct investment 261 billion 740 million yuan (US $40 billion 90 million), an increase of 55.4%. In March, the month of the new investment of 66 billion 400 million yuan (US $10 billion 170 million), an increase of 21.5%.

The rapid growth of investment in The Belt and Road “relevant countries, key project highlights. A quarter of China’s enterprises to “The Belt and Road” related to the national investment 3 billion 590 million dollars, an increase of 40.2%, especially in March this year, Chinese Guangdong Nuclear Power Group to $2 billion 300 million successful Malaysia power company subsidiary Edera equity and new project development rights, “The Belt and Road” 5 China 13 clean energy project income in the bag, so far, Chinese Guangdong Nuclear Power Group Overseas clean energy installed capacity reached 8 million 843 thousand kw.

International cooperation production situation is good. A quarter to manufacturing of $5 billion 400 million, an increase of 125.9%, especially the investment of the equipment manufacturing industry is 2 billion 650 million dollars, an increase of 176%.

Enterprises overseas mergers and acquisitions activity, wide field. A quarter of Chinese enterprises overseas mergers and acquisitions were implemented 142 projects, the actual transaction amount of $16 billion 560 million, accounted for 41.3% of the amount of foreign investment, these acquisitions involving 36 countries (regions) of the 15 industries.

The geographical distribution of foreign investment is still highly concentrated. A quarter of China’s direct investment flows to the China area of Hongkong as 20 billion 680 million dollars, an increase of 61%, accounting for the same period the amount of foreign investment in the investment in the US $51.6%; 5 billion 240 million, year-on-year increase of 2.6 times; investment in ASEAN 2 billion 290 million dollars, an increase of 44%, foreign investment in these countries and regions the proportion of investment this year more than 70%.

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News of the new network in the Ministry of Commerce announced the 14 quarter of 2016, a foreign investment business in China, China’s foreign non-financial direct investment 261 billion 740 million yuan (US $40 billion 90 million), an increase of 55.4%. In March, the month of the new investment of 66 billion 400 million yuan (US $10 billion 170 million), an increase of 21.5%.

The rapid growth of investment in The Belt and Road “relevant countries, key project highlights. A quarter of China’s enterprises to “The Belt and Road” related to the national investment 3 billion 590 million dollars, an increase of 40.2%, especially in March this year, Chinese Guangdong Nuclear Power Group to $2 billion 300 million successful Malaysia power company subsidiary Edera equity and new project development rights, “The Belt and Road” 5 China 13 clean energy project income in the bag, so far, Chinese Guangdong Nuclear Power Group Overseas clean energy installed capacity reached 8 million 843 thousand kw.

International cooperation production situation is good. A quarter to manufacturing of $5 billion 400 million, an increase of 125.9%, especially the investment of the equipment manufacturing industry is 2 billion 650 million dollars, an increase of 176%.

Enterprises overseas mergers and acquisitions activity, wide field. A quarter of Chinese enterprises overseas mergers and acquisitions were implemented 142 projects, the actual transaction amount of $16 billion 560 million, accounted for 41.3% of the amount of foreign investment, these acquisitions involving 36 countries (regions) of the 15 industries.

The geographical distribution of foreign investment is still highly concentrated. A quarter of China’s direct investment flows to the China area of Hongkong as 20 billion 680 million dollars, an increase of 61%, accounting for the same period the amount of foreign investment in the investment in the US $51.6%; 5 billion 240 million, year-on-year increase of 2.6 times; investment in ASEAN 2 billion 290 million dollars, an increase of 44%, foreign investment in these countries and regions the proportion of investment this year more than 70%.

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Recently, the Sinopec information group held a plenary meeting of the leading group, group chairman Wang Yupu attended and spoke, called for further strengthening the overall planning and top-level design information, focus, classification measures and policies, and actively promote the project ERP, smart factories, unified e-commerce, logistics and other key construction, vigorously carry out the field of big data analysis application of information to support and lead the petrochemical industry towards the end. Dai Houliang presided over the meeting and made specific deploy information work this year, Ma Yongsheng attended. The meeting decided to set up a preparatory group for the second half of the information held working meeting of group company.

Wang Yupu on the information work of the results achieved fully affirmed, pointed out that the development of Sinopec “12th Five-Year” information quickly, “three platform” construction has begun to take shape, get a good effect, has made an important contribution to the reform and development of the company. “Development plan for 13th Five-Year” information clear and comprehensive, the next step is to lay a solid foundation, focused, pragmatic, successive advance.

Wang Yupu put forward five requirements: one is to strengthen top-level design. The overall plan should be fine to it, according to the actual situation of the enterprise development, classification Shi policy, not to engage across the board; to co-ordinate the efforts of software development, platform construction and sharing of data and other basic work, avoid duplication of investment, redundant construction, forming the core competition of software products; establish the “data assets, is a valuable resource. The idea of strengthening the data sharing and data resources development and utilization. The two is to highlight the key project construction. Intelligent plant construction to grasp the pilot projects to improve the enterprise’s promotion, lay the foundation for the comprehensive promotion of research and development; underground analysis focusing to intelligent oilfield construction, the exploration technology, development and technology into software products, enhance the comprehensive ability and level of exploration and development. The three is to strengthen the logistics optimization. To co-ordinate and promote the construction of logistics system, logistics optimization of whole industry chain including product sales, procurement of goods and materials. The four is to strengthen the sales network construction. The construction of a unified e-commerce platform, and gradually increase the logistics service, payment and financial services and other services, realize the application in the whole group and abroad, build the petrochemical characteristics of the brand, the formation of a new economic growth point. The five is to strengthen the security work. The next group to further enhance the security and information security awareness, improve the management mechanism, strengthen the responsibility to implement, increase inspection and supervision, improve the level of active defense.

Group information leading group members and leaders attended the meeting of Professional Company.

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   April 6th the State Council executive meeting, decided to implement the “standards of equipment manufacturing industry and improve the quality of planning”, “2025″ China manufacturing requirements docking, and strive to 2020 to international standards in key areas of the conversion rate from the current more than 70% increased to more than 90%, leading the China manufacturing upgrade.

    Analysts here believe that the implementation of the plan fit the current situation, will promote the domestic field of core technology standardization process, a solid foundation for the supply side structural reforms to lay.

    “The healthy development of the industry, the standard must be.” National Expert Advisory Committee Ning Jiajun believes that to improve the quality of products to carry out structural adjustment from the whole industry chain, based on structural adjustment and development lies in the development and promotion of key technology standardization.

    The meeting proposed, aiming at the international advanced level, the implementation of the industrial base and intelligent manufacturing, green manufacturing standardization and quality promotion project, accelerate key technical standards development, promote the standard in robotics, advanced rail transportation equipment, agricultural machinery, medical equipment and other key areas of high performance to achieve new breakthroughs, and adapt to the progress of innovation and market demand timely update standard.

    Ning Jiajun believes that the standard key technology research and development will undoubtedly need to spend a lot of manpower and resources, even though the cost is higher, but China’s manufacturing industry towards high-end manufacturing industry must overcome hardships and dangers. Flat or even leading technology research and development and the international standard, the core lies in persevere innovation, and innovation for social recognition and protection of intellectual property rights awareness is closely related.

    “In our country at present many industries and areas still lack of technical standards and industry standards to keep pace with the times, which has become a huge bottleneck hindering the healthy development of the industry and technology innovation.” Ning Jiajun said.

    The meeting also proposed to promote the artisan spirit, the pursuit of excellence, producing more creative, good quality, popular products, and resolutely eliminate substandard products, to boost consumer confidence, “China manufacturing” to support the manufacturing quality and efficiency, improve the international competitive power.

    “To promote the supply side structural reform and enhance the Chinese manufacturing quality, talent is the core to promote the reform of the.” Ning Jiajun said, in the process of boosting Chinese manufacturing, the standard is important, but human factors can not be ignored. Lead Chinese manufacturing upgrade, we first need to upgrade from consciousness, adhering to the artisan spirit, self start, earnest, step by step to improve the quality of the products, China manufacturing to the world level together to point the day and await for it.

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East dichloromethane market offer a stable center of gravity, the transaction center in 2050-2250 yuan / ton. Factory shipments smooth zone factory and Shandong market dichloromethane to narrow the price gap in price, holding the goods to consume inventory based in the region to discuss the atmosphere is good, no big deal.

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Henan caustic soda market showed a moderate. The chlor alkali enterprises 32% caustic alkali mainstream factory price reported 1800-1900 yuan / ton (100%), some companies offer slightly higher, the overall market turnover stable. Local chlor alkali enterprises started in general, stable performance of downstream industry demand, the downstream part of the purchase price, is expected to continue the trend of steady light caustic soda market outlook.

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  In the EU statistics office 31 released data show that in 2015 Chinese continue to become the EU’s largest source of imports, the EU imports of goods from the total China accounted for total imports from non EU countries 20%.

Date: 2016-3-31

30 international oil prices edged up.

The Federal Reserve Chairman Yellen recently on the influence of cautious remarks hike, 30 dollar dollar fell against most major currencies. The dollar fell to improve the attractiveness of dollar denominated oil investment.

The data, the U.S. energy information administration released data show that 30 last week, the national commercial crude oil inventories increased 2 million 300 thousand barrels, 534 million 800 thousand barrels, the current inventory levels increased 63 million 400 thousand barrels over the same period last year. The United States last week, the average daily crude oil production 9 million 22 thousand barrels, reduce 16 thousand barrels.

As of the day of closing, the New York Mercantile Exchange in May delivery of light crude oil futures prices rose 0.04 U.S. dollars, to close at $38.32 a barrel. May delivery of London Brent crude oil futures prices rose 0.12 U.S. dollars, to close at $39.26 a barrel.

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Date: 2016-3-31

According to the Korean media Money Today reported, along with the automobile lightweight represent the general trend, can replace steel, with high strength and machinability of engineering plastics has become the focus of attention, the demand is growing steadily. In this situation, the Korean chemical enterprises was accelerated by high performance engineering plastics market into the car.

PPS is a high heat resistance, high performance chemical material, can withstand high temperatures above 200 degrees, is widely used in various fields such as automobiles and aircraft. Recently, automobile fuel emission standards are more stringent, the importance of lightweight automobile has become increasingly prominent. Polyphenylene sulfide compounds in the global aggregate demand is expected to increase in 2020 from 70 thousand tons in 2012 140 thousand tons, the demand in the automotive industry from 37 thousand tons to 72 thousand tons.

Dongli, South Korea (Toray) Advanced Materials Co. Ltd. is located in the Saemangeum Industrial Park mountains factory will officially start the production of polymer materials in high-end PPS (PPS Poly Phenylene Sulfide next month). The plant plans to produce 8600 tons of polyphenylene sulfide resin, 3300 tons of polyphenylene sulfide compounds. The company said a person familiar with the situation, most of the factory products are exported China, few domestic sales in Korea, before 2018 there will be an additional production line, the future of PPS’s annual production capacity will be raised to 20 thousand tons.

On the other hand, Ulsan PPS factory SK Chemical Co. Ltd. and Japan Teijin Corporation building is still in the stage of trial operation, in the second half of this year to begin commercial production. The factory with an annual output of 12 thousand tons of PPS, the future will be increased to 20 thousand tons. The long-term goal of SK chemical industry limited company is ranked the top three market pps. One of the company’s stakeholders explained that the PPS material used for 1kg ordinary cars, and hybrid cars, electric cars for 2? 5 kg, with car growth, PPS market size is expected to continue to expand.

Polyoxymethylene (Polyacetal Polyoxy, Methylene, POM) with high strength, high elasticity, insulation and chemical durability, widely used in automotive, electronics, medicine, construction and other fields. As automobile parts materials,

Mainly used in automotive fuel system components or safety belts. South Korea long plastic Limited by Share Ltd’s flagship product is POM, 16 this month, the company invested with the German chemical company Basf Inc on, $50 million (about 59 billion 300 million won) to set up a joint venture company KOLON BASF innoPOM in South Korea, and built an annual output of 70 thousand tons of equipment in long plastic Limited by Share Ltd of Kimcheon plant, plans from 2018 the second half of the year put into operation, together with the Kimcheon factory annual production capacity of 60 thousand tons of existing ones, will be increased to 130 thousand tons, the two companies are also plans to invest 23 billion 100 million won by 20 thousand tons, so the future poly formaldehyde production capacity can reach 150 thousand tons, becoming the world’s largest production base POM, the main Asian market.

A senior South Korean chemical industry estimates, currently plastics in automotive materials accounted for about 10%, while the high performance plastics market size will be accompanied by the development of automobile industry and increasing, therefore, is expected in 2035 will reach 20%.

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   Date: 2016-4-1

   According to foreign media reports, although Indonesia reduced sales of the domestic car market, but tire manufacturers can still rely on replacement tires and export market.

Recently, Multistrada Arah Sarana, sales manager of Indonesia udan. He said in Beijing, signs of the country tire sales increased.

    Tire sales increase

Houdain claimed that this year 1-2 month, Multistrada tire sales increased over the same period last year.

He said, not only the domestic market in Indonesia, the company’s export market demand also increased. The export market demand increased by 10%.”

The first two months of this year, the domestic market of Multistrada company in Indonesia tire sales increased 5% to 7%.

See the two months of sales, udan on tire sales this year is better than the last full of confidence.

Houdain claimed that not only Multistrada, other tire manufacturing enterprises have also benefited from the market, estimated tire sales can improve to near Eid (lebaran). Unfortunately, he declined to disclose specific sales.

    Aimed at the US export market

He added, in addition to opening up the domestic market in Indonesia, Multistrada company will also improve the special automobile tire exports.

“We are going to the United States to improve the export of SUV tire and light truck radial tire, because the company has offices in the United states.”

In 2015, Multistrada company exports about 2 million tires to america.

The company set the index, at least this year, exports exceeded 2 million, especially SUV tires and light truck radial tire, which accounted for 30% of total exports.

Houdain said, this year, Multistrada’s tire production will rise by 10% to 15%. “Our production capacity is 28 thousand and 500, the actual production capacity of about 80%.”

Multistrada sales in the domestic market in Indonesia has improved, but the company still maintained a high share of exports, which accounted for 70% of total sales.

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Although there are signs of growth in car tire sales, but the Indonesian Tire Industry Association (APBI) to make a hasty Indonesia domestic market tire sales increased.

Recently, the chairman of the Indonesian tire industry association, banay. Said the third quarter of this year to see the trend of domestic tire sales market in indonesia. “At least, can be seen in after eid.”

Aziz said that if the imported tire products are included, the Indonesian domestic tire sales are likely to increase. The export market, he also cannot be expected details.

He believes that, at present, the tire market is weak, but several tire manufacturers have increased the sales record.

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   Date: 2016-4-1

   Russian oil pipeline company (Transneft) vice president Andronow told reporters in Russia – Chinese oil and gas during the meeting, Chinese 2016 prepared by “Skovorodino – Mohe County oil pipeline from Russia imported 16 million 500 thousand tons of oil, China 2016 through different channels from the total Russian oil imports will reach 27 million tons.

Andronow in 2016 to the total supply of oil Chinese answer the question said: “there will be 16 million 500 thousand tons by 2016″ Skovorodino – Mohe County “pipeline to supply 7 million tons of Chinese, through Kazakhstan, there are about 3 million 500 thousand tons will be based on the agreement between the government through the” Ke Ji Mino “port of shipment. The total will reach about 27 million tons.”

Andronow in 2016 to the total supply of oil Chinese answer the question said: “there will be 16 million 500 thousand tons by 2016″ Skovorodino – Mohe County “pipeline to supply 7 million tons of Chinese, through Kazakhstan, there are about 3 million 500 thousand tons will be based on the agreement between the government through the” Ke Ji Mino “port of shipment. The total will reach about 27 million tons.”

He also pointed out that in order to ensure that the Sino Russian agreement between the two governments within the framework of China oil supply, the Russian oil pipeline company in the implementation of the “Skovorodino – Mohe County” pipeline transportation capacity up to 30 million tons of investment projects. Andronow said: “at first the Russian pipeline transport 2000 tons of oil per year can be. Is expected to transform two oil station, and build capacity of 150 thousand cubic meters of reserves. The total investment plan for 4 billion 800 million rubles (about $70 million), is expected to be completed in 2017.”

In 2013, the two sides “agreement will transport volume in East Siberia – Pacific Ocean oil pipeline branch annual increase of 15 million tons, and reached a peak of 30 million tons. According to the Russian agreement between the two governments, “Skovorodino – Mohe County pipeline 2013 oil transport capacity should reach 800 thousand tons, in 2014 reached 2 million tons, 2015-2017 years to reach 5 million tons per year, 2018-2037 years to reach 15 million tons per year.

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   Date: 2016-4-1

   Due to the recent Chinese special chemicals market overall facing decline, which provides potential development opportunities for India, Asia’s other emerging economies. According to consulting company Ambit Capital report data show that from 2013 to 2018, the global agrochemical market is expected to grow by 5.2%, total sales are expected to rise to 2018 from $619 billion in 2014 to $761 billion. Although small, the India market accounted for only 1%-2% of the world, but its market share is growing rapidly.

HSBC Global Investment Management vice president Dhiraj Sachdev believes that “commercial trade will transfer to India from China. The main reason for this phenomenon is in China, enterprises are facing more stringent pollution emission standards and rising wage costs. The special chemicals market in India only China 1/8, even 1/10, the special chemicals company in India to bring a lot of opportunities, including the expansion of company size and growth.”

In various industries, special chemicals were used to improve the quality of products, such as electronics, paint, coatings, plastics and automotive industry. Although the industry has great potential, but there are still many factors need to be considered and alert investors.

“This is a great game, you must be very careful investment, Hansal director Thacker Lalker group said,” we will be placed in the ABS chip at present, it is a foundation of special chemicals, widely used in consumer durable goods, toys, electronics and automotive interiors and its scope of application is inexhaustible. The existing consumption patterns will change, and it will promote the consumption of ABS. This industry can become a good investment choice is the reason, this is a high-tech industry, provides a natural barriers to entry. And it’s not like in the pharmaceutical industry, the pharmaceutical industry, from emerging markets, and has the technical and safety qualification of market participants is very limited.”

Co authors, Ambit Capital analyst Ritesh Gupta said in the report, his preferred investment options include PI Industries and SRF. “Because of the regulations, cost, and capacity issues, global agricultural investors are their outsourcing of manufacturing to India. This will bring many opportunities to India enterprises in the next 5-10 years.” The report is expected to PI Industries 2017 to 2018 price earnings ratio (P/E) will be fixed at 20.3 times over the same period, SRF price will be fixed at 15 times the profit ratio.

“Because India has the foundation of chemical production, research and development skills and the scale of national economy, so the special chemicals company in India will become more prosperous,” Vallum Capital, CEO Manish, Bhandari said, “the transfer occurs in the China market paradigm, the rise in Chinese to reduce pollution urgency and labor costs. We have established ecosystem based chemicals, which is the key factor in special chemical and pharmaceutical industries.”

According to the report, special chemical industry has become one of the best in the industry, in the past few years, most of the investors get return on investment 50%-100%. This makes the industry a year from 5 times earnings growth is expected to increase to 12-30 times a year. According to the report, due to the development of models and they provide high return of capital, expected earnings 15-20 times a year is not very high. “Special chemicals will not sell a product, they are selling a solution, which represents their profits will not be affected.

The fact is that the preferred value proposition of India investors is the purity of processing capacity, chemicals and protection of intellectual property rights, which is not only the capital arbitrage, analysts said.

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Date: 2016-4-1

   A Reuters survey released Wednesday showed that the organization of Petroleum Exporting Countries (OPEC) March crude oil production increased, due to sanctions against Iran after the abolition of the increase in supply, and southern Iraq exports close to record levels, offset by a small oil in refinery maintenance and supply interruptions caused yield reduction.

The survey also found that the largest oil exporter Saudi production has not changed significantly, this is the Saudi government seriously freeze another sign of production plan to support oil prices. Oil prices hitting $27 a barrel in January of the 12 year low, but has now rebounded to $40. Oil producing countries will be held in April 17th in Qatar met to discuss the frozen production plan.

“Frozen production plan to support oil prices,” German commercial bank analyst CArsten Fritsch said, “if the results of the meeting is disappointing, the price risk of short-term frustration.”

According to the survey, OPEC in March the supply of crude oil from 32 million 370 thousand barrels to 32 million 470 thousand barrels in February increased slightly. The investigation is based on the shipping data, and from OPEC oil company, Consultants Co and sources of information.

Was cancelled in January after the sanctions, Iran is the largest oil production increase, Iran hopes its market share back to the level before the sanctions, and said it would not join the frozen production plan.

According to a Reuters poll since December last year, Iran daily increase of 230 thousand barrels. Officials in Iran say Iran supply growth rate is far greater than the expected.

Iraqi production also increased. In March Southern exports could reach a record high, to offset oil pipeline transport crude oil from Kurdistan interrupt. Iraq is the biggest source of supply growth in 2015 OPEC.

Angola’s crude oil exports increased. In reduced production in the country, the reasons for the production and maintenance for the refinery, and not because of the initiative to limit production.

The United Arab Emirates reduced production, because the production of Moore crude oil class (MUrBAn) undergoing maintenance restricted production, maintenance will be completed in April.

To further reduce production in Nigeria, because of the Royal Holland / Shell oil group in the local branch of the business Fica Dos (Forcados) of crude oil production interruptions for a whole month, but was partly offset by an increase in other grades of crude oil supply.

Libya production due to power outages fell, the country’s oil production has been shrinking dramatically before the civil war. Venezuela supplies have also decreased slightly.

Participate in the investigation of the sources said, compared with February, the Saudi yield basically stable, steady to slightly reduce the export volume in March. On March Saudi production is expected to be 10 million 180 thousand barrels, 10 million 200 thousand barrels per day in February.

OPEC gave up the historical role of independent production to boost oil prices since November 2014, the surge in output. The hope can inhibit the development of low oil prices higher cost competitive supply output growth.

OPEC crude oil supply increased, the situation of excess global supply deterioration this year frozen production plan is OPEC and non OPEC members for the first time since 2001 in the supply policy of cooperation.

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Affected by a weaker dollar and other factors, international oil prices continue to rise in March 31st closing.

The Federal Reserve Chairman Yellen this week’s dovish remarks, a measure of the dollar against six other major currencies dollar index fell 0.35% in 31 days, Yao City fell to 94.525. A weaker dollar increase in dollar denominated oil investment attraction.

Crude oil data of the U.S. energy information administration released on the 30, last week’s average daily crude oil production continued to decline, 16 thousand barrels to reduce 9 million 22 thousand barrels. Low prices forced manufacturers of crude oil production, market supply and demand balance is in progress.

As of the date of closing, the New York Mercantile Exchange in May 2016 delivery of light crude oil futures prices rose 0.02 U.S. dollars, to close at $38.34 a barrel, up 0.05%. May 2016 delivery of London Brent crude oil futures prices rose 0.34 U.S. dollars, to close at $39.6 a barrel, up 0.87%.

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