This year, since the price of carbon black, the cumulative increase of 40%, the stock market to promote low carbon black enterprises, brewing a new round of price plan, the price per ton raised 500 yuan to 700 yuan, or nearly 10%.

Relevant experts believe that with the continuous advance of environmental rectification and supply side reforms, carbon black industry in the coming years is expected to average annual capacity of more than 2% decline. In addition, the downstream tire demand increased steadily provide important support for the black market.

On December 30th, the carbon black enterprises will strongly increase, mainly because the price of coal tar and other raw materials continue to rise, and around the carbon black Enterprises Limited production run, stocks are low. Wikipedia information data show that Cabot in January next year, orders per ton price increase 600 yuan, the first quarter of 1000 yuan per ton increase initially tentative orders, other enterprises price is expected to rise 500 yuan per ton. At present, N220 varieties, Hebei quoted at 5000 yuan per ton to 5900 yuan, Shandong price 5200 yuan per ton to 6000 yuan; N330 varieties, Hebei price in 4600 yuan per ton to 5200 yuan, Shandong price in the 4700 yuan to 5200 yuan.

chemical industry recently, domestic benzene market lack of clear guidelines, the continuation of the weak trend of finishing. Outside South Korea fell down, continue to weigh on domestic buying atmosphere, the domestic market of East China sentiment weak, buying intention is poor, Shandong area of the lower reaches of buying enthusiasm is poor.

In December 27th, the United States of America FOB benzene Market Gulf News 280-280.1 cents / gallon, equivalent to US $840-840.3 / ton.

In December 28th, Dongming Petrochemical 30 thousand tons of benzene plant operating smoothly, Nissan 130-150 tons. The benzene content of 99.99%, offer 7400 yuan / ton, the main contract for users, low inventory. Sinopec Chemical sales company Sinopec East China branch pure implementation of 7400 yuan / ton, Shanghai petrochemical, Yangzi Petrochemical, Jinling Petrochemical, Yangzi BASF, Zhenhai uniform implementation of 7400 yuan / ton.

At present, the lack of clear guidelines on news, trading atmosphere deserted, port trade daily dish down, during the Spring Festival approaching the lower stocking, manufacturers offer to decline, limited space, limiting the scope of the price adjustment, the market weakness consolidation in the short term, or is likely to continue downward.

recently ethanol market narrow. Manufacturers prices more stable prices, market demand, in addition to part of the parking lot outside the factory, basically at full capacity, the contract shipping, tight supply. Finishing the downstream domestic ethyl acetate Market weakness. Factory shipments positive operation rate remain high.

In December 28th, the price of ethanol in Jilin very price, the current market mainstream price: ordinary corn ethanol mainstream price 4600-4800 yuan / ton tax, high corn ethanol mainstream price 4800-4900 yuan / ton tax, ethanol mainstream price at 5400-5500 yuan / ton, needs little improvement, strong industry focus. Shandong alcohol market volatility is not ordinary wheat alcohol price mainstream discussion at 5100-5150 yuan / ton tax, general level of cassava ethanol price mainstream discussion at 4950-5000 yuan / ton tax, high corn alcohol mainstream discussion to 5100-5150 yuan / ton tax, demand flat, wine enterprises take the goods flow, market outlook stability.

Overall, East China affected by the failure of anhydrous device, part of the parking lot, offer a slight push up, Shandong market trading, downstream demand recovery, Jilin area inside the stock level is not high, the wine enterprises take the goods, the Southern China area of molasses alcohol plant load low, offer strong support. It is estimated that the domestic ethanol short-term market stability maintenance operation.

Propylene production process for naphtha pyrolysis (divided into steam cracking and catalytic cracking of two), CTP/MTO/MTP and propane / mixed alkane dehydrogenation.

Propylene is really a lot of ways of making money in 2016!

The main production process for propylene naphtha pyrolysis (divided into steam cracking and catalytic cracking of two), CTP/MTO/MTP and propane / mixed alkane dehydrogenation. As of 2016, China’s propylene production capacity distribution in the three kinds of process routes accounted for as follows:

The shock upward trend in 2016 of domestic propylene market, prices gradually move the center of gravity.

The annual price appeared in January, the Shandong market price of 4700 yuan / ton factory, the January has been hovering at 4700-5000 yuan / ton;

Since February the center of gravity, to mid April prices broke through 6000 yuan / ton;

In June the price slightly downward, running in the range of 5850-6100 yuan / ton;

The second half of the price spiral, constantly refresh a new high this year, the market price of 8000 yuan / ton at the end of the peak, the highest price reached 8100 yuan / ton. However, different production line, the profit situation is also facing different circumstances.

For the traditional oil line, propylene is a by-product, the upstream and downstream facilities, the ability to resist risk is relatively strong. The refinery has been in surplus, the future of the new rare. Due to price fluctuations and propylene crude oil Correlation is large, so the ability to resist risk of the traditional process is relatively strong.

Coal chemical industry, coal is 2015-2017 and methanol to olefins production concentrated outbreak stage, East China and northwest will have multiple sets of capacity investment and construction, coal and methanol to olefins production capacity will expand rapidly. However, in the era of low oil prices, coal chemical route profitability constraints of large, 16 annual profit is not ideal.

Compared with the traditional route and the coal chemical industry, in recent years, the next period of time, most notably PDH device has a good development momentum. PDH device with propane gas source, dehydrogenation to propylene and propylene industry chain down equipped with various downstream products, polypropylene, propylene oxide, butyl alcohol and acrylic acid are involved, 16 year earnings considerable.

clamor for a few years, graphene industry application finally ushered in the dawn. China graphene Industry Alliance (hereinafter referred to as the “alliance”) recently held annual meeting, awarded the 2016 graphene Industry Award for outstanding contribution to four companies.

This is the award for the first time alliance. League Secretary General Li Yichun said that the graphene industry is in a critical period, the establishment of the award is to encourage enterprises in the field of exploration and breakthrough.

It is understood that the award is one of the conditions of application pioneered the development of new products, and has produced a total of more than 20 million yuan in sales.

The four obtained graphene Industry Award for outstanding contribution to the enterprise are: Changzhou sixth elements of new materials Limited by Share Ltd (hereinafter referred to as the “sixth elements”), Hong Na Dongguan new Mstar Technology Ltd (hereinafter referred to as “hung new material”), Polytron Technologies Inc (hereinafter referred to as “Ji’nan Quan Quan technology”) and Shenzhen Wang ene new materials Polytron Technologies Inc (hereinafter referred to as the “ene Wang new material).

The new material graphene conductive additives hung pioneered, mainly used in cathode materials of lithium battery. Although the material did not bring revolutionary changes to improve the discharge rate of lithium battery capacity density, charge, but decreased, the product cost price promotion effect is obvious. Because of this, the new product launch, has been BYD, Tianjin Lishen and China Xuan tech lithium battery industry leading enterprises to accept and bulk purchases. This also means that the application of graphene officially entered the commercial era in lithium battery. According to reports, the new material hung annual sales revenue reached billion yuan scale.

The sixth elements, to break the foreign monopoly, developed the first domestic graphene heavy anti-corrosion coatings, and the first to realize the industrial application. It is reported that graphene coatings are mainly used in wind turbine blades, to resist corrosion and individuals by measuring, the service life can be increased by 10 to 20 times. The product of this year sales of 30 million yuan, the company is now the production capacity from fifty thousand tons to expand tons.

Wang Quan technology and new material graphene products are mainly used in fields such as textile and clothing, including underwear Shengquan technology graphene with annual sales of 50 million yuan to 60 million yuan. Hoping the new material graphene heating sheet, and combined with the downstream more than and 10 companies jointly develop new products, industry chain enterprises jointly this year is expected to achieve sales of 500 million yuan.

According to reports, now the country has more than a dozen graphene conductive additives, coating production enterprise.

According to reports, because a large number of enterprises in the industrialization of graphene, graphene output this year is expected to reach 3 billion yuan, far more than 600 million yuan last year. Li Yichun said, there are a lot of companies are trying to industrialization, an estimated five or six new industrial application will break through the next year. By 2018, the output value of graphene is expected to reach 10 billion yuan, the whole industry will usher in the outbreak year.

A shares in 2016 will be the same people say “goodbye”, a transcript will fangbang, on the one hand, North special technology will be the annual report published in January 14, 2017, the first batch of Shanghai as disclosed in the annual report of the annual report of listed companies or enterprises, subject to return to A shares, the emerging industry is still strong; but on the other hand, since this year the two stock market differentiation obviously, the iron and steel, chemical industry, food, building materials and other traditional industries around.
achievement

237 shares is expected to double into a dark horse chemical
The last week of the month, the stock market entered the final stage, the annual operating status of listed companies gradually clear. According to the Shanghai Stock Exchange announced the 2016 annual report of listed companies to make an appointment to disclose the timetable, from the beginning of January 14th, the annual report of listed companies operating will be subject to market review. According to the current data, chemical, food, medicine and other industries pre hi ratio higher.
Following the North special technology, science and technology, Hao Chitianhua, Sailisi respectively in January 20, 2017 and January 24th announced. Therefore, some analysts believe that with the disclosure of the annual report date is approaching, the focus of the market is likely to gradually shift the annual theme, stable performance, improving fundamentals, high growth and high transfer stocks are expected to be the focus of attention of funds.

Reporters from flush Ifind data show that as of 25, the Shanghai and Shenzhen two, a total of 1205 listed companies released the 2016 annual results notice, notice from the lower net profit, a total of 882 profit, accounting for up to 73.20%, the remaining 62 loss, accounted for more than 5% in the left and right. From the forecast type, uncertain, losses and losses accounted for the first rise.
Overall, 2016 forecasted, losses of the Annunciation of 673 companies, accounting for 55.85%, among them, 237 companies are expected annual net profit doubled year on year increase. The performance continued losses, slightly reduced, the first loss and pre reduction and other worrying companies have 267, accounting for the proportion of 22.16%.
The company from the news industry, computer, pharmaceutical and chemical sector accounts for the highest proportion of pre hi performance. SWS division of the chemical industry 271 listed companies this year, a total of three quarterly revenue of $861 billion 680 million, net profit attributable to shareholders of the parent company was 39 billion 480 million yuan, an increase of 25.6%, boom rebound. The company has announced the annual results notice, Chan Yu technology, billions and other 28 companies in 2016 annual increase in net profit notice doubled.
Some analysts pointed out that a substantial improvement in the performance of the chemical industry mainly due to product price increases. If the reported performance is expected to Thailand chemical jumped 149~162 Times said, the good performance of the main is the company’s main products PVC, caustic soda, viscose fiber, yarn sales prices over the same period last year due to rising. Expected net profit rose 12~12.5 times duofuduo also benefited from the six volume and price of lithium fluoride.

It is worth noting that, in the two market, a year is about to pass, stock performance and how? According to reporter contrast, although the policy effect is obvious, but the performance of the same fundamental changes are basically the same, the chemical industry, infrastructure, department stores and other traditional industries over the expected performance, and computer software, information and other emerging industries sluggish performance.
As of Friday’s close, before A shares listed on 2015 2275 companies, only 642 stocks positive earnings, accounting for only 23.14% of the shares of only $. This also means that the hard year, probably only about 20% of the stocks give investors profit.
Price of stock

since December 22nd, Henan Puyang Municipal People’s Procuratorate, the hospital to support environmental protection in Henan Province Federation of Shandong province Liaocheng dongran Chemical Co., Ltd Puyang City Intermediate People’s court, require the company to undertake environmental remediation costs 14 million 910 thousand yuan. This is the environmental public interest litigation cases Puyang prosecutors first support environmental groups sued the.

From March 2015 to May, Shandong province Liaocheng dongran Chemical Co. Ltd. without its production of more than 1000 tons of waste sulfuric acid, gave no personnel illegal disposal of hazardous waste transport and disposal of qualified, which will be directly poured into the domestic waste sulfuric acid Nanle county 6 rivers, 1 rivers in Qingfeng county. The waste sulfuric acid belongs to “marked the national hazardous waste list” in the “HW34 waste acid” hazardous waste, directly led to the surrounding farmland and forest dieback caused serious damage to the surface water and soil environment.

The courtroom xinhuanet.com (Zhao Yue photo)

After identification, the environmental pollution incidents caused by surface water environmental damage amount of 14 million 917 thousand and 800 yuan, 8 thousand and 300 yuan of emergency disposal expenses. The case after the incident, the people’s Intermediate People’s court and Nanle County Procuratorate of Puyang city through timely intervention, to guide the investigation, commissioned by the identification, investigation, find out the Shandong Liaocheng dongran Chemical Co. Ltd. and the relevant evidence of a pan et al environment pollution of chemical industrial waste dump. At present, the case of criminal suspects have been sentenced to criminal court to the pollution of the environment.

In order to protect the ecological environment, safeguarding the public interest, the Puyang Municipal People’s Procuratorate decided to support the prosecution of Liaocheng dongran Chemical Co. Ltd. for the illegal dumping of chemical industrial waste caused by environmental pollution lawsuit. Because no local commonweal organization in accordance with the law, by the Henan Provincial People’s Procuratorate coordination, determined by the Henan provincial Environmental Protection Association as the plaintiff, as by the Puyang Municipal People’s Procuratorate for prosecution, environmental public interest litigation filed to the Puyang City Intermediate People’s court. The day before, Puyang City Intermediate People’s court has accepted the case.

According to ZCE December 23rd news, according to the “Zhengzhou commodity exchange futures trading risk control management measures” provisions of article ninth, it was decided to make the following adjustments on 2017 during the methanol futures trading margin standards and price limits:

First, since the December 29, 2016 settlement, methanol futures trading margin standards from the original ratio adjusted to 9%, the proportion of the original price limits adjusted to 7%.

In January 3, 2017 two, after the resumption of trading, since the first not unilateral city trading day settlement, methanol futures trading margin standards and price limits recovered to the level before adjustment.

ZCE said, according to the rules of the implementation of the provisions of the margin trading standards and price limits is higher than the standard of the futures contract, according to the original provisions.

since October this year, the dollar index in international oil prices and a rare positive correlation. Generally, the international oil price in dollars, both the history shows negative correlation.

Although the dollar index has set a new high of 14 years, but the industry is expected, due to the global economic recovery in demand for crude oil could improve the stimulation, gradually return to fundamentals, if producers joint production are effectively implemented, the future overcapacity will be eased, prompted a further rise in oil prices.

The dollar, crude oil dropped significantly negative correlation

Data show that as of December 20th, the Chicago (CME Group), the New York Mercantile Exchange, NYMEX trading in February crude oil futures are the most active to close at $53.51 a barrel, the season has risen by more than 8%. Some analysts pointed out that the crude oil market will be affected by macroeconomic events and the dollar index, but the market is mainly in accordance with their fundamental guidelines, this year, crude oil prices by a greater impact on the supply side.

The current dollar interest rate cycle has entered a strong hard to stop. Founder medium-term researcher Sui Xiaoying said that the Fed rate hike under the background of global liquidity tightening, to maintain a strong dollar, dollar denominated crude oil prices will also be long suppressed, in addition, although the OPEC and non OPEC members agree on the next cut, which will accelerate the market rebalancing process, but whether the countries committed to implement production is still in doubt, more importantly, the relationship between supply and demand the improvement brought about by the rebound in oil prices will trigger the return of North American shale oil, which will in turn put pressure on oil prices. Overall, next year the crude oil market oversupply situation will be further repair, oil prices will continue to run the central move, but return to the North American shale oil will restrict upside height.

The relevant research institutions found that nearly a year, the dollar index and the international oil price deviation, in negative correlation over the past few years, both reached more than 90%, while in the negative correlation between the two is only about 40% this year.

Sui Xiaoying said that since the end of last year the United States dollars into the rate hike cycle, to maintain the overall strength, but from the absolute value of the dollar index, the uplink rate is not large, because of the increase in interest rates before the dollar index has been at a high level, while crude oil at the beginning of this year dropped to a low of $26, due to the high cost of production is out of the market, improve the oil supply and demand, oil prices bottomed out, under this background, the crude oil from between the dollar index and negative correlation trend.
Soochow Futures Institute Jiang Xingchun believes that the economic recovery is further enhanced, oil demand and improve supply contraction, oil price shocks on the behavior of the main. International oil prices mainly reflects the consumption and economic growth, the dollar index also indirectly reflects the strength of economic growth in the United States, in addition to the United States as an important global crude oil consumer, economic consumption, oil prices tend to rise or rebound. Currently, the commodity and the U.S. dollar to be consistent, the strong dollar to boost oil prices too high, expected prices relatively strong. If the production implementation in place, because the Fed rate hike estimated 2017 relatively moderate, the dollar index rose limited space, down more than 105 points in probability.

In the long term will suppress prices

The long run, Sui Xiaoying believes that to maintain a strong dollar on oil prices will still suppress the formation, but in the short term, prices will be more based on fundamentals, but no matter from the perspective of the dollar or from the crude oil supply and demand point of view, do not support oil prices continue to significantly stronger in the short term, but the long-term focus on the shift period. If the reduction of the effective implementation of the oil market, it is only in the conversion stage of excess supply to balance, it does not support the strong oil prices rise, in contrast, in the United States economy is relatively strong and the interest rate cycle, the dollar will remain strong.

In addition, Baocheng Futures Institute assistant director of financial Cheng Xiaoyong said that the Fed rate hike under the background of OPEC and non OPEC joint production to the current international crude oil supply surplus has a significant role in mitigation. EIA data show that in 2016 global crude oil surplus of about 500 thousand barrels a day, so if the production agreement can be executed, so to relieve excess pressure, to help the global crude oil inventories, 2017 crude oil prices significantly ease the downward pressure. However, with oil prices steady at $50 / barrel, U.S. shale oil production has gradually picked up, combined with Trump’s energy independence strategy, the United States will relieve fossil energy production restrictions, which means that OPEC and OPEC share of non joint production will be the US shale oil substitute, so the international oil price in 2017 is not optimistic.

Cheng Xiaoyong said, in the current strength of the dollar, the international oil price volatility may be steady, follow-up implementation of crude oil production, not to mention the United States shale oil production increases the crude oil prices greatly reduced. If the production are implemented, so we should pay attention to the speed of rebound in inflation and interest rates rise, if interest rates rise slowly will lead to stagflation possibility, oil prices may be stronger than the dollar.

Enter the three quarter, affected by the rapid rise, coal prices rebound in international oil prices and freight rates, the early part of the downturn of the chemical species gained support costs. At the same time, some unexpected events such as environmental protection, in the short term caused by local supply within a certain period of time tension. In the “buy or not to buy up” mentality, many factors in the formation of resonance effect, some chemical products a huge increase, resulting in a sharp rebound in performance.

In coal prices rose sharply, freight, calcium carbide, PVC and caustic soda price “Zhangshengyipian”, thus reversing the relevant performance of the company. Chemical and Thailand (11.750, -0.04, -0.34%) is expected to achieve a net profit of 1 billion 150 million -12.5 billion yuan, an increase of 148-162 times, the growth in all of the first. The company said, a substantial increase in performance is the main product PVC, caustic soda, viscose fiber, yarn sales price rose. Also affected by this, Hongda industry expects full year net profit of 750 million -8.5 billion yuan, an increase of 44.5%-63.8%.

The three quarter of this year, affected by rising coal prices and early capacity to influence, have profit or even a loss of carbon black industry usher in reverse. Black cat shares (8.150, -0.05, -0.61%) said that since the three quarter, to ease the contradiction between supply and demand of carbon black industry, product prices recovered slightly, industry rebound, expected annual net profit -4300 million in 35 million, an increase of 106.7%-153.9%. Lone Star Chemical (13.840, -0.05, -0.36%) has realized losses.

The petroleum chemical industry, the international crude oil prices after two years after the downturn, our company had been consumed early high cost of raw materials, since the fourth quarter reached agreement with frozen production oil producing countries, the international crude oil prices began to rise, the price of downstream products with support, related to the company’s profitability is expected to further enhance. Rongsheng Petrochemical (15.680, -0.04, -0.25%) is expected to achieve a net profit of 1 billion 700 million -18.5 billion yuan, an increase of 383%-425%. Satellite Petrochemical (12.410, -0.07, -0.56%) and Daqing branch (29.620, 0.04, 0.14%) is expected to achieve profitability.

Affected by the supply of raw materials and other reasons caused by shrinkage of environmental inspection, prices rose sharply since the downturn for a long time the glyphosate four quarter, the current increase is more than 30%. Although the price from 40 thousand yuan / ton during the peak period of far apart, but the company performance has improved significantly. Glyphosate leading Xin’an shares (10.660, -0.02, -0.19%) said the company expects full year results realized losses.

Agricultural and industrial industry downturn

Titanium dioxide, viscose fiber and vitamins since the beginning of the year began to rebound, the market prices throughout the year, an improved enterprise performance. Since this year, export demand rose by catalytic and factors such as devaluation, domestic titanium dioxide prices have been rising since the beginning of twelve, the cumulative increase has been more than 6700 yuan / ton, an increase of more than 50%. Nuclear titanium dioxide, annada (18.360, 0.01, 0.05%) expected annual losses, billions (13.010, -0.07, -0.54%) is expected to achieve a net profit of 390 million -4.45 billion yuan, an increase of 200%-300%.

Titanium dioxide way Changhong has also prompted billions to complete exports of titanium dioxide leading Sichuan longmang acquisition. In May 2015 announced the acquisition of billions of Sichuan longmang, Sichuan Lomon 2015-2017 performance commitments were 700 million yuan, 900 million yuan and 1 billion 100 million yuan. Due to the market downturn, Sichuan longmang did not complete performance commitments in 2015. Insiders pointed out that in 2016 the market warming significantly, Sichuan longmang completed 900 million yuan performance commitment is not a big problem, this part also prompted billions early completion of Sichuan Lomon acquisition. With the integration of the two companies to promote the upcoming birth of domestic titanium dioxide leading company.

Affected by vitamin B product prices, brother Technology (12.850, -0.15, -1.15%) is expected to achieve 120 million yuan net profit of -1.4 billion yuan, an increase of 50%-80%. The same is the product prices factors, the main technology of viscose staple fiber (10, 0, Australia 0%) is expected to achieve a net profit of 230 million -2.9 billion yuan, an increase of 69.3%-113.5%.

The prices of raw materials to improve performance

[hot] Gade chemical network daily Wind data show that as of December 18th, according to the SWS industry classification, two city currently has 127 chemical industry listed companies released annual results forecasts, which accounted for about half of the listed companies. 127 companies, in addition to the two performance uncertainty, pre hi companies (including pre growth, a slight increase, continued earnings, losses) the number reached 88, accounting for 70%. industry by continuing market clearing inventory and production capacity, raw material prices and other reasons to promote, part of the sub sectors such as Titanium dioxide PTA, PVC, aromatics, and caustic soda to improve performance significantly.

Net profit growth year-on-year increase

From the beginning of this year, chemical raw materials and chemical products manufacturing main business revenue growth showed a tendency to expand, 1-10 month cumulative total profit growth has been expanded over the last year, since the second half of the year to maintain steady growth of around 13%.

Notice from the performance point of view, yejiyuzeng, turn the number of enterprises has increased over the same period last year, net profit growth rate is also increased. In terms of net profit growth rate lower, at least 74 companies to achieve net profit growth of at least 34 companies net profit growth of more than 50%, at least 25 companies net profit growth of more than 100%. The product price is one of the main driving force in the top of the company performance improvement.

Benefit from the rapid development of new energy automotive industry, the company lithium battery industry chain to maintain rapid growth this year. Duofuduo, EASPRING material and a year is expected to achieve profit growth. Among them, duofuduo year is expected to achieve a net profit of 506 million -5.29 billion yuan, an increase of 1200%-1250%. fluoride said earnings growth was mainly due to the traditional fluoride salt market stabilization and recovery, with six lithium fluoride as the representative of the Electronic chemicals Demand, volume and price, the better operating efficiency.

Titanium dioxide , Viscose fiber and Vitamin Since the beginning of this year began to rebound, the market prices throughout the year, an improved enterprise performance.

The “capacity to” as the representative of the “supply side” reform effect is apparent, coal, iron and steel, coking coal, coke and a series of commodity prices continued to rise, forming a sufficient support for the methanol, the rising price of coal, coking coal, the higher, the by-product of coke oven gas high prices caused by the rising cost of methanol.

The supply side

November in the northwest region, Shaanxi, Yulin coal 1 million 800 thousand tons / year of methanol to olefins (MTO) methanol plant maintenance facilities, the end of the month to extend the coal 1 million 800 thousand tons / year methanol plant load matching is not high, the two sets of large MTO production to support the price of methanol in the northwest, and earlier this month, the sudden failure of Shenmu chemical 600 thousand tons / year and 600 thousand tons / year methanol plant elm days of temporary parking, further exacerbated the supply situation in Northern Shaanxi area in the northwest, prices go higher, nationwide also formed a strong linkage of methanol.

With the increasing of subsequent snow weather, will transport goods northwest and other places the cost increases further, the regional tension in the supply and demand pattern or will continue. In addition to the northwest of supply reduction, in North China, Shanxi, Hebei and other regions, there are more large-scale environmental effects of the storm. It has been reported that, at the end of November and early December nationwide haze, making a large number of Hebei, and Shandong, Henan, Shanxi coal chemical industry has also been included in the list of enterprises in production, limited production. On the methanol market, only Hebei, Shanxi and Henan provinces, involving methanol production capacity of 3 million tons / year, accounting for the total capacity of 5%. which directly shut down more than 1 million tons / year, the load is reduced to 7 following the nearly 2 million tons / year.

Demand

With OPEC output to reach an agreement by the international crude oil prices, MTO’s profitability has been significantly improved, significantly increased the overall operating level device.

recently methanol fire, the market is crazy. The annual review of the market, the first nine months of methanol in 1800-200 yuan / ton between bolanbujing earthquake swings, but in the fourth quarter after suddenly pull up. The price exceeded 2000 yuan / ton as a runaway horse all the way up, in the last two weeks is a strong nanzu.

As of December 9th, East China’s price has been close to 3000 yuan / ton, is nearly two years the high than the low for the year increased more than 70%. The rest of the price difference is generally reached an all-time high.

The rising of methanol market, from the trend, the strong trend with the chemical market in recent months is consistent. Specific analysis, environmental protection production to supply trapped are the main factors affecting the methanol market. A nationwide large-scale production of wind wave and a lot of areas, leading to tight supply, so as to bring the power prices.

Raw materials

From January to November, car sales were completed 25 million 27 thousand and 24 million 948 thousand, respectively over the previous year growth of 14.3% and 14.1%, higher than the same period last year 12.5 and 10.8 percentage points.

Changjiang Securities believes that after the Spring Festival for the tire factory operating season, at the end of the year to the first quarter of next year there is greater demand for downstream replenishment. “We judge the future with the basic construction expenditure increase and controlling policy, rubber consumption continues to rise will exacerbate the shortage of supply and demand of natural rubber.”

The price of natural rubber in the period of 7 years (7 years, 7 rise fall), Changjiang Securities judge future natural rubber officially ushered in a new round of rising.

Xinhua news agency, Beijing, December 12 Xinhua (reporter Liu Yangyang) reporter from the China Petroleum Corporation was informed that 12 days, from Central Asia and the Tarim gas area of natural gas arrived in Fujian city of Fuzhou Province, the three line of the eastern section of the west east gas pipeline project built ventilation, start debugging.

West east gas transmission line is the three west second line after the completion of the west end of the energy strategy channel across china. Three west line of the eastern section of Ji’an – Fuzhou section project on the West Second Jiangxi Ji’an Liaison Station, stop in Fujian province Fuzhou terminal station, a total length of 832.4 kilometers, designed annual output capacity of 15 billion cubic meters, the design pressure of 10 mpa.

According to reports, the Ji’an to Longyan section have been completed and put into operation; 12 Longyan to Fuzhou section of ventilation debugging, West three line east across the board completed laid the foundation. At present, the west second sub transmission station in Ji’an west line of the eastern section of natural gas from three. West three lines per Transport 10 billion cubic meters of natural gas, can replace 13 million tons of standard coal, equivalent to reduce 610 thousand tons of harmful substances, 44 million tons of carbon dioxide acid gas emissions. “West Gas” into the Fujian, Fujian province will become a green ecological construction of the new engine.

China Petroleum Fujian sales company responsible person said, in order to better protect and serve the demand for natural gas in Fujian Province, 2020 years ago to fight for the construction of 7 extension, and the choice of the Fujian sea and the sea oil pipe network interconnection.
It is reported that China oil pipeline builders to “quality engineering, safety engineering, green engineering, harmonious Engineering” as the goal, to overcome the heat, Mei Yuji, typhoons and other unfavorable factors, gather all forces, strengthen construction management, to promote the innovation of science and technology. Environmental protection and water and soil conservation engineering measures to achieve the same time and the main project design, simultaneous construction, and put into operation”.

The recent market supply and herbicide technical inventory low, market prices continue upward. Glyphosate manufacturers continue to remain high, affected by the Hebei production, delivery is still tight; Glufosinate ammonium new market capacity is more, but the production capacity has not yet been released, supply is tight, with the arrival of the peak season of production, market supply reduction, the imbalance between supply and demand, upstream manufacturers orders will is not strong; TC trifluralin inventory low, manufacturers have to drive; Fomesafen technical export good, upstream intermediate rises greatly, the manufacturers do not want to take a single; Affected by the intermediate strain, Nicosulfuron, mesotrione TC price hike; Amide herbicides to stabilize the main, but the overall tight supply; Oxyfluorfen TC by intermediate effect of tight supply, price stability; Clethodim technical export demand improved, but stop limit production enterprises increased, spot tight supply; Two pendimethalin and 4 sodium chloride 2 technical products such as the supply side is blocked, then the original manufacturers to light storage orders, price increase; Effects of mefenacet by the technical capacity of the new price down, the downstream light storage enthusiasm is not high; Cyhalofop original affected by upstream intermediate supply limited, supply is still tight, the market price high; Quizalofop-p-ethyl tech for intermediate production, tight supply; Weed Songyuan medicine price callback.

Bactericide

The recent technical fungicide market supply, market prices generally rose. Pyraclostrobin TC remains tight, high price; Three triazole fungicide due to the end of the inventory stage, the manufacturer of underemployment rate, drug costs, high technical cost, lower price hike; Hexaconazole raw price rose steadily, the manufacturers do not want to take a single; Tebuconazole TC inventory low, low operating rate of the upstream market, intermediate high prices, manufacturers price hike; Tricyclazole tight supply, car manufacturers, price hike;

Carbendazim, thiophanate methyl TC more stable market, market demand, limited supply, price stability; Dimethomorph demand in general, gradually digest inventory, the market price stability; Azoxystrobin technical capacity, car manufacturers are less, the high quality goods price high; Kresoxim technical requirements, the market price stability; Iprodione and diethofencarb TC TC, flusilazole, production is relatively concentrated, the price is still mainly stable; Qingyuan drug market chlorothalonil is still hot, prices remain high.

Insecticide：

The recent market by pesticides applying environmental protection and cost factors, high price. Avermectin series products manufacturers increased parking and a large area of destruction, manufacturers inventory low, a single sell spot, hard to find; emamectin benzoate TC examined, manufacturer discontinued limited production, tight supply; The price of nicotine products continue to increase, intermediate and technical manufacturers stop production, inventory more low,

continued tight spot; Imidacloprid market prices; Thiamethoxam pesticide price high, manufacturers operating rate rise, spot supply; Acetamiprid original price hike, the market circulation of more than supply, weak demand; Nitenpyram pesticide due to low inventory; Pyrethroid pesticide, Ben Tingsuan methyl ether, aldehyde up-regulated, downstream manufacturers. Chlorpyrifos TC, phoxim technical inventory low, the overall price hike; Malathion capacity is relatively concentrated, price stability; Fipronil technical inventory low, price hike; Drug manufacturers cannot deliver Pymetrozine pre orders, the market index fell slightly; Spirodiclofen drug prices remain stable; Etoxazole TC environmental protection manufacturers stop limit production, low inventory; Chlorfenapyr TC inventory low, intermediate prices, spot prices; Propargite affected by upstream intermediate prices, high price.

Herbicide

The Southern China TDI market within a narrow range, the supply and demand side continued stalemate game, some businesses tight inventory goods in Shanghai offer a narrow range of rise, downstream users just need to carefully reflect light with the city, domestic goods without tax reference offer 27000-28000 yuan / ton, Shanghai goods without tax reference offer 29000-29500 yuan / ton.

Finance recently, manufacturers have been the end of the overhaul, the supply of propane tends to be stable, but after the weather turns cool downstream for propane consumption increases, and the trader terminal stockpile awareness crescendo in the fundamentals, a great improvement.

In December 7th, the domestic parts of the propane Market overview:

Dongying Huatai chemical 80 thousand tons of propylene oxide plant started around 80%, Nissan 200 tons, the factory is single cash talks to 10550 yuan / ton.

Dongying Hualian Chemical propane price stability, the implementation of 3750 yuan / ton, factory shipments in general.

Shandong Huifeng Petrochemical propane price stability, the implementation of 3930 yuan / ton, the normal operation of equipment manufacturers, the normal inventory.

Summary: the market price has been high in the propane market recently, the short-term relative to the gradual improvement of downstream demand, refinery production is relatively small, the current low price of shipping resources worry free, high or slightly minor resources.

Recently, glycol electronic market still strong, active trading market. The spot market, focus upward, part of deposit gap contract purchasing actively, the downstream polyester better, some polyester factory in buying.

December 6th afternoon, the glycol price up to 6680 yuan / ton, the intention of concentrated shipment. At present, the ethylene glycol price was 6670 yuan / ton, up 195 yuan / ton, outside the day average price of 785 U.S. dollars / ton, up 31 U.S. dollars / ton. East China glycol spot offer price set at 6600-6700 yuan / ton, Southern China area price concentrated in 6700-6800 yuan / ton.

In December 7th, Sinopec marketing company Beijing branch of the ethylene glycol offer temporary stability, Yanshan petrochemical, Tianjin Shi Huayi glycol spot basically no foreign sales, mutual supply of Tianjin chemical fiber, the glycol spot price at 7000 yuan / ton. Sinopec East China sales company glycol spot prices stable, the current spot price of 6800 yuan / ton, under the Yangtze, Shanghai, Zhenhai, BASF are executed. Xinjiang Dushanzi petrochemical ethylene glycol unit operating stability, spot price stability, the implementation of 6600 yuan / ton, the products mainly supply the surrounding area. Maoming petrochemical ethylene glycol unit currently operating load is normal, offer temporary stability, the current spot local implementation of 6750 yuan / ton. Normal operation of the company of CNPC Fushun Petrochemical 60 thousand tons / year of ethylene glycol plant, temporary price stability, the local implementation of 6650 yuan / ton factory. Yangzi Petrochemical Ethylene Glycol BASF ex factory price of 6800 yuan / ton, stable, ethylene glycol / diethylene glycol production capacity of 320 thousand tons / year, normal operation.

The talks atmosphere is insufficient, the market volume is limited. The recent polyester operating rate of about 83%, production and marketing of polyester glycol to encourage better market atmosphere, eg market prices to new highs, the market is expected to domestic ethylene glycol spot market in the short term or the high consolidation.

overall, this wave of rising prices of chemical products is rising costs and environmental pressures, macro-control and the fluctuation of the international market due to passive rise.

“Price boom is sweeping the industrial upstream and downstream industries, from the beginning of the year, coal, iron ore and other raw material prices soared, a few months after the transfer to the entire industry. The beginning of the second half, chemical products prices rose overall trend.

According to the National Bureau of statistics, November 21, 2016 -30, circulation of important production of chemical products, caustic soda, methanol, benzene, styrene, polyethylene, polypropylene, PVC, butadiene rubber and polyester filament and other 9 kinds of chemical products prices compared with the same period last year showed a significant rising trend, which rose to the highest is butadiene rubber, compared with the same period last year rose more than doubled; the lowest is polyethylene, also reached an increase of 12.03%.

The price of this wave of chemical products also directly promote the improvement of the overall profitability of the industry. From the beginning, chemical raw materials and chemical products manufacturing main business revenue growth showed a tendency to expand, 1-10 month cumulative year-on-year growth rate reached 4.6%, the highest this year, 2.3 percentage points more than the annual growth last year. Total profit growth has also increased over last year, in March reached a peak of 20.8%, since the second half of the year have also maintained steady growth at around 13%.

In twenty-first Century the Institute of Economic Research of the first three quarters of Wind released 198 chemical industry of the profitability of listed companies, found that the enterprise is really business conditions to improve the phenomenon. Compared with the same period last year, the third quarter of this year the number of enterprises to reduce the number of 14; net profit and operating income attributable to shareholders of the parent company to achieve growth of enterprises to increase 43; revenue growth and profit growth rate also significantly expanded.

But with this synchronization is the industry profit differentiation serious losses of loss making enterprises to expand. The largest decline in third quarter profits reached -92303%, 22 times last year the biggest decline.

Show that the industry profit differentiation situation, sustained high cost has made some enterprises difficult to load. In the current round of price surge, as the chemical industry in two by blocking the cost of raw materials prices, the downstream demand side downturn, this price is more of a passive price.

Several major factors pushing up the cost of chemical industry

In 2016, the national The Belt and Road “policy advocacy, major domestic production enterprises in the first half of Xinjiang Tianye PVC exports amounted to 210 thousand tons, far exceeding the level of the same period last year. Only three months, Tianye PVC products doubled sales in Africa, to effectively resolve the domestic supply and demand pressure. Xinjiang Tianye logistics industry based on the two markets of domestic and abroad platform, export sales of chemical products in over 109 countries in Asia, the Americas, Europe, Africa, etc.. Chinese according to customs statistics, in August 2016 China pure PVC powder export volume of 142 thousand tons, an increase of 15.57%, an increase of 76.44%. This year 1 ~ August, PVC powder cumulative export volume of 836 thousand tons, the cumulative rose 56.99%, “going out” to successfully resolve the domestic overcapacity, the supply side reform achieved.

From the main export country, India on PVC demand is stable, China’s PVC exports are still based in India, the total export amount of 26%; followed by the Southeast Asian region, such as Mara Thea, Thailand and Vietnam, exports of these three countries accounted for 30%. In addition, PVC mainly exported to Central Asia and Russia and other places also include. The future supply side reforms will be more in-depth, “going out” strategy for domestic PVC production capacity to find a new way.

In 2015 this year, compared to 2014, PVC prices continued bullish, attracted the attention of the industry. This year 8 ~ October, 6000 ~ 6900 yuan / ton PVC market price, compared with last year rose 1100 yuan / ton. National Day return, most manufacturers said overall inventories remain low, delivered more pre orders, reducing the overall market price, many manufacturers in the wait-and-see, expected short-term price of PVC will also remain high strong state.

In August this year, the market overall tumbled in the plastic case of polyvinyl chloride (PVC) but the rally unabated, from August to October this year, PVC prices more than 1200 yuan / ton, or more than 22.3%, the plastics industry become a dark horse.

The high cost of supporting PVC prices

China is a less gas, more coal, less oil, the current domestic production of PVC by calcium carbide based 80%. Therefore, the price trend of calcium carbide seriously affect the price trend of domestic pvc. 7 months late this year, the central environmental protection inspection team into Inner Mongolia, Ningxia and other places, the calcium carbide production due to huge energy consumption, serious environmental pollution, environmental protection has become the focus of supervision object inspection group. In the environmental remediation under pressure, was forced to shut down production of calcium carbide and PVC production enterprises in Inner Mongolia, resulting in short-term supply shortage of calcium carbide, prices continued to hike. Start the load to maintain production reduce individual production enterprises, the impact of domestic PVC manufacturers offer lead to supply and demand, continued to pull up. At present, the calcium carbide price still maintain quite high, support the formation of PVC prices, the short term is difficult to have a big decline, rising coal and coke prices steady and, later will continue to increase as pvc.

In addition, highway freight prices also affected the cost of production of pvc. In August 18th this year, the Ministry of transport and the Ministry of Public Security jointly issued “on the issuance of” rectification of highway freight illegal overloading behavior special action program “notice”, from September 21st this year to August 2017, will carry out the focus of remediation, severely crack down on illegal highway truck overrun overload, forced red card and other prominent violations, strict implementation of national standards “cars, trailers and train the external dimensions, axle load and limit”, namely the cargo transport vehicles shall not exceed the total mass of 49 tons, 4 meters below the height limit. According to the estimates, then the road will rise 30~50 yuan / ton. At present, just the implementation of policies, the market is still waiting, some restrictions on the formation of motor outage, lower demand, market goods decreased, some manufacturers said that compared with the previous, transport of goods and freight less, but higher. Only part of the increased cost of PVC in the quote, in the short term, PVC prices continued to pull up.

The inventory is low, demand is bullish

In 2016, food prices are not ideal, the farmers’ enthusiasm to reduce. However, the chemical fertilizer stored for the winter season, the market is “up” a sound: urea and compound fertilizer rose rose. What is the reason from this “boom”? Up to what time? The dealer Dongchu enthusiasm affected?

Only 30% years of winter reserves

According to recent years, winter has been tepid. However, this year the market is somewhat strange. 2016 national day, urea prices change the flagging, sharply higher. Taking Anhui Province as an example, as of November 18th, the province of urea mainstream price 1520~1560 yuan / ton, individual urea manufacturers to a large amount of orders, control orders. Comparison of August prices have risen 200~300 yuan per ton. The rise of the big, fast speed, it is be struck dumb.

This round of urea prices, allegedly coal prices have increased the cost. I understand that the urea production raw coal from the beginning of 300 yuan / ton rose to the current 600 yuan / ton, coal prices have boosted the price of urea; at the same time, in September 21st this year launched the “transportation vehicle management regulations”, limiting the truck weight, freight fertilizer also increased a lot. In the urea prices rose driven, phosphate fertilizer and potash fertilizer have to rise.

This urea compound fertilizer over the off-season counter attack soaring, winter storage but it started very slowly. According to the usual practice, after the phosphate fertilizer fertilizer market immediately into the winter period of fertilizer reserves this year, according to my understanding, the transaction is still in the flat period of compound fertilizer.

At present, the country, around the winter storage is still uncertain price. The introduction of a compound fertilizer enterprises winter storage price mainly concentrated in Anhui, Shandong, Hubei, Hunan, Jiangsu and other places, 45% chlorine based compound fertilizer individual provisional winter storage factory price in 1650~1820 yuan / ton, 45% sulfur compound fertilizer individual provisional winter storage factory price in 1830~1930 yuan / ton, Shandong area of high-end price in the 2050 yuan / ton, some enterprises have money interest policy.

Overall, the whole winter reserve fertilizer only in 20%~30%.

Dealers are more cautious than usual

In the past, winter spring fertilizer than the purchase price to about 10% cheaper. But in recent years due to fluctuations in the price of fertilizer is too big, a lot of agricultural business in the winter did not benefit but a loss, which makes them suspicious of winter. Especially in the face of urea prices rose this year, dealers are facing many winter storage is relatively cautious.

“Now the agricultural business is difficult to do, the crop harvest is not good this year, spring, late spring coldness of high temperature and drought in summer, many farmers lack confidence in the investment in agricultural farming, reduce the number of.” Gao Jie Anhui province Suixi qijizhen agricultural business said that the past 3 months to prepare fertilizer prepared with some goods every month. But this year he still wanted to “halt the troops and wait, wait for some time. “In August compared to the manufacturers price, the price is up to now a bag of 10 dollars. This price is too deficient, I wait!” Gao Jie said.

I found that some manufacturers have felt the negative stocking distributor, they also began to take the initiative to cut production, raise prices, sell less amount more profits to prepare for winter storage. The majority of compound fertilizer enterprises receivables is not ideal, operating rates rise slowly, the overall operating rate remained at about 43%.

The market outlook still up space

Then, the late urea have room to rise? According to the national development and Reform Commission data show that 1~9 months, the national coal production of 24.6 tons, down 10.5%.” In November 3rd, the Bohai thermal coal price index closed at 607 yuan / ton, the highest on record since the beginning of this year, compared with the beginning of 371 yuan / ton, up 236 yuan / ton. According to the consumption of coal per ton of coal based urea for 1.55 tons, which means that from the beginning of the year so far, only a coal, urea enterprise cost rose 365.8 yuan / ton.

In the short term, because the price of coal market is still strong, in addition to fertilizer, raw material prices, and rising freight costs, environmental transformation, years ago, urea prices remain high probability.

Saudi oil production soared to 10 million 500 thousand barrels / day. The surge in production began in the beginning of this year, is designed to cater to the domestic summer seasonal peak demand, and maintain its global market share.

Previously, once the summer demand weakened, Saudi Arabia will immediately cut the level of output, but this year is different. The country still maintain a high yield, and to accelerate the export in Iran and other countries, and the market share war pushed up production to new highs.

With Iran officials in the recent meeting, Saudi Arabia threatened if no agreement is reached, will further increase the production and export levels.

After the sinking of the oil city of Saudi Arabia to force other oil producers yield precedent. In addition to the current situation, dating back to 1998-1999 years, a large number of Saudi Crude oil supply into the market, against the Venezuelan adventurism, oil prices fell about $10 hit.

Before the hydraulic fracturing revolution, its damage to the production of the United States will always repair. This week, Saudi oil appears to have collapsed long is ready, said even in a no agreement, the market will achieve self balance again. This comment may have some truth, but need time to. Based on this, the oil price may have to wait until the end of next year will recover, especially with Iran, Iraq, Russia, Azerbaijan and other countries of production continued to increase, not to mention the US shale oil producers.

Wednesday (November 30th) later, everything will come to light. The oil market is likely to expose the ugly side, the price may be dropping earlier this year to reach $25 a barrel in the vicinity of the low.

The national development and Reform Commission announced the evening of 30, according to recent changes in international oil prices, the formation mechanism according to the current oil prices, since November 30th 24, domestic gasoline and diesel prices (standard, the same below) increased by 175 yuan per ton and 170 yuan. So far, the domestic refined oil prices ushered in the eighth year increase.

In this regard, Zhuo oil analyst Xu Na said, according to the calculation of the current price increase, the implementation of the price adjustment, five gasoline standard domestic implementation of the country, 92, oil prices will return to the “six yuan era”; in addition, Chongqing No. 93 gasoline price, Yunnan and Guizhou also will usher in the “six yuan era”. Thus, consumers travel costs rise again, but due to the current price increase is small, overall, consumers increase the cost of oil co..

A small one car fuel tank capacity of 50 liters in the case of rising, the implementation of the policy, the fill a box of oil will increase the cost of 7 yuan. From the consumption aspect, a month to run 2000 kilometers, 100 km fuel consumption of small cars as an example of 10L, to the next adjustment window opens before December 14th 24 before half a month, the cost of oil consumers will Rose 14 yuan. Compared with private cars, the logistics industry to increase the cost of fuel is too large, the monthly running 10000 km, one hundred kilometers fuel consumption in 38L heavy truck for example, until the next adjustment window opens, single vehicle fuel costs will increase by about 275 yuan.

Lung Chung Petrochemical Network Analyst Li Yan said that the current international crude oil prices, the next round of oil price adjustment will show a downward trend, and the downward adjustment is likely to continue to expand. The OPEC meeting in November 30th may still failed, even if the final agreement, the rate cut will not be great, as oil prices continued to provide power to the rose. Is expected to run aground down the next round of oil price adjustment or greater probability.

Anxunsi oil industry analyst Huang Lifang said that OPEC meeting held in Vienna in November 30th will discuss the number of cut members specifically, may also be reached between OPEC and non OPEC production cuts. Many uncertain factors, the post oil prices remains to be seen. According to the existing domestic refined oil pricing mechanism of price adjustment cycle estimates, December 14th 24 will usher in the twenty-fourth round of gasoline and diesel price adjustment node in 2016.

It is worth noting that the NDRC also said, is closely following the formation of product operation mechanism of oil price changes, combined with the situation of domestic and international oil market, further study and improve.

At present, the Panxi area above 38 grade titanium ore price in 750-800 yuan / ton (excluding tax), 46 grade 10 titanium ore price in 1150-1200 yuan / ton (excluding tax), 47 grade titanium ore price in 1100 yuan / ton (excluding tax), analysis of industry stakeholders: Panzhihua titanium the west area continuous rising market concentrate, mostly by the downstream titanium dioxide manufacturers continue to rise, the short term, titanium concentrate Market or continue to run high.

The production equipment and process and significantly enhance the quality of positive export

In recent years, China’s titanium dioxide production equipment or whether the production process has greatly improved, has been fully recognized by the international downstream users, PPG, AKZO NOBEL, COSCO Kansai such a large number of world famous enterprises have made China purchase paint, according to the data China paint procurement network, we present titanium dioxide businesses in the packaging machine 80% has 130 years of production history of the German Hawoboke equipment company production of full automatic integrated valve bag packaging machine, to achieve efficient, safe and clean effect.

Harvout Technology (Tianjin) Co., Ltd. rotary packing machine

According to the Hawoboke subsidiary harvout Technology (Tianjin) Co., responsible person: “before the customer fully automatic integrated valve with their semi automatic packaging machine more on the European and American countries, like DuPont, beauty Hensman, Connors, Li Lian, Camilla McGee, such as the international chemical giant. In recent years, with the improvement of environmental consciousness, the Asia Pacific sales have to occupy a high share in their business, especially the titanium dioxide industry China, 80% of the enterprises are using their packaging machine equipment, like billions, Lomon titanium industry, nuclear titanium dioxide, Yunnan Xinli, Dongjia group, Panzhihua titanium industry etc. a titanium dioxide enterprise, which means that Chinese titanium dioxide enterprises not only pay attention to product quality, have gradually realized the importance of product packaging, that China made overall and international quality continued to narrow the gap”.

The overall quality of titanium dioxide, titanium dioxide is good news for China’s exports, 2016 1-9 month total exports of 54.0603305 tons of titanium dioxide, the 3 quarter is only for the year 2015 exports exceeded 53.8394441 tons.

Foreign titanium dioxide prices, widening domestic price

In November 25th the RMB exchange rate reported 6.9168, down 83 basis points since last year since the exchange reform, the RMB exchange rate against the dollar has accumulated depreciation of nearly 10%. According to official forecasts: 2017 RMB exchange rate against the dollar devaluation will be around 15%. The devaluation of the Renminbi for future exports, China’s titanium dioxide will be large inflows of international market, which will further increase the scarcity of domestic market products.

In 2016, foreign titanium dioxide also continued to rise, the current domestic titanium dioxide and foreign enterprises price adjustment in the 8000-1000 yuan / ton, if domestic titanium dioxide and titanium dioxide rose too high, foreign price advantage is not obvious. So will the influx of foreign titanium dioxide, of course, this does not exclude foreign manufacturer of titanium dioxide sharply raised the price, if such domestic titanium dioxide prices will be further affected.