The United States in November 23rd 593 weeks the number of rigs, 5 increase in the number of Taiwan, Taiwan 151 years of decline; Canada rig count 174, week 10 decrease in the number of Taiwan, Taiwan 10 years of decline. The United States oil rig 474 weeks, a 3 increase in the number of Taiwan, Taiwan 81 years of decline. EIA Brent is expected in 2016 the average price of crude oil 43 dollars / barrel, 2017 $51 / barrel; 2015 U.S. crude oil production averaged 9 million 400 thousand barrels / day, is expected in 2016 to 8 million 700 thousand barrels a day in 2017 to 8 million 600 thousand barrels / day. Compared to the forecast in the August report, the forecast 2017 crude oil output higher than before 100 thousand barrels / day, mainly due to the rig active and well production ability. Is expected in the 4 quarter of U.S. crude oil production increase, the price of crude oil is still under pressure, the proposals concern frozen production meeting results.

This week, domestic gasoline and diesel oil fuel tax spreads were 340, 569, 168 yuan / ton, rate is 9.6%, 19% and 5.3%. of South Korea and Taiwan have raised the price to start, the closer this week, ethylene prices fell 2.17% reported in the southeast of 900 U.S. dollars / ton. Haiwei and satellite parking within PDH weeks of repairs, supply slightly tight, Southeast Asian propylene steady quoted at 649 yuan / ton. Next week the rubber market, Chinese strong demand, Southeast Asia butadiene rose 1.37% at 1480 yuan / ton.

Basic chemical:

Domestic titanium dioxide anatase titanium dioxide again this week the price of 500-800 yuan, the rutile titanium dioxide factory price 13500-14800 yuan / ton, anatase 11400-12500 yuan / ton. Tight supply and prices driven by rutile anatase increases continuously.

Market in the off-season, factory shipments increased the difficulty, low stocks, some enterprises limited supply. This week the titanium ore price 100 yuan / ton, Panxi area 47 ore price 1100 yuan / ton, factory price 12800 yuan / ton. Rising costs and tight inventories pushed up the price of titanium dioxide, the latter price is expected to rise again.

Urea: this week the operating rate is still not high, and the price of coal and freight upstream raw materials increase in cost pressures, domestic enterprises have raised price of urea urea. This week, the wholesale price of ex factory price of urea were steady at 1500, 1525 yuan / ton.

Ammonia ammonia Market: this week the local push up this week, ammonia prices rose 6.1% at 2430 yuan / ton.

Glyphosate: improving the cost of support, the fourth quarter of overseas and domestic supply and demand, boost glyphosate prices, glyphosate prices rose 4.7% yuan / ton in 22500.

In November 29th this week, according to 89 kinds of chemical price SWS chemical monitoring, this week rose varieties accounted for 56% (47% week), flat (33% last week) accounted for 30%, accounted for 14% (down 20% last week), some of the chemicals rose, the overall average increase of approximately 2.06%. don’t BDO or five branch (+16.5%), MDI (11.1%), the polymerization of butadiene rubber (+8.6%) and caprolactam (8.5%), glycine (+8.1%), the decline in the top five products were acetylene PVC (-3.6%), vinyl acetate (-3.5%) and epichlorohydrin (-3.2%), short silk cotton pulp (-3.0%), the Baltic the sea map (-2.4%).

The price of:

This week, MDI- TDI-, aniline, glycine glyphosate toluene spread chain were expanded 11.7% and 3.6%, 0.1%, carbon black – coal tar, PVC- calcium carbide acetylene chain decreased 15.9%, 8.4%. spread

Petroleum and chemical industry: The international oil price shocks.

To Friday Brent and WTI crude oil futures rose 0.81%, rose 0.81% to close at 47.24 U.S. dollars / barrel and 46.06 weeks; the average price was 48.64 and $47.5 / barrel, rose respectively 5.1% and 5.2%. U.S. dollar index closed at 101.5 weeks, up and down +0.14%.11 18 U.S. commercial crude oil inventories 489 million barrels, less than a week before 1 million 260 thousand barrels; gasoline inventories increased 2 million 320 thousand barrels of 224 million barrels a week; distillate inventories increased 330 thousand barrels of 149 million barrels a week; propane inventories increased 1 million 840 thousand barrels of 103 million barrels a week. The United States in November 18th crude oil production of 8 million 690 thousand barrels a day, a week before the increase of 9 thousand barrels / day, compared with a year ago 475 thousand barrels / day.

The normal operation of Fujian Dongxin 80 thousand tons of cyclohexanone plant, the main supply contract for a small amount of chemical fiber, the local market cash price reference to 9400 yuan / ton.

Baling Petrochemical production capacity of 180 thousand tons / year of normal production of cyclohexanone, another set of 60 thousand tons / year plant to stop products mainly for its 300 thousand tons / year caprolactam plant.

Market summary: At present, the market market amide cyclohexanone downstream in the trend of the strong side, to support the market to give cyclohexanone. The cyclohexanone remained stable state, due to the upstream raw materials have higher cost, support and delivery acceptable, some tightening, coupled with lower prices is also good, it is expected that short-term domestic have higher volatility trend of cyclohexanone.

Finance recently, the domestic market of cyclohexanone trend was flat, the venue to discuss the light. The spot market supply is tight, manufacturers sell, shippers offer rare wait for the right price to sell.

In November 29th, the domestic parts of cyclohexanone market overview:

The East China market negotiations in 8800-8900 yuan / ton; sent to Southern China to discuss the market in 9400-9500 yuan / ton of cash; many manufacturers to catch the main production, no new single trader, suihangjiushi.

The normal operation of Shandong Hualu-Hengsheng an annual output of 100 thousand tons of cyclohexanone, the main supply of adipic acid, an annual output of 60 thousand tons of cyclohexanone production at full capacity, this week lined up, the latest offer 8800 yuan / ton.

Industry consolidation period, the expansion of small factories out of Dachang

Recently, camel shares (601311, shares) announced that the company 1 billion kwh battery has been put into the project, according to the plan, the company will continue to build a total of 4 billion kwh of power battery capacity. In fact, camel shares speed power battery capacity of the layout has become the epitome of move, power expansion of the battery industry, including the Ningde times, China Xuan tech power battery supplier leading enterprises have actively expansion.

From the production data have been published, in the 53 major domestic battery production enterprises, only a handful of standard enterprise. In 2016, BYD (002594, shares) the existing production capacity of 10 billion kwh, to the end of the year production capacity will exceed 16 billion kwh; followed by the Ningde times 2016 production capacity of 6 billion kwh, is expected to end production barely touch line, will reach 8 billion kwh.

At the end of November, the Ministry issued the “automotive battery industry standard conditions (2017)” (Draft) (hereinafter referred to as the draft) show that the lithium ion power battery monomer enterprises annual production capacity from the previous “not less than 200 million watts” to “not less than 8 billion watts, about 40 times higher.

In this regard, China Xuan Tech (002074, shares) President Fang Jianhua on the “Securities Daily” reporters, 8 billion kwh capacity constraints is the media and industry over interpretation. The capacity required and recommended directory and enterprises can get subsidies are not related. At the same time, he said, the government to raise the threshold of the intent is clear, namely to promote power battery industry mergers and elimination, improve the power battery industry competition environment. Fang Jianhua expected, the next 90% will be out of battery enterprises. In addition, the car brand director Hu Ming said that the industry should also regulate conditions of energy consumption, safety and environmental protection and other public index up constraint enterprises, not only from the enterprise production scale up limit. In the face of the policy adjustment, the reporter observed, on the one hand the industry leading enterprises competing to increase investment, expand production capacity, and more SMEs are slow to follow up the pace, to wait and see.

Titanium dioxide prices continued to rise this year, thanks to the countries’ capacity to “inventory” policy implementation, reducing inventory, manufacturers capacity cuts to pull up the market price of titanium dioxide. At present, rutile titanium dioxide the actual transaction price in 13300~14500 yuan / ton, anatase titanium dioxide, the actual transaction price in 9800~12000 yuan / ton.

Upstream raw material titanium sources of tension, the miners sell and continue to explore up will be stronger, imported ore very price offer, no reduction of titanium dioxide Market support. But since the beginning of winter, downstream of the paint market demand to maintain steady light, titanium dioxide prices continue upward momentum weakening. Expected short-term market price of titanium dioxide to rally hard again, market steady, turnover of more real single, a single representative.

The reason behind the price rise of titanium dioxide
Real estate: National Bureau of statistics data released in November 14th, the first 10 months of this year, the national real estate development and investment growth in the first 9 months of 6.6%, an increase of 5.8%. This year 1~10 month, the national real estate development investment grew 6.6%, the growth rate increased 0.8 percentage points compared to 1~9 months, real estate development and investment growth for 3 consecutive months to speed up. Even first-tier cities have introduced housing credit limit restriction measures, investors still seems to Chinese real estate industry optimistic about the prospects. The stable development of the real estate industry driven by the steady growth of the paint industry demand.

Downstream coatings industry: 1~9 months, China’s paint production reached 13 million 450 thousand and 400 tons, an increase of 7.4%. Among them, Guangdong Province paint production reached 2 million 474 thousand and 400 tons, an increase of 8.7%; Jiangsu coating production reached 1 million 694 thousand and 940 tons, an increase of 4.9%; Shanghai City paint production reached 1 million 509 thousand and 940 tons, an increase of 3.9%. The paint industry is the main downstream of the titanium dioxide industry, paint prices growth on titanium dioxide prices has played a supporting role.

The rally or will gradually closing

Environmental inspection teams stationed in the relevant provincial inspectors
July 2016 the first batch of central environmental inspection teams stationed in Mongolia, black, Su, Gan, Yu, Guizhou, cloud, Ning and other 8 provinces (autonomous regions) to carry out the work of environmental protection inspectors. In November 24, 2016 second batch of environmental protection inspectors work started, the formation of the 7 Central Environmental Protection Inspectorate, responsible for the 7 provinces of Beijing, Shanghai, Hubei, Guangdong, Chongqing, Shaanxi, Gansu (city) to carry out supervision and inspection work. Strict rectification, shutting down backward, heavily polluting chemical enterprises.
The United States changed the “R-134a preliminary anti-dumping

In December 1, 2016, the U.S. Department of Commerce announced amendments to the China imports from 1, 1, 1, 2- tetrafluoroethane (R-134a) anti-dumping preliminary results, including mandatory respondent companies Zhejiang Sanmei chemical Limited by Share Ltd (ZhejiangSanmeiChemicalIndustryCo., Ltd.) and Jiangsu Sanmei Chemical Co Ltd (JiangsuSanmeiChemicalsCo., Ltd.), all China exporters / weighted production taking the average margin of dumping were revised to 232.30%.

Local time at 11:30 on October 17th or so, the German chemical giant BASF group is located in Ludwigshafen chemical plant explosion occurred. The day of the explosion is a chemical raw material transportation pipeline, the pipeline has been cut off, steam cracking device and other related devices have been shut down.

Application for approval of ethylene glycol futures
China Securities Regulatory Commission on October formally approved the Dalian commodity exchange futures application of ethylene glycol. This means that the future of ethylene glycol futures trading from the more recent step. Ethylene glycol and LLDPE, PP, and PVC with ethylene derivatives, has a good customer base in the futures market, after the listing will make plastic futures industry chain varieties more perfect.