Three: the fuel cell will usher in the spring

1, a number of car companies launched fuel cell vehicles industrialization plan. Futian OUHUI won 100 hydrogen fuel cell bus orders, become “the realization of a fuel cell electric bus industry, commercial development and operation of the landmark event. In addition there are 5 cars and Futian billion Huatong joint research and development of hydrogen fuel cell electric buses are expected in the future will invest in Beijing bus line. At the same time, the FAW have with domestic companies to launch a new source of power fuel cell logistics vehicles, fuel cell vehicles industry significantly faster.

2, the fuel cell to achieve high efficiency and zero emissions, is the ultimate goal of new energy vehicles. Fuel cell vehicle efficiency than gasoline vehicles is 44% higher than the charging time of lithium battery electric vehicle is greatly reduced, realize high efficiency and zero emissions.

3, the key material breakthrough, industrialization development. China’s proton exchange membrane reached the international advanced level, the domestic new sources of power, Wuhan Polytechnic and Dongyue Group and other companies also have their own R & D of the proton exchange membrane products; Pt metal consumption decreases, the amount of Pt from each 100kW fuel cell catalyst consumption 10 years ago Pt80-100g, reduced to the limit of the 30-50g, the next few years will be further reduced to about 10g, the amount of catalyst cost equivalent to euro V diesel automobile platinum.

4, new energy vehicles duty-free first 7 new fuel cell vehicles, the top-level design is expected to accelerate and promote the development of the industry. In November 25th, the Ministry announced the ninth batch of “vehicle purchase tax exempt from the new energy vehicle models directory”, which includes 1 fuel cell vehicles, 3 fuel cell buses and 3 fuel cell vehicles.

Four: lithium battery materials demand continued rapid growth

1, China surpassed the United States has become the largest new energy vehicle market. 201 years, China surpassed the United States as the world’s largest new energy vehicle market. We expect 2016 sales of new energy vehicles is expected to more than 500 thousand vehicles, sales to maintain rapid growth.

2, China’s new energy vehicles continued to launch new products, to speed up the layout of the market share gradually increased.

Five: OLED lead the future display

1, OLED superior performance, it will replace the LCD screen.

2, a huge market, OLED rich application scenarios. Thanks to the technology breakthrough and improve the yield, the OLED screen production costs decreased significantly, the large-scale application of imminent. IHS data show that AMOLED display shipments will achieve an annual growth rate of 40%, in 2016 reached 395 million.

3, OLED broke out soon, the domestic industry chain need to be improved. At present, the world’s major resources are concentrated in the OLED factory of Korea, Samsung in the global intelligent mobile phone market accounted for 95% of the share of organic screen. In the long run, Chinese, future OLED panel production capacity is considerable.

Epoxy propane Market

1, the industry boom picked up significantly. Since the beginning of 2016, sea of shares, Shandong three Yue, Zhenhai Refining and other enterprises operating rate is more than 100%, the industry boom picked up significantly;

2, further relaxation of export capacity to digest. In November 2015 the Ministry of Commerce, the General Administration of customs and the propylene oxide from the export ban catalog number PO removed, the success of June 2016 exports exceeded 5000 tons;

3, the downstream price linkage, enhanced epoxy propane prices expected.

Two: semiconductor chemicals usher in development opportunities

1, the semiconductor industry to promote the development of electronic chemicals demand. In 2007 the global semiconductor sales totaled $255 billion 600 million, with the development of the semiconductor industry, in 2015 the total sales rose to $335 billion 200 million. The growth of the semiconductor industry, driven semiconductor market share rising chemicals.

2, electronic chemicals localization represent the general trend, a huge import substitution space. With the increase of domestic demand for electronic chemicals, the current domestic related industry is gradually realize localization, a huge import substitution space; domestic electronic chemicals increased from 40 billion 700 million yuan in 2005 to 170 billion yuan in 2015, an average annual compound growth rate of 15.4%, higher than the GDP growth rate.

3, electronic chemicals is the strategic emerging industries, industry by policy support. State and local governments have issued a series of policies to support the development of industry, issued a “national outline IC industry to promote the development of” 2014-2016 “, a new display industry innovation and development plan of action”, is expected to “13th Five-Year” period, electronic chemicals industry policy support will further strengthen.

[hot] Gade chemical network daily In recent years the chemical industry supply and demand situation improved, chlor alkali, epoxy propane cycle industry developed, is expected to usher in the dawn, the market will pick up propylene oxide. The semiconductor chemical industry will also usher in development opportunities, domestic electronic chemicals represent the general trend, a huge import substitution space. Fuel cell, lithium battery materials, OLED industry is also growing.

Nearly four years of existence and the bottleneck of the traditional inefficient environmental protection industry, ushered in the supply and demand balance point. In crude oil and other upstream raw material prices rise in the background, the price elasticity. The new material industry in semiconductor materials of lithium battery materials, as the representative of the demand, entered a period of rapid growth, huge space for future earnings growth.

At the same time, benefit from environmental protection policies to restore production capacity, supply and demand in most traditional chemical sub sectors to the equilibrium level, in the history of inventory low, the industry boom significantly improved. On the other hand, the integration of the industry and the new business volume to bring new development space. We believe that the chemical industry to benefit from the effects of supply and demand and improve the downstream applications driven, the overall profitability of the industry is expected to improve, given the industry recommended rating.

A: chlor alkali, epoxy propane cycle industry for the better

Chlor alkali industry is expected to usher in the dawn

1, to the capacity of the industry entered a substantive stage, industry concentration further improved. In 2015, with an annual output of more than 400 thousand t/a enterprises accounted for the proportion of production capacity increased from 27.1% in 2010 to 37.7% in 2015;

2, the industry average operating rate remained low. Caustic soda plant operating rate from 69% in 2010 to about 80% now increased steadily. PVC plant operating rate for five consecutive years since 2008 60%, nearly two years increased, in 2015 the industry operating rate of 69%;

3, backward production capacity continue to exit, cluster and park become the mainstream of the development of the China chlor alkali industry;

4, the downstream pick up will continue to constitute a strong support for the chlor alkali market.

In December 23rd, the alcohol market consolidation operation in Shandong area, ordinary wheat alcohol price mainstream discussion at 5050-5100 yuan / ton tax, general level of cassava ethanol price mainstream discussion at 4900-4950 yuan / ton tax, high corn alcohol mainstream discussion to 5100-5150 yuan / ton tax, downstream ethylene ester receiving stable, good market trading the market outlook, stability.

The national development and Reform Commission before the date of approval, agreed to Fujian Province, microbial development and application of “bio medicine photodynamic treatment technology” “Fujian traditional Chinese medicine molecular biological technology” three science and technology innovation platform, included in the national local joint engineering research center construction.

According to Xinhua News Agency reported on December 22nd, one of the highlights of the three innovation platform in the Fujian province is relying on the Fujian Provincial Academy of Agricultural Sciences “microbial development and application of National Engineering Research Center”, will focus on the construction of agricultural microbial resources screening, molecular biology, microbial fermentation technology, research and development, product testing, effective extraction etc. six high technology platform, to carry out the key technology research of microbial preparation industrialization, strengthen technological innovation and transformation, for the industry of agricultural microbial inoculants, and make new contributions to the development of green agriculture.

It is understood that the Fujian Provincial Academy of agricultural scientific research team of microorganism, dedicates itself to the application of agricultural microbial inoculants, built the largest international repository of Bacillus, Bacillus strains collected nearly 35 thousand, published 10 new strains of Bacillus, determination of whole genome of 113, accounting for the world output 30%, the development of biological pesticides have been exported abroad.

The national development and Reform Commission to support Fujian three innovation platform construction, will enhance the microbial, biological medicine, Chinese medicine modernization field has the characteristics of Fujian industrial innovation system and infrastructure construction, promote the construction of ecological civilization in Fujian province National Experimental Zone, national innovation demonstration zone.

Domestic butadiene market stabilized down, supplier price week began to decline, the stock market bearish expectations. According to the sample enterprise data show that this week butadiene fell 1.44% to three months for a cycle or 49.74%.
Due to the early surge of butadiene prices, the prices continued to rise, although the downstream market actively follow up, but in the case of high prices continued to follow up and fade weakness, resentment is getting stronger. Week Liaotong chemical stable price of shipments, shipments of state manufacturers inventory pressure gradually; and the market price offer, bearish expectations fade, Liaotong chemical weeks for price by 1000 to 12810 yuan / ton. The market, the market fell by the north, East China downstream procurement sidelines, multi digest inventory, compared with last week, down about 800 to 13800 yuan / ton.

Shandong veectory chemical 6-7 device KTPA butadiene in September 26th parking maintenance, the recent plan to restart, the specific time is unknown; Singapore 155 thousand tons of butadiene unit due to failure in September 27th to stop, restart time is tentatively scheduled at the end of October; Shanghai SECCO 90 thousand tons / year plant maintenance plan until November.
Shandong Weite chemical plant recently restarted, the market supply is expected to relax the downstream market week; rubber prices fell, a drag on the market during the week and butadiene; because Liaotong chemical delivery for price cut, bearish market sentiment is getting stronger. Although the disk, the strong performance of Sinopec, but due to the early market soaring, the downstream market is getting stronger with the lack of follow-up is expected next week; butadiene market downward space.

From a PTA perspective, yesterday (20 days) domestic PTA futures market prices rose, the spot market price in 4802 yuan / ton, compared with the previous day rose 2.30%, an increase of 3.40%. The futures market day trading, the main futures (1701) to 4904 yuan / ton, compared with the previous trading day up 102 yuan / ton, rose 2.12%.
The main reason, rose first, yesterday PTA influx of funds in the market, the speculative atmosphere rise, futures Masukura up to lead the energy of the plate, the spot market by the price boost sharply with the rise. Secondly, the cost of support. 20, the closing price of crude oil fell, WTI main futures closing price of 50.43 U.S. dollars / barrel, down 1.17 U.S. dollars / barrel, but the heat of the market still limited production agreement is expected. PX prices continue to rise slightly,

Asian PX prices rose $4, at $788 / tonne FOB Korea and US $809 / ton CFR Chinese. Third, the downstream polyester plant started, relatively stable, as current polyester fiber sales has increased to 150%, and low inventory, Jiangsu and Zhejiang polyester market since October has been in a rising channel, wherein the polyester filament of each product are up more than 3%.
From a fundamental point of view recent weeks, Hengli Petrochemical 2 million 200 thousand tons / year plant restart, superposition of Yisheng Petrochemical 2 million 250 thousand tons / year plant and MITSUBISHI Petrochemical 700 thousand tons / year plant is expected to restart, PTA supply will increase. The downstream polyester factory, the fundamentals of supply and demand overall is still tight, or short term will continue steadily trend. But for the terminal, because the price of raw materials prices continued to purchase care orders, many fabrics and DTY production is on the verge of a loss. Xia Ting expects the current point of view, PTA long funds still strong, and with good international oil prices still continue to break up the possibility of short-term shocks, PTA is larger, but the persistent slightly lacking, beware of the risk of down.

Fangchenggang inventory of about 307 thousand tons of sulfur, the surrounding plants consume inventory of resources, trade negotiations not much news. At the end of Fangchenggang still has two factories supply plan to Hong Kong, Fangchenggang bulk grain price rose to 720-730 yuan / ton.

Qingdao port sulphur inventory 79 thousand tons, at present Shandong area environmental protection inspection is still in progress, the downstream plant operating rate is not high, the market performance of the general procurement of sulfur. The southern port of Qingdao rally driven, holding the goods mentality is acceptable, the price offer less, mainly discuss suihangjiushi. Qingdao port sulphur powder block reference price 740-750 yuan / ton, tons of sulfur granules reference price 800 yuan / ton.
Market forecast: domestic sulfur prices rose rapidly, the downstream plant procurement inadequate follow-up, nor support outside news came out, the current price callback increased risk, near the end of the week, is expected to market temporarily – finishing the main sulfur.

Thursday (October 20th), quickly pull up the price of sulfur, traders and downstream plant operation rhythm is disrupted, the face of the current high price of factory goods intention to hesitate, traders also worry that the callback increased risk, dare to follow up, today most manufacturers choose to wait and see. Tender 35 thousand tons of sulfur in Qatar 18 tender, no clear news; 15 thousand tons of sulfur particles in Formosa recent bidding, the bid price of $84-85/t FOB, the successful bidder and the final receiving is unknown.

Port: the main port of sulfur Chinese inventory 1 million 700 thousand tons, of which Nantong port inventory 790 thousand tons, 370 thousand tons of Zhenjiang port. Sulfur is pushing up the price, the market sentiment increased, a small amount of bulk particles today offer up to 800 yuan / ton, not heard of the deal, holding the goods do not offer the mainstream. Yesterday in the Yangtze area bulk price particles 760-770 yuan / ton, in the face of such a large price increases, the downstream plant said temporary fence, waiting for the market to further uncertainty.

Huabei ABS price increase 100 yuan / ton, 0215A price of 11750 yuan / ton, 0215H price of 11750 yuan / ton, GE150 price of 11750 yuan / ton, the price of 11850 yuan / ton 750A. The recent sales steady, stock is not much.
In the Northeast Branch of ABS 0215A (price stability, Jilin petrochemical) price of 11750 yuan / ton, 750A (Daqing petrochemical) price of 11750 yuan / ton, 150 (Jilin petrochemical) price 11650 yuan / ton. Business inventories, factory sales.

In the north of Dushanzi Petrochemical Company PS listing price increase 200 yuan / ton, through benzene 500 reported 9200 yuan / ton, 500N 9100 yuan / ton, 500NT 9150 yuan / ton, instead of benzene HIE reported 9600 yuan / ton, the price for the Tianjin library.
In the east of Dushanzi Petrochemical Company PS price up 100-200 yuan / ton, through benzene 500 reported 9300 yuan / ton, 500N 9300 yuan / ton, 500NT 9600 yuan / ton, instead of benzene HIE reported 9600 yuan / ton. Low inventory, the recent sale of normal.
Because businesses on the market outlook mentality flat, merchants offer stable and slightly adjust. The majority of the downstream plants on-demand procurement, the actual volume is not much. Expected short-term market will continue to maintain a steady trend of finishing individual.