according to the Shanghai securities tracking data show that the first three quarters of 2016, the chemical industry enterprise owned by the parent net profit declined to some extent, petroleum and chemical industry profitability by chemical prices has been improved. The basic chemical industry is affected by the upstream raw material prices and the sluggish downstream demand, profit decline. From the operational capacity, asset liability rate of petrochemical enterprises have been improved, but the foundation of chemical enterprise asset liability ratio remained high; inventory / current assets and accounts receivable / liquidity ratio decreased, the use efficiency of funds and liquidity improved.

The fine molecular industry still has more than half of the net profit year-on-year growth. Petrochemical and basic chemical in 31 sub industries, owned by the parent net profit growth was 17. Inorganic salt, fluorine chemical, petrochemical, and other nylon oil sales and warehousing, other chemical raw materials, polyurethane and other chemicals, chlor alkali, silicone growth of more than 50%; nitrogen and phosphorus chemical industry, oil field service, polyester, spandex, rayon, oil, fertilizer reduction rate of more than 50%.

PVC industry at home and abroad in recent years a large number of high cost and low production capacity has been greatly out of new capacity less, lowering the cost and benefit of electric PVC technology innovation stone brings, the PVC can be improved in the supply side. At the same time, benefit from the domestic infrastructure construction and real estate investment underpinning the economy, the demand side is also higher than in previous years has been greatly improved. The future supply side keeps constant and the demand side benefit of real estate cycle (1-10 month data is still considerable) lag (lag 6-12 months) and overweight will maintain high economic infrastructure. Paint, waterproof materials, glass fiber, adhesive property and infrastructure supplies will also be with the real estate cycle and infrastructure lag force and demand increases.

[hot] Gade chemical network daily China Rubber Industry Association vice president and Secretary General Xu Wenying suggested that in the face of trade friction intensified, the RMB exchange rate volatility situation, tire enterprises should be based on China’s domestic market, taking into account the foreign market, to brand and high value-added products.

Domestic tire enterprises are worrying Chinese Rubber Association said

Chinese is tire market by the world’s largest car market and car tires, but the market is still foreign brands play a leading role. The domestic tire brand still can not get rid of the status quo of low price competition, in R & D, manufacturing and other areas are lagging behind international brands.

Automobile tires, tire market, China tire, domestic tire

International giant to speed up the layout of China

Multinational tire companies with strong capital, advanced technology, occupy absolute advantage in the domestic car and light truck tire market.

Foreign enterprises occupy about 70% share of the passenger car tire market, local enterprises only share about 30%, but mainly concentrated in the replacement market in supporting the market share is very low.

At present, both domestic and international market, still be Michelin, Bridgestone, Goodyear, HANKOOK, Pirelli, Dunlop and other international tire giants dominate. These international giants are speeding up the China tire market layout. In the global tire sales performance of the top ten U.S. tire as example. In 2006 the company entered the China market in China, the establishment of Cooper Tire (Kunshan) Co., Ltd., and Cooper Tire Asia Technical center.

Recently, the company also has a new action, the joint venture to set up a new company in Qingdao. GM CEO and President Bradley E. Hughes said: “the rich Cooper steel tire supply sources, but also for the China market show of confidence.” In addition, with more than 3000 retail outlets of the tire in China, accelerate the establishment of experience center in key city, and embrace the Internet business, enhance channel capacity and enhance the consumer experience, to seize the market Chinese.

Independent brand hukouduoshi

In October 25th the United States WTI oil prices down 0.56 U.S. dollars / barrel, fell below $50 a barrel, closing $49.96 / barrel; the British Brent closed $50.79 / barrel, down 0.67 U.S. dollars / barrel.
The international oil prices fell again, there are many factors play a role. Beijing Wednesday morning, the American Petroleum Institute (API) released data show that as of October 21st week, the U.S. API crude oil inventories increased 4 million 750 thousand barrels, had expected to increase 800 thousand barrels, the former value decreased by 3 million 788 thousand barrels; on the other hand, Russia and Iraq against the “frozen” also let the market fluctuate.
The prospect of this November led by Saudi Arabia OPEC crude oil production agreement to become frozen whirling.

“Is not OPEC and OPEC producers to work limited production, limited production of OPEC non cooperative topic, without the participation of the United States is meaningless.” A central rate of the oil experts said: “the U.S. shale oil production as a small regulator, when oil prices below the cost of production, the shale oil producers will temporarily shut down drilling, if the OPEC and other non OPEC limiting the rebound in oil prices, shale oil producers will immediately return to the market.”
International oil prices fell at the same time, China crude oil imports continued to increase in October 13th, China customs data show that the record high crude oil imports in September rose to 33 million 60 thousand tons of crude oil, about 8 million 80 thousand barrels / day, an increase of 18%, imports of crude oil to become the world’s first Chinese.
Whirling oil

Provide statistical data according to the General Administration of customs, in September 2016 China’s titanium dioxide imports 14777.642 tons, down 29.84%, an increase of 11.56%, the average import price of about 2614.3 dollars / ton, 2016 1-9 month white total imports 136418.26 tons, down 15.51%. In September 2016, China’s titanium dioxide exports 63106.955 tons, an increase of 56.13%, a decrease of 3.54%, the export price of about 1780.11 dollars / ton, 2016 1-9 month total exports of 540603.305 tons of titanium dioxide, an increase of 35.98%.

strengthen the emergency supply security, this heating season, 100 kilometers outside of Beijing natural gas pipeline construction will be completed. At the same time, based on the original emergency reserve, Beijing city will purchase 900 million cubic meters of liquefied natural gas from france. Beijing Youth Daily reporter 26 from Beijing gas group learned that the upcoming heating season natural gas consumption will hit a record high, reaching 11 billion 300 million cubic meters.

It is reported that, in order to strengthen the heating supply, the periphery of Beijing Hebei, Tianjin area is building a total length of about 100 km pipeline, and will be completed in the winter heating season, will increase the transmission capacity of completely natural gas in Beijing. At the same time, Tianjin Dagang Dazhangtuo Underground gas storage 3 billion cubic meters of natural gas reserves has been completed, the emergency supply for heating season.

And based on the original emergency reserve capacity, this winter gas group will be from the French ENGIN company bought ten ship liquefied natural gas, a total of 900 million cubic meters, will be used to supplement the required emergency. It is reported that this is the largest of Beijing city to buy liquefied natural gas from abroad. These will be stored after the landing of liquefied natural gas receiving station in Hebei Caofeidian liquefied natural gas, with the use of.

in 2016 and the Guizhou area, planting of agricultural product price is generally not high, resulting in overall sales difficulties encountered in chemical fertilizer. In the fierce market competition, the majority of distributor sales this year than in previous years has decreased compared to the same period, the profit is further diluted. If the price impact of this year’s crop next year, then the dealer will continue.

The difficulties of agricultural products: the lowest volume, difficult to sell fertilizer

Guangxi fruit yield is very high, but the effect is not very good, especially in a slight deficit state of banana.

8-9 in the banana purchase price at 2.5 yuan / kg price, but in the late banana concentrated picking season, limited to super banana, rising transportation costs 20%-30%, causing banana farmers panic, transportation of tension, a serious blow to the banana farmers harvest, banana prices suffered cliff style decline, prices fell to below cost price.

The recent benzene phenol bisphenol A is a powerful rally. Look at the downstream of bisphenol A can follow up, bisphenol A market has been around in the fry up atmosphere, benzene and phenol ketone rising upstream, cost support is strong, and the market is tight spot, city firm intention, but the downstream epoxy resin factory follow up weak, high transaction is not easy, trading is slightly stalemate.

The main downstream small and medium-sized phenol resin plant Ba

Affected by environmental factors such as pressure, thorough investigation of the cost, many factories digest inventory downstream resin, the lower part negative or ahead of the planned parking, active buying interest is not high, a substantial demand for phenol co..

Comprehensive view: The recent positive shocks of phenol, the main source of strong support from the raw material benzene. At present, the downstream for the high phenol resistance is strong, still need some time to digest the recent phenol increase, demand downturn is an important factor restricting phenol Market rising. The short-term market continued high and volatile phenol, raw material benzene trends, changes in supply and demand side and enterprises still need to pay close attention to the news.

for nearly a month, total phenol manufacturers rose 2000 yuan / ton to 8400 yuan / ton phenol factory, the pace of rising big step forward, then who is driving up the pace to phenol, phenol from declines to reverse the uplink?

In early November, Takahashi Petrochemical phenol prices at 6400 yuan / ton, and look at today’s prices, a month’s time, total phenol manufacturers rose 2000 yuan / ton to 8400 yuan / ton phenol factory, the pace of rising big step forward, then who is driving up the pace to phenol, phenol by the decline reverse the uplink?

This is undoubtedly one of the largest credit should be attributed to the raw material benzene.

In November, the relationship between the price of pure enterprise and market appear larger changes, the uplink speed, and the price gradually opened. From the beginning of November to today, a total of benzene company listing price increase 2300 yuan / ton to 7700 yuan / ton, the market basically showed a continuous upward trend, stock volume insufficiency and sellers cover plate is to promote the cause of the high reported characteristics.

The rise of domestic manufacturers of benzene, phenol, profit margins have been squeezed, the cost pressure doubled, especially phenol manufacturers produced some of the raw materials, to keep up the pace of benzene to raise prices, shippers offer also will climb. In early October, the phenol benzene spread at 2450 yuan / ton, while the phenol benzene price only 700 yuan / ton, the manufacturer does not exclude phenol up to the possible cost pressures.
From the industrial chain perspective

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%. The 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, aromatic hydrocarbons, PTA, PVC 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.

Total profit of 76 billion 140 million yuan, down 62.1%; manufacturing industry realized profits of 4 trillion and 174 billion 380 million yuan, a total increase of 13.5%; electricity, heat, gas and water production and supply industry realized a total profit of 387 billion 540 million yuan, down 3.6%.

1-9 months, in 41 industrial sectors

31 industry gross profit increased, a decrease of 10. As the main industry profit situation: coal mining and washing industry gross profit increased by 65.1%, Agro food processing industry increased by 7.9%, 4.2% growth in the textile industry, petroleum processing, coking and nuclear fuel processing industry increased 2.6 times, up 13.1% chemical raw materials and chemical products manufacturing, non-metallic mineral products industry grew 9.3%, ferrous metal smelting and rolling processing industry an increase of 2.7 times, non-ferrous metal smelting and rolling processing industry increased by 33.2%, special equipment manufacturing industry grew 5.8%, 13% growth in the automotive industry, electrical machinery and equipment manufacturing industry increased by 13.1%, computer, communications and other electronic equipment manufacturing industry increased by 16.7%, general equipment manufacturing industry fell 0.8%, electricity, heat production and supply industry decreased by 5.7% the oil and gas industry, profits from the same period.

1-9 months, above scale industrial enterprises