at the end of November at the Vienna meeting, OPEC members for the first time in 8 years to reach agreement to cut the market by surprise, bullish factors to stimulate the international oil prices in recent days continuous pulled. Among them, New York crude oil from the $45 / barrel rose to $52 / barrel, a record high since July 2015. Although OPEC will help ease the problem of excess supply of crude oil, but there are also concerns about the industry supply and demand pattern of its good painstakingly created will also benefit to recovery of shale oil, shale oil in the U. S., weaken the positive effect brought by OPEC, ultimately limiting the rise in oil prices space.

The dollar rate hike cycle has been formed

On Friday, the U.S. Department of labor released payrolls continued to show good momentum. Although 11 seasonally adjusted nonfarm payrolls increased by 178 thousand, lower than the expected increase of 175 thousand, but the latest statistics, the unemployment rate is only 4.6%, lower than the expected 4.9%, the lowest level since August 2007.

Due to the strong performance of the U.S. economy (a series of economic data released earlier, including inflation, manufacturing, market and consumer spending are good), almost certainly the Fed will raise interest rates in December. It is understood that the earlier Bloomberg statistics of the federal funds rate futures market implied probability of investors betting on December the Fed rate hike may be as high as 100%. most market participants generally expected, the Fed will be in the next week (Beijing time in December 13 – 15 days) the first rate hike at the FOMC meeting in progress during the year (- 0.75% to 0.50%). Although the dollar index appeared high pullback, but in the long term, the dollar rate hike cycle has been formed, the negative control on oil prices would not disappear.

It is difficult to achieve the desired effect of production

After months of debate, members of OPEC in week three output to reach an agreement, agreed that since the beginning of January 2017 will cut 1 million 200 thousand barrels a day to 32 million 500 thousand barrels, but the production rate is equivalent to only about 1% of the global output.

Specifically, OPEC’s largest oil producer Saudi Arabia agreed to spare, greatly reduce the production cut of 486 thousand barrels a day, down 10 million 60 thousand barrels, Iraq’s second largest oil producing countries also agreed to cut 210 thousand barrels a day, down 4 million 351 thousand barrels. In addition, non OPEC members Russia unexpectedly also agreed to cut output by 300 thousand barrels a day, contrary to market expectations. However, Iran is not in the production list, but was allowed to increase to 3 million 900 thousand barrels per day.

In 2016 China’s TDI consumption is mainly concentrated in the downstream areas, sponge and products it is understood that the sponge accounted for 73%, accounting for 15%, 6% coating sealant, elastomers and other products accounted for about 6%. Statistical data, the apparent consumption of about 684 thousand tons in 2016 China TDI, compared with 656 thousand and 800 tons in 2015 4.14%. growth is expected in 2016 TDI a slight increase in the amount of consumption in 2015. However, this situation will be restricted in 2017, because the future of real estate investment growth will slow further, sponge, elastomers, adhesives and other downstream market becomes weak, the market demand of TDI next year.

Analysis of import and export

In 2016 1-10 month domestic TDI total imports reached 16580492 kg / kg, the average import price of $2.16, representing a decrease of 72.4%; 1-10 month 2016 domestic TDI total exports reached 120583585 kg, representing an increase of 60.2%, the average export price of 1.75 U.S. dollars / kg.

The import situation analysis, TDI imports continue to decline this year. It is reported that in 2015 the domestic TDI is mainly imported from South Korea and Japan, after the abolition of anti-dumping tax, Japan once again poured into the supply, but due to poor overall domestic market last year, annual imports declined TDI. Surprisingly, despite the 2016 TDI market improves, imports are still less than last year.

2015-2016 year 1-10 month TDI domestic import and export data comparison

The export situation analysis, this year TDI was good in exports last year, mainly concentrated in the second half of this year, this year showed that the domestic TDI capacity is good, it is understood that in 2016 Chinese TDI production capacity reached 840 thousand tons; output is expected to reach 810 thousand tons. We can see that in 2016 the domestic TDI yield growth significantly, the operating rate of TDI increased significantly, indicating that TDI industry development will tend to balance supply and demand.

In summary， Weak trend of upstream raw material market, the downstream market demand is not enough to support, is expected in 2017 Chinese TDI price trend is still weak.

for nearly three years, the domestic TDI prices continued to hover at 12 thousand -1.7 yuan / ton, the domestic TDI prices this year occurred in the most powerful eruption in October hit the supply of raw materials encountered Koth nitrate force majeure, TDI prices exceeded 50000 yuan / ton, compared with the average price in 2016 1-10 months last year growth of 34.03%.

This is a phase jump, by the end of December 6th, with the recovery of the domestic and foreign enterprises driving device, the tight supply situation has eased, TDI prices have been gradually return to rational, the domestic price fell to 20 thousand yuan range, the monitoring data of HC Chemical Network in East China shows, the price set at 28600 yuan / ton, the price in East China 28000 yuan / ton, East China is priced at 28700 yuan / ton.

2015-2017 domestic TDI price trend

TDI analysis of rose
2016 foreign TDI device maintenance shutdown, fault, caused by the international TDI market supply shortage, the domestic TDI products are exported, resulting in the imbalance between supply and demand in domestic market. From the beginning of the end of March this year, the international TDI market tight supply, foreign users have come to domestic procurement, because this year the TDI export side also led to domestic TDI supply and demand imbalance, the domestic product is out of stock, prices have risen TDI.

In December, by the upstream toluene effect, TDI price rising state weakened, analysis from the supply side perspective, the steady supply of toluene in various regions of our country. East China toluene Market, buying up not smooth, clinch a deal the stalemate; Southern China toluene market buying wait-and-see; North China Trading atmosphere light, the real single transaction is not much, expected future domestic market will trend to maintain a narrow range of toluene.

Weak demand

February 8th morning news, according to reports, European regulators are increasingly aware of the Dow Chemical DuPont Co and a $60 billion merger plan, will damage the field of agricultural chemistry research and development expenditures, they are ready to send a formal objection to the two companies list.

Informed sources said:

The EU will soon send to the two companies this week called the statement of objections, and proposed two innovative crop protection products manufacturers may hurt the industry’s concerns about the.

The European Union for the assessment process is not public, insider who requested anonymity. The worry also includes packaging, chemicals, seeds and related licensing matters.

Informed sources said that the Dow and DuPont believes that innovation can solve the problem, does not interfere with the transaction. The two have been informed of the EU, any cost cuts would not lead to a reduction of only reduce duplication.

Why the European Union to suspend the audit?

The Dow and DuPont said that the merger of the two companies, and then split into three independent companies, respectively, focus on agriculture, material science and professional products, will bring $3 billion in cost synergies. After the two audit, suspended for more information to the two companies, the merger has been postponed to next year.

Public data shows, acrylic acid is the organic synthesis of raw materials and synthetic resin monomer, the polymerization rate is very fast, vinyl monomer, flammable, corrosive and toxic, its vapor and air can form explosive mixtures, in case of fire, high heat combustion caused the explosion.
The car had stopped after the on-site disposal of leakage. According to expert opinion, the danger transport vehicle to take measures from transport, to 11 pm the same day the scene cleared.
After the incident, Hui Yan expressway was blocking the road, road traffic was back to 11:22 pm.

The tree is silent, looking at. Then, he looked at the leaves falling at his feet. In fact, it has been used to be?

Leaves silently lying at the foot of the tree, deep sleep, there is a group of saprophytic bacteria and fungi to the leaves around, they are cruel, is actually a way of love. They say the leaves decomposed into inorganic, inorganic returned to the environment. The decomposition of is a direct effect on the emotion of the.

The tree is not sad, because he knows that in fact leaves did not really leave, never.

This way of thinking, watching the autumn leaves, and did not seem to be so sad. The biological nature, actually quite a love.

They use the sun to bring blessings, will be made of inorganic organic compounds, and converts light energy into chemical energy stored in the organic matter, and it is the sun to bring their nutrient, so they can grow together. Of course, in fact, they cannot do without the other side directly or indirectly produced by plant organic matter.

In fact, they all know that the survival law of nature, they are separated in autumn season. The autumn wind blowing gently, with a coolness, the leaves have already begun old, time that they lost the original color.

The tree leaves touching the face, smiled and said: “I want to go”.

review: everywhere in nature of the biology, from the ancient poem “the rose is not heartless, more into the flower”, now spring has not, in autumn and winter season, Akiba Lei can not help feeling, “the total mercilessly”, but is instead of thinking, a heartless love.

Yinianzhiji is spring, spring breeze, blowing out the life. This lonely long trunk at the branches out of the bud, can not help but a burst of joy, a new leaf trunk like have to live every day to hear the singing and laughter will be.

As temperatures rise, the leaves are grown up, with the trunk flavor dependent, swaying in the wind, it should be the lyrics: “you are the wind, I am sand, Chanchanmianmian around the world.” However, a tree trunk, a leaf, which is a true Chanchanmianmian Nanshenanfen affair.

In September 6, 2016, China chemical announced that once again extend the offer period to November 8, 2016 syngenta.
China chemical industry said that the offer to meet all the conditions of the offer, including all relevant regulatory approvals.

Previously, insiders said that the acquisition of the acquisition of chemical Chinese Syngenta depends on the country’s anti-monopoly review and approval, the approval of the Committee on foreign investment in the United States is the most important. In August 22, 2016, China chemical announced that the Committee on foreign investment (CFIUS) approved the acquisition of China chemical Syngenta transactions.

Two In February 3rd 016, China chemical announced through a public offer to acquire Swiss Corporation Syngenta, equity price was $43 billion.
In May 17, 2016, Chinese chemical industry said that due to some regulatory approval is not completed, the acquisition of valid Chinese chemical group began to extend to July 18th since May 24th.

In July 11, 2016, Chinese chemical industry group announced the acquisition of Syngenta’s offer until September 13th.