In November 1st, Reuters reported that Switzerland, China chemical group issued a statement Tuesday said it will release fourth times to extend the validity of Syngenta $43 billion cash offer, to January 5, 2017.

The report said, China chemical in a statement said, hoping to get regulatory approval has not been reached in the first quarter of 2017.

Previously, Syngenta said, is to provide a large number of additional information in accordance with the requirements of regulatory agencies to the European Union and other regions, accept the comprehensive inspection, Chinese chemical and Syngenta still completely committed to promoting the transaction, and is confident to complete the transaction.

This is the acquisition of the fourth extension.

Don’t try to drugs by virtue of their willpower to overcome drug! The drama of the plot and so on are deceptive. Because after taking the drug, will gradually form a balanced state while under the influence of drugs, restlessness, anxiety, nausea, vomiting, abdominal pain, diarrhea and so there will be disabled once. The drug would get short of excitement, but also the destruction of people’s nerve center, long-term drug abuse and even threat to life, if women are pregnant again during the period of drug abuse, it is likely to remain malformation.

The drug has devastating harm to personal, social, national, national strict law enforcement is to people’s life and property security.

For the manufacture of drugs people, drug addicts suffering and losses they can disregard, people drug dependence on drugs is the source of their interests to benefit to the streams of people busily coming and going, “breaking bad” in the hands of the technology, for this is devoid of ill-gotten gains, as a man of conscience.

According to the law, violations of law, strict law enforcement, drug abuse, drug manufacturing areas should in the “iron fist” attack, ruthless, to make “breaking bad” this despicable profit means there is no place to flee.

Ethylene glycol market size, number of enterprises, industry position is very important

But at the same time, price fluctuations, the industry average profit is only about 5%, to cover price volatility, industry hedging demand is very strong. The polyester industry enterprises currently only use PTA futures hedging, only part of the cost of raw lock. If the ethylene glycol futures market, enterprises and traders can hedge through the futures market, risk aversion caused by price fluctuations in the stock trading.” Some people in East China, glycol futures market and brother varieties complement each other, can make a more complete industry chain hedging, contribute to better play the function of related species.

But from the listed plastics, PP, PTA, methanol and other chemical species experience, before and after listed futures, the spot market price volatility does not appear significant growth or significant differences, instead, the futures tools can better achieve stable operation of enterprises.

It is understood that, at present, the ctmeg product launch time is not long, the quality is not stable. At the same time, generally small scale ctmeg enterprises, production is not stable enough, lack of capacity can not meet the most continuous and stable downstream polyester enterprise consumer demand. Therefore, polyester enterprises failed to widely accepted ctmeg products as raw materials. From ethylene glycol futures contracts and the draft rules learned that because of the market circulation of ctmeg can not reach the delivery quality standards, will not enter into the futures market.

Market participants believe that the futures market, to a certain extent, can promote the ctmeg the continuous improvement of product quality, and ultimately gained wide acceptance of the downstream polyester enterprise. Through the listing of glycol futures can be market-oriented means to promote coal chemical and petrochemical production capacity and balance.

“Although the glycol high external dependence, but does not have a monopoly of the spot condition.” Shen Ning said. From the import share, related enterprises do not have the absolute monopoly of the market. At the same time, since 2010, affected by the domestic production of ethylene glycol device factors, the main source of imports such as Saudi Arabia and Taiwan imports accounted for the proportion of China’s consumption decreased year by year. From a global perspective, the overall excess production capacity of ethylene glycol is more obvious, the operating rate decreased gradually. With the future of the new production capacity, excess capacity may be more obvious, but do not have the monopoly in the market environment.” An industry experts said.

The ethylene glycol on futures, is expected to improve the domestic market pricing right.” The industry said, due to the formation of the price in the futures market can truly reflect the supply and demand situation, can provide a reference price for the stock market, is conducive to the formation of a guide to foreign suppliers and restrain the price standard, improve the domestic ethylene glycol market initiative.

in the twelfth China (Shenzhen) International Futures conference of the “Dalian commodity exchange special”, glycol futures contracts and the draft rules of market debut.

In recent years, ethylene glycol market spot price fluctuations have been larger, the industry hope glycol futures market, the enterprise can through hedging in the futures market, the market price risk to resolve the use of market-based instruments.

“From the external environment, in early October, the crude oil market strong run, then the RMB exchange rate continued to depreciate and the overall atmosphere of the hot commodities, led to the recent rise in ethylene glycol. The fundamentals, the arrival of the port has been at a relatively low level, reduce the overall inventory level steadily, the total base is less; the demand side, the downstream polyester factory construction, production and sales, and overall cash flow is more comfortable, the product itself and end a virtuous cycle.” A trader in the East China region said that the recent rise in the price of ethylene glycol is mainly supported by the fundamentals and the external environment of the drive.

“This year, imports of ethylene glycol reduction of 1 million tons.” Anxunsi information manager Shen Ning said that due to foreign and domestic self-sufficiency rate of centralized maintenance device, slight increase of demand in the second half in the first half of the year and led to the recent rise of tight supply of ethylene glycol.

It is reported that, in recent years the glycol spot price fluctuations have been larger, 2010-2015, ethylene glycol annual fluctuations in the price of up to 50%, industrial customers to avoid price risk will is very strong, but only through the local class futures market hedging. “Select the electronic trading platform, our enterprise is helpless choice, if there are futures, we must to the futures market hedging.” An industry source said.

OPEC output to reach an agreement for the first time in eight years

A number of authoritative research institutions pointed out that sound, its significance is more confirmed international oil prices are expected to bid farewell to the bottom, long-term below $50 range.

But oil prices rebounded striking one snag after another. Just yesterday, oil prices fell behind, investors focus on drilling activities rising on this issue. At the same time, the producers of OPEC and non OPEC meeting over the weekend has become the focus of market attention. In addition, the recent comments suggesting that it will on the traditional approach to preserving the share price is still bored.

Monday (December 5th) published by Reuters survey, November OPEC crude oil production in October increased 370 thousand barrels per day to 34 million 190 thousand barrels a day of record, because Iraq OPEC the second largest oil producer in the rebound in exports, while Nigeria and Libya’s crude oil production has been partially restored, October production of 33 million 820 thousand barrels / day. OPEC has just thrown to the market determined to cut the test again.

According to statistics, the domestic commodity futures market yesterday chemical industry Plate outflow of funds 170 million yuan, about 5 million 850 thousand hand positions 65 thousand hands, lighten up. Yesterday, the largest outflow of funds for the coal sector, the outflow of funds 320 million yuan, capital inflows for the largest non-ferrous plate, the inflow of funds 210 million yuan.

Shocks will is the main theme

Some analysts believe that the recent oil price of chemical industry Products to support the market significantly, the recent domestic superposition chemical industry Continue to promote the market supply side structural reform, chemical industry Market focus of uplift in reason; but with positive cash, the supply and demand situation is still uncertain, oil and suspended in the city chemical industry The above goods market oversupply this “Damour Damocles” has not been lifted, the market shock is inevitable.

The current, chemical industry The weather could continue?

Finance recently, the domestic ethanol market still has some wine enterprises for environmental inspection and other reasons parking maintenance, supply, the trend is not a wait-and-see, industry mentality. The factory price is less, the price volatility is not the alcohol market.

In December 5th, part of the domestic ethanol market overview:

Wait and see the alcohol market stability in Shandong, ordinary wheat alcohol price mainstream discussion at 4700-4750 yuan / ton tax, general level of cassava ethanol price mainstream discussion at 4600-4700 yuan / ton tax, high corn alcohol mainstream discussion to 4800-4900 yuan / ton tax, downstream receiving goods stable, market trading temporarily.

Jilin area ethanol consolidation, the current market mainstream transaction price: ordinary corn ethanol mainstream price 4350-4400 yuan / ton tax, high corn ethanol mainstream price 4400-4500 yuan / ton tax, ethanol mainstream price at 5100-5200 yuan / ton, the stock is not much, weak downstream inquiry atmosphere.

Guangxi COFCO biomass energy Co., ethanol prices, edible ethanol price increase 50 yuan / ton, 5400 yuan / ton, ethanol prices unchanged at 6300 yuan / ton.

The consolidation of cassava ethanol market in South of Jiangsu area, ordinary alcohol mainstream negotiate prices in 4750-4850 yuan / ton tax, anhydrous alcohol to mainstream price 5400-5450 yuan / ton tax since, wine prices more stable delivery, the execution of the contract.

Cassava alcohol market in North Jiangsu narrow finishing, ordinary tax offer in 4630-4680 yuan / ton tax, high alcohol in 4720-4750 yuan / ton tax, ethanol mainstream price 5220-5300 yuan / ton tax, high yield increased slightly, the downstream receiving goods to maintain demand.

Market summary: the new season the amount of corn before the arrival of the peak, feed demand continues to be weak, deep processing enterprises strong wait-and-see attitude, the market outlook continues to rise space limited. This week, the domestic market of ethyl acetate market continues to rise, but the rise is not a mainstream market. The ethanol market is consolidation, market demand has not improved, the wine enterprises shipped flat, ethanol is expected short-term market volatility is not.

finance and the current domestic corn market has to return to reason, and in the northeast corn market volume amplification, to further expand the downstream demand for fear of weakness in the case, the local area prices may continue to decline. The general demand for downstream products, goods fair. Is expected in December food grade xylitol market consolidation.

In December 5th, the domestic parts of xylitol market overview:

Shandong Futian Pharmaceutical Co., Ltd. offer for 25000 yuan / ton.

Zhengzhou Longsheng chemical products Co., Ltd. offer for 25000 yuan / ton.

Ji’nan healtang biotech Co., Ltd offer 25000 yuan / ton.

Jiangxi Zhen ran biotechnology limited company offer 28000 yuan / ton, turnover constant single.

Market summary: November domestic food grade xylitol market overall is relatively stable, no significant fluctuations in market prices. At the beginning of November, the domestic food grade xylitol market has been in a steady light, the market is relatively stable, some enterprises reflect the market for the better, but the price did not make a significant adjustment, the market price remained stable, and individual enterprises to stop bidding.

Finance recently, the domestic market by raw materials cost effect is very high, the trading floor atmosphere was active at the beginning of the month, traders more profitable shipments, 11 month continuous increase in spot prices of adipic acid manufacturers, distributors market cautious, cheap sell mentality is heavy, the downstream users of raw material price of adipic acid the rapid upward wait-and-see attitude, multi demand procurement.

In December 5th, the domestic parts of oxalic acid Market overview:

Shandong supply spot prices in the 9500-9600 yuan / ton.

Jiangsu spot price in 9600 yuan / ton.

Liaoyang supply cash offer in 9800 yuan / ton.

Market summary: November, adipic acid market all the way up, 11 months late in the 300 thousand tons of production equipment, increase market supply, other manufacturers are under the current market device is stable, relatively abundant supply of adipic acid; the chain rose sharply, adipic acid manufacturers very price strong intention of downstream users receiving high resistance, was forced to rise market.

December is expected to continue to push up the cost of adipic acid market, prices Zhangfuquhuan, overall warmer operation.

The central branch of Sinopec Changling refinery, xylene: Wuhan petrochemical, China Petrochemical 4700 yuan / ton, the market is weak, supply of goods is not much, the general sales.

Sinopec East China sales company: BASF, Zhenhai Yangtze xylene solvent xylene quotation implementation of 5600 yuan / ton, price stability.

North China sales company Sinopec Qingdao refinery, Tianjin: xylene ethylene and Shijiazhuang refinery implementation of 4700 yuan / ton.

Operation of Liaotong chemical aromatics plant smooth, solvent and non-standard xylene heterogeneous execution price 5380 yuan / ton, inventory, sales, xylene market price stability.

Market summary: The recent price rise first and then decline and xylene stabilization, the end of the month the price stabilization, production has not reached an agreement, the crude oil market price is not to pile up in excess of requirement, boosted by crude oil prices are also difficult to break through the effects of xylene xylene, expected future prices rose steadily.

According to the National Bureau of statistics, due to lack of demand, prices fell, from 1 to March, coal mining and washing industry profits fell 41.2%, ferrous metal smelting and rolling processing industry decreased by 19.9%, non-ferrous metal mining industry decreased by 15.6%, non-ferrous metal smelting and rolling processing industry decreased by 13.6%, oil and gas extraction industry decreased by 6.3% 5, a decrease in total industry profit 39 billion 460 million yuan, down 17.7%.

According to media reports, a quarterly loss of large coal enterprises has been expanded to 44.4%. “Sell a ton of money less than six, even two bottles of drinks can not afford, and some companies even produced a loss of more than and 20 dollars per ton of coal, many companies have discontinued.”

From Fujian, mining machinery and equipment business in Inner Mongolia Baotou, Lin Hui said, with the mine shut down production, the mining equipment market two years getting smaller and smaller, earlier this year, he decided to leave the work for many years in Inner Mongolia.

This is mainly in the energy and chemical production provinces considerable impact. As the energy industry in Heilongjiang Province, the proportion of the energy industry is very high, but a quarter of the energy industry growth rate of the first negative growth of -2.2%. The added value of negative growth oil accounted for 50% of above scale industrial proportion about Daqing appeared over the years never had.

Reflected in the economic growth, a quarter of Heilongjiang GDP growth rate of only 4.1%, only 4.2% of Hebei Province, Shanxi coal is only 5.5%, the growth rate over the past more than and 10 years has lead the country in Inner Mongolia, the growth rate of only 7.3%, lower than the national average.

Hu Xiaodeng said that the current situation to make upstream downstream loss is not absolute. “Two or three years or 35 years may also be a reincarnation.” Under the laws of the market, the upstream energy and raw material prices fall, will lead to the withdrawal of part of the capital, reduce production in the future as demand stabilized, prices are likely to rise again.

He believes that the energy and chemical flagship of the province, in the upstream industry downturn, to adjust the industrial structure itself to a single energy based, full of its own industrial chain, strengthening the building part of the new pillar industries and main industries, restricting the breakthrough of traditional single resource-based industries.