September 21, 2017 MB cobalt offer:

Cobalt (Co: ≥99.8%): $ 29.85 / lb, up 0.51% from the beginning of the week;

Cobalt (Co: ≥99.3%): 29.3 US dollars / lb, steady earlier than the beginning of this week;

September 21 Cobalt Commodity Index was 155.34, up 0.6 points from the previous day, down by 0.27% from its highest point in the cycle at 155.76 points (2017-09-04), up from 69.84 points on Friday, July 06, 122.42%. (Note: cycle refers to 2011-09-01 so far).

MB quotes are quoted by the independent quotation body of the British Metal Guide (MetalBulletin referred to as MB) on the basis of quotation traders and suppliers. Weekly MB will be reported twice the price. This pricing mechanism is not transparent, easy to lead to market manipulation. Although this pricing mechanism has been criticized, LME also tried to replace the MB cobalt pricing mechanism through cobalt futures, but the actual effect is not obvious.

September 21, the US regional ethylene market closing price fell $ 5.5 / ton, FD US Gulf prices closed at $ 700-710 / ton.

September 21, the Asian region ethylene market prices stable, CFR Northeast Asia closing price unchanged, to close at 1319-1321 US dollars / ton; CFR Southeast Asia closing price unchanged, to close at 1204-1206 US dollars / ton.

September 21, the US styrene market FOB US Gulf reported 60.8-61.3 cents / lb, FOB US poster 1337.6-1348.6 US dollars / ton.

September MMA market Xianyihouyang, signed this month, the contract price, some manufacturers lower offer. But only a few days after the completion of the contract signed a few days, the East China secondary market prices generally raised 300-500 yuan / ton, low prices difficult to find, trade market prices to reproduce a slight upward trend, then the latter part of the market will be how What about change?

In September a number of factory parking maintenance supply surface continued tension

The recent tight supply of the market does not change, the supply is more limited. Factories, the current Jilin Petrochemical MMA device operating rate remained only 5 percent near the supply is very limited. Although the Hongxu MMA plant is running smoothly and the load is high, but because the factory in September to reduce the contract price, orders increased from the previous period, so the supply is more tense. Shanghai Lu Cai special MMA device scheduled for September 15 overhaul about 10 days, combined with the US Lucite special plant affected by force majeure, the device started poor, lack of product production, Mitsubishi Group plans to deploy within the global supply to supplement The US production gap, so the Shanghai Lu Cai special late on the domestic supply will be greatly reduced. According to market sources, the current factory only to maintain the supply of pre-contract users, has basically no spot sales. Dawei Shengrong 20,000 tons / year MMA device on August 1 parking, deadline has not yet started operation, the current manufacturers are actively preparing to start preparation, but the specific driving time has not yet been determined.

Traders, the middle and late August to early September, the market price center of gravity down. Affected by some of the market volatility of the larger market outlook, bearish on the market outlook, some small and medium traders fear prices continue to fall eager to Paohuo clearance, pocket for security, coupled with insufficient supply of short supply, available for sale is very limited inventory. The recent market price side to pick up, part of the venue holdings optimistic about the development of the market outlook, that the price or will return to high, so the reluctance to sell plate, the price elevation.

Downstream inquiry increases the purchasing enthusiasm to pick up

On the one hand a month of the fourth round of environmental protection inspection work is coming to an end, environmental protection inspection team will gradually withdraw from Jilin, Zhejiang, Shandong and other provinces, part of the downstream factory ready to return to production for raw materials increased demand. On the other hand due to pre-market price movements down, some downstream users there “buy up or not buy” psychological, more cautious procurement, with the use of the main purchase, there is no excess inventory of raw materials, and the recent market price signs, Manufacturers have increased the intensity of the purchase, procurement initiative picked up, the market demand side so improved.

New capacity is about to release a slight increase in recent export orders

According to market sources, Shandong Heze two sets of MMA device plans to run in late October to run, Saudi 250,000 tons / year MMA device is now the normal production, supply plans in November to China. Post-supply level will be improved. Export, the recent number of factories around the world MMA device parking or maintenance plans, MMA production reduction, coupled with the US dollar high sideways, I heard the recent export orders increased slightly from the previous month.

On the whole, the recent tight supply of the market as a whole, increasing the number of downstream inquiries, trade market prices appear tentative upward. But the domestic MMA production plant mentality is generally more stable, the price has not adjusted intention, the market price is expected to stabilize the small market, the proposed manufacturers pay more attention to the recent market changes, flexible operation.

China’s copper has a more dispersed distribution, low grade, selection and other difficult characteristics, and the majority of small, large and medium-sized mines less. According to the statistics of 2015, China’s copper concentrate copper production of more than 10,000 tons of copper mine only 18. This issue will be the 18 million tons of copper mine for a brief introduction to sort out.

First, China’s 18 million-ton mine

1, distribution and composition

China’s 18 million-ton copper mine from the geographical distribution point of view, mainly concentrated in the northwest (Xinjiang, Tibet, Qinghai, Inner Mongolia Bayannaoer), East China (Jiangxi, Anhui, Fujian), northeast (Heilongjiang, Inner Mongolia Hulunbeier), southwest Area (Sichuan and Yunnan).

China’s 10,000-ton copper mine is mainly concentrated in the large metal group, such as JCC (3), Zijin Mining Group (4) China Gold Group (3), Yunnan Copper Group (2), which Jinchuan Group Long Shoushan copper and nickel ore and China Gold Group of Hubei Sanxin gold and copper are associated copper, but the output comparable to the main copper mine, also classified as 10,000 tons of copper mine sequence.

2, resource status

At present, China’s 18 million-ton copper mine average ore grade 0.75%, the highest grade 2.3%, the lowest only 0.36%, the overall lower grade ore. Copper metal resources 31.63 million tons, accounting for the country to identify the amount of copper resources 32.6%.

At present, the Duobaoshan copper mine, Lara copper mine and some other mining mining will face changes in the veins to the pit mining change; pit mining will continue to deepen the scope of operations, Dahongshan, winter melon mountain and other mining depth has reached -1000m the above. The major copper mines are constantly overcoming the decline in resources in the deeper to increase the amount of resources to fill, to ensure that the mine service life.

3, production situation

As China’s copper mineral resources plaque did not lead to tons of copper mining cost higher than abroad (China’s 10,000-ton copper mine average cost of 33000-35000 yuan / ton), and social responsibility, historical burden heavier , With the copper concentrate copper demand gradually increased, in the face of self-sufficiency rate of the situation, thousands of tons of copper mines are currently in full production.

China’s 18 in the production of 10,000 tons of copper mine in accordance with the output statistics, 2015 copper concentrate copper content of a total of 61.51 million tons, accounting for only 39.5% of the total output. Among them, the copper concentrate with an annual output of more than 50,000 tons of enterprises accounted for 3, Jiangxi Copper Dexing copper mine ranked first, followed by China Gold Group Wu Nuogu Tu mountain copper mine, Jinchuan Group of the dragon Shantou copper nickel ore as a companion resources among the top three.

4, mining technology

18 tons of copper, 5 open pit mining, 3 opencast + underground mining, 10 underground mining (1 natural caving method). Among them, the Zhongtan Group copper mine is China’s only one of the natural caving method of the mine, the scale of production reached 700 million tons / year, large scale, high efficiency, low cost (operating costs are empty, filling Law 1 / 6-1 / 3, the production rate is about 2-5 times).

At present, China’s 10,000-ton copper mine in the beneficiation process, all using flotation process, but in the grinding and mineralization grading each for their own resources to make a different process of targeted processing.

5, mining equipment

Equipment assembly, large-scale production of large-scale copper mine in China’s large-scale production operations, part of the equipment to achieve large-scale, automated, intelligent and effective to improve production efficiency, but the old mine equipment construction is lagging behind the new mine.

In mining mining, large-scale mining equipment is significantly larger, high efficiency. 150 tons of copper metal production scale Dexing copper mine has 200 tons of tub, 35 square shovel than 80,000 tons of scale Wu Nuogu Tu Shan copper molybdenum ore 100 tons of tub, 10 side shovel more large, Of the mines are more to 15-35 tons of tub, 4-6 square shovel-based, pit mining operations in the scrapping and drilling and other international advanced equipment has been China’s 10,000 tons of copper mine to absorb and get a good Widely used, some large-scale mine shovels and modular drilling equipment has completely replaced the backward diesel engine equipment.

6, the new or expansion of the 10,000 tons of copper

China’s construction (expansion) of 10,000 tons of copper mine 7, involving the new copper concentrate copper content of 355,000 tons, will be in 2017-2018 to get a certain capacity release.

Second, the main problems and measures facing

China’s 10,000-ton copper mine with the increase in mining life, faced with reduced resources, increased depth of mining and other issues, combined with environmental responsibility, cost increases. At present, we must reduce the efficiency, prospecting and prospecting, improve the technical indicators to ensure that the output, the benefits of double standards, and in a deeper comprehensive stage, the production of many challenges facing the problem, is highly concerned about market changes, Based on the technology, to the digital intelligent, high efficiency and low cost, low pollution direction, the realization of the mine in a limited period of service quality and safety protection benefits.

According to the latest statistics of the National Bureau of Statistics show that in May 2017, China’s industrial added value above the actual growth of 6.5% year on year, unchanged from April; the chain grew 0.51%.

From January to May, China’s industrial added value grew by 6.7% year-on-year.

Sub-industry to see, in May, 41 categories of industry, 35 industry added value to maintain year-on-year growth. Sub-products to see, in May, 596 kinds of products in 408 kinds of products year on year growth.

January 2016 – May 2017 China’s exports of plastic products changes in the trend

Production situation

Statistics show that from January to May 2017, China’s plastic products production was 30.47 million tons, an increase of 3.8%; May month production of 6.746 million tons, an increase of 3.0%.

From January to May, the plastic production in the primary form was 35.371 million tons, up by 3.9 percent year on year. In May, the output was 7.181 million tons, up 1.7 percent year on year.

From January to May, the production of synthetic rubber was 2.299 million tons, up by 7.9 percent year on year. In May, the output was 497,000 tons, up 0.2% year on year.

Import and export situation

May exports of plastic products exports 25.19 billion yuan year on year increase of 14.4%

1 to May China’s exports of plastic products 4.54 million tons, an increase of 13.3%; export amount of 106.92 billion yuan, an increase of 22.1%. May exports 1.08 million tons, an increase of 13.7%; exports amounted to 25.19 billion yuan, an increase of 14.4%.

May imports of primary shape of plastic 25.55 billion yuan by 17.2%

From January to May, China imported 11.64 million tons of plastic in primary form, up 13.2% year on year. The import value was 134.0 billion yuan, up by 27.5% year on year. May imports 1.21 million tons, an increase of 3.4%; import value of 25.55 billion yuan, an increase of 17.2%.

May China’s foreign trade export index rose

In May, China’s leading export index for foreign trade was 41.1, up 0.4 from last month. Among them, according to the network survey data show that the month, China’s export managers index was 45.2, up 0.4 over the previous month; new export orders index, export managers confidence index increased by 0.6,0.4 to 48.8,50.9, the cost of export enterprises The index fell 0.3 to 22.9.

Expert interpretation

National Bureau of Statistics, Senior Statistics Jiang Yuan interpretation, said that in May, China’s industrial added value above the actual growth of 6.5% year on year growth rate and April flat. May industrial production operating characteristics are as follows:

First, the industry is basically stable growth. In May, 35% of the 41 categories increased by 85% in growth, compared with the previous month. Including electronics, automobiles, electrical machinery, general equipment, special equipment, medicine, instrumentation and furniture manufacturing industry continued to maintain double-digit growth.

Second, equipment manufacturing industry growth and last month was flat. In May, the value added of equipment manufacturing industry grew 10.3% YoY, and the growth rate was flat with April. Among them, the electrical machinery, automobiles, general equipment, metal products industry growth rate in April were increased by 1.6,1.1,0.7,0.2 percentage points.
From the production of goods, especially in new energy vehicles, new orders increased significantly, production began to recover; refrigerators, freezers, air conditioners, fans and other durable consumer goods growth rate generally higher than last month; mobile phone production by the same period higher base and this month Orders, emission reduction factors affect the growth rate down.

Third, high energy consumption industry production slightly down. In May, the six high energy-consuming industries increased by 3% year on year growth rate of 0.1 percentage points lower than in April.

Fourth, the product growth in the overall smooth, in line with the direction of consumer upgrades continue to maintain the rapid growth of new products. In May, 408 of the 596 products were up to 68.5% year-on-year. Among them, civil unmanned aerial vehicles, high performance chemical fiber, lithium ion battery, industrial robot, optoelectronic devices, urban rail vehicles, automatic teller machines, new energy vehicles, integrated circuits, solar cells, environmental pollution control equipment, SUV and other products are maintained Growing rapidly.

In March 2007, China’s sodium sulphite imports were 70,916 kilograms and the total amount was US $ 241331. February 2017 imports of 65,928 kg, an increase of 7.56%. Imports in the same period in 2016 was 74,334 kg, down 4.59% year on year.

28, 2009, the domestic market of sodium sulfite market atmosphere deserted, industrial grade sodium sulfate mainstream quote price of $2100 / ton, plant equipment running smoothly, the completion of the old customer orders based, basically no inventory. The raw material of soda ash, sulfur prices remain stable trend, no significant changes in the prices of raw materials under the premise, it is expected that the recent Na2S2O5 smooth operation of the market.

Along with the agricultural supply side structural reform, continuously adjust and optimize the structure of planting industry, in 2016 the province’s grain crop acreage continues to increase, to further improve the level of quality varieties, rapeseed, cotton acreage continued to shrink, vegetables and fruits, grains and the efficient agriculture planting area has increased, the advantage of planting areas, industries, high quality varieties were cluster the use of pesticides, the variety and amount of change.

According to the analysis of the occurrence tendency of crop planting structure in Jiangsu province and important crop pests, the province is expected in 2017 demand the use of pesticides and the same in 2016 the actual amount of pesticide. High efficiency, low toxicity and low residue amount of chemical pesticides and biological pesticides will further increase the dosage of insecticide, fungicide dosage of flat flat, slightly reduced, herbicide dosage will increase slightly.

The use of pesticides in 2016

In 2016 the province’s total pesticide use is about 77000 tons, 1100 tons less than the actual amount of 2015, down 1.4%. Its main features:

1.1 pesticides continue to reduce

In 2016 the rice pest was in a moderate, particularly two migratory pests is light to medium, the occurrence degree of light in 2015. According to the pest situation, carefully organized around the prevention, pay attention to scientific medicine, promotion of green control technology, using physical prevention and control measures, optimization of pesticide combination optimization and efficient low toxicity and residue of chemical pesticides and biological pesticide, promotion of Pymetrozine, nitenpyram, diamide with high efficiency and low toxicity pesticides, effective control of the pests, and reduce the the use of pesticides.

1.2 fungicide dosage increased slightly

2016 wheat scab, and occurrence of rice sheath blight on rice blast occurred on the medium. According to the disease condition and scientific medicine, around the prevention and effective control of the disease. At the same time as the government procurement yipensanfang pesticide, effectively expanding the use area, coupled with the appropriate increase of Mu dosage, fungicide and dosage increased slightly.

1.3 new herbicide dosage went

There is a perennial weeds in rice fields on 2016, the occurrence area increased slightly in direct seeding rice weedy rice, thousands of gold and weeds weed control area increased demand. But because of too much rain in some areas, paddy not suitable period of medication, thus reducing the five fluorosulfonyl acetochlor and Cyhalofop butyl, five fluorine? Cyhalofop, Metamifop and other new herbicide dosage, leading to reduced the amount of herbicide use.

1.4 high efficiency and low toxicity pesticide residue application increased the proportion of

According to statistics, in 2016 the main crops on high efficiency and low toxicity pesticide use area accounted for 77.2%, compared with 74.2% in 2015 increased by 3 percentage points, especially in food crops with high efficiency and low toxicity pesticide use accounted for the high area. According to the 906 farmers (planting large family farms, professional service organizations) in rice field investigation, pesticide use, according to the amount of goods, micro toxic pesticides accounted for 5.56%, accounting for 84.77%, accounting for 9.55% of low toxicity and high toxic pesticide poisoning accounted for 0.12%, low micro toxic pesticides accounted for 90.33% of the total. In the wheat field pesticide use, according to the amount of goods, micro toxic pesticides accounted for 5.33%, accounting for 89.32%, accounting for 4.46% of low toxicity and high toxic pesticide poisoning accounted for 0.89%, low micro toxic pesticides accounted for 94.65% of the total.

1.5 the use of pesticides to further optimize the structure

The use of pesticides and the amount and structure of plant diseases and insect pests occurrence are closely related. According to statistics, in 2016 by the use of pesticide commodity meter, insecticide and acaricide, fungicides accounted for 35.58% accounted for 37.02%, accounted for 26.65% of the herbicide and plant growth regulator rodenticide accounted for 0.47%, accounted for 0.28%. All kinds of crops on the use of pesticides are not the same structure, pesticide use in rice field in 2016 (by commodity volume), insecticide fungicide accounted for 41.66%, accounted for 40.67%, accounted for 17.66% of the herbicide and plant growth regulator accounted for 0.01%; the amount of varieties from large to small is as follows: Tricyclazole, abamectin, butachlor, isoprothiolane Pretilachlor, Pymetrozine, and diazinon, emamectin benzoate, validamycin A, thifluzamide etc.. In the wheat field in the use of pesticides (by commodity volume), insecticide fungicide accounted for 16.76%, accounted for 54.11%, accounted for 29.12% of the herbicide and plant growth regulator accounted for 0.01%; the amount of varieties from large to small is as follows: carbendazim, isoproturon, three Triadimefon, fluroxypr mepthyl, thiram and fenoxaprop-p-ethyl, phoxim, Clodinafop propargyl, Pymetrozine JS399-19, tebuconazole, etc..

2017 pesticide consumption demand forecast

The total amount of pesticide demand in 2017 is expected to be 76 thousand and 500 tons (the amount of goods, the same below), down 500 tons more than in 2016. Expected miticide demand is 27 thousand and 500 tons, accounting for 35.9%; fungicide demand is 28 thousand tons, accounting for 36.6%; herbicide demand of 19 thousand and 500 tons, accounting for 25.5%; the other (plant growth regulator, raticide) demand of 1 thousand and 500 tons, accounting for 2%. In the use of pesticides, high efficiency and low toxicity pesticide residue and biological pesticide application proportion will further increase, the amount of highly toxic pesticides will continue to reduce. It is the main basis for the forecast:

2.1 crop distribution is relatively stable

With the adjustment of planting structure optimization, the main crops cultivated area tends to be stable. 2017 is expected to grain acreage stable at 80 million acres, and in 2016 was flat slightly reduced, due to the benefit of planting and last winter rain effect, summer grain acreage decreased slightly; vegetables and fruits, especially the grains and agriculture because the benefit is relatively good, the area will increase slightly; rapeseed, cotton acreage further reduced, but Yajian little space.

The more severe situation occurred 2.2 pests

According to the pest occurrence base, species distribution, meteorological factors and other related factors in the occurrence and comprehensive analysis of the situation, is expected in 2017 of main diseases and insect pests of wheat and rice crops and still place emphasis, pest will rice in 2016 (one year weight lighter history).

2.3 pesticide use reduction continue to force

In order to implement the spirit of the 2017 central document, vigorously promote green agricultural production mode, the implementation of Jiangsu province “two minus six for three” special action and the relevant requirements of the Ministry of agriculture in 2020 to pesticide use zero growth action “, the country will intensify its efforts to carry out agricultural enterprises to build demonstration base, promotion of green control technology and the specialized anti rule fusion, effectively control and reduce the dosage of chemical pesticide. Protected areas of Taihu chemical pesticide use total by 2020 compared with 2015 cuts of more than 20%, South of Jiangsu is less than 5%, the Soviet Union in the reduction of about 1%, the rest of the zero growth.

2.4 high efficiency and low toxicity pesticide residue application area increased

In 2017, the province will continue to high efficiency and low toxicity pesticide residue included in the application area proportion of basic agricultural modernization evaluation system of assessment indicators, all will take effective measures to increase efforts to promote the high efficiency and low toxicity pesticide residue, application area proportion will rise. At the same time, along with the agricultural supply side structural reform, the implementation of green production, people put forward higher requirements on the quality of agricultural products and food safety, without the use of pollution-free agricultural products, green food production base of pesticides made clear requirements, high efficiency and low toxicity, low residue pesticides concern.