According to Xinhua News Agency reported on 22, an international team recently in the UK academic journal “nature communications” reported that they found a new way to “wake up” superconducting graphene, if the technology is mature, will greatly expand the scope of application of this material.

Graphene is separate from graphite materials, consisting of only one carbon atom layer two-dimensional material. It has thin, toughness, electrical conductivity and thermal conductivity properties, is the industry hopes for a new generation of materials. Scientists have long believed that this material has superconductivity, but had not found that.

Researchers at the University of Cambridge and other institutions will graphene and called praseodymium cerium copper oxide superconducting materials “collocation experiment started, the success of” wake up “graphene” sleeping “superconductivity. Experiments show that the superconducting graphene is not present from the outside, “praseodymium cerium copper oxide” role is only as an auxiliary material to stimulate superconducting graphene intrinsic.

Refers to the number of superconducting materials entirely resistance under specific conditions of the phenomenon, then the current in the material flow will not loss, no energy loss and fever. The phenomenon of superconductivity has a wide application prospect in electronic industry, but the relevant technology from large-scale practical application there are still many problems to be overcome.

Graphene as a superconductor will open a lot of imagination. According to the researchers, “graphene awakened after” can be used for manufacturing of super computer etc..

Russian energy minister Novak (Alexander Novak) on Thursday (February 2nd) said that Russia’s commitment to comply with global production agreement, and may be cut faster than planned, but this is mainly according to the circumstances.

Novak on Wednesday (February 1st) citing preliminary data for president Putin (Vladimir Putin) said that Russia’s crude oil output in January was 11 million 210 thousand barrels / day in December last year, a decrease of approximately 100 thousand barrels per day to 11 million 110 thousand barrels / day. More data show that Russia’s largest oil producer Rosneft in January the average daily output of 518 thousand tons, about 3 million 800 thousand barrels, compared with December 520 thousand and 400 tons daily output has declined.

The organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producers such as Russia agreed in December to the first half of this year, the cumulative reduction in oil production of 1 million 800 thousand barrels / day, in order to solve the problem of excess supply, price support. This week, Reuters survey showed that OPEC production agreement has been completed 82% production in January fell by more than 1 million barrels / day.

Novak said Thursday that the global crude oil production fell 1 million 400 thousand barrels a day, oil prices than before more close to a reasonable level, is expected by the middle of 2017 global oil glut will disappear. He also pointed out that the Russian oil companies have all fulfilled the production agreement, in addition to all oil producing countries have complied with the agreement, and is expected in 2017 investment in the oil industry will create for the first time in three years.

In addition, Novak said that Russia may cut faster than planned, which is mainly based on the enterprise circumstances. Russia said before, to the end of the first quarter of the 200 thousand barrels / day, to rise to 300 thousand barrels / day.

Recently, liquefied petroleum gas prices continued to rise after the fall. Zhongshan City, the price department timely correction of bottled liquefied petroleum gas, the highest retail price, from December 24th onwards, 15 kilograms of bottled liquefied petroleum gas bottle down from 131 yuan to 128 yuan, other specifications bottled gas price reduced, 50 kg, 10 kg, 5 kg, 2 kg of liquefied petroleum gas were also temporary price ceiling adjusted to 433 yuan per bottle, 84 yuan, 42 yuan, 17 yuan.

Since late November of this year, subject to international market crude oil The overall price rise, upstream supply prices and market demand increase, the market price of liquefied petroleum gas at high speed, Zhongshan bottled gas prices hit a record high.

North China sales company Sinopec Qingdao refinery, Tianjin: xylene ethylene and

Shijiazhuang refinery implementation of 5600 yuan / ton.

Sinopec East China sales company xylene: Yangzi BASF, Zhenhai Refinery quote out 5600

yuan / ton.

Liaoning huajintongda chemical Limited by Share Ltd xylene quotation implementation of

5710 yuan / ton, price stability.

Market summary: Recently, U.S. crude oil was trading near $52.29 a barrel, or about

0.33%; in Europe rose significantly, continued to rise. Affected by the crude oil

production is expected to rise, prices plunged xylene.

Finance recently, the U.S. Energy Information

Administration (EIA) issued a short-term energy outlook report, expected 2017 U.S. crude

oil production will rise to 9 million barrels per day, while the United States in 2018

crude oil production will rise to 9 million 300 thousand barrels / day.

In January 23rd, the domestic parts xylene market overview:

The solvent of xylene to discuss the market reference price in 4700-5600 yuan / ton,

heterogeneous xylene reference 4950-5600 yuan / ton.

Xylene solvent market offer 5700 yuan / ton (Zhangjiagang tank), domestic heterogeneous

xylene market offer in 4700-5750 yuan / ton (tank).

The central branch of Sinopec Changling refinery, xylene: Wuhan petrochemical, China

Petrochemical 5550 yuan / ton.

Sinopec Southern China Guangzhou Petrochemical Company solvent xylene: the implementation

of 5850 yuan / ton, Maoming petrochemical price 5850 yuan / ton; heterogeneous xylene:

Guangzhou petrochemical, Zhanjiang Dongxing are the implementation of 5850 yuan / ton.

CNOOC president and executive director Yuan Guangyu said the new year, the group’s capital expenditure increased from 600 to 70 billion yuan, 50 billion 300 million yuan more than last year, a 19% increase to 39%, is 3 years since the first increase spending, 48% for overseas projects, pointed out that from 2016 to 2018, leading overseas also has a significant and very good project in the development of Appomattox Egina Stampede, for example, oil and oil, oil, and said that this year is the overseas investment boom.

On the other hand, the next 3 years, CNOOC’s rolling production target was slower than that in 2016, which is expected in 2016 rolling production was 476 million barrels of oil equivalent, this year is expected between 4 million 500 thousand to 460 million barrels of oil equivalent next year, ranging from 4 million 550 thousand to 465 million barrels of oil equivalent in 2019, ranging from 4 million 600 thousand to 470 million barrels of oil equivalent, reflected in the future 3 target than last year low.

Yuan Guangyu pointed out that since this year to increase investment spending, and enhance the workload and cycle time to yield, so the next 3 years yield is low.

The group said that this year the investment target is to $51 a barrel on London Brent oil, expected this year there will be 5 new projects put into operation, of which 3 in the mainland. Among them, comprehensive adjustment of Penglai 19-9 oil field project Chinese sea and Enping 23-1 Oilfield Group has been put into operation, the other three projects are BD gas field, China in Weizhou 12-2 oilfield two and Indonesia Canada Hangingstone project. At present, there are nearly 20 projects under construction, that this year prices will show a moderate upward trend, from last year to less than $30 a barrel, up to now about $50, reflecting the industry for the better.

In addition, CNOOC chairman and CEO Yang Hua said that lower oil prices are challenges for oil sands operations last year, but the group emphasizes the development of effective capacity, if the oil costs continued at a high level, must have the market reaction; if the business does not make money how can sustainable development, the group will try to reduce the business cost and improve productivity benefit.

according to people’s Daily reported on 22, from the China National Petroleum Corporation was informed that in 2016, international oil prices continued to slump, production and management difficulties facing severe challenges, China’s oil and gas exploration achievements, the annual domestic new proven oil and gas equivalent of more than 11 tons, of which oil reserves 6.49 million tons, natural gas geological reserves of 598 billion 500 million cubic meters.

As of 2016, PetroChina has 10 consecutive years of domestic new 10 tons of proven reserves equivalent to high growth, give full play to the role of domestic resources “ballast”, as a solid foundation for the sustainable development of China’s oil industry lay.

According to the chairman of China oil Wang Yilin introduced, since 2014 the international oil prices, oil China adhere to tighten the scale of investment for 2 consecutive years of decline, the cumulative decline of nearly 50%. But the pressure is not pressure investment in exploration and development, exploration and development investment of more than 120 billion yuan last year, accounting for about 60% of the total investment in the company. In keeping funding at the same time, technological innovation is an important support in the high growth of oil reserves.

“12th Five-Year” period, major scientific and technological achievements China oil made only in the field of geological exploration have a number of 40. For example, a large area of lithologic reservoir in Changqing Oilfield three-dimensional exploration technology, new proven oil reserves of 3.69 tons in Longdong area; Tarim Oilfield complex piedmont seismic strengthening research, the new natural gas geological reserves of 300 billion cubic meters.

Exploration and development achievements also support the steady growth of oil and gas production. In 2016, the oil again “oil and gas demand”, annual oil production exceeded 1.05 tons, 1 tons remain above the level of 22 consecutive years; 98 billion cubic meters of natural gas production, production doubled in 10 years.

Industry chain: International: U.S. WTI crude oil futures on Thursday (February January 19th) closed up $0.29, or 0.57%, at $51.37 / barrel. March Brent crude futures Thursday closed up $0.24, or 0.45%, at $54.16 / barrel. The U.S. energy information administration released days data show that U.S. crude oil inventories unexpectedly increased, larger than expected gasoline inventories rose. The Spring Festival is approaching, with the downstream stocking basically completed, a sharp drop in demand, traders operating low mood, industry cautious attitude, operation mood gradually slowed down. More wait-and-see sentiment mentality, market personnel gradually withdraw from the market, offer a narrow down.

Market forecast:

From the supply side, demand before difficult to release, and the new plant put into production during the Spring Festival, the factory inventory will increase, the holiday market supply is expected to be more abundant, the subsequent need to focus on factory equipment operation, export orders and downstream demand recovery. At present, the current price of four carbon materials after ether within the range of business psychology, factory shipments still normal, relatively stable mentality. And most businesses early years after delisting, cautious market, the trading floor is expected to significantly reduce the MEK market the next will be consolidation, volatility is not.

This week the domestic market within a narrow range of butanone. Monday (January 16th) domestic enterprises offer price at 6870 yuan / ton, by the end of the week in January 20th domestic enterprises offer price at 6855 yuan / ton, down 0.22% to three month period, an increase of 12.19%.

Market analysis:

Products: MEK narrow market decline. Overall, week by CNPC Southern China billing price down 200 yuan / ton, the local market offer then went down, but as part of the downstream stocking completed, inside the new single transaction co.. As the New Year approaching fleet reduced, coupled with Shandong tight supply, sent to a number of delays, also lead to rising freight logistics, shippers offer is still too high. There are not many good fundamentals, until the weekend in East China to discuss the market reference price in 6750-6850 yuan / ton, since the Southern China market talks in 6950-7000 yuan / ton cash.

The industrial chain: 1, domestic mainstream two – port stocks remain relatively high, and the start of the week of toluene more downstream procurement terminal market turnover downturn, lack of capacity, but the high dollar support, supply, the cost of support and pre Holiday Stocking expectations, a handheld goods still very price exploration rose mentality, but downstream according to the needs of cautious buying. East China toluene market buying poor merchant price decline; Southern China market buying is weak, businesses cautious stability; North China talks light, downstream demand procurement, the real single turnover is relatively stable, the market is expected to maintain the shock consolidation pattern of toluene in the short term; 2, approaching the end of the manufacturers and the social stock spot market is still low. Nervous, shippers offer stable, the downstream end before the Holiday Stocking, logistics gradually outage, the new single turnover, the market upside is limited.

Industry: this week, the domestic TDI market tight spot, logistics gradually outage, shippers offer stable, short-term TDI market stalemate consolidation.

Market forecast

This week, the domestic TDI market price rose, stalemate consolidation, manufacturers and social inventory low, TDI spot market remains tight, shippers offer stable logistics gradually downstream outage, before the Holiday Stocking basically completed, expected short-term TDI market stalemate consolidation.