December prices rising trend of p-xylene, at the end of the month the average price of 6900 yuan / ton, compared with the first month price 6630 yuan / ton rose 4.07%, rose 13.35%.

Market analysis:

Products: December domestic paraxylene prices, domestic equipment device dragon aromatics production capacity of 1 million 600 thousand tons in the maintenance of normal operation in petrochemical equipment operation, Yangzi Petrochemical device smoothly, Urumqi petrochemical equipment runs smoothly, Jinling Petrochemical equipment normal operation. In December the domestic paraxylene operating rate of about 7 into the domestic market, the supply of p-xylene is normal, the domestic market prices of p-xylene. December Asia started to maintain a PX device into about 7, PX disk prices rose sharply, as of the end of the PX closing price of US $868 / ton CFR Chinese, WaiPan prices have a certain guiding role for the domestic market of p-xylene, xylene 56% of foreign dependence, disk prices is a major positive domestic PX market, China the market PX market prices.

Chemical net domestic acetic anhydride prices have risen, as of the end of the domestic prices at 4911.11 yuan / ton, compared with the first month price 4855.56 yuan / ton rose 1.14%, rose 15.31%.

Market analysis:

Products: December domestic acetic anhydride market prices rose slightly in November, operating domestic acetic anhydride unit running smoothly, Yanzhou acetic anhydride unit capacity of 100 thousand tons of normal output to maintain high 240 tons; Wang Group device normal operation, daily output of more than and 200 tons; Huaneng Power Plant operation is normal, the daily output of 100 tons; the operation of acetic anhydride plant in Jilin petrochemical plant calcium carbide production capacity of 20 thousand tons of normal, in December the domestic supply of normal field acetic anhydride device, acetic anhydride starts into about 5, the market price of acetic anhydride by stimulating the upstream raw material methanol and acetic acid prices slightly higher. North China talks acetic anhydride mainstream in 4700-4800 yuan / ton, the central region due to acetic anhydride manufacturers less, negotiate prices in 4800-4900 yuan / ton, the acetic anhydride turnover in general.

Industry chain: the rising price trend in December upstream raw material acetic anhydride, as of the end of the ex factory price of 3008.75 yuan / ton, up 7.91%, the upstream raw material market prices as a result of acetic acid methanol prices pull, on the other hand, the low operating rate of acetic acid, acetic anhydride market prices, the cost of support by acetic acid, acetic anhydride market prices. In December the downstream user equipment operating rate changed little, the downstream user device for normal operation, the upstream acetic anhydride demand is still mainly just need to purchase, limited demand for downstream users improved acetic anhydride, acetic anhydride acetic acid December prices due to high prices pull.

Industry: acetic anhydride industry still exists the contradiction between supply and demand in December, the cash supply is normal, but the upstream raw material market continued to rise, the market prices of acetic anhydride.

Market forecast:

Upstream raw material prices recently faced with methanol and acetic acid and acetic anhydride prices, adequate market supply, the spot slightly loose, is expected in January will be slightly down or acetic anhydride market price, the price in 4500-4700 yuan / ton fluctuations.

In December 28th, the United States phenol prices stable, FOB US Gulf prices 777-799 dollars / ton, unchanged from last week. Decline in market weak phenol Market in East China, petrochemical manufacturers fell 600 yuan / ton, traders offer a flat, less profit, lower buying, just need to deal xiaochan. The market of phenol in Shandong market downturn, petrochemical manufacturers concentrated down 600 yuan / ton, near the end of the month to offer less early traders to the end of the month sales continue to cut prices, the market and the manufacturer upside serious. The downstream user orders cautious trading market just to be small. Gaoqiao Petrochemical phenol down 600 yuan / ton 7100 yuan / ton. A total of two sets of 160 thousand tons / year old 3-acetyltropolone devices continue to parking, the normal operation of Caojing of 240 thousand tons / year of 3-acetyltropolone device. LAN-STAR Harbin 120 thousand tons / year of 3-acetyltropolone device load 7-8. Phenol down 600 yuan / ton 7100 yuan / ton. Normal in Tianjin Petrochemical 350 thousand tons / year of 3-acetyltropolone device. Phenol price down 600 yuan / ton 7100 yuan / ton.

The manufacturer of equipment operating load decreased, one is the environmental factors impression, two is the factory intends to control the amount of years ago and then adjust the price. The expected short-term price of phenol on stability, there is still callback expected next month.

chemical industry following the 28 Sinopec joint down 600 yuan / ton, the market is relatively weak, near the end of the month turnover in the doldrums, the downstream market just need to purchase based, sporadic offer according to Sinopec listed; East China, Shandong area, Yanshan area maintained 7100 yuan / ton offer the Henan area is slightly higher than the 7300 yuan / ton in Southern China offer 7500 yuan / ton.

[comment] Gade chemicals chemical products of ammonia acid upstream market steady rise, overall trading environment is acceptable, the recent prices of urea, ammonia market has a good boost support and some enterprises to increase the production of urea, ammonia reduced shipments, the market pushed up will be stronger.

A narrow range of domestic caustic soda market, before the downstream began stocking, shipping companies, operating more stable, enterprises more cautious wait-and-see. The downstream products of leather and pesticide industry demand.

In December 29th, Zibo Pulis Chemical Co. Ltd. 85% formic acid price raised to 5800 yuan / ton, goods. Zhangzhou Xiangcheng Three Chemical Co. Ltd. 5500/ tons of quotation in 85% formic acid. Jintan local industry supply and Marketing Co. Ltd. 85% formic acid water from the price of 4300 yuan / ton, temporary price stability. Hangzhou Chang Feng Trading Co., 85% formic acid water from the net price 5000 yuan / ton. Lawton Shanghai Fine Chemical Co., formic acid (formic acid content greater than 85%) price at 6100 yuan / ton, no goods.

At present, the domestic industrial grade 85% formic acid market has been in a rising trend, the market supply is tight good boost to formic acid market. The current market supply tensions continue, downstream demand, formic acid market has no market price, the short-term market or consolidation high formic acid.

of chemical production enterprises to stop selling the country at the end of the basic settlement, long-distance spread is still large, expanding the scope of arbitrage. Cost: ethylene benzene market weakness down narrow consolidation.

In December 29th, Southern China styrene market steady light – Wen Guangzhou market has intention to sell 10100 yuan / ton from mentioning, 10200-10250 yuan / ton to a talk. North China styrene market price stability is not a wait-and-see, cost price, large span, the smell of arbitrage selling 9850 yuan / ton supply intention to or slightly lower, while the self-produced intention of selling 9900 yuan / ton and above to the firm, talk. East China styrene market to stabilize flat open, there are some selling intention: domestic imported 9900-9930 yuan / ton, 9950 yuan / ton, it is buying intention in 9800-9850 yuan / ton, the real single talk. PetroChina northeast styrene prices temporarily stabilized, under the flag of Jinzhou, Jinxi, Fushun, Daqing and other styrene reported 9400 yuan / ton, the device starts in about 8 as output, priority and internal mutual supply contracts, spot sales. Sinopec North China styrene prices temporarily stabilized, recently under: Qilu, Qingdao jade, temporary implementation of 9900 yuan / ton, Yanshan Petrochemical 9700 yuan / ton, Tianjin in the temporary implementation of 9800 yuan / ton, temporary contract, spot suspend billing. Sinopec East China sales company styrene prices temporarily stabilized, the smell of foreign sales of its subsidiary companies of Zhenhai Refinery Factory implementation of 10050 yuan / ton, the execution of the contract, at the end of the month to stop selling settlement.

At present, the market is still in a low styrene styrene market supply and demand conditions, the light, before New Year’s Day downstream stocking limited, social business data analysts expect the Styrene Market in the short term or to maintain a narrow range consolidation.

at home and n-propanol output is large, mainly Nanjing plant products, contract users mainly production enterprises, for the production of n-Propyl Acetate as raw material, other less consumption, as the solvent effect, there is no large-scale development; as a high dependence on imports of products.

December 30th Shanghai Yifeng chemical l-propanol foreign price 11300 yuan / ton (barrels), limited inventory, real simple talks. Zhejiang sunrise Chemical Co., n-propanol foreign price 9800 yuan / ton (bottled / Taiwan), the current inventory is limited, the real single talks. Shanghai Demao chemical l-propanol foreign price 10000 yuan / ton, are not available, the real single talks. The normal operation of Nanjing Rongxin chemical 60 thousand tons / year of n-propanol device, factory acceptance today offer 9500 yuan / ton (apron), mainly for personal use, a small amount of export. Shandong Feng bin Chemical Co., n-propanol offer 9500 yuan / ton (apron), limited stock, real simple talks. Shanghai Crystal Chemical Co. Ltd. Shanghai l-propanol foreign price 10000 yuan / ton (barrels), out of stock is limited, the real single talks.

At present, n-propanol market trading flat, discuss the general atmosphere. The recent domestic propanol market running smoothly, a narrow range of fluctuation. The latter concern the cost of raw materials supply situation and face.

The United States in November 23rd 593 weeks the number of rigs, 5 increase in the number of Taiwan, Taiwan 151 years of decline; Canada rig count 174, week 10 decrease in the number of Taiwan, Taiwan 10 years of decline. The United States oil rig 474 weeks, a 3 increase in the number of Taiwan, Taiwan 81 years of decline. EIA Brent is expected in 2016 the average price of crude oil 43 dollars / barrel, 2017 $51 / barrel; 2015 U.S. crude oil production averaged 9 million 400 thousand barrels / day, is expected in 2016 to 8 million 700 thousand barrels a day in 2017 to 8 million 600 thousand barrels / day. Compared to the forecast in the August report, the forecast 2017 crude oil output higher than before 100 thousand barrels / day, mainly due to the rig active and well production ability. Is expected in the 4 quarter of U.S. crude oil production increase, the price of crude oil is still under pressure, the proposals concern frozen production meeting results.

This week, domestic gasoline and diesel oil fuel tax spreads were 340, 569, 168 yuan / ton, rate is 9.6%, 19% and 5.3%. of South Korea and Taiwan have raised the price to start, the closer this week, ethylene prices fell 2.17% reported in the southeast of 900 U.S. dollars / ton. Haiwei and satellite parking within PDH weeks of repairs, supply slightly tight, Southeast Asian propylene steady quoted at 649 yuan / ton. Next week the rubber market, Chinese strong demand, Southeast Asia butadiene rose 1.37% at 1480 yuan / ton.

Basic chemical:

Domestic titanium dioxide anatase titanium dioxide again this week the price of 500-800 yuan, the rutile titanium dioxide factory price 13500-14800 yuan / ton, anatase 11400-12500 yuan / ton. Tight supply and prices driven by rutile anatase increases continuously.

Market in the off-season, factory shipments increased the difficulty, low stocks, some enterprises limited supply. This week the titanium ore price 100 yuan / ton, Panxi area 47 ore price 1100 yuan / ton, factory price 12800 yuan / ton. Rising costs and tight inventories pushed up the price of titanium dioxide, the latter price is expected to rise again.

Urea: this week the operating rate is still not high, and the price of coal and freight upstream raw materials increase in cost pressures, domestic enterprises have raised price of urea urea. This week, the wholesale price of ex factory price of urea were steady at 1500, 1525 yuan / ton.

Ammonia ammonia Market: this week the local push up this week, ammonia prices rose 6.1% at 2430 yuan / ton.

Glyphosate: improving the cost of support, the fourth quarter of overseas and domestic supply and demand, boost glyphosate prices, glyphosate prices rose 4.7% yuan / ton in 22500.

In November 29th this week, according to 89 kinds of chemical price SWS chemical monitoring, this week rose varieties accounted for 56% (47% week), flat (33% last week) accounted for 30%, accounted for 14% (down 20% last week), some of the chemicals rose, the overall average increase of approximately 2.06%. don’t BDO or five branch (+16.5%), MDI (11.1%), the polymerization of butadiene rubber (+8.6%) and caprolactam (8.5%), glycine (+8.1%), the decline in the top five products were acetylene PVC (-3.6%), vinyl acetate (-3.5%) and epichlorohydrin (-3.2%), short silk cotton pulp (-3.0%), the Baltic the sea map (-2.4%).

The price of:

This week, MDI- TDI-, aniline, glycine glyphosate toluene spread chain were expanded 11.7% and 3.6%, 0.1%, carbon black – coal tar, PVC- calcium carbide acetylene chain decreased 15.9%, 8.4%. spread

Petroleum and chemical industry: The international oil price shocks.

To Friday Brent and WTI crude oil futures rose 0.81%, rose 0.81% to close at 47.24 U.S. dollars / barrel and 46.06 weeks; the average price was 48.64 and $47.5 / barrel, rose respectively 5.1% and 5.2%. U.S. dollar index closed at 101.5 weeks, up and down +0.14%.11 18 U.S. commercial crude oil inventories 489 million barrels, less than a week before 1 million 260 thousand barrels; gasoline inventories increased 2 million 320 thousand barrels of 224 million barrels a week; distillate inventories increased 330 thousand barrels of 149 million barrels a week; propane inventories increased 1 million 840 thousand barrels of 103 million barrels a week. The United States in November 18th crude oil production of 8 million 690 thousand barrels a day, a week before the increase of 9 thousand barrels / day, compared with a year ago 475 thousand barrels / day.

The normal operation of Fujian Dongxin 80 thousand tons of cyclohexanone plant, the main supply contract for a small amount of chemical fiber, the local market cash price reference to 9400 yuan / ton.

Baling Petrochemical production capacity of 180 thousand tons / year of normal production of cyclohexanone, another set of 60 thousand tons / year plant to stop products mainly for its 300 thousand tons / year caprolactam plant.

Market summary: At present, the market market amide cyclohexanone downstream in the trend of the strong side, to support the market to give cyclohexanone. The cyclohexanone remained stable state, due to the upstream raw materials have higher cost, support and delivery acceptable, some tightening, coupled with lower prices is also good, it is expected that short-term domestic have higher volatility trend of cyclohexanone.