recently, the formic acid market supply remains tight, most manufacturers of devices shut down, the market for quite a lack of some enterprises are at high prices today no fluctuations, some enterprises still continued to increase prices. The upstream product ammonia producing areas trading market Piandan, which is sufficient in North China Shandong market supply, some high priced delivery, price shocks down.

At present, Huanghua pengfa Chemical Co., 3700 yuan / ton; Zibo Pulis Chemical Co., offer 3300 yuan / ton; Zhangzhou Xiangcheng Three Chemical Co., offer 3500 yuan / ton. Hangzhou Chang Feng Trading Co., 85% formic acid water from the net price 3200 yuan / ton, temporary price stability. Huanghua pengfa Chemical Co. Ltd. 85% formic acid factory price is 3700 yuan / ton, the price increase 200 yuan / ton. Lawton Shanghai Fine Chemical Co., formic acid (formic acid content greater than 85%) price 3600 yuan / ton. Shandong Rong Yue Chemical Co. Ltd. 85% formic acid tax net price 3350 yuan / ton, temporary price stability, normal sales.

Recently, the domestic caustic soda market prices high consolidation, enterprises in the pre orders, the market turnover good atmosphere. Downstream leather, chemicals and other industries demand for formic acid. Affected by supply and demand in the short term, the market will remain strong acid.

European standard thermoplastic plastics prices show rising trend

Abstract: in early November, with the increase in the cost of raw materials, the European standard thermoplastic plastics prices show rising trend. The price of ethylene and propylene increased 30 euros / ton, while the styrene monomer reference price rose 40 euros / ton. See details []

PTA market supply increases while the market price or restricted

Abstract: in the factory often taken to cut production, maintain industry profits, and this year the factory most take as little as possible production, overhaul, but when there is profit from the surface of a large number of hedging, while generating huge warehouse, the processing fee has been maintained at a relatively low level. See details []

The article by Gade chemical network editing, reproduced please indicate the source.

Urea market supply is still slightly nervous companies to raise prices

Abstract: according to financial news, 9, East China, North China, raised the collective price of urea, Shandong Luxi Chemical enterprises, Huaneng Power, factory price increase 20 yuan per ton, the cumulative increase since the August low of more than 25%. See details []

The results highlight the development of pesticide industry transformation and upgrading to seize the opportunity to meet the challenges

Abstract: with China’s population increased, decreased arable land, improve the grain yield per unit area, to ensure the safety of food supply has become a new topic. Pesticides to control pests, diseases and pests, protection and response to the explosive effect of agricultural products harvest yield, ensure food security has more. Recently learned that the investigation, provide opportunities for the rigid demand of pesticide pesticide industry development in Shandong Province, enterprises have to adjust the reform, through the transformation and upgrading to seize opportunities in the new period, respond to market challenges. See details []

Reduce the supply of methanol increased demand for higher volatility trend or will continue

Abstract: now we look back the reasons of prices, is in fact more favorable fundamentals, namely the contradiction between supply and demand conversion, reducing the supply, due to increased demand, then amplifying futures, funds and speculation factors, formed from the 2000 yuan / ton below, wantonly shot up to 2900-3000 yuan / ton nearby. See details []

Chemical cycle on the elastic sub sector is open

Abstract: the first three quarters of 2016, the chemical industry SWS division of the 271 listed companies (excluding Sinopec (5.52,0.110,2.03%), China Petroleum (7.70,0.050,0.65%)), achieved a total revenue of 861 billion 680 million yuan, down 5.2%, attributable to shareholders of the parent company net profit of 39 billion 480 million yuan, an increase of 25.6%, recovery boom. The chemical industry overall net profit increased substantially, the company continued to improve profitability. As the chemical industry usher in the price cycle, highlighting investment opportunities in industry. See details

“The market is still somewhat tight supply of urea enterprises to raise prices

Results the pesticide industry development transformation and upgrading to seize the opportunity to meet the challenges

“Reducing the supply of methanol increased demand for higher volatility trend or will continue

“Chemical cycle on the elastic sub sector is open

“European standard thermoplastic plastics prices show rising trend

>>PTA market supply increases while the market price or restricted

Industry news

Low density polyethylene prices increased by about 15 euros / ton, LLDPE prices in mid November rose 5 euros / ton. Polypropylene homopolymer for injection and homopolymer film prices rose 20 euros / ton, copolymer injection molding grade price rose 20 – 25 euros / ton.

BASF site in Ludwigshafen after the fire, the supply of styrene monomer material in the market nervous, so the general polystyrene prices also rose.

In addition, due to excess supply and limited transportation costs, prices fell PET.

At present, the most common material can meet the current demand, most of the factories did not interrupt production, but some polymers, such as HDPE and some high melt flow polypropylene copolymer will occasionally encounter bottlenecks.

Linear low density polyethylene can be by reducing imports from the Middle East market to limit, the next few months at the same time, the number of PET imported from India, Southeast Asia and Turkey region will increase.

In December 7th, Shandong alcohol market will remain strong, ordinary wheat alcohol price mainstream discussion at 4900-4950 yuan / ton tax, general level of cassava ethanol price mainstream discussion at 4800-4850 yuan / ton tax, high corn alcohol mainstream discussion to 4900-4950 yuan / ton tax, downstream receiving goods remained stable, the turnover of the atmosphere is good.

After more than two years of intense preparations, the Shanxi Coal Group launched by the Jincheng coal chemical trading center at the end of the year will be completed and put into use, this marks the Jincheng coal chemical industry will usher in a new era of Internet plus “.

As the country’s largest coal chemical companies Jin coal group last year, the production of total ammonia 16 million 90 thousand tons, 14 million 980 thousand tons of urea, 3 million 910 thousand tons of methanol, accounting for 19.85% of the total output of the country, 19.7%, 9%. Despite the advantages of the amount, but in terms of the price of coal chemical products, Jincheng’s enterprises have always been in a position of weakness. According to Jin coal group analysis, which is mainly in the construction of commodity trading platform for the lack of.

Last year, the Shanxi Coal Group initiated the preparation of Jincheng coal chemical trading center. In January 22nd this year registered Jincheng coal coal chemical trading center Sun company; from April 1st stationed in Jincheng Development Zone Wantong Commercial Plaza, completed the framework of the company; coal chemical industry alliance held the first summit in June 28th to early August, the official website of the center and part of on-line trading system; and then to the docking mid November trading system and the bank entered a substantive stage, a comprehensive spot trading platform “to provide services for global commodities in the coal chemical industry”.
According to the person in charge of Jincheng coal chemical trading center, the center of all hardware and software facilities have been basically completed, is currently working with the banking system, is expected to be completed by the end of this month, then you can run the transaction. The operation of the Jincheng coal chemical industry trading center, mainly divided into two parts, one is the spot trading platform, mainly traded spot spot auction, and financing to

support trading and other trading patterns, provide information, trading, settlement, warehousing, logistics and other services in an integrated platform for the industry chain the upstream and downstream customers; two is a continuous spot trading platform, mainly to achieve a continuous spot trading mode, providing hedging, price discovery service for customers, through the transaction mode, improve the active trading market. Through the organic combination of the two big trade sector, to create “Internet plus coal chemical industry” and “trade + financial” innovation platform for urea, anthracite and other transactions provide information, investment and financing, bidding, spot electronic transactions, payment and settlement, logistics distribution etc. all in one service.

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