Recently, butadiene plant inventory low, manufacturers no significant pressure on the stock market; in high support, the price hike today. The price increase for Sinopec 1100/1200 to 17000 yuan / ton, Liaotong chemical increased 1000 to 18010 yuan / ton.

In December 21st, the Far East butadiene closing steady, including: FOB Korea at US $1929-1931 / ton, CFR China at $1989-1991 / ton, are steady. China Petrochemical (Tianjin ethylene) normal operation of 200 thousand tons / year butadiene plant, today for the implementation of 15800 yuan / ton price. For each, a small amount of export. Sinopec East China sales company of Yangzi Petrochemical, Shanghai petrochemical and Zhenhai Refinery, BASF butadiene price implementation of 15800 yuan / ton, mutual supply, no export. Plant in Fushun Petrochemical 140 thousand tons / year butadiene at normal operation, in addition to confession, a small amount of export, for the price of 16800 yuan / ton temporary execution.

petroleum resin recent commodity index weak steady. 5#C5 petroleum resin mainstream price 7200-9000 yuan / ton.

In December 21st, the central market of C5 petroleum resin 5# adhesive resin for road marking paint, the mainstream price at 8200-8400 yuan / ton, the actual demand is tepid, the market outlook is expected to stabilize. In December 21st, Shandong jade chemical C5 petroleum resin plant output, the annual production capacity of 30 thousand tons of resin, today pure piperylene C5 petroleum resin raw material for the production of its offer, 5# modified petroleum resin for road marking paint price 8500 yuan / ton (light yellow solid particles, the color number is less than 5; softening point 95-105; acid value is less than 0.5 1); not modified petroleum resin adhesives offer 9200 yuan / ton. Can small concessions. Heze Hengda C5 petroleum resin paint 5# petroleum resin price 8200 yuan / ton, large concessions. The normal time output of about 45 tons.

A stable supply device, November shutdown, planned to start in January 2017. The market of East China C5 petroleum resin 5# resin for road marking paint mainstream price at 8300-8500 yuan / ton, adhesive resin in the mainstream price 8800-9000 yuan / ton, the market outlook is expected to stabilize. Southern China market C5 5# petroleum resin road marking paint, adhesive resin in the mainstream price 8500-9000 yuan / ton, 1# mainstream hydrogenated petroleum resin in 16500-17000 yuan / ton. The hydrogenation resin supply, strong price. Northeast market 5# C5 petroleum resin adhesive resin for road marking paint mainstream price at 7200-7400 yuan / ton, the downstream market purchase enthusiasm is not high, the actual prices stable.

The domestic market by the impact of weak demand, enterprises take the goods poor. The market of C5 petroleum resin price stabilized, is expected to post petroleum resin stability is the main line.

at present, the domestic market continued weak market consolidation hydrochloride. Of market price stability in Henan area, the 31% synthetic acid mainstream price at 50-100 yuan / ton, the by-product hydrochloric acid to take the goods, prices in the 30-50 yuan / ton, the downstream demand, the short term of prices continued low consolidation trend; Shaanxi area 31% hydrochloric acid synthetic acid factory price of 150 yuan / ton the low price, the by-product hydrochloric acid of 100 yuan / ton.

The smooth operation of Zhejiang area in December 21st of market price, the 31% synthetic acid with high purity acid factory price in 200-250 yuan / ton, high-end price of 300 yuan tons of by-product hydrochloric acid shipped flexible, take the amount of the main, not much of the market supply, the market outlook is expected to steady run based local hydrochloride. Hebei area 31% synthetic acid mainstream price at 50-150 yuan / ton, byproduct acid factory in 0-30 yuan / ton 220-350 yuan / ton, food acid. The local market is expected to post steady light. The stability of the market area of Tianjin hydrochloric acid, high purity acid factory price in 300-400 yuan / ton. The two devices of chlor alkali enterprises operating rate of 100%, shipments in Tianjin is expected to the recent steady rhythm, smooth continuation of the trend of the price of hydrochloric acid. Anhui area market remained stable in 31% hydrochloric acid, hydrochloric acid synthesis factory price in 50-200 yuan / ton, premium 260 yuan / ton, the by-product hydrochloric acid factory price in 1-20 yuan / ton. Hydrochloric acid Market in the region market late stable. Shandong Xinfa hydrochloride unit runs smoothly, the factory price of 20-100 yuan / ton, the actual transaction price negotiable, go off normal.

The local monthly production of 10 thousand tons of hydrochloric acid, market outlook, shipping companies steady, Shaanxi of prices to stabilize the market. The recent upstream crude price stability, lower demand for multi demand procurement, market outlook is expected to remain weak market as the price of hydrochloric acid.

daily 21, East China butadiene prices continue upward, offer reference price of 19000 yuan per ton. 20, Northeast China manufacturers and Sinopec butadiene quotation to rise sharply, the market rose nearly 9% this year, the cumulative increase of up to 225%.

At present, butadiene market supply can be sold less, imports of limited supply, holding the goods sell mentality significantly.

The latest price dynamic display device of Fushun Petrochemical 140 thousand tons / year butadiene at normal operation, a small amount of export, 20 price hike of 1000 yuan per ton, the price of 16800 yuan per ton for execution. Sinopec East China sales company of Yangzi Petrochemical, Shanghai petrochemical and Zhenhai butadiene execution price 15800 yuan per ton.

Market

The supply of butadiene market in Shandong area are scarce, part of the offer in 18300 yuan per ton, although there is a small amount of supply to the downstream suppliers export factories, but the circulation of supply shortage, the market performance of firm. East China butadiene prices continue upward, middlemen cover difficult shipments lower intentions. In addition, affected by the weather, the Northeast transportation supply cycle lengthened, some traders offer up, shipping intention is not high, the market mentality is good.

Device

Shandong Huayu butadiene plant by the upstream, low load operation from December 17th, to suspend the export. Shanghai SECCO planned maintenance plan started in November postponed to March next year to April, Kuwait chemical plant is still in the parking. Beijing Oriental butadiene plant shut down for maintenance, driving time is uncertain. Butadiene for Shandong jade 100 thousand tons / year, the restart time undetermined. The relevant manufacturers is expected to promote the short term stock market and low device maintenance and other factors, the industry is expected to continue to improve profitability of butadiene.

Demand

The main application field of butadiene synthetic rubber by the automotive industry needs a greater impact, to enhance the amount of sustained growth will drive the demand of automobile tires and rubber. At present, the domestic demand of synthetic rubber, dependence on imports amounted to 30%, high-end rubber products more tight, it will play an important supporting role of butadiene.

Fundamentals

Deputy product is currently more than 95% of the global butadiene from ethylene plant. For businesses, effects of ethylene on the performance of the product is far greater than the butadiene production enterprises pay more attention to the market supply and demand of ethylene and propylene. In addition, the output rate of different butadiene feedstock vary greatly, the raw material is heavy, the higher the rate of butadiene production. Brokerage Research Report data show that the naphtha feedstock each producing 1 million tons of ethylene as by-product of butadiene production of about 157 thousand tons, while production of butadiene ethane correspond to only 17 thousand tons, a difference of nearly 10 times.

In recent years, the U.S. shale oil and gas sustainable development caused by ethane production in the price decline, leading to global preparation of ethylene raw material change, light feedstock will lead to reduced supply of butadiene. Ethane cracking device in the United States will enter into the peak, from 2017 to 2020 is expected to increase 13 million 570 thousand tons of ethylene production capacity of 230 thousand tons / year, but only the corresponding theoretical yield of butadiene. The future of global new ethylene plant in light of raw materials will be in a dominant position. Lightweight materials with ethane as the representative of ethylene will gradually squeeze naphtha cracking process, the future will continue to tight supply of butadiene.

First of all, the long period, at present, the coal water slurry process of urea in China with strong competitiveness in the world, is expected to fall in the price of coal, natural gas prices continued upward and North American interaction devaluation expectations, we estimate that the manufacturing cost of the future coal urea process in China Advanced, and the total cost have a great chance less than in North America gas from urea.

Secondly, the spring ushered in the peak demand, middlemen inventory low: about 60% spring season urea demand will reach annual agricultural urea demand (25 million tons), from the beginning of winter wheat turning green fertilizer, continuous demand for new convergence.

In addition, the import and export trade, a short period of time, China’s agriculture is expected with the urea demand and export is expected to be slightly under pressure, but in the export tariffs or will be canceled, and the rapid growth of demand for urea industrial drive.

In addition, in the inventory, the grassroots research, at present only half of the middleman inventory in less than 15 years over the same period, the social stock is more intense, and in the high coal price situation, the current stock brokers will still not strong.

Finally, the most important is this year compared with the usual, light storage delayed, in November and December China is expected to yield an uremic decline, resulting in a lack of demand to stabilize the spring season and in the subsequent stocking, continue to meet the requirement of the background, small series is expected to boom cycle urea is expected to continue until the middle of 17. (of course, the specific situation is good on demand in some areas may be)

At present, affected by the domestic environmental factors continue to reduce urea enterprises operating rate, cost pressures, and the price of coal prices and freight upstream raw materials increased again rise, resulting in domestic enterprises to increase the price of urea. So, according to many factors oriented, the overall market is expected in 2017 will usher in the spring of urea “own spring”

the latest and unexpected news – urea prices hit new highs during the year. At present, the domestic urea market continued rising trend, which Shandong Luxi Chemical factory price increase 40 yuan to 1560 yuan / ton. Since the end of August the highest cumulative increase of nearly 40%.

To understand the market of the people, the basic pattern of urea had been formed for a long time, China’s urea industry has been well received by the containment of excess capacity, the slow digestion, because every year the demand and transportation area of solar term emergency conditions, some areas will be modest price, but greater change will need to look at the international the market, a lack of initiative. Now, some enterprises reported the news of price hikes, the sudden, but is not accidental.

You know, urea is divided into two kinds of agricultural and industrial urea urea. According to the relevant national standards, compared with the agricultural industrial urea urea, in addition to a certain requirement of iron content, alkalinity, sulphate, water insoluble substance, the main quality indexes such as nitrogen, urea, shrink two moisture content, there is no significant difference between the urea products large and medium-sized enterprises are able to meet the requirements of industrial quality urea.

However, the actual production situation, agricultural urea in less impurities, high purity; industrial urea because of industrial use, so as not to meet the industry requirements, to reduce the cost of purifying. Therefore, the purity of two, still has the obvious difference.

It is worth noting that, in recent years, the pursuit of large particles and agricultural urea release, so in the granulation process will add formaldehyde to urea formaldehyde coating formed on the surface of urea, which is not allowed in the industrial urea, a big difference, this is the two.

The price is not It is sheer fiction., Weakness lends wings to rumours.

Continued decline of domestic PA market this week, the transaction center to low down. The demand side is weak, one is the face of weak end demand, on the other hand, the haze is under the influence of strengthening the supervision of environmental protection, leading to the North plasticizer manufacturers cut phenomenon is obvious, and the part of maintenance, therefore the method of shrinking demand o phthalic anhydride. There are few inquiries and phthalic anhydride manufacturers procurement. Apart from the needs of vulnerable, downstream of the DOP factory is also facing cost pressures, conflict is not reduced, and traders expected negative, it is rare in the market. Although the phthalate terminal center of gravity, but still lead to neighbor profit therefore, manufacturers of phthalic anhydride, phthalic anhydride P.A. manufacturers long-term go in a poor state of goods, the cost of expensive raw materials caused by high pressure, obvious resentment of phthalic anhydride.

The industrial chain: domestic oxylene market price trend this week rose slightly, PetroChina Jilin petrochemical factory price of 7450 yuan / ton, Sinopec oxylene price of 7700 yuan / ton, dragon aromatics no products for export, operation of Yangzi Petrochemical benzene device, Jinling Petrochemical device running smoothly, the recent operating rate of 5 phthalate%, the benzene supply is normal, the turnover in general, the crude oil prices rising, the market price slightly higher phthalate. The phthalate supply is normal, businesses cautious wait and see, the actual turnover in general, East China market oxylene port stocks less than 20 thousand tons, due to the recent downstream plasticizer prices fell in East China to discuss the market mainstream phthalate 7900-8000 yuan / ton, to offer DOP Products Co.; the main downstream of the shock upstream, clinch a deal in general, not good phthalic anhydride market.

Industry: Although the downstream manufacturers operating rate has been reduced, not part of the mainstream manufacturers all drive device, although the raw material procurement of phthalic anhydride has improved slightly, the overall trading turnover compared to light. The recent plasticizer industry to better market, see subsequent price trend.

In summary: this week, the domestic phthalic anhydride market continued to decline, the atmosphere remained in the doldrums. The terminal demand is weak, the downstream DOP decline risk and production is flourishing, but, in phthalic anhydride market cares little, a few manufacturers of phthalic anhydride is single, on the other hand, manufacturers profit situation obviously, mentality pressure increased. Market outlook, demand outlook is subject to change, facing the high resistance shipping situation, the market price phenomenon will continue to increase, is expected to still decline in space, and the overall operating capacity remained low.

This week the focus to discuss the market fell slightly in acetone. The raw material, the weaker benzene market, running a high raw material market. Market, by benzene prices, industry mentality down, some profit positive shipments, discuss the market decline. Affected by the impact of environmental factors, the downstream plant operating rate decreased, the lack of market demand. At the weekend, East China acetone market price in about 7000-7100 yuan / ton, around Yanshan acetone market prices in 7300-7400 yuan / ton, negotiate prices in Southern China at about 7500-7600 yuan / ton.

This week, the domestic benzene market weakness, this week the multi negative side effects, benzene market sentiment weak, strong wait-and-see atmosphere, Sinopec is currently executive listing price of 7700 yuan / ton, affected by the haze effect, the Ministry of environmental protection requirements of the coking plant into the stew furnace, resulting in styrene, hydrogenation of benzene and other demand weakened, buying enthusiasm is lower than the previous manufacturers offer, hold steady. Another upstream raw material propylene this week, the domestic market is running high. High crude oil supply, no pressure, but the downstream market began to fade, but also by environmental impact, production unit production, reduced demand for propylene. Shandong propylene current mainstream price 8050-8150 yuan / ton.

Raw material market is strong, pure weak market, the cost of general support. The market supply, port spot is relatively concentrated, the short term does not appear obvious negative. But by the impact of environmental factors, the downstream demand weakened. Next week the price of acetone within a narrow range.

This week the market trend rose DOP, the center of eastern and northern regions of higher obviously, and the Southern China region continued weak order. As of Friday, North China DOP valuation of 8600 yuan / ton. Shandong to discuss the range of 8450-8550 yuan / ton, Tianjin to discuss the range of 8500-8600 yuan / ton, or 0.19% weeks. Nearly 3 months rose to 23.54%.

Dongying Yimei to normal operation of the device, output 200 tons; normal Qilu plasticizer plant, Nissan 700 tons; Tianjin Thailand Jin Yuan device production, no plan to resume normal operation; Zhejiang Weboo device; high industry device no Teruo production plan and subsequent production of DINP and DOTP is the main.

This week, the domestic manufacturers offer overall octanol continued to rise, the focus of the market consolidation. Propylene trend slightly stabilized, the goods will remain cautious as octanol. This week, the domestic market price of PA downward trend, the wait-and-see atmosphere, downstream inquiry atmosphere slowed, the turnover declined all focus areas. Although fewer goods manufacturers support price of phthalic anhydride dimensional emotions, but from the downstream pressure increasing, the terminal demand has not improved substantially, factory shipments gradually obvious resistance. Octanol raw material prices continued to rise, the DOP market has strong support in the cost surface.

Finishing this week the domestic DOP market weakness, the real single atmosphere to keep quiet. The terminal needs to follow up, the spot market less interested, shipping resistance remains stubbornly high, mentality pressure increased. But the raw material manufacturers failed to adjust octanol action, resulting in DOP factory profit loss situation, is still blocked, fluctuation control. Afternoon, the cost and demand game situation continues, is expected to offer loose risk increased, and the situation is difficult to avoid the tendency of low-end focus gradually.

Huabei ABS price increase 100 yuan / ton, PetroChina Northeast Branch ABS price stability, Huabei branch of Dushanzi petrochemical PS listing price increase 200 yuan / ton, in the east of Dushanzi Petrochemical Company PS price rise 100-200 yuan / ton. The trend of ABS market in general preference, some brands slightly upward. The market trading atmosphere, not much turnover, trading cautious optimistic, strong wait-and-see atmosphere downstream.

On Wednesday, the international oil prices continue to rise. NYMEX crude oil closed up 2.60%, to $51.60 / barrel. Brent crude rose 1.92%, to $52.67 / barrel.
Wednesday (October 19th) the price of Asian styrene market rose, FOB Korea prices rose $9 to settle at $999-1000 / ton; CFR China price rose $9 to close at $1021-1022 / ton.