Finance 22, C5 petroleum resin manufacturers orders year

after delivery, downstream manufacturers stocking before the end, stable price. The

market outlook is expected to rise in price based C5 petroleum resin.

In January 23rd, some areas of domestic petroleum resin Market overview:

Shandong Blue Shield C5 5# color petroleum resin adhesives offer 9000 yuan / ton, 5# C5

petroleum resin for road marking paint price 9000 yuan / ton. The normal monthly

production of 1000 tons.

C5 petroleum resin paint Puyang Ruisen petroleum resin Co. R3101 offer 9000 yuan / ton,

A1100 adhesives offer 9500 yuan / ton. Nissan 50 tons.

Daqing Huake chemical C9 petroleum resin 9# goods, 11# goods; dark 18# petroleum resin

price 3800 yuan / ton, 19# offer 3700 yuan / ton, 35 tons output. The thermal

polymerization of C9 petroleum resin 12# price 4700 yuan / ton; the normal production of

20 tons of time. Normal operating device.

The December 2016 increase of chemical raw materials and products industry value increased by 3.1%

Abstract: in January 20th the National Bureau of statistics released data show that in 2016 December, above scale industrial added value increased by 6% real growth last month growth of 0.46%. Among them, chemical raw materials and chemical products manufacturing industry increased by 3.1%. See details []

Local trends

Domestic oil prices before the holiday or missed the five rising prices great probability

Abstract: 22 reported that the next round of domestic oil price adjustment will open in January 25th, this will be the last price adjustment in 2017 before the spring festival. The international crude oil prices by a lot of bad news on volatility down, affected by the domestic oil – year four rising after this round of adjustment, the domestic refined oil or slightly lower, before the five rising edge”. See details []

The oil reserves of oil and gas for 10 consecutive years of high growth

Abstract: according to people’s Daily reported on 22, learned from the China Petroleum Corporation in 2016, international oil prices continued to slump, production and management difficulties facing severe challenges, oil and gas exploration results Chinese rich, the annual domestic new proven oil and gas equivalent of more than 1 billion 100 million tons, of which 6.49 tons of oil reserves and natural gas geology reserves of 598 billion 500 million cubic meters. See details []

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

Three barrels of oil from Xinjiang nearly 30 oil and gas blocks tender for the whole society

Abstract: the January 21st Meeting of the the Xinjiang Uygur Autonomous Region land and resources work conference, after several rounds of consultation, Sinopec, PetroChina, CNOOC’s 3 oil companies agreed to withdraw from the 300 thousand in Xinjiang, nearly 30 square kilometers of oil and gas exploration blocks in Xinjiang will start the second round of nearly 30 oil and gas exploration blocks for the whole society to tender this year. To further accelerate the exploration and development of oil and gas resources in Xinjiang. See details []

China’s crude oil processing volume increased by 2.8% last year, a new high

Abstract: the Sinopec news network due to storage facilities added oil inventories before long holidays in China in December last year, the refinery production hit a new high, thus the domestic crude oil processing volume last year, an increase of 2.8% new high. See details []

In 2016 the new oil proved oil and gas equivalent of more than 11 tons

Abstract: learned from Chinese Petroleum Corporation in 2016, international oil prices continued to slump, production and management difficulties facing severe challenges, oil and gas exploration results Chinese rich, the annual domestic new proven oil and gas equivalent of more than 11 tons, of which oil geological reserves of 6.49 tons, natural gas geological reserves of 598 billion 500 million cubic meters. See details []

“Three barrels of oil from the Xinjiang nearly 30 oil and gas blocks tender for the whole society

“China’s total crude oil processing last year an increase of 2.8% new high

>>2016 years of the new oil proved oil and gas equivalent of more than 11 tons

The increase in December >>2016 chemical raw materials and products industry value increased by 3.1%

“Domestic oil prices before the holiday or missed the five rising prices great probability

Oil for 10 consecutive years of high growth in oil and gas reserves

In the total economy, Chinese economy is likely to a new level, crossed the 70 trillion yuan mark. Xu Shaoshi expects the total economy in 2016 will exceed 70 trillion yuan, the increment is about 5 trillion yuan, and five years ago the incremental growth of 10% increment quite basic, equivalent to the total economic output in 1994 Chinese, in the world’s major economies are prominent.

At present, part of the year 2016 data has been disclosed. Data show that urban employment has more than 13 million; the annual consumer price index (CPI) rose 2%, completed about 3% of the annual price control targets. The import and export of the fourth quarter by quarter stabilized, imports and exports have achieved positive growth.

Peking University School of economics professor Cao Heping Beijing (WeChat public number: cns2012) reporter said, in 2016 the “black swan” incidents continue to occur, but since the four quarter Chinese economic indicators rebound is expected in the four quarter economic growth rate of not less than 6.7%, the annual economic goals can be completed, which means “13th Five-Year” will usher in a a good start.

In 2017 China economy is expected to continue steady operation

According to the schedule, the National Bureau of Statistics announced today 2016 gross domestic product (GDP) and other heavy data. According to the official forecast, 2016 China total economic output will exceed 70 trillion yuan mark, is expected to GDP annual growth rate of around 6.7%, the economy continues to run in a reasonable range.

In 2016 Chinese economic report card announced today

National Bureau of statistics data show that in 2016 before the three quarter GDP grew 6.7%, one quarter of the two quarter to the three quarter, and increase of 6.7%.2016 annual economic growth “report card”, high-profile.

For economic growth in 2016, Washington reporter noted that the market is generally expected growth rate of around 6.7%. The release of China Academy of Social Sciences in 2017 “economic blue book” that 2016 employment and prices remained stable, Chinese economy can realize the beginning of the expected economic growth target, the estimated annual growth of around 6.7%.

Director of the national development and Reform Commission Xu Shaoshi recently revealed in the office of the state conference, in 2016 the supply side structural reform in an orderly way, “three to one drop fill” key tasks achieved preliminary results. A quarter of the two quarter, the three quarter GDP growth rate is 6.7%, is expected in about 6.7%.

Fertilizer market this week, prices rose slightly, the compound fertilizer market mainstream offer price at 2192 yuan / ton, and the beginning of the week 2151 yuan / ton rose by 1.93% compared.

This week, the domestic fertilizer market affected by high prices of upstream raw materials supply, fertilizer cost pressures, rising enterprise price stability. Compound fertilizer factory operating rate slightly pull up in the parking early due to environmental inspection, rectification of the enterprise will resume production, the overall operating rate rose to about 5.5-6 pull. But the Spring Festival approaching, the middle and lower reaches of preparation fertilizer compound fertilizer enterprises enthusiasm decreased significantly, in addition to pre orders, no single new deal. Most businesses are more optimistic about the market for the holiday.

The market price of urea upstream overall stabilized, local slight concussion. At present, the overall operating rate of urea field is still low, but the downstream market sentiment thick lead to the overall market is still mainly stable, local oscillation operation. Shandong area small particles 1640-1720 yuan / ton, large particles 1720-1760 yuan / ton, turnover more. Henan mainstream factory price 1660-1720 yuan / ton, sales more than 1640-1650 yuan / ton, 1600-1650 yuan / ton. Jiangsu small particles 1750-1760 yuan / ton, large particles of 1790 yuan / ton, part of the export in Hong kong. Anhui mainstream 1705-1730 yuan / ton, the actual turnover of 1650-1710 yuan / ton.

The current weakness of compound fertilizer downstream of the rigid demand for the market in the wait-and-see atmosphere, manufacturers of new single transactions only, the main advance. Expected years ago fertilizer market price or will be dominated by smooth.

The second stage (March): late device maintenance good news early release quickly pull up wide
In March, the domestic PC market quickly pull up wide, the market was pulled up to the first half of 2016 high offer reference in East China in the low-end mainstream injection level negotiations in 17800-18000 yuan / ton. With the latter device maintenance good news release on the market to boost the fermentation to the extreme, the very up strong emotions, up $PC in March outside, imports of high cost, coupled with crude oil and bisphenol A pull up a boost, multi positive support, the market offer to be high, the downstream plant although some replenishment behavior, but firm the growth of the demand side, still maintain the operation of single terminal Jiancang stock. Late, as part of ocean supply to Hong Kong, the goods inside the tight atmosphere eased slightly, limit the market to continue upward, and after the early continuous wide rise, demand growth follow fatigue, buying relatively high terminal conflict, but with the April outside the talks, some dollars wide upward, coupled with the current shortage of supporting part of the spot, middle sellers the mood is obvious, offer high holding firm, buying high priced terminal hesitate, trading in general.

The third phase (4-6 months): demand continued weakness in narrow down

After a rapid wide March domestic PC market pull up, the downstream plant cost pressure, coupled with the current demand for follow-up is weak, the downstream plant procurement more rational wait-and-see, high trading is not easy, middlemen offer delivery pressure, gradually loosening. And early in the device maintenance condition gradually resume production, the industry outlook manufacturers supply supply is expected to improve, to support a weaker market offer, in addition to spending the off-season gradually come, the market demand is shrinking, the lower factory orders enthusiasm is not high, the contradiction between supply and demand gradually highlight, industry mentality has been a certain degree of pressure, coupled with raw materials bisphenol A zoudie lead inside the bearish sentiment unabated, middlemen to avoid risks, the cautious, the overall market trading atmosphere performance is weak, but considering the $PC offer is still high, intermediate positions low, to some extent limit the market down.

The fourth phase (7-12 months): all positive Qi behind, contrary to expectation inflation

The second half of the domestic PC market offer continued to climb up, the three quarter gains more gentle, the fourth quarter rally is relatively rapid, the upstream market long time, manufacturers profit margins continue to deepen, the market offer a high in 2016, the reference of East China in the low-end mainstream injection level talks in 21200-22500 yuan / ton, compared to the same period last year, the highest increase to 38.89%.

The three quarter, the supply of goods on the market spot gradually tightened, and the raw material bisphenol A sharply upward, manufacturers profit margins being squeezed, the factory offer very price up, traders reluctant to sell low-cost, offer higher, but due to the G20 summit, downstream factories by production, limited production policy constraints, coupled with Hangzhou and the surrounding logistics operation poor, demand is shrinking, which restrict the market gains.

The fourth quarter of the market boom leading factors mainly include the following points:

First, manufacturers limited very up, stock shortage intensified. At the end of the year sales pressure of domestic PC production enterprises is not quite up to maintain the Trader Limited operation, firm on the market output is low, the spot market supply shortage, a hard to find goods has become the norm. In addition demand remains weak, traders having save worry, hailun cautious, high cost of goods stocking will further exacerbate the shortage of Jiancang, market outlook supply shortage degree.

Second, the implementation of new transport, logistics costs. At the end of September “transportation vehicle management regulations” implemented, shortly after the transportation costs continue to follow up, or in the vicinity of 35%, to further increase the cost of surface pressure.

Third, the RMB exchange rate against the dollar devaluation of the fast wide cost pressure. Since October, the RMB against the U.S. dollar exchange rate fell below 6.7, 6.8 and 6.9 in several important points, PC as the dependence on imports of up to 70% on the side of the product, the devaluation of the RMB exchange rate, directly increases the cost of imports of pressure, power exchange speculation rising mood.

Fourth, the cost of raw material bisphenol A support. Beginning in mid November, raw material bisphenol PC production enterprises soared, cost pressures increase, power production enterprises operating quite up to PC.

Fifth, the domestic supply side reform.

The current world economic growth prospects are still large uncertainties, commodity demand warming trend is not clear, the supply of commodity market factors still play a decisive role. The frequent international capital flows, not only failed to effectively drive the growth of the real economy, but to promote the excess flow to real estate funds, futures, gold and other virtual economy, these lead to asset price turns up, some support at the same time on commodity prices, but also exacerbated the volatility in commodity markets.

recently, the domestic market stability, the upstream raw material prices high finishing.

In January 16th the melamine plant shut down for maintenance, lack of inventory, not price. Jining Hongyun chemical melamine foreign factory price 7800 yuan / ton, inventory can, take the goods in general. Shanxi Feng normal production of melamine bearing two sets of equipment, daily output of 110 tons, three amine price stability, the implementation of 7800 yuan / ton factory, to discuss the actual turnover, inventory can be, take the goods properly.

In January 17th the domestic melamine market to keep steady, Shandong Hualu Hengsheng chemical Limited by Share Ltd three amine factory price 8000 yuan / ton, to perform pre orders; Shandong sainty three amine chemical factory price 7700 yuan / ton; Shanxi Feng Hesan amine price 7800 yuan / ton, Ku Cunzheng often go, general goods.

Near the new year, under the pressure of environmental protection, North China and East China three amine equipment operating rate decreased, while the downstream plate factory are also subject to certain restraint, market supply reduction contain continued weak demand in the downstream, also did not boost the market, the volume of products, manufacturers delivery pressure, so the short-term market consolidation operation.

It is reported that DAP yield 2017 annual design capacity grow with each passing day, more than 24 million tons, while domestic sales Co., the enterprise will be more reliance on export markets. In 2015 the abolition of export diammonium peak seasons, the annual unified tariffs of 100 yuan, annual export volume of 8 million 19 thousand and 300 tons of ammonium; 2016 and 2015 the same export policy, but because of the huge amount of exports in 2015, a major importer of India by the end of 2015 diammonium inventory of up to 2 million 600 thousand tons, the beginning of 2016, China diammonium export suffered heavy losses, as of November 2016. The export volume of 5 million 886 thousand and 300 tons of phosphate significantly reduced; in 2017, the abolition of diammonium export tariffs, domestic enterprises on the same level with the international fertilizer enterprises. It is reported that India at the end of December 2016 carryovers of about 1 million 800 thousand tons, and recently the main exporter of trading volume are less phosphate, diammonium market demand may be released, but in the global huge overcapacity pressure, exports increased sharply difficult.

Data show that 64% Chinese diammonium FOB port since the beginning of the November 2016 290 ~ 300 dollars, pull up to the present 320 to 330 dollars, or about $30, but the turnover is not optimistic, there are small orders, big loss, international buyers continue to short supply China.