Behind Tiantan biological electronics industry FSL. As a “dark horse”, its performance in 2016 net profit of 1 billion 77 million yuan, an increase of 1916.92%. company said that during the reporting period, in the macroeconomic downturn, the lighting industry overcapacity, fierce market competition and material prices and other unfavorable circumstances, the company increased R & D investment, constantly optimize the product structure, make LED product sales revenue increased rapidly.

Mason technologies, belong to Sunway communication electronics industry, achieved a net profit year-on-year growth of 166.16%, 141.52% in 2016, ranked sixth, ranking the performance increase of tenth. Among them, Mason said, the performance increase is LED business growth based on company endogenous growth and success driven dual epitaxial acquisitions; growth performance of Sunway communication will be attributed to the company in improving product market share, increasing product category.

It is worth mentioning that, regardless of the overall situation from the industry point of view, or from the increase in ranking number before the company, the chemical industry performance are very eye-catching. 26 companies in more than 50% performance increase of 8 from the chemical industry, such as kaimeite gas, oxiranchem, HTC new material in 2016 net profit increased by 144.15%, 136.07%, 133.40%, its growth performance were mainly due to the rapid growth of the company’s main product sales etc..

In addition, in the chemical industry, lithium battery company performance is quite outstanding. Among them, benefit from the new energy automotive market demand continued strong, Cangzhou pearl 2016 net profit of 486 million yuan, an increase of 126.39%; capchem last year net profit of 256 million yuan, an increase of 100.4%, the company said, the rapid growth of lithium ion battery electrolyte and chemicals in the country benefited from the new energy vehicle market appeared, production and sales situation the sales, orders increased significantly, to promote the company’s revenue and profit scale rapid growth.

One of the important factors of mergers and acquisitions also dress up the part of the performance of listed companies. The reporter statistics found that net profit increase of the top 10 companies, 3 companies have benefited from this. Jiangsu Shentong express results show that during the reporting period the company achieved.

Allring technology in 2016 net profit of 150 million yuan, an increase of 166.16%, the company will be the main reason for the growth performance during the reporting period will be summed up as: Internet advertising media acquisitions Beijing Dingsheng ccgood Network Marketing Co., Ltd. Beijing hundreds of millions of Wireless Information Technology Co. Ltd. consolidated.

At the beginning of 2016, China’s crude steel production capacity of about 12 tons, plans to cut the annual production capacity of 45 million tons. Specifically, the average monthly production capacity of about 1 tons, the average monthly production capacity of about 3 million 750 thousand tons to. Even if all the cuts are still successful monthly production capacity of 96 million 250 thousand tons. China’s crude steel production is still 37.5% of the average monthly floating space. Therefore, to restrain production of actual crude steel production to almost negligible. This shows that the needs and expectations is a major factor in steel prices in 2016.

In 2016 the “steady growth” and “three to drop a” macro policy, the steel market supply and demand and the actual situation in late 2015 and early 2016 the market is expected to change greatly. July 2016 began to capacity enforcement upgrade, coking coal coke and steel industry capacity to differences in execution, and the manufacturing of steel demand than expected growth, caused by the mismatch between supply and demand of coking coal coke, coke prices soared and then promote, from the cost push steel prices upward.

For manufacturers, strict control of production capacity in the country’s policy is expected to resume production, manufacturers enthusiasm will be hit, to bank loans for the production difficulty increases, the data showed the inventory decline etc.. Since 2016, steel inventories remained on a declining trend in fluctuation. In December 2016 the total inventory of 7 million 530 thousand tons, a decrease of 335 thousand tons, down 4.3%. The steel market total inventory of 6 million 690 thousand tons, a decrease of 298 thousand tons, down 4.3%; the port inventory 850 thousand tons, a decrease of 37 thousand tons, down 4.2%. For investors, the capacity to make strict policy of futures market price becomes more sensitive to feedback on the spot market price to cycle.

5 chemical product prices mainly affected by the upstream cost push

According to statistics, in 294 different types and specifications of chemical products, nearly 80% chemical products in 2016 rose. Among them, led by rubber chemicals. Start in the market prices of chemical products significantly later than coal, steel and nonferrous. Coal, steel and non-ferrous metals prices in the first half of 2016 started market prices. The chemical products prices basically stable in the first half of 2016, especially in the second half of November rose more obvious market. In addition to the market to start with coal, steel and nonferrous in time later than the fundamentals of supply and demand of chemical products has improved, but the improvement of co.. In 2016, the above scale chemical raw materials and chemical products manufacturing value added growth of 7.7%, growth of 6.1% chemical fiber manufacturing industry grew 7.6%, rubber and plastic products manufacturing, respectively, down 1.8 over the previous year, 5.1 percentage points and 0.3 percentage points.

In addition to the fundamentals, but also by the prices of chemical products of crude oil, coal and steel prices, logistics costs increase promote upstream costs rise. In 2016, the crude oil market rebounded at the end of the year, WTI crude oil has exceeded 50 U.S. dollars / barrel mark, or 46.91%. In addition, the devaluation of the RMB exchange rate is the cost of imported raw materials and chemical products rose. For example, ethylene glycol, styrene, PX imports a larger proportion of the products directly affected the cost of imports rose sharply. Coal prices also contributed to acetic acid, propane and other related chemical products prices.
From September 21, 2016 to July 31, 2017 by the Ministry of transport, Ministry of industry and information technology, Ministry of public security, State Administration for Industry and commerce, quality inspection administration nationwide focus on the three “special action”, that is to carry out remediation trucks a year illegal modification and remediation special action illegal road freight vehicle overloading behavior special action, carried out a two-year vehicle transport vehicle joint enforcement action. And the implementation of “transportation vehicle management regulations” strictly in September 21, 2016, the production enterprises can no longer be used by illegal means to reduce logistics costs.

The current price trend of industrial production field

1 industry deflationary pressure has been lifted

In 2016, China’s industrial producer prices (PPI) year on year decline continued to narrow. The September 2016 PPI rose from negative to positive, since the end of the 2012 year since the beginning of last 54 months the decline of the situation, has important symbolic significance, that production tends to ease deflationary pressures. In 2016, PPI fell 1.4%, a decline narrowed 3.8 percentage points over the same period last year. The factors and the new price hikes were -2.6% and 1.2%, the new price factors have positive positive significance to the enterprise production and expected profit. In terms of industries, in 2016 industrial producer prices mainly affected by black, non-ferrous metals, coal and oil prices rise and other related industries.

There is no room to rise 2.PPI chain

In 2017, subject to financial constraints, the operation situation is expected growth in infrastructure investment will maintain a steady decrease slightly. Around the introduction of real estate policies, the real estate cycle into the downward phase, is expected to 2017 real estate investment growth will be lower than in 2016. The real estate adjustment will make the investment and production of household appliances, cement, building materials and other related industries decline. The purchase of small cars and the expiration of preferential policies, automobile production and sales growth will return to normal.

Overall, in 2017 the demand for iron and steel, coal, nonferrous metals, cement and other industrial prices do not support the formation of. There is no significant contraction in the supply side case, based on the price of major industrial products in the current price level to maintain the operation situation of a steady decrease slightly.

Comprehensive judgment, 2017 PPI mom will remain stable or decline, there is no room to rise. But due to the hikes in the PPI year will maintain a rising trend, the annual increase of about 3.5%. Among them, the first quarter rose about 6%.

chemical factory operating rate is the current domestic octanol, Heze Oriental device is currently running; Hualu-Hengsheng 80 thousand tons / year octanol unit operating normally, the weekly plate strong; Jiangsu Huachang Chemical octanol unit annual production capacity of 80 thousand tons, the maintenance plan.

Manufacturers offer continuous weeks octanol continuous rising trend, today Shandong, Jiangsu and Zhejiang market consolidation operation; including Rusi, lihuayi, Qilu octanol executive 7700-7800 yuan / ton, and Bohai, execution of Cymbidium Hualu 7700 yuan / ton, Jiangsu Huachang octanol offer 8050 yuan / ton.

February 6th Jiangsu Huachang Chemical octanol unit normal production at present. The basic full load operation, mainly the implementation of the contract goods sales, alcohol factory price in 7650-7750 yuan / ton. The shipment is basically normal, the current inventory is not high. PetroChina Daqing Petrochemical oxo unit at normal operation. Today the latest octanol factory price at 7050-7250 yuan / ton. The device starts loading 6-7%, the main part of the fixed supply contract, smooth delivery, the octanol inventory is not high.

Today’s spot market turnover of the atmosphere calm, high market price stability. But the market outlook based on the days of a maintenance plan, and Qilu May 5th -6 19 unit plans to overhaul the overall market outlook, manufacturers supply still tight, the Lantern Festival is expected to continue to rise downstream factories, plus propylene will continue to firm influence, manufacturers expected hike will continue, the market rally is expected to remain strong

technology [gaide] Recently, Beijing City, Beijing Institute of veterinary drug control Fisheries Technology Extension Station in China government procurement network risk assessment of the quality and safety of livestock and poultry products in Beijing in 2016 Beijing city center equipment and aquatic products quality safety risk assessment center equipment purchase project issued a tender notice. Announcement shows that this instrument is mainly purchase two units for mass spectrometry, chromatography and spectral instruments, the total amount of 56 million 630 thousand yuan purchase.

According to public bidding information, the purchase of the mass spectrometer at least 8 Taiwan, instrument types include: – quadrupole Orbitrap high resolution tandem mass spectrometry, liquid chromatography tandem quadrupole mass spectrometer, four tandem time-of-flight mass spectrometer, comprehensive two-dimensional gas chromatography tandem mass spectrometry, three level Four gas chromatography tandem mass spectrometry, liquid chromatography tandem mass spectrometer and so on inductively coupled plasma atomic emission spectrometry; procurement of chromatographic instrument types including liquid chromatography, ultra performance liquid chromatography, gas chromatography, preparative chromatography; spectrometer type procurement including inductively coupled plasma emission spectrometer, Fu Liye transform near infrared spectrometer.

In February 14th 24, the oil price adjustment window will open again. In this regard, Zhuo, lung Chung Petrochemical net oil analyst told reporters today, is expected to increase in the current round of oil 50 yuan / ton.

The pricing cycle, and crude oil continued high narrow range, leading to low volatility when the rate of change of crude oil, refined oil adjustment corresponding to the right in the price adjustment red 50 yuan / ton, the current round of oil price adjustment, and not only in the line adjustment. According to Zhuo learned from the parties, the current round of increases in the probability of a larger, while the price adjustment or face aground.

Lung Chung Petrochemical Network Analyst Li Yan believes that the current international crude oil prices, the next round of oil price adjustment will start showing a slight upward trend, corresponding to the increase rate of only about 5 yuan / ton, this rally is extremely unstable. The good and bad factors of international crude oil market is still in the game, although the organization of Petroleum Exporting Countries (OPEC) producers cut the execution rate of more than 90% in the ideal state, but the market has been ahead of time to digest this expected, while U.S. crude oil production increased by industry concerns, in addition to non OPEC oil producers cut performance the poor, but also bring a certain inhibition. At present, 2 important events during the second half of the lack of guidance, continued high and volatile oil prices are likely to pose, and lack of mobility. It is expected that the next round of oil price adjustment stranded probability.

The demand side, the background of continued investment in the real estate regulation and upgrade infrastructure, expects China’s iron ore imports will remain slow growth; $500 billion infrastructure investment plan the United States Trump will bring new increment for the global shipping market; to see, according to the IMF forecast for the next three years of global GDP the growth rate of coal, grain and other bulk cargo shipping amount varieties compared to 2016 growth is expected to further improve.

A moderate rebound can be expected

Dongxing Securities report optimistic forecasts, 2016 this cycle of dry bulk, dry bulk shipping cycle recovery has been opened. 2017 BDI big trend is expected to exceed expectations, is expected to an increase of 33%-63%, in the long term there is still room to rise.

Used or BDI index, it is expected to usher in a super cycle?

“The container sector has bottomed out, a short time to carry freight rising with the off-season coming eased, to solve the problem of global excess capacity still needs time.” The Kawasaki (Kline) said.

CITIC Securities commodity business line senior manager Xu Xiao pointed out that the BDI base is quite low, moderate rebound is not out of the shipping market and, after falling bottoming out higher risk. In addition, the rise of the market is usually made by the new requirements appear to provide. President Barack Trump’s $500 billion infrastructure projects have been on the market a number of agencies that benefit the global ore trade, 2017 will be the catalyst of the dry bulk market.

According to the calculation results of an organization, Trump’s $500 billion infrastructure investment plan once effective incremental demand for shipping a year will give an additional 1.5%-2.6%.

However, Xu Xiao pointed out that considering the current fleet facing obsolescence or loss, overcapacity leads to long-term rates at low levels, and the ship financing more expensive and difficult; at the same time, the development of the industry is also facing the challenge of global economic uncertainty, oil prices continued to remain low, also should avoid overly optimistic.

“In fact, the shipping cycle has been from the second quarter of last year began to recover, the shipping cycle recovery lag the recovery of the global economy almost half a year or so, commodities are periodic recovery characteristics from the beginning of last year, the global economic data also show that the 2016 recovery is good, this is the basis of shipping cycle recovery. But we think it is a weak recovery, the future will be repeated, at least not back to the level of the first quarter of last year.” Jiang Xingchun said.

“In the shipping industry, many enterprises’ winter ‘ship even by means of loans to employees in the market saturation condition, holding a protracted war attitude, hold high cost under the old boat, waiting for the market has been heating up. The factors that lead to market oversupply cannot completely change.” CITIC Securities (600030, shares) commodities business line vice president Yu Shikai said.

The freight downturn, in 2016 the dismal performance of shipping enterprises. COSCO Haikong expects 2016 loss of 9 billion 900 million yuan; the long voyage phoenix net profit is expected to 1 million to 13 million yuan, representing a decline of about 90%. Internationally, Japan’s three largest shipping companies have released 9 months before the 2016 fiscal year (April 1st to December 31st) earnings. The shipping market downturn, three aircraft business revenues were down there, and the full year profit is expected not optimistic.

“As a result of long-term market downturn, business enterprise more and more high pressure vessel. Considering scrapping prices, shipping enterprises choose to tear down the old ship update blood, some companies also choose mergers and similar market share and competitiveness, improve. After this round of survival of the fittest, the imbalance between supply and demand market will be restored.” Yu Shikai pointed out that.

The United States Securities analyst Chen Kai believes that the dry bulk shipping market since 2017 is expected to enter a new period of recovery, recovery is expected to come mainly from the supply side capacity of the new is slowing down and the demand side continued slow recovery.

The supply side, in the dry bulk market downturn, the owner more cautious on the old ship dismantling superimposed on new capacity is not reduced, the bulk market order capacity is only 12%, over the past few years is low.

In recent years, the agricultural development is very rapid, the pesticide industry is also a rapid change with a variety of new pesticide products, and plant protection technology is developed, the present situation and prospects of China’s pesticide market for a specific analysis:

2016 “small” characteristics, prevention of diseases and insect pests area decreased by 9.8%. In 2016 China’s major crop pest occurrence year overall for medium, diseases and pests occurrence area of nearly 6 billion 300 million acres, 10.8% less than the previous year, control area of 7 billion 600 million acres, 9.8% less than the previous year.

The pesticide industry continued to show a “small” feature

Specific performance, revenue growth decline, weak demand, the majority of product prices continue to remain low, pesticide pesticide price stability, market oversupply. Overall, 2016 is still hovering in the low profit period guaranteed pesticide.

The use of fungicides increased

According to a preliminary survey of the provinces and municipalities, pesticide dosage decreased, increased by the use of fungicides, herbicides increased slightly, rodenticide use flat, plant growth regulator dosage increased, the import amount of pesticide use ratio increased year by year.

Two 017 years, Yaoxie into the biggest growth point, next year the demand for pesticides pre cut 2%

According to the statistical analysis of the preliminary forecast of the 31 provincial plant protection system, the total amount of the pesticide demand in 2017 (commodity) is expected to be 920 thousand tons, 100% weight of nearly 300 thousand tons, about 2% less than the previous year. The total amount of pesticide demand declined, biological pesticide dosage increased obviously.

Plant protection equipment upgrades will accelerate

It is expected that in 2017, Knapsack sprayers demand continued to decline, with electric power sprayer, will gradually replace the knapsack sprayers. Large and medium-sized spraying machinery is expected in 2017 will continue to grow, professional cooperative organizations, new business entities will become the main force in the purchase. China in 2017 to implement a new round of animal and plant protection project, will certainly to our country plant protection machinery upgrade provides a good opportunity.

Plant protection UAV will continue to grow

Plant protection UAV operation area has increased year by year, especially in the field of rice disease control more and more proportion. Is expected in 2017 will continue to increase protection of uav. UAV production enterprises will shift from selling machine to sell service. The UAV flying hand will become a hot market occupation, a serious shortage, need to attract attention.

in February 6th, n-propanol market running smoothly. Ethylene upstream of the overall trend of the market is stable, the cost of support is relatively stable.

February 3rd 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. 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.

At present, the price of water is alcohol in Jiangsu in 9400-9800 yuan / ton, 100 thousand tons of new materials Nanjing Nuoao propanol unit in normal operation, this factory price 9350 yuan / ton, a single look at the amount of talks. The normal operation of Nanjing Rongxin chemical 60 thousand tons / year n-propanol device, today the factory acceptance price 9200-9300 yuan / ton, mainly for personal use, a small amount of export.

In view of the dealer price still retained, price is not easy to cause specific discussions or monitoring will differ, there are differences between each region, mainly discuss the real single.

at present, the domestic market continued weak market consolidation hydrochloride.

The price of the market in Zhejiang in February 4th to maintain the stability of hydrochloric acid with high purity: 31% synthetic acid factory price in 200-250 yuan / ton, high-end price 300 yuan per ton, the by-product hydrochloric acid delivery flexible, take the amount of shipment, general. The market outlook is expected in Zhejiang market steady operation of hydrochloric acid. The market of Tianjin market temporarily stabilized, high purity acid factory price in 300-400 yuan / ton. Two Tianjin chlor alkali enterprises equipment operating rate of 100%, is expected to continue steady trend. Shaanxi area market hydrochloride temporary stability, relatively low operating rate of hydrochloric acid, 31% acid synthesis in the ex factory price 150 yuan / ton, the by-product hydrochloric acid low price of 100 yuan / ton. The local monthly production of 10 thousand tons of hydrochloric acid, the latter is expected the market more stable. Dezhou Shihua Chemical Co., 31% synthetic hydrochloric acid factory price to 50 yuan / ton, stock price is manufacturer of hydrochloric acid, the actual. Shandong Xinfa hydrochloride unit runs smoothly, the factory price of 20-100 yuan / ton, the actual transaction price negotiable, go off normal.

At present, the price of hydrochloric acid Market in Zhejiang area remained stable: 31% synthesis of acid and high pure 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 shipment, general. The market outlook is expected in Zhejiang market steady operation of hydrochloric acid. The market of Tianjin market temporarily stabilized, high purity acid factory price in 300-400 yuan / ton. Two Tianjin chlor alkali enterprises equipment operating rate of 100%, is expected to continue steady trend.

Today, the domestic market is still stable with hydrochloric acid, much change in recent domestic market outlook is expected to offer not hydrochloric acid, hydrochloric acid prices are still weak market.