Fuel ethanol, as a clean energy source, is internationally recognized as a new type of energy that reduces environmental pollution and replaces petroleum fuels. At present, the world has dozens of countries to implement fuel ethanol, the United States, Brazil, China ranked the top three in the world.

According to the data, the global fuel ethanol production in 2016 is about 75 million tons. The annual production of fuel ethanol in the United States and Brazil reached 44.22 million tons and 21.88 million tons respectively, ranking the world’s top two, accounting for more than 80% of the world’s total. In 2016, China’s fuel ethanol production was 2.6 million tons, with a total of about 26 million tons of ethanol gasoline (10% ethanol mixed gasoline), compared with 20% of the total gasoline consumption in the year. China’s fuel ethanol development compared with the United States, the gap is huge.

Fuel ethanol is a typical policy-driven industry. The United States and Brazil through policy support transition, and finally embarked on the road of market, China’s future development provides a good reference.

—- US experience: for the development of bio-fuel ethanol legislation and give subsidies, with regulatory and technological innovation.

Preferred is legislation. In 1978, the United States promulgated the “Energy Tax Act” to reduce the personal income tax of fuel ethanol users, open the application market. In 1980, the enactment of the bill from Brazil imported ethanol levy high tariffs to protect their industries. In 2004, financial subsidies were provided directly to fuel ethanol vendors.

Followed by strict supervision. Government departments strictly implement the relevant laws and regulations and policies, including manufacturers, gas stations, corn growers, including enterprises and stakeholders to monitor.

Once again to support technological innovation. Development of Cellulose Fuel Ethanol. Driven by demand, in order to protect the supply, the United States to develop policies to develop cellulose fuel ethanol, and by the government to give financial support.

Rely on policy support and technological innovation, the United States has become the world’s leading producer of fuel ethanol industry.

- Brazil experience: through the early “National Alcohol Project”, the transition to the later market.

Brazil in the early launch of the “National Alcohol Project”. The program is led by Brazilian government departments and national oil companies, including price means, total planning, tax incentives, government subsidies, matching standards and other policies, the fuel ethanol industry for strong intervention and control. The implementation of the plan laid the foundation for the Brazilian fuel ethanol industry.

Late policy exit, to market. Since the new century, Brazil has gradually reduced its policy intensity, relaxed price limits, and handed over to market pricing. At the same time, the Brazilian government is actively promoting flexible fuel vehicles, consumers can be based on gasoline prices and fuel ethanol prices compared to the flexible choice of fuel, thereby promoting the use of fuel ethanol.

Through the pre-national planning and post-market, Brazil fuel ethanol also achieved a healthy and sustainable development.

In 2016, China’s dependence on crude oil has been more than 60%. Moderate development of fuel ethanol is a strategic option for energy security and the environment. Asian chemical consulting that China should learn from the successful development of foreign fuel ethanol industry experience, combined with their own resource endowments and technical reality, the development of Chinese characteristics of the fuel ethanol industry.

Through the coal (syngas) or coke oven gas as raw material to produce ethanol, Celanese (Celanese), Langze (LanzaTech), Inge (Inoes), Chinese Academy of Sciences Dalian Institute of Chemistry, in the dissolved technology and other enterprises and institutions have made technological breakthroughs Or commercialized. Compared with the traditional food law of ethanol, coal (syngas) ethanol has a significant cost advantage. Is expected to become a modern coal chemical industry demonstration of the new direction.

July 31 due to insufficient supply of the market, making the domestic ethylene oxide rose again. Raw materials continue to rise in ethylene support, ethylene glycol strong trend, ethylene oxide market support efforts to grow.

At present, due to the strong market trend of ethylene glycol, most ethylene oxide plant converted ethylene glycol, and further strengthen the supply of ethylene oxide market problems. And downstream of the water-reducing agent and that the active agent trend is acceptable, good trading. However, due to the late operation of new devices, supply shortage will be eased, the latter will be blocked by a sharp rise.

Ethylene glycol

Last week, the crude oil market began to rise significantly, to a certain extent, support the ethylene glycol market mentality. The recent downstream production and sales flat, but the terminal unfavorable factors still need to pass up, the current polyester start to maintain high, cash flow can be finished, demand side performance will remain stable.

Port stocks rose slightly last week, but the overall is still in a low position, ethylene glycol is expected to remain high and volatile.

Ethylene

Last week by the downstream demand for styrene and ethylene glycol support, while the cash supply tight, ethylene selling plate raised last week, Asian ethylene prices rose 20-30 US dollars / ton. Last Friday CFR Northeast Asia prices in the 990-992 US dollars / ton, CFR South East Asia prices in the 905-906 US dollars / ton.
The same time as

Recently taking into account the corresponding device production and other factors, selling mentality is relatively optimistic, more intention to take the goods at high prices.

Ethylene oxide

The current ethylene glycol strong trend, strong support for ethylene oxide, ethylene oxide plant is prolific ethylene glycol; In addition, the new device Sloan production or will ease the market supply situation, but also Not a substantial heavy volume, the market supply shortage is still scarce.
The same time as

On Friday, ethylene oxide business offer up, the market mentality for the better. As the pre-market supply is insufficient, the current take the goods generally good, although the new device put into operation, but the shortage can not fill the market gap. Ethylene oxide market is expected to rise slightly in the short term, long-term rise in pressure.

June 27, the United States Minnesota Department of Agriculture (MDA) official website shows that the Minnesota Department of Agriculture will be the nitrogen fertilizer bill for public hearings hearing from the original five games increased to seven games. All opinions must be in written form and can be communicated through hearings, MDA official website and mail. Public consultation date as of August 11. The N Fertilizer Regulations aim to minimize the possibility of nitrate nitrogen in groundwater and drinking water in the state by controlling the use of nitrogen fertilizer in Minnesota. MDA is expected to pass the regulations in the fall of next year. By then, Minnesota will be the first legislation to limit the application of nitrogen in the US state.

It is understood that nitrates are the most common pollutants in Minnesota groundwater. Excessive nitrate in drinking water can cause serious human health problems. The Minnesota Department of Health (MDH) sets a 10 mg / liter standard for drinking water nitrate levels. Private wells should be used as a safety guide.

The Ordinance is divided into two parts. The first part requires the application of nitrogen fertilizer in autumn or permafrost according to the distribution of groundwater fragile areas. The groundwater fragility zone refers to bedrock and karst geology in the near-surface soil saturated water conductivity of more than 1.42 inches per hour. If more than 50% of the area is a groundwater fragile area, nitrogen fertilizer will be banned in the fall and permafrost of the area. If a region of the groundwater fragile area does not exceed 50%, nitrogen fertilizer in the fall and frozen soil will be limited application. In the second part, four kinds of methods to reduce the nitrate content of groundwater are proposed.

According to the data released by the General Administration of Customs on the 8th, the total import and export value of China’s goods trade was 10.76 trillion yuan, up by 19.8% over the same period of last year, of which the export was 5.88 trillion yuan, up by 14.8% , Up 26.5%; trade surplus of 994 billion yuan, narrowing 21.1% .5 May import and export value of 2.35 trillion yuan, an increase of 18.3%, of which exports 1.32 trillion yuan, an increase of 15.5%; imports 1.03 trillion yuan, 22.1%; trade surplus of 281.6 billion yuan, narrowing 3.4% .According to the dollar, May exports grew 8.7%, 8% for 3 consecutive months. Analysts pointed out that the export momentum to maintain better, mainly because the external demand Improvement and year-on-year low base. However, taking into account the international market uncertainty is still more, the future export growth may fluctuate, but the annual export is expected to achieve positive growth, export situation is better than the past two years.

External demand improvement boost exports sodium persulfate

“External demand continued to improve, domestic demand is still strong, both imports and exports in May than expected.” Founder Securities chief economist Ren Zeping said.

Data show that the first five months, the EU is still China’s largest trading partner, the total trade value of 1.6 trillion yuan, an increase of 16.1%, accounting for 14.8% of my total foreign trade.China is China’s second largest trading partner, ASEAN, Japan, three or four.

Export, mechanical and electrical products, traditional labor-intensive products are still the main export of China. In the first five months, the export of electromechanical products was 3.37 trillion yuan, up by 14.2%, accounting for 57.3% of the total export value. The total consumption of garments and textiles was 1.2 trillion yuan, up 12.8% The value of 20.3%.

Huatai Securities chief macro analyst Li Chao said that from the country data, the US exports continue to maintain a strong momentum, the early growth rate of ASEAN exports significantly rebound, which is the main reason to support the growth of exports. But because the US economic data is still weak in the second quarter, commodity prices to repair into the platform period, coupled with the May Morgan global trade leading index fell significantly, is expected to weaken the possibility of future global trade increased.

General Administration of Customs announced that China’s export trade index for May was 41.1, up 0.4 from last month; the export manager’s index was 45.2, up 0.4 from last month.

Bank of Communications chief economist Lian Ping said that the export momentum to maintain a better, both the reasons for the improvement of external demand, but also the reasons for the same low base. Foreign demand, the recent emerging market economies as a whole to the good, developed economies running smoothly, the European “black swan” event risk weakened. In the same period, the export growth rate in May last year was -6.9%.

Liu Xuezhi, a senior researcher at the Bank’s Financial Research Center, said that although the uncertainties in the future international market are still high, the future export growth is not ruled out, but the annual export is expected to achieve positive growth and the export situation is better than the past two years.

CITIC Securities chief economist Zhu Jianfang pointed out that the export chain rebounded stronger than imports, May trade surplus has expanded, is expected in the second quarter exports on GDP growth will be more than the first quarter of the promotion. Overall, the momentum of the current economic recovery in China is still good.potassium persulphate

Confirmed the economy to the good momentum

General Administration of Customs data show that imports rose 14.8% in May, for five consecutive months to maintain double-digit growth. The first five months, iron ore, crude oil and natural gas and other commodity imports and prices rose. Imports of electromechanical products increased, of which imports of 47 million vehicles, an increase of 25%.

Li Chao believes that import growth is expected to be due to infrastructure and real estate to domestic demand, the slowdown in domestic demand may be slower than expected.ammonium persulfate

Niuzhou Securities Global Chief Economist Deng Haiqing pointed out that the May import data “beautiful reversal” reflects the weakening of April import data is only the peak of commodity prices and other short-term negative factors superposition, should not be bearish economy logic. Although the current second and second tier cities housing prices may be gradually transferred to the real estate investment, the formation of a certain drag on the investment, but the economy will not appear at the bottom of the second, the import data in May once again strong and PMI data is good economy is good Best proof.

Lianping is expected that the future import growth may drop to single digits, because commodity prices are difficult to continue to rise sharply, some agricultural prices index has dropped, metal, industrial raw material price index may be shock or decline. Industrial producer purchase price index has narrowed, the future price of the lifting of the role of imports or gradually weakened.http://www.potassium-persulfate.com

Throughout the upstream and downstream epoxy resin, environmental pressure under the low operating rate, to inventory slowly. As the weather gets hot, the downstream terminal market is light. The market no favorable news, the overall weakness.

Epichlorohydrin

At present, there are two kinds of domestic manufacturers of epichlorohydrin, propylene and glycerol method, because of the cost of technology, glycerol factory facilities to maintain the majority of low-load operation, the market spot to propylene-based. By the recent decline in the crude oil market, propylene prices continued to decline. For now, epichlorohydrin spot price support role is limited.

Epichlorohydrin

Due to the impact of different process start state, the market spot to the main source of propylene, the market temporarily stable stock. But the latter part of the glycerine factory plans to restart the device, the market supply has increased the trend. While the lower demand for lower epoxy resin, terminal market demand downturn, lack of support for the price of epichlorohydrin.

Bisphenol A

As a direct source of bisphenol A, the effect of phenol on bisphenol A is particularly pronounced. The phenol market at the beginning of last year when the market price of 8800 yuan / ton near today (May 9) phenol market price of 6700 yuan / ton near the decline of 23.86%.

phenol

At the same time the northern region of environmental protection thorough investigation, the downstream business started limited, the market supply and demand contradictions to curb the market upside weak, also makes the bisphenol A industry, the lack of confidence in the follow-up costs, very price weakness.

Throughout the bisphenol A upstream and downstream dynamic, bad news mostly, HC Chemical Network analyst Zhang Yifan that short-term bisphenol A weakened.

Epoxy resin

As the weather gradually heat up, the resin industry will also enter the off-season, upstream raw materials upside down, the downstream demand is light. At present, the resin factory itself is still in the digestion stage, can only keep the low price to win the market share. In environmental protection under pressure, the majority of manufacturers shutdown state, to inventory pressure, while the manufacturers competing shipments, the mainstream market gradually replaced by low-cost goods.

The current field without good news boost, the market to inventory-based, is expected to short-term weakness in epoxy resin shock

The recent domestic producers to cut output in international oil prices by OPEC is expected to reach an agreement to cut output and stabilized the occasion. So far this year, oil prices rebounded strongly, currently hovering at $52 / barrel level, but compared with the mid 2014 price level still fell more than 50%, which makes some of the upstream enterprises is still difficult to obtain profits.

According to the oil official newspaper reported earlier this month, the Group Chairman Wang Yilin promised to adjust the company’s Crude oil production plan, strive to reduce inefficient output in the fourth quarter”. In addition, the oil companies of Sinopec petroleum engineering technology services company, because the industry price downturn, weak demand, net loss of 1 to September will reach 8 billion 900 million yuan ($1 billion 300 million).

On October 19th, Chinese announced the National Bureau

of statistics data show that in September China Crude oil production fell by 9.8% over

the same period last year, this is the history of the second decline than datong.

The reason, the main domestic Oil producers in order to control the cost and a high cost

wells shut down “not”.

The National Bureau of statistics data released Wednesday showed that in September China

Crude oil production fell to 15 million 980 thousand tons, or 3 million 890 thousand

barrels / day. The daily output of six year lows, reflecting domestic spending cuts and

oil aging effects brought by shutting down the well.

Black color, rising enthusiasm quickly transferred to the chemical field, days of all varieties were unilateralism, methanol, plastics (10565, 55, 0.52%), PP rose nearly 4%. asphalt 1706 contract early straight up, strong break the pre shock interval, hitting the daily limit of 2968 yuan / ton, a stage high, closed at 2938 yuan / ton, up 5.91%. after asphalt downstream inventory is low, and the coking material prices remain strong, the Northeast refinery coking materials to maintain production, the overall increase of asphalt resource co.. While the festival of northern winter demand stable release, spot prices strong than expected, so the price up plenty of confidence. The rubber rose more than 5%, as a new high. The supply side is currently in the rubber stop cutting period, this is in a strong period, while demand for optimistic expectations of renewed support, rubber prices follow the overall atmosphere of strong commodity.

Chemical soaring investors began to focus on how to interpret the bellwether in crude oil futures. The beginning of November 14, 2016, the international oil price from $44 / barrel once stood 56 U.S. dollars / barrel, since the cumulative increase of 24%. for this round of rally, the organization of Petroleum Exporting Countries (OPEC) production is a thunder.

In November 30th, OPEC made the decision at the Vienna meeting, members of the collective cut 1 million 200 thousand barrels of daily crude oil production, the average daily output of 32 million 500 thousand barrels in the peak control, production agreement from January 1, 2017 implementation, for a period of 6 months, 6 months after the extension of the implementation of the agreement will continue to depend.

Not only that, in December 11th, OPEC and non OPEC producers reached fifteen years ago the first joint production agreement in Vienna, this is a landmark event, detonated long passion. Because the OPEC is no longer expected yield, slow growth in demand for crude oil, the market generally believes that in the second half of 2017 to the first half of 2018, global oil supply and demand is expected to achieve rebalancing.

application of composite polyurethane adhesive

Composite polyurethane adhesive is mainly used in packaging, printing, leather, textile and footwear, transportation, electronic appliances, furniture and building materials, safety protection, new energy, tobacco etc..

In four, the composite polyurethane adhesive industry

1. Since the reform and opening up, China’s composite polyurethane adhesive industry has been sustained, rapid and stable development, and has formed a certain scale of production, but from the industry point of view, medium and small scale composite polyurethane adhesive manufacturers in the industry is still the main body. According to incomplete statistics, the composite polyurethane adhesive production enterprises in our country as many as hundreds, most are for small and medium enterprises, distributed in 28 provinces and autonomous regions nationwide, with annual sales income of 50 million yuan or more and with independent technology based enterprises less than 10; and the majority of small and medium-sized enterprises production technology and management level is low, output is little and the product grade is low, difficult to deal with the modernization of production and the challenges of market competition.

The composite polyurethane adhesive as the high-end products in the industry, though started late, R & D investment is relatively small and historical reasons, domestic production enterprises in a few products on the technical level is unable to compete with international companies, but benefit from the application of new materials in the field of domestic development and the domestic economy 10 years of rapid development, still to maintain a strong momentum of development, production and sales of nearly 10 years of rapid growth, the average growth rate reached 20%.

In 2009 the domestic industrial added value growth of 11% in 2008 under the environment of China’s application in the field of plastic flexible packaging composite polyurethane adhesive production reached 215 thousand tons, still achieved a high growth rate of 26.5%, while at the same time, its sales accounted for only 5.5% of all kinds of adhesive products of total sales, but sales are the total adhesive total sales of more than 8%, has played an important role in the adhesive industry.

Five, the main industry development trend

At present, the composite polyurethane adhesive industry development presents the following trends

The expansion of application fields

As a high-end composite polyurethane adhesive adhesive, besides getting widely used in food, medicine, daily chemicals, precision instruments, instrument and electronic device and other traditional packaging field, in oil printing, household appliances, building materials, transportation, energy, security and other fields have begun to have a broad application.

The increase of industrial concentration

In recent years, the increasing users of composite polyurethane adhesive product quality, performance and environmental requirements, the brand awareness of enterprises in the industry continue to strengthen the market competition is becoming increasingly fierce. The overall trend of industry scale, intensive development, and constantly improve the industry concentration; the rapid expansion of R & D strength, a high level of technology enterprises.

The professional development

With the continuous innovation of domestic demand is gradually increasing, composite polyurethane adhesive application, according to customer requirements for product performance tailored special composite polyurethane adhesive will become the future development trend of high-end adhesive, it will put forward higher requirements of research ability and professional level of composite polyurethane adhesive production enterprises.

The import substitution trend

In recent years, in the part of the composite polyurethane adhesive products, domestic enterprises have made great progress in technology, this part gradually to replace imported products, and in the West shows giant to compete, and downstream customers to reduce their costs from the point of view, there is a strong demand to replace imported products, which also stimulated the domestic products R & D and production.

Six, the industry market competition pattern

Small and medium-sized enterprises of our country composite polyurethane adhesive industry in large quantity, widely dispersed, these enterprises in the technical level is low the product industry, products with lower profit margins in the industry, so the bottom of the Pyramid, have a small number of high-end composite polyurethane adhesive with independent intellectual property rights of the domestic enterprises, the main production technology content and higher margin products in the upper part, the industry in Pyramid; and the international giant by virtue of its strong R & D capability and brand advantages, through the establishment of a joint venture or production base in China to reduce the production cost, in the most high-end products in the market have obvious competitive advantage to achieve monopoly, the rate of technology research and development, at the top of Pyramid.

Composite polyurethane adhesive as high-end products in the industry, due to the enterprise research and development ability, technical level, sales channels and other requirements are very high, our long-term monopolized by Germany Henkel company, Dow Corning company, 3M company in the United States and other international giants, many domestic industries for composite polyurethane adhesives are dependent on imports or joint venture products. Since the last century since 90s, domestic enterprises, research institutes and other units gradually began to enter the field of product independent research and development, after many years of accumulated technology, gradually in the composite polyurethane adhesive products have independent intellectual development as the goal, to replace imports.

The field of plastic soft packaging is one of the most important applications of composite polyurethane adhesive, plastic soft packaging composite polyurethane adhesive after years of development, has its proportion of composite polyurethane adhesive production and sales reached more than 50%, with more mature markets. In 2009, China’s production of plastic flexible packaging composite polyurethane adhesive reached 215 thousand tons. At present, the domestic soft plastic packaging composite polyurethane adhesives market formed the following pattern: multinational companies most high-end products air break, domestic enterprises to improve concentration, attention segments, expand the high-end market share constantly, gradually realize the import substitution products. “Plastic composite flexible packaging adhesives Market Research” a “Chinese packaging industry”

Titanium dioxide in 2016 to achieve continuous counter attack, there are several reasons: a few years ago the market price of titanium dioxide has entered the end, at the same time, the cost of raw materials prices continue to rise, led to the strong price of titanium dioxide business will. Another important factor is the price of crude oil recovery. The third reason is that titanium dioxide itself demand growth, the domestic terminal and exports are greatly enhanced. In addition, titanium dioxide prices also cannot do without the supply end production operation deliberate.

Titanium dioxide in the domestic terminal downstream, mainly used in paints, plastics, paper, ink and other fields, which is the largest downstream coating of titanium dioxide, titanium dioxide consumption accounted for more than 60%. The relationship between the coating and the real estate is very close, real estate data from the terminal can change the demand of titanium dioxide is more intuitive to see. Although this year’s real estate industry is mainly to the inventory, but also in the hot property market actually stimulates new production and decoration needs. Since 2016, benefit from the real estate “replacing business tax with value-added tax(VAT)” policy driven, and real estate development, real estate tax against other sectors, real estate sales continued warming, sales area of 1-8 in 2016 the national real estate sales growth rate of 25.5%, higher than 38.7%. In the market driven, coating data also significantly compared with last year improved, 2016 1-7 months of above scale coating enterprise production accumulated over ten million tons, reaching 10 million 73 thousand and 800 tons, an increase of 6.92%, while the 2014-2015 annual output of over ten million tons in 8 months, in 2013 for 10 months.

In terms of titanium dioxide exports, 2016 also achieved explosive growth. From the latest data, in August 2016 China’s titanium dioxide exports 65419.682 tons, an increase of up to 70.25%. Titanium dioxide for 4 consecutive months, exports more than 60 thousand tons, and in the past month exports of 50 thousand tons have been excellent level, after all, China’s titanium dioxide month will yield about 200 thousand tons, exports accounted for more than 1/3 will undoubtedly greatly release domestic stocks, has become the most powerful bull market of titanium dioxide explosion point.

Titanium dioxide prices in addition to the above factors, also cannot do without the deliberate operation of the supply side, such as production. This is also reflected in the prices rising behind the industry environment remains grim and not standardized. The manufacturer of continuous price increases, but the single agents and customers have a greater bargaining space, to hold up terminal are flexible, often need to implement price through price increases again on a range, the market price is more chaotic, the same manufacturer of same type in different between the customer transaction price there may be a huge difference. Therefore, in the rising market is not all insiders are making money this year, titanium dioxide channel is not much better than in previous years, they are between the execution price and maintain customers tend to make profits on concessions, while also facing some manufacturers try to face the impact of the Internet trading platform and terminal.

Behind the titanium dioxide exports a large number of cheap prices, export prices in the first half of the basic $1500 / ton, while the three quarter rose to $1700 / ton, but the price is still too low compared to the domestic. The use of low-priced exports go, while domestic high profit situation, also upset the titanium dioxide export of the road is still a long way to go.

Continue to optimize the industry, the future remains positive

The titanium dioxide industry in China has finally ushered in a rare “bull market” after years of recession, the bull market will continue until when?

Due to the current export of titanium dioxide to maintain a good momentum of the real estate industry, the terminal also maintained a good momentum, from a historical perspective, the current price of titanium dioxide is not high, so the titanium dioxide prices there is still a large space.

In addition, the industry structure optimization in the self leading everything in good order and well arranged, for example with Sichuan longmang billions with or will be in this year made substantial progress, which will promote the continuous improvement of industry concentration.

In general, the titanium dioxide industry boom is good, the market is still in the uplink channel, the titanium dioxide, the latter trend is still optimistic expectations, the market is expected to rise or will be run through the year 2016. Even in 2017, as the supply side reforms, continue to accelerate the recovery of industry mergers and integration as well as the terminal industry, titanium dioxide industry is also expected to continue to rise steadily.