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Indonesia allows two companies to export bauxite and nickel ore

JAKARTA (Reuters) – Indonesian ministry ministry officials said Tuesday that Indonesia has issued a letter of recommendation to allow two companies to export ore, gil buying ffxiv after which the government relaxed the export ban on raw ore in January.

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The State Council issued the “salt reform plan” pointed out that the breaking of salt production enterprises can only be sold to the wholesale business

The State Council issued the “salt reform plan” pointed out that the breaking of salt production enterprises can only be sold to the wholesale business, salt wholesale enterprises can only be specified in the specified provisions of the scope of sales, allowing salt production enterprises to enter the circulation and sales areas, Canotte New Orleans Pelicans ADIDAS Crazylight Boost 2016 Low

salt wholesale enterprises to carry out cross regional business, establish a comprehensive competitive market structure.

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Development and Reform Commission data show that the main body of China’s salt market supply more salt production enterprises registered has about 300, nike air max 2012 Canotte Los Angeles Lakers circulation enterprises more than 4 thousand.

Although many manufacturing enterprises, circulation enterprises are many, adidas gazelle femme bleu but compared with some developed countries, the relative lack of salt category development in china. Josh Huff Nike Roshe Run Femme In developed countries, Nike Air Max Uptempo some salt up to thousands of varieties.

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Acrylonitrile prices rose quickly, climbed to a five-year high

The recent rapid rise in the market price of acrylonitrile, has risen to the past five years, the high price, rising speed so many companies stare, the reason, the supply of business is still constantly mentioned reasons.

Qilin Petrochemical, Qitai Petrochemical and Jilin Petrochemical No. 1 and No. 3 acrylonitrile plant has not restarted, involving capacity of 314,000 tons / year. Acrylonitrile as a whole supply of tension, the formation of high selling favorable support. And businesses can sell less supply, coupled with optimism in the market outlook, to further promote the market hike. Up to now, Shandong region acrylonitrile short distance to the price of temporary reference 15600-16000 yuan / ton, individual higher, the price varies, a small single transaction reference 16,000 yuan / ton, to discuss the main transaction.

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From the demand side, ABS mainstream factory plant started well, the industry started as high as 9.5 percent, the demand for acrylonitrile smooth. Although the acrylic industry is currently flat, but because of the traditional sales season, Qilu Petrochemical acrylic parking device factory is still expected to resume work, will enhance the industry as a whole, thereby increasing the procurement of raw materials acrylonitrile. And acrylamide and other applications are also actively with the raw materials. Up to now, acrylamide crystals to the reference 15,000 yuan / ton and above, and the mainstream manufacturers started normal inventory continued low, but also on the acrylonitrile market exploration to form a clear support.

From the market outlook, in October with the addition of acrylonitrile import sources, as well as Jilin Petrochemical parking device restart probability is large, the market supply situation may be eased, when the acrylonitrile market fried atmosphere or can gradually fall.

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US and Brazil fuel ethanol market to China ‘s reference

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.

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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.

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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.

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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.

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Ethylene glycol prices are high support, and ethylene oxide is raised again

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.

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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.

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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

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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.

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Minnesota made the legislation for using nitrogen fertilizer

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.

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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.

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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.

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January-May iron ore, crude oil and natural gas and other commodity imports and prices rose

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

Epichlorohydrin, bisphenol A weak, epoxy resin prices fell

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.

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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

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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.

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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

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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

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.

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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).

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The domestic crude oil production declined producers contributed

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.

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