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.

Finance has long trichloroethylene weak market operation, enterprises operating rate less than the rate of 5, stocks are low, the downstream demand underpowered, trichloroethylene enterprises to maintain low profit space operation.

In November 20th, the domestic parts of trichloroethylene market overview:

By the end of the week the mainstream manufacturers, factory price 2685 yuan / ton, up 0.07%; this week chlorine market prices rose slightly.

Shandong province chlorine market price negotiation mainstream 50-100 yuan / ton.

Hunan factory price reported 300-400 yuan / ton, the export price is slightly lower, mainly to stability. The overall price increase of 5.05%, an adequate supply of liquid chlorine on spot,

Stable market in East China in the consolidation of trichloroethylene, bottled mainstream market 5400-6000 yuan / ton, Sanshui market mainstream 4700-5100 yuan / ton, the market supply is stable, the downstream industry and refrigerant cleaning industry demand, trading in general, still take the goods.

before the date of the domestic carbon market stability, regional carbon price: North China mainstream price 4200-5400 yuan / ton, East mainstream price 4900-5200 yuan / ton, Southern China mainstream price 5000 yuan / ton.

It is reported that in January 17th, Shandong chemical Limited by Share Ltd Itsuki N220 CB price is 4600 yuan / ton, price stability. Hebei Shi Bei Rubber Technology Development Co Ltd of N220 carbon price is 4700 yuan / ton, price stability. Shanxi Hengda chemical black N660, N330 ex factory price of 4600 yuan / ton, N220 offer 5100 yuan / ton, N550 offer 5000 yuan / ton, price stability.

Tire market demand, upstream coal tar prices stable, the carbon black with upstream and downstream demand increase support, is expected to price stability of carbon black.

(December 2016 to January 2017 China methanol major market trend chart)

The depth of decline after the rapid rebound of methanol

The New Year Festival, Chinese methanol market showed an overall downward trend, the main producing areas of methanol plant sales pressure under the initiative to lower prices. Among them, Inner Mongolia is the lowest to 2150-2200 yuan / ton, compared with the new year’s day before the cumulative decline of 400-420 yuan / ton, dragged down by the Shandong down to 2540-2570 yuan / ton, Hebei 2400-2500 yuan / ton, Henan 2480-2700 yuan / ton, more decline in the 100-200 yuan / ton. The second week of January, before the Holiday Stocking downstream, Shandong methanol first to rebound, Hebei, East and other places slightly follow up. The specific trends are as follows:

The Spring Festival in front of base pressure methanol plant

This year methanol plant faces the same before the Spring Festival to reduce inventory requirements, and this year ranked base pressure is mainly reflected in two aspects, North A, frequent fog and haze, leading to the North Highway closed, the transport cycle extended, methanol export rate was slowing down, affected by this, the enterprise of methanol methanol storage tank with smaller risk risk, frequently lower the price of methanol, especially western methanol producing areas is most obvious decline, Inner Mongolia fell to the lowest 2150 yuan / ton, Shaanxi fell 2200 yuan / ton. B, Pucheng, two sets of clean energy transit co-founder of methanol olefin from January part of foreign sales, the market supply of goods is abundant, further enlarge the sales pressure methanol plant.

End user delivery enthusiasm is not high

“The current price is more futures pricing, since 2003 will no longer be priced in the relationship between supply and demand, and with the addition of U.S. shale oil, supply factors become more and more complex,” the prisoner’s dilemma also includes a OPEC member internal conflict and production. “. Besides, even if OPEC production, whether Russia can cut? Oil prices stabilize, once exceeded 50 U.S. dollars / barrel, the United States will therefore continue to resume production of shale oil.” Noah’s chief research officer Jin Hainian told the first financial reporter.

“This year the price in 60~75 dollars / barrel shock, again to return to the history of $100 is already impossible, downside risks from Russia, if it does not cooperate with production, so it is likely that OPEC will tear up the cut oath, oil prices are likely to fall again to about $43, or even return to $30. In addition, the demand side also depends on global economic trends, and Trump came to power after the infrastructure investment policy and manufacturing revival policies can be implemented.” Senior foreign exchange and commodity traders Xian Jingtang told the first financial reporter.

Fortunately, the global demand is rising, which may also make up oil prices steady in the year 2017.

“At least the U.S. economic recovery is relatively stable, China is not so bad, such as India and other emerging market countries started to recover, but emerging market volume except India is relatively small, so the demand is not.” Jin Hainian said.

Pay attention to seasonal rebound in oil prices

The energy industry buyer analysts, senior U.S. stock traders Situ Jie told the first financial reporter said, must pay attention to the price of seasonal opportunities

“Now the hedge funds are doing more than crude oil, oil prices are short of the unknown risk of future buffer, but history shows that hedge funds tend to be on, oil prices may be the” $20 range “frightened courage.”

He said the analysis, general American oil peak is two – year 6~7 month summer peak travel; two is the annual winter heating peak. “December is more subtle in oil refining industry. The large consumption of heating in winter heating oil refinery, but not willing to start buying large quantities of crude oil in December, because of the high crude oil inventories, the end will produce excess inventory tax. As a result, the refinery will try to use the existing inventory, after starting the year began wantonly hoarding of oil. General oil hoarding peaked in 2~3 months. If there is involved in the geopolitical factors, the price may be ascribed to April.”

In 2017 the global central bank easing or limited

Daily 18:40 on January 4, 2017 Xu, carbon Chuan Xiang Yao Gou Cun, Baota District of Yanan City Ma Dong a petroleum gas recycling factory fire.

Firefighters rushed to the scene to rescue the first time.

At present, the fire has been basically put out, 4 people have been rescued, 3 people were slightly injured, 1 seriously injured. The injured rushed to a hospital for treatment. The cause of the accident is under investigation.

About 19:30 today (January 4th), Yanan City Baota District Ma Dong Chuan Xiang Tanyaogou Mizoguchi suspected chemical plant explosion, the specific casualties is not clear. The reporter just from the Public Security Bureau of Yanan city fire brigade was informed that currently has a number of departments of firefighters, the fire brigade Secret Squadron pagoda, Yichuan fire brigade and other rescue vehicles rushed to the rescue scene.

In 2016 the domestic market price of acetic acid is the lowest level over the years, but is also seen in 2014 and 2015, the domestic market of acetic acid in the traditional “golden nine silver ten” season, the situation is not optimistic, fluctuated downward trend, of course, there can be no more favorable for November.

But in 2016 the market was uncharacteristically, from September to November began to rise, upward momentum is still unabated. But look carefully, even if acetate prices rose sharply at the highest price maximum price is still lower than in 2015.

On the whole, this wave of acetic acid market rally began, cost drivers, the latter transition into the supply and demand driven, we look at the specific situation.

The first half of this year, the market downturn, the impact of imports increase. According to statistics, the month of 2016 1-4 ethylene glycol butyl ether imports reached 58352 tons, compared with the same period last year rose 60.33%. Increase imports makes the overall domestic supply surplus, the market price even broken record low. The second half of the supply of easing, the demand gradually tightened, resulting in decline in ethylene glycol butyl ether market.

First, the supply side view, the first half of an ethylene glycol butyl ether imports this year decline last year, domestic factories that supply instability, surface tension, ethylene glycol butyl ether 1 uplink. But in the smooth operation of butyl ether equipment November Dana factory, the domestic supply gradually peatlands, the whole supply gradually easing. Secondly, the demand gradually tightening. Because of the weather, the golden nine silvers ten is downstream coatings enterprises operating rate fell, the downstream users mainly just need to maintain.

In general, the end is approaching, China’s ethylene glycol butyl ether supply pressure, highlight the contradiction between supply and demand. Two upstream raw materials in wait-and-see situation, market supply is relatively concentrated.

According to market sources, Dana factory butyl ether November 21st overhaul installation plan for about 10 days, affected by this, the short term domestic ethylene glycol butyl ether on the atmosphere gradually rose.