Nigeria in October crude oil production from 1 million 440 thousand barrels per day in September soared to 1 million 650 thousand barrels / day; Libya October crude oil production from 350 thousand barrels per day in September increased to 500 thousand barrels / day; Iraq in October crude oil production rose to 4 million 580 thousand barrels a day in September, revised to 4 million 520 thousand barrels / day.

According to the position of regulators and data exchange showed that hedge funds for Brent and U.S. crude oil futures and options contracts on short positions in a production agreement within 21 trading days from 267 million barrels of crude oil equivalent way reduced to 138 million barrels, nearly two years the most low.

At the same time, the hedge fund long positions increased from 737 million barrels to 825 million barrels, speculators now from the OPEC meeting on the eve of the extremely bearish to more extreme. As of 10 months, hedge fund’s Brent crude oil and WTI crude oil futures net long positions in the equivalent of 689 million barrels, a record high.

PX is mainly used for the production of purified terephthalic acid (PTA), PTA was used for further polyester fiber (polyester), non fiber polyester products such as polyester bottle and polyester film and other products.

As the core of the aromatic industry chain, there is a huge gap in our PX production. Academician of the Academy of Engineering Qian Xuhong said China, apparent consumption of 20 million 810 thousand tons in 2015 PX in China, which imports 11 million 650 thousand tons, an increase of 16.8% over 2014, 56% of foreign dependence. 1~6 months of this year, China imported 6 million 220 thousand tons of PX.

However, the NIMBY effect difficult to break deadlock in our country, PX is restricted by productivity construction. Economic and Technical Research Institute of Sinopec deputy director of consulting optimization center Luo Hongjing pointed out that the future Chinese will import large quantities of PX, is expected to 2020 Chinese is still 6 million tons more than the amount of imports.

China the slowing of neighboring countries is a substantial increase in production capacity. Data show that the global PX production capacity to maintain rapid growth, the capacity of 3/4 in asia. “These are the Chinese production target market.” Academician Qian Xuhong said. At present, Japan, South Korea, Singapore, China and Taiwan has become a major importer of PX in our country (region), accounting for 90% of total imports.

daily November 1st, learned from the Ministry of Commerce, by the Shanghai LAN-STAR POM Co. Ltd., Yunnan Yuntianhua Limited by Share Ltd, Henan energy chemical group opened long Yu Chemical Co. Ltd. jointly launched the import of polyoxymethylene copolymer (POM) to apply anti-dumping investigation has been officially approved by the Ministry of commerce.

“The POM import anti-dumping investigation after the announcement, the domestic POM prices are expected to fluctuate, the raw material market will face a reshuffle. In the future, China’s chemical enterprises should not only improve their own reputation, in appropriate circumstances should also actively seek the price right to speak, in order to seize the initiative in the international market.” LAN-STAR relevant responsible person said formaldehyde.
Notice of the Ministry of Commerce said that the anti-dumping investigation, LAN-STAR is formaldehyde, sky, long Yu opened three representatives of companies for the domestic POM industry and. Of dumping investigation period from July 1, 2015 to June 30, 2016, the industry injury investigation period from January 1, 2012 to June 30, 2016. Investigation shall be the end of the investigation before October 24, 2017, special circumstances may be extended to April 24, 2018.
The reporter learned from multiple sources, in September 12th this year, Shanghai LAN-STAR POM company, Yunnan Yuntianhua Company, Kaifeng Longyu chemical on behalf of the domestic POM industry to the Ministry of Commerce formally submitted a request to the anti-dumping investigation originating from South Korea, Thailand and Malaysia imported POM anti-dumping investigation. The application that originated from South Korea, Thailand and Malaysia POM lower than its normal value and the export price of export sales to Chinese, resulting in inhibition of the price of similar products in the domestic industry, sales price, operating rate, inventory, employment, investment return rate and the production management indicators deteriorated, the domestic industry suffered substantial damage. The application and investigation of product dumping of imported and domestic industrial injury causal relationship.

finance at present, the domestic enterprises of normal production of potassium nitrate, some enterprises shut down production. One of the leading enterprises in the domestic potash – Wen Tong Group, Shanxi light potassium carbonate factory price 5400-5450 yuan / ton; Shanxi producing powdered potassium nitrate (17%) containing tax ex factory price of 3950 yuan / ton.

Domestic businesses offer weak consolidation, lower order acceptable, rigid demand, turnover atmosphere, according to the business market discretionary pricing. In the short term is expected to run the main potassium nitrate Market consolidation.

Zhangjiagang two main port area two glycol total car shipments in the vicinity of 1492 tons.

Two DEG $center fell slightly, to discuss the market fair. The recent shipment reported 680 U.S. dollars / ton, delivery of 670 U.S. dollars / ton, about 670-680 dollars / ton.

East port two glycol market continues to shock consolidation, middleman cautious outlook on the subsequent lack of confidence, and to discuss the intention of the spot market price in 5600 yuan / ton.

Southern China two glycol trading market stalemate, affected by the weak overall market environment, the market steady dark down, discuss the market reference in 5950-6000 yuan / ton.

finance by 7 BASF devices accidental explosion events on the styrene market a certain good drive, two glycol cargo operators to actively follow up, the recent trend of strong glycol related products.

However, the downstream recovery of high enough energy, resulting in electronic energy to do more, high profit fled, leading to electronic trading continued weak shocks. The near future is expected to two DEG to maintain the shock consolidation possibility is too large.

Overview two glycol market of some areas in China in October 26th:

Two glycol dollars to discuss the market weak shocks to adjust the focus. The recent shipment reported 680 U.S. dollars / ton, delivery of 675 U.S. dollars / ton, about 675-680 dollars / ton.

Ji’nan Kimcheon chemical chloroparaffin price stability, price is 4500 yuan / ton, manufacturers of normal production, the weak market demand, sales in general.

Yinchuan Zhaoyin chemical chloroparaffin price stability, chlorinated paraffin -52 grade at 4200 yuan / ton, sales in general, weak market demand, inventory is not much.

Luxi Chemical chloroparaffin price stability, the normal production of the device operation, chlorinated paraffin -52 grade at 4500 yuan / ton, the market sales are generally weak.

The cost of short-term support, we expect the 2017 domestic acrylic emulsion prices at 9500-10000 yuan / ton level, but the majority of sunshine? Baolijia and other manufacturers have new or expanded production capacity, adequate supply of the increasingly fierce market competition. 2017 full year decline may not exclude.

Epoxy resin prices as a whole showed “W” trend

In 2016 at the China’s epoxy resin mostly maintains a relatively stable state, the composite materials demand a change in the first two years of rapid expansion, powder coating and electrical and electronic industry needs two performance in general, just need the market are expected to narrow down the space.

2015-2017 solid epoxy resin price trend and forecast

In 2016, China’s overall price of solid epoxy resin showed “W” trend, the overall long-term price lower than the same period last year. The 3-5 month, 7-10 month, the market price by the cost of raw materials to support two years appear to rise, but the overall demand is lower than the same period last year, manufacturers of the poor ship, the profit margins are squeezed. In 2015 the East China market solid price at 12873 yuan / ton, the average price fell 23.59% compared with 2014. At the beginning of 2016 to the end of 10, the average price level in the East China market solid resin 11250 yuan / ton, down 15.35%. Bisphenol A60-70%.

Epoxy resin is expected in 2017 Chinese price trend is still with the raw material cost fluctuation, affect the profit margins by downstream demand will be a short-term improvement or deterioration is expected in the first quarter of East China domestic solid epoxy resin price range in 10600-12000 yuan / ton.

daily since the beginning of this year, the domestic titanium dioxide market can be used “brilliance” to describe a rise in price, fiery mood. The industry of titanium dioxide and titanium dioxide for their own good, in a price advantage, chasing the high, exciting.

However, as the saying goes “juan and money”, titanium dioxide market to develop in the future better, walk the road of healthy development is good.

Review of China’s history of titanium dioxide:

From the beginning of 2015 to the end of the three quarter, the three largest foreign supplier of titanium dioxide titanium dioxide production cuts announced, a total reduction of 320 thousand tons. Among them, Andy Moore, Hensman factory for permanent shutdown.

After the sinking of the oil city of Saudi Arabia to force other oil producers yield precedent. In addition to the current situation, dating back to 1998-1999 years, a large number of Saudi Crude oil supply into the market, against the Venezuelan adventurism, oil prices fell about $10 hit.

Before the hydraulic fracturing revolution, its damage to the production of the United States will always repair. This week, Saudi oil appears to have collapsed long is ready, said even in a no agreement, the market will achieve self balance again. This comment may have some truth, but need time to. Based on this, the oil price may have to wait until the end of next year will recover, especially with Iran, Iraq, Russia, Azerbaijan and other countries of production continued to increase, not to mention the US shale oil producers.

Wednesday (November 30th) later, everything will come to light. The oil market is likely to expose the ugly side, the price may be dropping earlier this year to reach $25 a barrel in the vicinity of the low.