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In July, the country’s raw coal output was 281.5 million tons, down 2% year-on-year.

On August 14, the National Bureau of Statistics released the main data of industrial production above designated size in July 2018. In July 2018, the national raw coal output was 281.5 million tons, down 2% year-on-year.

Compared with last month, the national raw coal output in July decreased by 16.52 million tons, down 5.54%.

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From January to July 2018, the cumulative production of raw coal in the country was 197.818 million tons, a year-on-year increase of 3.4%.

In July, the country, especially the coal producing area, was affected by environmental protection, safety inspection, and precipitation. The production of raw coal in coal mines was limited, resulting in shrinking production.

However, from the downstream point of view, due to the impact of high temperature weather, in July, the country’s strong demand for electricity, coupled with the peak energy consumption in summer also reached a peak, the demand for coal surged, resulting in a large increase in imported coal, coal imports surged in July 49%, up 14% from the previous month to 29.01 million tons, the highest level since January 2014.

However, overall, the supply and demand balance in the national coal market. The data shows that this year, the National Development and Reform Commission and the Energy Bureau have approved 12 coal mine projects involving a total capacity of 49 million tons. Most of these coal mines are located in Xinjiang, Shanxi, Inner Mongolia and other provinces with high quality coal resources. In this year’s list of safe production standardization coal mines announced by the Emergency Management Department and the State Administration of Coal Mine Safety, it can be found that the coal mines in the high-quality coal producing areas have greatly increased.

In the first half of the year, Hebei, Hunan, Fujian, Heilongjiang and other places successively organized coal capacity index replacement. Among them, Hebei completed 12.08 million tons of coal capacity index replacement, while Hunan involved 1.183 million tons of indicators. Heilongjiang Province is also organizing coal capacity replacement. Under the blessing of a series of capacity release measures, China’s coal output has increased significantly. In the first half of the year, the country’s cumulative raw coal output was about 1.7 billion tons, a year-on-year increase of 3.9%. In the first seven months, the cumulative production of raw coal in the country was 1,79,818 tons, a year-on-year increase of 3.4%.

Last week, the market for formaldehyde rose slightly (8.6-8.10)

First, the price trend

According to the data of the large-scale commodity list of the business community, the domestic formaldehyde market rose slightly this week. The average price of formaldehyde at the beginning of the week (August 6th) was 1453.33 yuan/ton, and the average price of formaldehyde on the weekend (August 10) was 1488.89 yuan/ The increase was 2.45%, and the current price rose by 22.54% year-on-year.

Second, the market analysis

Product: Domestic formaldehyde market price rose slightly. At the beginning of the week, the mainstream factory price in Hebei was around 1350-1400 yuan/ton. The weekend price was 1450-1550 yuan/ton, up 100 yuan/ton. At the beginning of Shandong, the price of Shandong factory was 1420-1570 yuan. / ton, weekend quoted at 1450-1570 yuan / ton, up 30 yuan / ton, the mainstream factory price in Jiangsu at the beginning of the week 1550-1650 / ton, weekend offer at 1600-1700 yuan / ton, up 50 yuan / ton. The supply of formaldehyde in the market is not sufficient, and the pressure on manufacturers is not high.

Industry chain: The upstream methanol market continued to rise. Due to the impact of the trade war, the price of imported methanol boosted the price of the mainland market. The price at the beginning of the week was 2,890 yuan/ton, and the weekend was 30,48.75 yuan/ton, an increase of 5.47%. Finished product support, but the atmosphere of purchase and sale in the market is general, the downstream maintenance just needs to purchase, the market is more cautious, and the price of formaldehyde has risen slightly.

Third, the market outlook

The upstream methanol market continued to rise, the cost support was sufficient, and the downstream operating rate was general. Therefore, the formaldehyde analyst of the business community chemical branch predicted that the domestic formaldehyde price or shock consolidation was the main.

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Domestic p-xylene prices remain high on August 9

On August 8, the PX Commodity Index was 66.40, which was the same as yesterday. It was down by 35.16% from the highest point of 102.40 points (2013-02-28) in the cycle, which was 45.77% higher than the lowest point of 45.55 on February 15, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the domestic market price of para-xylene remained at 8,300 yuan/ton, the on-site installation of Pengzhou Petrochemical was overhauled, and the Urumqi petrochemical plant was started at 50%. The Tenglong aromatics plant has been in operation, other devices are temporarily operating stably, and the domestic paraxylene market is normal. The operating rate of PX devices in Asia is less than 70%. On August 8, the closing price of the paraxylene market in Asia increased by US$4/ton, and the closing price was 1105.5-1107.5 USD/ton FOB Korea and 1124.5-1126.5 USD/ton CFR China, USA WTI crude oil September futures market prices fell to 66.94 US dollars / barrel, a decrease of 2.23 US dollars, Brent crude oil October futures prices fell to 72.28 US dollars / barrel, a decrease of 2.37 US dollars. The downstream PTA market was affected by the delay in resumption of production due to equipment maintenance. The PTA supply was slightly tight or continued. By the end of the 8th, the domestic PTA operating rate was around 77%, the PTA price continued to rise, and the average price of the East China region was 7200-7350 yuan. /Ton the vicinity of the self-lifting, coupled with the downstream production and sales maintained relatively high level of smooth operation, PTA is still in a balanced small de-stocking state, it is expected that the PX market price will remain high in the later period.

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August hydrogen peroxide gets rid of the trend

According to the business community monitoring: throughout July, due to weak demand, hydrogen peroxide fell, on July 31, 27.5% hydrogen peroxide average price of 1058 yuan / ton, down 28.34% from the beginning of the month. Entering August, the price of hydrogen peroxide ushered in a sharp rise and completely got rid of the July trend. On August 6, the average domestic price of 27.5% hydrogen peroxide was 1,118 yuan/ton, and the price rose by 5.67%.

In August, the price of hydrogen peroxide in Hebei Zhengyuan and Xinhua’s two leading enterprises was raised sharply. The price of Zhengyuan was 1,000 yuan/ton, and the price rose by 120 yuan/ton. The new price is 970 yuan / ton, up 90 yuan / ton. Shandong Waterworks has risen, and Hengtong, Huatai, Haineng and Mingshui have all quoted more than 900 yuan/ton. The mainstream price in Anhui is 1,000 yuan/ton, and the price is raised by 20-50 yuan/ton. Coupled with the purchase of hydrogen peroxide by Shan Dongfang, the demand for hydrogen peroxide in Shandong Water Plant continued to increase. On August 6, the mainstream price of Hengtong, Huatai, Haineng and Mingshui was 920-950 yuan/ton, and the price was raised by 50 yuan/ton. The mainstream price in Anhui is 1050-1100 yuan/ton, and the price is 50-100 yuan/ton.

The hydrogen peroxide analyst of the business community believes that the price increase of hydrogen peroxide is affected by the Hebei market and the increase in terminal demand. In September, hydrogen peroxide will enter the peak season. It is expected that the price of hydrogen peroxide in the market will still have room to rise, or it will return to the 1,500 yuan mark.

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The acrylic market stopped falling and stabilized this week (7.30-8.3)

First, the price trend

According to the data of the business community, the market price of acrylic acid stopped falling this week. The downstream enterprises gradually replenished the goods, gradually established reasonable stocks, and the operating rate of some enterprises gradually recovered. The market wait-and-see atmosphere is getting stronger. The mainstream price of the primary acid market is 8600-8700. Yuan/ton, and there is limited space for negotiation.

Second, the market analysis

Product: Wanhua Chemical (Yantai) Petrochemical Co., Ltd. acrylic acid offer 8400 -8600 yuan / ton; Jinan Century Tongda Chemical Co., Ltd. acrylic acid market temporarily stabilized, the price of acid is 8300 yuan / ton. Recently, the prices of acrylic raw materials have risen and fallen, but as the prices of downstream enterprises have gradually improved, the price of acrylic acid has stopped falling and stabilized.

Industry chain: The price of Shandong propylene market is temporarily stable this week, the mainstream price is 8500-8850 yuan / ton. The price of propylene in Shandong Province is on the rise. As the market environment is in a situation of less than demand, the supply of propylene is smooth, and it is expected that propylene will remain at a high level.

Third, the market outlook

Acrylic analysts in the business community believe that the domestic demand for acrylic acid is gradually getting better loaded, the inventory is continuously digested, and some manufacturers gradually resume the operating rate. It is expected that the acrylic acid market will be adjusted in the short term.

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August 2, domestic acetic anhydride market temporarily stabilized

First, the price trend:

According to the data monitoring of business organizations, on August 2, the average price of acetic anhydride enterprises was 7137.50 yuan/ton, which was more stable than the previous trading day, up 46.30% year-on-year.

The commodity index of acetic anhydride on August 1 was 141.46, which was 0.49 points lower than yesterday, which was 14.64% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was higher than the lowest point of 82.58 points on September 20, 2016. 71.30%. (Note: Period refers to 2013-02-01 to date).

On August 2, the domestic acetic acid anhydride factory price was temporarily stabilized, and the market transaction price was stable. In most areas, the factory price is 6500-7200 yuan / ton, the actual transaction price is temporarily stable, the actual transaction price is about 6300-6800 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid rebounded slightly, the price of raw material methanol fluctuated and the cost of acetic anhydride manufacturers increased, which was good for the price increase of acetic anhydride. Recently, the maintenance plan of acetic anhydride factory has increased, the operating rate of equipment is not high, and the reduction of equipment operating rate is a positive effect of the price increase of acetic anhydride. However, at this stage, acetic anhydride is still in the off-season. The demand for acetic anhydride is negative, the raw materials are rising slightly and the operating rate is falling. It can only slow down the price of acetic anhydride, and it is difficult to promote the price of acetic anhydride. It is expected that the market will be stable.

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The policy in Southeast Asia has changed drastically, leaving less time for the waste plastics industry.

Due to the strict inspection by China Customs, a large number of waste plastics merchants have gradually rushed to Southeast Asian countries. For example, the economies of Thailand, Vietnam and Malaysia are not well developed. Some companies are considering to set up factories abroad. Malaysia is about to become a Chinese waste plastics processing. Transit.

At present, Malaysia has more than 1,550 plastic products manufacturers. In Southeast Asia, its plastics and rubber processing industry is the most advanced and diverse. Due to the high level of technology and low production costs, the plastics and rubber processing industry has been reshaped into a highly competitive manufacturing base.

Irrational, unsocial, unclear, unruly

It is a major problem currently existing among waste plastics investors in various countries in Southeast Asia.

The reason for the resistance to investment in Southeast Asia is not the external reasons such as investment environment and policy, but also the problem of our own company. Cross-regional translation of low-end production capacity, non-rule of rules, enthusiasm for relationships, etc., making investment in Southeast Asia blocked becomes inevitable!

Some manufacturers and import traders who have transferred to the past can feel the urgency of the manufacturers to make profits. Most people hold the idea of ​​making quick money, copying the irregular production methods in China, and disregarding the basic legal requirements of the localities. The experience of the basic business risk industry has made the environmental protection industry a polluting industry. This method is tantamount to fishing and killing chickens.

India

100% inspection of waste paper and plastic imports at the beginning of April

Malaysia

Waste plastics permit application has been suspended at the end of May

Vietnam

Suspension of waste plastic imports in June

Thailand

Every household will be thoroughly investigated on July 2nd.

Import of recycled plastics is banned from August 1 and only raw material pellets can be imported.

From now on, the future development of the waste plastics industry will no longer be low-end disorder, but tend to regulate the high-end environmental protection industry, and whether it is domestic or domestic, this is also a big trend!

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In view of the current situation in Southeast Asia, perhaps everyone can’t help but wonder: Southeast Asia set up a factory because some goods can’t enter China. Now Malay also controls it. It is estimated that other countries will also control. Does it make sense to set up a factory in Southeast Asia?

In recent years, domestic environmental protection has been tightened. Many domestic recycled plastics processing factories have opened factories in Southeast Asia, and then turned into recycled raw materials for ordinary trade. Therefore, the Southeast Asian renewable market has prospered in recent years.

At present, many domestic traders are frequently selected in Vietnam, Malaysia, Thailand, Gypsy, Myanmar, India, Pakistan, and Taiwan. The development of renewable energy in these areas is inseparable from the entrepreneurship of Chinese compatriots. Economic growth and employment opportunities have also been upgraded in terms of venue leasing.

At present, most domestic enterprises are still in the traditional large-scale production and operation mode, that is, all the links of waste plastics from processing to recycling are all eaten!

Entrepreneurs are always limited to seeing them with their own eyes, especially in the South. They are still not willing to accept the fact of buying granules. They still think it is better to buy those waste plastics directly for trading, and believe that “seeing is believing” With one hand, it is safer and safer. If they are allowed to join the granules, especially those of engineering plastics, such as nylon granules, acrylic granules, etc., they will certainly not get used to it!

However, with the changes in domestic policies and the changes in the international environment, domestic entrepreneurs must slowly accept the reality that they can only become a link in this industrial chain, and accept the reality that the waste plastics industry will join the global production. Otherwise, The waste plastics industry will definitely get narrower and narrower.

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China domestic isopropyl alcohol market rose in July

First, the price trend

According to the monitoring of commodity data, the price of isopropanol rose slightly in July. At the beginning of the month, the average price of domestic isopropyl alcohol was 6662.5 yuan / ton, and the average price at the end of the month was 6,800 yuan / ton. The price rose during the month, with a range of 2.06%.

Second, the market analysis

Product: The domestic isopropyl alcohol market rose in July. On the one hand, the raw material acetone market is weak, the propylene market is generally upward, and the acetone isopropyl alcohol cost surface is strong. On the other hand, the domestic isopropyl alcohol plant operating rate is not high, Supu, Haike devices parking. The market shipments this month are relatively smooth. As of the end of the month, the area of isopropyl alcohol in Shandong Province was around 6600-6900 yuan/ton, the area of isopropyl alcohol in Ningbo area was around 6800-6900 yuan/ton, and the area of isopropyl alcohol in Jiangsu area was 6700-6900 yuan/ton. The area of propylene hydrolysis in the area of isopropyl alcohol is around 7,400 yuan / ton.

Industry chain: From the upstream point of view, the domestic acetone market was weakly consolidated in July, but at the end of the month, acetone showed signs of rebound and some manufacturers rose by 200 yuan. The acetone market may be turning around. The propylene market was mainly up this month, with an increase of 8.91%. At present, the factory has a good mentality, and the market is expected to be bullish. The holders do not intend to ship at low prices. By the end of the month, the mainstream price of propylene in the East China market was around 8700-8750 yuan / ton. The Lubon’s Isopropyl Alcohol Plant will be shipped soon, or it will affect the overall supply of the isopropyl alcohol market. However, the pressure of propylene isopropyl alcohol is relatively high and the cost is still upside down.

Third, the market outlook

Isopropyl alcohol analysts of the chemical industry branch of the business community believe that: the current cost of acetone isopropyl alcohol is well supported, traders’ confidence is still good, and the low-cost supply is difficult to find. The industry is cautious about the market outlook and pay close attention to the news. The propylene storage continued to rise, and the pressure of propylene isopropyl alcohol was relatively high and the cost was still upside down. There is a lot of interweaving in the field, and there is no shortage of isopropyl alcohol market to continue to push up. The industry pays more attention to the changes in the market outlook.

Titanium dioxide industry faces asset reshuffle

Several major titanium dioxide companies in the world are trying to restructure their assets to promote Tronox’s $2.4 billion acquisition of Cristal, a major consolidation in the titanium dioxide industry.

The Western countries’ titanium dioxide industry has been integrated into five major companies – Como, Teno, Venator, Koster and Kronos Worldwide. According to an investor report released by Venator in June 2018, this accounted for about 54% of global titanium dioxide production capacity.

In order to obtain approval from the US and EU regulators for the acquisition of the Koster titanium dioxide business, Teno is conducting two separate transactions, stripping some assets to the UK’s Venator. In the United States, Tenova signed a memorandum of understanding to sell two sets of titanium dioxide units with a total capacity of 245,000 tons per year from Koster’s Ashtabula, Ohio, to Venator. Ashtabula is Kostrom’s only production base in the United States and is the world’s largest producer of titanium dioxide.

In the option-style transaction, Teno will have the right to ask Venator to acquire the Ashtabula Titanium Dioxide Factory in case the US releases a preliminary ban on the acquisition of Koster. Teno said that the price of Venator’s acquisition of Ashtabula Titanium Dioxide Plant will depend on Teno’s progress in the US approval process for the Koster acquisition

Analysts generally agree with Teno’s approach. “We believe this is a positive move that has eliminated some of the uncertainty in the deal and the stock,” said Frank Mitch, an analyst at Wells Fargo. “The previous conservative estimate of Teno’s trading revenue was about $800 million. If Teno The $1.1 billion sale of the Ashtabula Titanium Dioxide Plant to Venator will acquire the remaining assets of Koster with approximately 3.5 times the EBITDA. For Teno, this will be a huge victory. The acquisition of most of Koster’s assets at such a low valuation to further consolidate its titanium dioxide business. For Venator, the deal is also very cost-effective, as it has acquired a major titanium dioxide asset.”

Hassan Ahmed, an analyst with Alanbic Global Consulting, said: “We believe that this announcement is a win-win for all parties involved, and the market prefers certainty. This is the completion of Cosmo for the company. The special acquisition provides a clear path.”

If Venator successfully purchases Ashtabula assets, Kronos may also participate in the reshuffle of industry assets. “If the Ashtabula asset transaction is going to take place, Venator will have to go through the antitrust process because it is the 50% equity owner of the Lake Charles Chloride Titanium Factory in the US. If the acquisition is successful, Kronos will be interested in buying Venator in Lake Charles Chlorine. 50% stake in Titanium Dioxide Factory,” said Wells Fargo analysts.

In a separate transaction, Teno has signed a Zui final agreement to sell its 8120 paper laminate grade titanium dioxide business to Venator, the amount of the acquisition is not disclosed. The European Commission said in early July that it had approved Teno’s acquisition of Koster on the condition that Teno divested a business. Teno has sold its titanium dioxide business for paper laminates worldwide. The EU said that after this part of the business of Teno, its acquisition agreement with Koster will no longer cause competition concerns.

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Australia’s largest copper and gold mine enters the second phase of construction and is expected to produce 65,000 tons of copper annually.

OZ Minerals said on Tuesday that it has obtained approval from the South Australian government to develop its next phase of the Carrapateena copper and gold project worth approximately US$704 million.

It is reported that the mine has been approved by the Australian government EPBC (Mining Leasing and Environmental Protection and Biodiversity Conservation Act), and its average annual production is expected to be 65,000 tons of copper and 67,000 ounces of gold.

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