According to the data released by the General Administration of Customs on September 8, the total import and export value of China’s goods trade reached 17.83 trillion yuan in the first eight months of this year, up 17.1 percent over the same period last year. Among them, exports 9.85 trillion yuan, up 13%; imports 7.98 trillion yuan, up 22.5%; trade surplus of 1.87 trillion yuan, narrowing 15.1%.

General trade import and export growth, the proportion of promotion. In the first eight months, China’s general trade import and export of 10.12 trillion yuan, up 17.9%, accounting for 56.7% of China’s total import and export value, up 0.4 percentage points over the same period last year; of which exports 5.39 trillion yuan, up 11.6% 4.73 trillion yuan, an increase of 26%; trade surplus of 65.37 billion yuan, narrowing 39.1%. In the same period, the import and export of processing trade reached 5.08 trillion yuan, up by 13.8%, accounting for 28.5%, down 0.8 percentage points over the same period of last year. Among them, exports were 3.24 trillion yuan, up 12.4 percent; imports were 1.84 trillion yuan, up 16.2 percent; Surplus 1.4 trillion yuan, expanding 7.7%. In addition, China’s special customs supervision and control of imports and exports 1.83 trillion yuan, an increase of 14.4%, accounting for 10.3% of China’s total import and export value. Of which exports reached 581.83 billion yuan, up 3.6 percent, accounting for 5.9 percent of total exports; imports of 1.25 trillion yuan, up 20.1 percent, accounting for 15.7 percent of total imports.

On the European and American countries such as ASEAN import and export growth. The first eight months, China and the EU trade value of 2.71 trillion yuan, an increase of 16.1%. Sino-US trade value of 2.53 trillion yuan, an increase of 19.1%. The first eight months, my bilateral trade with ASEAN totaled 2.2 trillion yuan, an increase of 19.9 %%. Sino-Japanese trade value of 1.32 trillion yuan, an increase of 15.4%.

Increase and decrease of import and export of private enterprises. The first eight months, China’s private enterprises import and export 6.87 trillion yuan, an increase of 18.3%, accounting for 38.5% of China’s total import and export value, up 0.4 percentage points over the same period last year. Among them, the export of 4.62 trillion yuan, an increase of 15.4%, accounting for 46.9% of total exports, continue to maintain the status of exports in the top position; imports 2.25 trillion yuan, an increase of 24.6%, accounting for 28.1% of total imports. Over the same period, foreign-invested enterprises import and export 7.92 trillion yuan, an increase of 13.6%, accounting for 44.4% of China’s total import and export value. Among them, the export of 4.2 trillion yuan, an increase of 10.9%, accounting for 42.6% of total exports; imports 3.72 trillion yuan, an increase of 16.9%, accounting for 46.6% of total imports. In addition, state-owned enterprises import and export 2.99 trillion yuan, an increase of 24.3%, accounting for 16.7% of China’s total import and export value. Among them, exports 1.03 trillion yuan, an increase of 11.4%, accounting for 10.5% of total exports; imports 1.96 trillion yuan, an increase of 32.4%, accounting for 24.5% of total imports.

Mechanical and electrical products, traditional labor-intensive products are still the main export. The first eight months, China’s mechanical and electrical products exports 5.63 trillion yuan, an increase of 13.4%, accounting for 57.1% of total exports. Among them, the electrical and electronic products exports 2.45 trillion yuan, an increase of 11%; machinery and equipment 1.67 trillion yuan, an increase of 14.9%. In the same period, clothing exports 708.84 billion yuan, up 4.9 percent; textiles 494.7 billion yuan, up 7.1 percent; footwear 2260.5 billion yuan, up 10.6 percent; furniture 2234.6 billion yuan, up 10.6 percent; plastic products 172.86 billion yuan, up 16.3 percent; Luggage 12.156 billion yuan, up 16%; toys 102.9 billion yuan, an increase of 55.9%; the above seven categories of labor-intensive products total exports 2.05 trillion yuan, an increase of 10%, accounting for 20.8% of total exports. In addition, fertilizer exports 17.14 million tons, down 4.9%; 54.47 million tons of steel, down 28.5%; cars 630,000, an increase of 44.4%.

Iron ore, crude oil and natural gas and other commodity imports and prices go up. The first eight months, China’s imports of iron ore 714 million tons, an increase of 6.7%, the average import price of 494 yuan per ton, up 41.9%; crude oil 281 million tons, an increase of 12.2%, the average price of 2573.2 yuan per ton, The average price of imported goods is 3231 yuan per ton, up 29.1 percent; Of the plastic 18.45 million tons, an increase of 11.6%, the average import price of 11,500 yuan per ton, up 10.4%; unwrought copper and copper 301 million tons, a decrease of 12.7%, the average price of imports per ton 43,600 yuan, up 28.4%. In addition, imports of electromechanical products 3.61 trillion yuan, an increase of 14.5%; of which 800,000 cars, an increase of 20.3%.

In August, China’s import and export value of 2.41 trillion yuan, an increase of 10.1%. Among them, the export of 1.35 trillion yuan, an increase of 6.9%; imports 1.06 trillion yuan, an increase of 14.4%; trade surplus of 286.5 billion yuan, narrowing 14%.

China’s foreign trade export pilot index was flat. In August, China’s foreign trade export pilot index was 41.9, basically the same as last month. Among them, according to the network survey data show that the month, China’s export managers index was 44.7, down 0.2 from last month; new export orders index, export enterprise comprehensive cost index fell 0.6 to 47.8,22.6, export managers confidence index rebounded 0.3 to 50.9.

In 2017, under the strong pressure of environmental protection, many companies want to be smooth sailing, but from this year’s performance, acetic anhydride seems to have not been affected, it has been stable since the beginning of this year’s trend.

From the beginning of this year, maleic anhydride market is particularly stable, even if most of the enterprises are more or less affected by its market conditions in the shock of the situation, but it is still from the beginning to maintain its specific The trend to the present, but in fact, last year, its market conditions have declined, but simply from this year is indeed stable, so all this is only a superficial phenomenon, its essence has already changed.

2016 years in July and 2017 part of the trend:
2016 in late July: the domestic market price of acetic anhydride roughly 4544 yuan / ton
2016 in mid-July: domestic acetic anhydride market prices roughly: 5712 yuan / ton
2016 in mid-October: domestic acetic anhydride market prices roughly: 4766 yuan / ton
January 2017 – August 2017: domestic acetic anhydride market prices roughly in: 4766-4955 yuan / ton

The reasons for the downhill road in 2016:
From the above information we are not difficult to know: If you look from 2017, acetic anhydride is in a stable state, but if we go back to July 2016, then it is a drop is very obvious.
NO.1 In fact, the domestic acetic anhydride from the beginning of last year has been affected by the impact of environmental protection, most of the manufacturers have undergone the shutdown of this stage, the factory operating rate of only about 50%, some manufacturers can carry out the normal supply , And at this stage the demand is not large, is in the off-season, so to 2016 in August from the peak moment all the way down.
NO.2 on the other hand, acetic anhydride upstream raw material prices, which for this time the acetic anhydride is undoubtedly the first blow, the cost of acetic anhydride caused by support, acetic anhydride market due to poor delivery of goods prices.

The domestic market price of aluminum fluoride remained stable, due to environmental protection before the wind, many manufacturers downtime, resulting in insufficient supply, and now the overall market operating rate is still small, so that the market demand is high, there is a shortage of resources, which makes the domestic fluoride Aluminum has been a good price to maintain a stable driving force; and the upstream raw material sulfuric acid market to the good development and the season is the increase in procurement season and other driving forces, so that the inventory of aluminum fluoride has a slight easing of tension Situation, and the downstream market is better aluminum market has little effect on aluminum fluoride, so, is expected within a short period of time, the domestic aluminum fluoride will continue to stabilize the trend

According to the latest statistics of the National Bureau of Statistics show that the first half of 2017 China’s industrial enterprises above designated size to achieve the main business income of 59.5 trillion yuan (the same below), an increase of 13.6%; total profit of 363.375 billion yuan, an increase of 22% Speed ​​ratio of 1 – May slowed 0.7 percentage points. The main business costs 51 trillion yuan, an increase of 13.6%.

In June, China’s industrial enterprises above designated size total profit of 727.78 billion yuan, an increase of 19.1%, faster than in May to speed up 2.4 percentage points.

In the first half of the rubber and plastics products industry main business income 1.65 trillion yuan

Industry situation

In the first half of the year, in the 41 industrial sectors, the total profit of 38 industries increased year on year, and the three decrease.

The first half of the rubber and plastic products industry, the main business income of 1,650.88 billion yuan, an increase of 10.4%; profits of 95.47 billion yuan, an increase of 5.5%. The cost of the main business occurred 14,351.8 billion yuan, an increase of 11.1%.

In the first half of the year, the income from sales of chemical raw materials and chemical products was 468.15 billion yuan, up by 16.3% over the same period of last year. The profit was 298.45 billion yuan, up by 33.1% year on year. The main business cost of 4024.23 billion yuan, an increase of 16.4%.

In the first half of the automobile manufacturing industry, the main business income of 41283.1 billion yuan, an increase of 12.0%; profits of 345.02 billion yuan, an increase of 11.7%. The main business costs of 347.18 billion yuan, an increase of 12.4%.

In the first half of the year, the main business income of computer, communications and other electronic equipment manufacturing industry was RMB50,042 million, an increase of 14.4% and profit of 236.94 billion yuan, up 17.1% year on year. The cost of the main business 4412.96 billion yuan, an increase of 13.8%.

Since the beginning of 2016, China’s industrial enterprises above designated size have accumulated their main business income and profit growth

Expert interpretation

According to Dr. He Ping, Department of Industry, National Bureau of Statistics, in June 2017, China’s industrial enterprises above designated size increased by 19.1% year on year, and the growth rate was 2.4 percentage points higher than that in May. In the first half of the year, profits increased 22% – May slowed 0.7 percentage points.

First, by the accelerated growth of production and sales, purchase prices rose and so on, profit growth accelerated

China’s industrial profit growth in June than in May to speed up the main reason is:

From the production and sales perspective, industrial production and sales growth accelerated. In June, the industrial added value above designated size actually increased by 7.6% year on year, the growth rate was 1.1 percentage points higher than that in May; the main business income of industrial enterprises increased by 13.7% year on year, and the growth rate was 0.6 percentage points higher than that in May.

From the price, the product prices rose flat, raw material purchase prices rose down. In June, China’s industrial producer prices rose 5.5%, or unchanged in May, while industrial producer purchase prices rose 7.3%, or 0.7 percentage points lower than in May. June profit increased by about 80.9 billion yuan, more than in May increased by 50.1 billion yuan.

From the industry, steel, automotive, electronics and other industries increased significantly faster profit. Due to automobile production and sales generally better, the same period last year, part of the car to mention a large amount of security caused by the sales expenses in June this year, such as rising from the reasons for the decline in automobile manufacturing profits increased by 19.6%, faster than in May to accelerate 15.6 percentage points ; Computer, communications and other electronic equipment manufacturing industry profits 69.6 billion yuan, an increase of 22.9%, faster than in May to accelerate 0.5 percentage points. The total impact of all three industries above the scale of industrial enterprises to accelerate the growth rate of 4.1 percentage points.

Second, the supply side of the structural reform effect is obvious, business efficiency continued to improve

First, the profit growth structure improved significantly. In June, all the industrial enterprises above designated size increased profits, equipment manufacturing industry accounted for 40.7%, than in May increased by 11.3 percentage points; high-tech manufacturing industry accounted for 19.3%, an increase of 0.6 percentage points. The contribution rate of equipment manufacturing industry to industrial profit growth exceeds that of mining industry.

Second, profit margins rose year on year. In June, the profitability of the main business income of Chinese industrial enterprises was 6.35%, up 0.29 percentage points year on year, continuing the upward trend year on year.

Third, unit cost costs decline. In June, China’s industrial enterprises per hundred yuan in the main business income in the cost of 93.11 yuan, down 0.18 yuan.

Fourth, the accounts receivable payback period continues to be shortened. At the end of June, the average payback period for industrial enterprises above designated size was 37 days, down by 1.1 days compared to the same period of last year.

Fifth, finished product turnover continues to accelerate. At the end of June, the turnover of finished products for industrial enterprises above designated size was 13.7 days, down by 0.8 days from the same period of last year.

Six is ​​the debt ratio continues to decline. At the end of June, the asset-liability ratio of industrial enterprises above designated size was 55.9%, down by 0.8 percentage points year on year.

The data also show that in June, China’s industrial enterprises above designated size financial costs increased by 9.7%, an increase of 4.6 percentage points higher than in May, to some extent reflects the rising costs of financing costs, the need for further attention

From June 2015 patent expires so far, domestic enterprises to obtain pyraclostrobin pesticide registration documents has reached 261, of which 53 original drugs, 208 preparations, the market capacity of 1 billion US dollars level, just two years Burst a variety of 10 million large items, the hot situation is still continuing, a large number of enterprises to take this opportunity to quickly layout, mercilessly enjoy a pyrazole mushroom brought about the market dividend.

It is noteworthy that, with the continuous increase in production capacity and increased market competition, pyraclostrobin will eventually go to conventional. Faced with the domestic agricultural market continued to slump, the next five years which products can successfully take over the development of the domestic market for power. Xiaobian several promising market prospects of the “potential shares” were sorted out.

Prothioconazole

Prothiopsis is a triazole thione fungicide developed, produced and produced by Bayer CropScience, which is listed in 2004 and has $ 800 million in sales in 2015. It has become the chief product of Bayer, the world’s leading fungicide In the third largest product, the first major product of cereal fungicide market, the fourth largest product in the field of soybean fungicide. In the 10 years between 2005 and 2015, the annual growth rate of procyanidazole was 21.6%, showing its strong market vitality.

In 2015, among the world’s leading fungicides, propoxazole ranks third in sales of $ 8 billion, with azoxystrobin ($ 1.305 billion) and pyrazole $ 850 million).

As of April 2017, there have been 84 prothioconazole products in China won the field test approval certificate. These products, both a single product, there are complex products. Compatible products include: azoxystrobin, pyrazole bacteria bacteria, oxime fungus, picolorate, fluoxibenolide, tebuconazole, metformatum, fine metalaxyl and amino oligosaccharides. Field crops include: rice, wheat, corn, peanuts, cucumbers and tomatoes.

Fluoxazole aniline

Fluoxacillanilide is a pyrazole amide fungicide developed, developed and produced by Bayer Corporation, which is another succinate dehydrogenase inhibitor (SDHI) bactericide developed after Bayer Bipyridamole, and With a suction, prevention and treatment, long lasting. It is mainly used as a bactericidal seed treatment agent. After seed treatment, the medicine penetrates into the germinated seeds and is transmitted to the whole plant through the xylem of the young plant, thereby protecting the growing seedlings at a high level. The product can be widely under low doses of Basidiomycetes and Ascomycetes and other pathogens caused by the disease.

Fluoxacillanilide is developed in addition to the seed treatment agent and can also be applied in soil. All treatments can effectively protect the seedlings of corn, soybean, rape, potato, cotton, peanut, onion and legumes from seed and soil-borne diseases caused by Rhizoctonia solani in Basidiomycetes and can also be effective Prevention and control of cereal crops caused by the black fungus, Rhizoctonia and cyclococcus bacteria caused by the disease.

SDHI fungicides, although the market is developing rapidly, but the higher the risk of resistance. To this end, Bayer not only developed a number of single products of fluoxetine aniline, but also developed a lot of complex products of fluoxacillin aniline, such as fluoxetine aniline + prothioconazole, fluoxetine aniline + thiamethoxam, Fluoxetine aniline + oxytetracycline, fluoxetine aniline + imidacloprid, fluoxazole aniline + prothioconazole + metalaxyl, fluoxazole aniline + prothioconazole + thiamethoxam, fluoxacillin an Creamer + thiamethoxazole and oxime strains.

Benzenone

Phenosterone was first created in 1998 by the United States Cyanamide Company (now BASF), developed by BASF. 2004 was the first to register in the UK market, after 10 years or so in China debut. In the world, its market sales since the market gradually expanded, from 2004 to 2009, the average annual growth rate of up to 90.4%, 2012 sales of about 70 million US dollars. The current development of the main products mainly to suspending agent, the development of goods including ” Flexity, Vivando, and the domestic Ying Teng.

Mechanism and bright spot: Benzenone is benzophenone fungicide, mainly through the interference of pathogenic bacteria spore germination of the development and formation of the attachment of bacteria, inhibit the spore germination of powdery mildew, control the spread of disease. At the same time, probenone can interfere with the formation and formation of polar actin tissue, so that the formation of the mycelium of the mycelia of the bacteria by the interference and inhibition, thus hindering the normal growth and growth of mycelium, inhibit and inhibit the white powder Pathogens against the effective control of the hazards of powdery mildew, with significant prevention and treatment.

Application: Benzenone has several times higher than the azoxycarboxylamine bactericidal activity, with those with dimethylation of the inhibitor and aniline pyrimidine fungicide no cross-resistance, can be used for cereals, grapes, cucumber , Beans, strawberries and other crops powder control.

Benzoyl amide

Polyacetamide bacteria currently have 93% of the original drug, 23.4% diacetamide fungus suspension agent, 440 grams / liter of bifendate and chlorothalonil suspension and other related registration, are Syngenta all for the prevention and treatment Tomato late blight, pepper blight, litchi tree frosty mold, potato late blight, grape downy mildew, watermelon disease and so on.

The diacetamide fungi are amide fungicides. Its mechanism of action for the inhibition of phospholipid biosynthesis, the vast majority of the bacteria caused by the leaves and fruit diseases are very good control effect. Spore at the germination stage has a high activity, and can inhibit mycelial growth and spore formation. Can be quickly absorbed through the leaves, and stay in the leaf surface wax layer, the protection of the leaves. The results showed that the 250 g / L suspending agent had good control effect on Phytophthora infestans. The recommended dose had no adverse effect on the growth of litchi tree, and no phytotoxicity occurred.

In 2011, the global sales of hundreds of millions of dollars of pesticide varieties and sales, diacetyl fungi 100 million US dollars

Isothiamine

Isothiamine is Bayer and Sumitomo Chemical Co., Ltd. jointly developed for the prevention and treatment of rice blast isothiazole fungicides. It is characterized by its direct antibacterial effect on pathogens, but by stimulating the rice itself to the natural defense mechanism of rice blast, to achieve the purpose of resistance to rice blast. Bayer noted that this is the first example of an active ingredient that has a low resistance to the effect of inducing resistance. This environmentally friendly product is well suited for use in rice growth processes and has some insecticidal activity.

Isothiazole formamides include isothiamine and the like in plant with strong plant-inducing activity, prophylactic administration or early use in the early stages of the disease, a variety of biological factors and abiotic factors can activate the plant’s own defensive resistance that System induced resistance, and affect the pathogen life history of multiple links, so that the plant on a variety of fungi, bacteria, insects and viruses produce broad-spectrum self-protection. Isothiomide also has a strong microbicidal activity, for direct control of Rhizoctonia, Fungi, fungi, bacteria, subclasses, Ascomycetes, Basidiomycetes and semi-known bacteria class. Isotiamines are particularly useful for the prevention and control of cereal diseases such as the type of powdery mildew, the type of rice blast, or the prevention of viticulture and the growth of fruits and vegetables.

Flutamide

Fluoropyrazine is a new type of pyridine amide fungicide developed by Bayer CropScience, Germany. It is mainly used to control common pathogens on various vegetables and grapes, such as downy mildew, blight, late blight, damping-off Etc., with protective and broad-spectrum therapeutic effects.

Fluoropyramide mainly acts on the specific protein-like proteins between the cell membrane and the cytoskeleton, which affects the mitosis of the cells to have a good inhibitory activity against the major morphologies of the pathogen and has a good effect , Significantly different from fluazinam, metalaxyl, benzamide and methacrylic acid esters or other respiratory inhibitors such as imidazole. And plays a role in many stages of the life cycle of the bacteria, affecting the release of spores and the germination of spores. And in the xylem has a good mobility, with a very good internal absorption activity and protection treatment.

Flupillotin was registered in the UK and China in 2005. In 2006, many countries in the world to obtain registration in 2008 in the United States and Japan were allowed to register. The species was launched in 2006, less than $ 30 million in 2009 and $ 45 million in 2011.

Ampicillinone

Japan’s Sumitomo Chemical research and development of pyrazolone fungicides, the pathogen of Botrytis, Sclerotinia and Sclerotinia sclerotiorum have a high degree of prevention and treatment. 2012 is listed under the trade name Botrycide in Korea for fruit and vegetables, followed by the European Union, the United States and New Zealand approved for grapes, almond trees, lettuce, certain fruit trees and landscape plants, against gray mold and other fungal diseases The 2016 under the trade name Prolectus was approved in Australia for grapes. Global sales in 2015 are $ 4 million.

Indolizine

June 21, 2016, Japan’s Nissan Chemical Industry Co., Ltd. 50% indoxazolamide water dispersible granules in China to obtain temporary registration for the control of rice seedling blight and tobacco black shank. And the indoxazolidate 97.5% of the original drug and 18% of the suspension agent in China won the first board, means that Nissan Chemical this new fungicide officially stationed in the Chinese market.

The indazole sulfamate is a kind of triazole sulfonamide fungicide developed in the 1990s. It is also the first fungicide with independent intellectual property rights. The fungicide has a high activity against phytophthora and downy mildew caused by oomycetes. But so far, can effectively control the disease of the disease is not a lot of ochatidosis, the emergence of indazole sulfamethoxam to a certain extent, solve this problem. However, since indazole sulfamate does not have internal drawability, it is, in a strict sense, a protective fungicide, primarily for the prevention of disease.

At present, indazole sulfamate registered crops mainly cucumber, grapes, potatoes and soybeans, for the control of such as cucumber downy mildew and potato late blight and other diseases. The use of indapoxazole is more flexible and can be used for foliar spray treatment, but also soil treatment and seed treatment. Most of the indoxazole products on the market were treated as foliar spray, such as Leimay; Oracle, which was used as a soil treatment, was first listed in Japan in 2010; Vortex used as seed treatment was mainly used for legume crops. From the use of dosage forms, there are mainly 17.7% indazole sulfamethoxazole suspensions, 50% indazole sulfamate water dispersible granules and 0.5% indazole sulfamate wettable powder. Formulations are mostly single-dose products, but there are also a small amount of complex preparations with mancozeb, cream cyanide or sterilized Dan.

Global high purity alumina market in 2015 market value of 1.784 billion US dollars, by 2022 is expected to grow to 58.612 billion US dollars, the compound annual growth rate of 18.5%.

Asia-Pacific region and China will become the biggest engine of market growth. During the assessment period, 4N category accounted for the largest share of revenue; LED in the consumer market accounted for the largest proportion.

High purity alumina (HPA) is also a non-metallurgical grade alumina (Al2O3), is a very high purity alumina, purity grade from 99.99% to 99.9999%. Mainly used in industrial and high-tech special terminal areas.

Asia-Pacific region has a significant development potential of high purity alumina market. 2015, accounting for 65% of the world’s largest market share. The emergence of a large number of high-purity alumina producers will achieve a compound annual growth rate of 20.75% by 2022. There is also an increasing number of cheap labor and applications. North America and Europe followed.

The major producers of high purity alumina are Alcoa, Sumitomo Chemical, Nippon Light Metal Holdings, Lubon Industry Co.,Ltd, Sasol Limited,  Altech Chemicals and Hebei Pengda New Material Technology Co., Ltd., and so on.

More positive to promote, June 20, the overall strength of the basic metal.

Since the end of May, the price of lead has continued to rise, the cumulative increase of 10%, continue to maintain strong today, the success of the first half of the line, rose to more than two months high, rose 2.11 percent, reported 17675 yuan.

Lead-acid battery consumption season is the main reason for the rise in lead prices, lead concentrate supply and renewable lead production and other factors are also limited to a certain extent, support lead price.

At the same time, the news that the Xinjiang electrolytic aluminum special inspection program has been introduced, coupled with Friday’s own power plant facing inventory, Shanghai aluminum 1708 also rose sharply 2.11%, rose to three weeks high.

In addition to tin tin slightly weakened, the other non-ferrous metals are uplift. Shanghai nickel, Shanghai zinc also rose above 1%.

In addition, overnight LME metal futures rose also led the market to do more atmosphere.

LME copper rose 1.2%, due to China’s news and data show that copper demand stronger.

LME zinc hit a two-week high, due to the expected increase in demand for steel mills, and LME zinc stocks hit a nine-year low.

Week by multiple negative factors, the international oil prices lower volatility.

Weekly first Qatar is breaking off the storm to suppress oil prices. Bahrain, Saudi Arabia, the United Arab Emirates, Egypt and Yemen announced their severance of diplomatic relations with Qatar, respectively, accusing Qatar of supporting terrorist activities and undermining the regional security situation. The Ministry of Foreign Affairs of Qatar issued a statement later that day to express regret and shock to the multinational and its severance, that this move “no reason.” Analysts said that the severance of the matter involved a number of OPEC members, triggering investors on the issue of whether the extension of the concerns, resulting in international oil prices fell that day.

Zhou Zhong US Energy Information Bureau released data show that last week the United States national commercial crude oil inventories unexpectedly increased 330 million barrels to 5.132 billion barrels, after the market is expected to decline for the ninth consecutive week. US business oil inventories unexpectedly increased the market for international crude oil oversupply concerns, leading to sharp decline in oil prices.

In addition, the US oilfield technology services company Baker Hughes released the same week reported that the number of US operations in the oil field drilling for the first 21 weeks rise, indicating that the US shale oil manufacturers continued to increase production.

Into June, with the market generally expected in the Fed once again raise interest rates approaching, the international gold market does not fall up – the international gold price for four weeks away from the 1300 US dollars mark only one step away. Among them, the US non-farm employment data on the price of gold had a greater impact. Although the unemployment rate fell to the lowest in 16 years, but the US non-farm sector in May the new employment population of 138,000, lower than market expectations, to promote the week to further rise in gold prices.

Earlier, the rate hike is often seen as a negative factor in the gold futures market. Looking back the history is not difficult to find the 2008 international financial crisis since the Fed has raised interest rates three times, each time the first half of the rate hike the gold market are down trend, interest rate decision after the announcement will rebound.

On the other hand, since May the dollar index fell, the yuan, the euro, the yen and other non-US currencies rose to varying degrees, supporting the dollar-denominated gold strengthened.

For the gold trend, the British metal focus company previously released research report, looking to the future, the world’s major economies to maintain the negative interest rate of interest rates will continue to provide support for the price of gold.

OPEC (OPEC) and non-OPEC oil producers will meet in Vienna on 25th, and it is widely expected that these “oil centers” will extend the implementation of the existing production agreement until the end of March next year. By this boost, the recent sharp rise in international oil prices.

However, some clues show that oil-producing countries cut production is still difficult to supply excess ills.

Overweight production is expected to boost oil prices in domestic refined oil prices up

Originally due to high inventory and worry about crude oil bulls in the last week ushered in a glimmer of hope. Turning from Saudi Arabia and Russia’s position, both sides agreed that the cut-off agreement should be extended for nine months to March 2018. Iraq, Venezuela and Qatar and other countries followed by support.

The cut-off agreement began at the OPEC meeting held on November 30 last year, and the parties decided to cut their daily crude oil output by 1.2 million barrels, which was the first time that the organization had decided to cut production in 2008. 11 non-OPEC oil-producing countries agreed to cut the daily production of 55.8 million barrels of oil.

Cut the agreement is expected to be extended to boost the recent trend of international oil prices. Last week, New York and London crude oil futures prices rose more than 5% in recent months, while Beijing time at 17:28 on the 22nd, NYMEX crude oil futures prices rose 0.72% to $ 50.69 a barrel, Brent oil prices in the Flat plate near the fluctuations.

In this context, a number of institutions are expected to limit the domestic refined oil this week will be up again.

Zhuo record information analyst Meng Peng told reporters that this cycle, OPEC extended production agreement and the possibility of a substantial decline in US crude oil stocks and other factors to boost the overall rise in international prices as a whole, which will lead to May 25 at 24 o’clock, the domestic Refined oil retail price ushered in the increase.

According to Zhuo record data monitoring model shows that as of May 19 closing, the domestic 7th working day crude oil rate of change closed at 2.75%, the corresponding increase in refined oil price limit of 95 yuan / ton. Due to distance adjustment window is still open 3 working days, and the recent sharp decline in crude oil prices are unlikely, so at 25:00 on May 25, the domestic refined oil retail price will usher in the increase, and eventually raised Amplitude or reach 120 yuan / ton or so.

Longzhong Petrochemical Network pointed out that as of May 19 of the comprehensive rate of change in crude oil was 3.19%, is expected to domestic retail price of refined oil corresponding increase of 100 yuan / ton.

Global to inventory pace slowed crude oil bulls “enemies” more

Despite the profit brought about by the excitement of the market. However, some clues show that crude bulls still need to face many “enemies”. Bear the brunt of the American manufacturers.

OPEC released this month in the oil market monthly report pointed out that the continued growth of US oil production on the crude oil market supply and demand balance pressure, while affecting international oil prices to pick up. Energy service company Baker Hughes data show that as of May 19 of the week, the US drillers to increase the eight active rig, has been the first 18 weeks to increase, the duration of the second longest ever. The total number of active rigs is the largest since April 2015.

In addition to the United States, the Wall Street Journal noted that the rise in Canadian and Brazilian oil production and the small increase in Norwegian production have not yet attracted the attention of some oil traders. According to the media for a survey of five oil research institutions and investment banks, excluding the United States and OPEC led the 24-nation alliance, the top five oil-producing countries may increase the daily output of about 30 million barrels.

Reuters found that since OPEC began to cut production in January this year, from Houston to Singapore and other regions of the oil traders began to empty a large number of oil in the tank. However, many of these storage tanks are now recovering from stocks, or stocks falling faster than investors and oil companies expected. From Asia’s Malacca Strait, to the ports of the Nordic and Gulf of Mexico, global oil-to-stocking has slowed down or even reversed.

Zhongyu information analyst Xu Lei told reporters that the short term, the overall upward trend in international crude oil does not change, but the range is limited, the domestic refined oil market to weak operating mainly downstream demand boost, the Dragon Boat Festival finished domestic market stability Narrow in the narrow, in some areas were mixed, to refining the basic bottom of diesel, it is recommended that domestic traders to recover more carefully.

May Day after the first week, the market activity has not improved significantly. Terminal channel distribution of real digestion is slow, but the upper reaches of the supply pressure is not reduced, high pressure and environmental protection situation led to Shandong, Jiangsu and other key chemical park shutdown production, environmental protection caused by the supply side of the product part of the impact of continuous goods, the overall drug and intermediates tight supply. Circulation of low-cost cash supply gradually reduced, the upstream raw material cost support significantly, the supply side of the price firm, some varieties of signs of a rebound occurred. Terminal with the channel inventory of real digestion, is expected to gradually increase the number of orders.

Insecticide, the current overall high consolidation of the original drug, the market circulation mainly concentrated in the traders and manufacturers of pre-factory inventory, pre-order manufacturers mainly order, part of the cash supply to reduce the price rebounded. The original drug of bilbenol, the supply of organic phosphorus and other varieties of tight, the remaining varieties are more stable. Herbicides, the original drug glyphosate down, glufosinate original drug, fulvoside herb original drug, the original herbicide, the grass and other raw materials are all tight supply, maize herbicide is relatively low. Fungicide high consolidation, the variety of supply is still tight.

Basic chemical raw materials, crude oil prices this week, volatility consolidation, triphenyl, propylene series, phenol ketone and other callbacks, acrylonitrile acetonitrile market to maintain high; chlor-alkali industry, liquid caustic soda, protopine to maintain high prices, liquid chlorine prices low; , Phosphorus chemical and other fluctuations in consolidation, high bromine, yellow phosphorus prices stable, fluorine chemical market stable consolidation.

Environmental inspection to bring the original drug and intermediate manufacturers stop production, forcing manufacturers to carefully orders, pre-order delivery affected, the market supply is still tight. Although the upstream and downstream supply and demand game, resulting in the market part of the wait-and-see mood, but the upstream cost support significantly, the original drug supply part of the tensions did not significantly alleviate the export orders, driven by the spot for the king of the situation.