potassium chloride prices this week have a warming trend, the potassium chloride market mainstream offer price at 1887 yuan / ton, and the beginning of the week 1885 yuan / ton rose by 0.11%.

This week the potassium chloride market market basically maintain the previous price. It is reported that the current domestic price of Saline Lake is still strong, regional distributors 60% crystal is maintained at 1790-1820 yuan / ton, no adjustment plan, the price of 57% small and medium enterprises to maintain the powder station in 1600-1650 yuan / ton. Port prices remained stable, the actual transaction price from low-end price to 60% white potash price 1750 yuan / ton, the white K pre-sale price of 1700 yuan / ton, 62% Russian white K ports offer 1630 yuan / ton, the actual single turnover of 1600 yuan / ton, 60% Russian Red price in 1650 yuan / ton. Brazil international potash, potassium chloride particles CIF US $230-240 / ton, large traders getting goods prices slightly lower. At present, Asia standard potassium chloride bulk CIF US $235-240 / ton, 5 U.S. dollars / ton rose from the previous month.

Since 2015, polyolefin price dip, up 2 out of this year. But the LLDPE spot prices are still in the vicinity of 9000, while PP has a big rebound this year, but the price level is still in a low level of 8000. The East China MTP cost, propylene monomer and PP feed back a granulation price respectively is 8070, 6975 and 7150, and PP1701 on the spot still has more than 200 of the premium, thus, the space below is not PP.

The current stock of tight supply situation. As of October 21st, petrochemical stocks continue to decline to 535 thousand tons of low. Sinopec is still stable in very price, on the spot of the strong support, and overall social inventory mainly concentrated in the hands of the traders, especially PP.

From the change of expected stock supply, which mainly include domestic (granules, return material supply and import two pieces). As of October 17th, the domestic polyolefin plant basically have to restart. PE only Lanzhou Petrochemical 170 thousand tons HDPE and 80 thousand tons of Yanshan Petrochemical 60 thousand tons of HDPE, LDPE and PP, restart the program, in addition to several long-term parking device, only the Hebei Haiwei Yanan refinery 300 thousand tons, 100 thousand tons and 150 thousand tons of Jinxi petrochemical PP unit has plans to restart.

From the material aspect, since 2015 the implementation of environmental policies, domestic feed back supply fell sharply. Although this year the return of low-cost advantage appeared again, but subject to the continuing impact of environmental policies, is expected to supply material difficult to rebound.

Although the rebound in domestic demand is steady, but due to internal and external disk continued upside down, imports are expected to grow to. Enter the “silver ten”, polyolefin demand into the season cycle, the downstream demand growth trend is still in, and the agricultural product operation rate is steadily recovering. As of October 20th, LLDPE and PP were respectively -397 and imported profit -487 yuan / ton, upside is still obvious. Therefore, the import growth was just for growth, will not exceed the expected rise, it is difficult to form the impact on the domestic market.

The new capacity devoted to suppress prices

recently polyolefin plastics (including polyethylene PE and polypropylene PP etc.) out of the wave of rapid rising prices. Petrochemical varieties after the national day continued to very price, and part of the downstream mentality from the pessimistic to optimistic, there is centralized replenishment. With the sharp rebound in international oil prices, contributed to this round of rapid rise.

At present, the market went near the previous high. Although the pre Dumbledore gradually digested, the downstream receiving goods slightly weak, plus the petrochemical very price to come to an end, but the overall disk is still relatively resilient, the market outlook will mainly invest in new capacity of negative and low inventory, needs a steady recovery in the game between dumbledore.

The spot price is still at the bottom

The French oil giant Total is one of the world’s six largest oil companies, other oil companies including Shell, BP, Chevron, Mobil.

Total’s business scope covers the entire oil and gas industry chain, from the exploration and development of crude oil and natural gas to power generation, transportation, refining and sales of petroleum products and crude oil and products trading, Total is also a large scale chemical producer.

Total and Amsterdam listed CorbionNV company will be combined with production and sales of polylactic acid (PLA). Before, Corbion is a bio based lactic acid and lactic acid derivatives and lactide company. The two sides plan to set up in the Corbion factory in Thailand, with an annual output of 75000 tons of polylactic acid. At the same time, the two sides will set up a joint venture company has 50% in Holland, the new company will begin operations in the first quarter of 2017.

in recent years, 3D printing materials can be said to be fast, just like BASF, Eastman chemical, Dow Chemical, SABIC, Bayer, Degussa, DSM and so on these old chemical Chemical giants have entered into the field of 3D printing, the new show Carbon is more material and equipment the unique advantage of inhaled 220 million dollars in venture capital.

These specialty chemicals companies in the upstream industry is the petrochemical industry, from upstream to downstream refining business extension is also reasonable. Now, the upper reaches of the Total also announced to enter the field of 3D printing materials, target PLA polylactic acid material.

Recycled materials more environmentally friendly

Relevant personage thinks, after the black rally has become weaker, the futures market may set off a round of strong plate, chemical products, agricultural products, precious metals is expected to take over.
Jin Xiao believes that the next hot plate may be nonferrous metal. After Trump came to power may adopt expansionary fiscal policy to stimulate the economy, the market demand for non-ferrous metals is expected to rise sharply. The domestic real estate control policies for the negative impact of real estate investment will be gradually reflected in next year, the infrastructure construction for the steady growth of the role will be more prominent. Therefore, non-ferrous metals most likely following can become the next hot plate.

Lin Jing said that under the background of inflation expectations, funds from the black building plate outflow, or turn into pre or small agricultural products, chemical and non-ferrous plate. From the chemical sector, the overall inventory is not high, the majority showed a tight balance, such as the continued inflow of funds, may be concerned about the positive price to expand trade opportunities. Fundamentals of different chemical plate varieties, from the absolute price level and lower profit situation, PTA (5056, 42, 0.84%) are the prices of basic conduction down.

Cheng Xiaoyong said, driven by inflation rose to monetary tightening has certain time difference, so the future of commodity sector led will also move round the back of precious metal plate, and other commodities may be due to the lower risk to bear the high prices of raw materials and consumer demand is suppressed, and the high prices to stimulate supply recovery, but gains less closely correlation and inflation of precious metals.

methanol also crazy. Less than two months, up nearly 50%.

This year National Day over, methanol futures didn’t stop. Before the national day of the port area of East China methanol price is only 1900 yuan / ton, the festival rose to 2050 yuan / ton. A little later after a breath and made a whirlwind, just a week, from 2500 up to 3200!

WeChat pictures from the public number futures daily”

However, methanol futures mania is only a corner of iceberg chemical industry.

This chemical price rose more than 30% of the nearly 30, price rose more than 30% to 16. TDI and other varieties of prices and spreads or even reached 164.8% and 285.6%, a record high.

Orient Securities Chief Petrochemical analyst Zhao Chen believes that this year, chemical products prices continued to rebound, corporate profits improved significantly, not only because the demand side policy underpinning to maintain growth, and the supply side of the past few years a lot of exit capacity, finally the gap between supply and demand to boost prices.

Recently, some commodities rose to huge disproportionate with the fundamentals, but once again reflects, behind this high economic growing chemicals, may be irrelevant and real speculation.

The fundamental difference between supply and demand: creating opportunities range of varieties

Since October this year, China methanol price from 1903 yuan / ton rose to 2771 yuan / ton, up 45.6%.

Haitong Securities Think, methanol prices, Price spreads, contribute to the methanol production enterprises to improve profitability .

The reason, one is on the supply side, the rising cost of raw materials: this year, China’s coal and methanol accounted for 71%, and since October, the average price of anthracite in Central China rose up to 32.4%; while oil in November 20th began to increase the non resident natural gas price 10%~20% also promoted the head of methanol gas prices.

Demand: to reduce the downstream demand into the traditional off-season, the traditional off-season market downturn, traders positive outlook lack of confidence about small single shipment, just need a low price, paint coating and other industries demand into the traditional off-season, the market upside is limited.

The domestic TDI market continued to decline, the spot was deserted, traders cautious stability, low center of gravity field negotiations deadlocked, bid cautious, downstream users more bearish outlook, the market offer positive poor industry cautious with low concentration of sporadic talks. Expected short-term market weakness consolidation TDI.

domestic TDI market continued to weaken, light trading market, wait-and-see atmosphere, air atmosphere highlights. Offer at the beginning of the week the average ex factory price of 34571.43 yuan / ton, the weekend average ex factory price of 31785.71 yuan / ton, down 8.06% weeks, nearly three months rose 109.62%.

The domestic TDI market continued downturn last week, the spot light trading, industry cautious with low concentration of sporadic talks, market atmosphere, turnover continued to decline in focus. Among them, the East China TDI market weakness stalemate, the traditional off-season market downturn, traders lack of confidence outlook positive shipments, domestic goods negotiations refer to 30000-31000 yuan / ton, Shanghai goods to discuss the reference 30500-31000 yuan / ton. TDI; North China market continued weak, small single talks just need the low price of domestic goods with reference 30000-30500 yuan / ton, Shanghai goods to discuss the reference of 31000-32000 yuan / ton.

Upstream: toluene inside and outside the plate is in the hanging pattern, while the downstream procurement needs to follow up is not smooth, no strong positive support. East China toluene Market, light trading, is still strong wait-and-see atmosphere; Southern China venue offers toluene Market cautious buying floor downturn; North China to discuss the weakness inside the real single talks much, is expected in the short term or toluene Market pushed up slightly, but the price is.

Algeria and Venezuela by promoting the elimination of national differences between the main OPEC. OPEC oil policy meeting will be held in Vienna in November 30th.

Saudi Arabia, Iraq and Iran on how to share the cuts are still differences. Algeria news agency reported Sunday, the Saudi energy minister Farich said OPEC Algeria on September production agreement is necessary.

OPEC oil production reached a record high, the market worried about whether OPEC output to reach an agreement, but we believe that most of the OPEC oil producers have been trying their best to production. At present, OPEC countries actively promote the production is expected, in view of the oil producing countries try later this month before the meeting for its location.

The organization of Petroleum Exporting Countries (OPEC) announced Friday, October oil output rose to another record high, despite its planned production, this indicates that the excess supply of the market next year will be more serious. OPEC said in a monthly report, according to the collected from the secondary sources of data, October daily production of 33 million 640 thousand barrels, higher than in September 240 thousand barrels / day.