In fact, environmental events for coke steel and chemical companies, not one size fits all positive, the latter will appear differentiation trend. “The government environmental policy limiting the production of lead steel operating rates fell sharply, which makes the demand for coke mills dips, took the opportunity to put forward a reduced purchase price of coke, coking plants and steel between the game intensified.” Guangzhou futures analyst Li Jun said.

Gu Meng pointed out that the recent mill due to limited production leads to the amount of coke decreased, tentative lifting and lowering the price of coke, coke prices agreed to part of 20-50 yuan / ton fell. But most coking enterprises, limited production rate in the same situation, at present the price of Coke will not appear obvious decline, and even some coke enterprises trying to put up the price of coke, into the annealing.

Coking coal, Gu said because of the end of 12 adorable, the upcoming winter storage, the vast majority of enterprises believe that the price will not fall before the spring festival. But some companies more bearish after the Spring Festival of the coal market, crude steel production in 2017 should be in a downward trend, while the coal supply will be improved, the overall bearish price of coke. But the rate of decline in the coal, also some differences exist between enterprises, enterprises more optimistic that coke price will not be less than 1500 yuan / ton. For the rectification of intermediate frequency furnace and the capacity to next year’s substantive effect remains to be seen.

“Environmental protection limited production is indeed caused by the insufficient supply of local domestic chemicals, but this does not change the pattern of excess supply of domestic chemicals. And this is also the stage of production, it is difficult to live on, therefore also belong to the short-term effects of chemicals for support, and did not change the pattern of excess supply of chemical.” Jinshi futures analyst Huang Liqiang said.

He believes that the current overall chemical industry is still oversupply pattern, which PTA is the most representative. But due to limited production (methanol) and winter (Li Qing) and other factors, the supply shortage stage. The short term, this effect still exists, so the chemical industry is expected to continue to rise, but the rise of the sustainability of doubt.

The environmental pressure effect, the blast furnace operating rate dropped significantly last week. According to Mysteel statistics, last week the national sample of 163 steel blast furnace operating rate of 75.83%, than the previous week dropped 0.69%; 72 samples in Hebei steel blast furnace operating rate of 79.68%, than the previous week down 1.59%. The 139 main building materials plant last week steel production was 3 million 10 thousand tons, down more than 3.32% cycles; the operating rate of 73.8%, than the previous week down 4.2%.

On the current situation, is now part of mills receive notice, but not all production, there are still individual mills in production enterprise. Since the environmental protection policies have been introduced, Tangshan area dispatching billet and furnace manufacturers operating rate has been at a low level. At the same time, affected by the recent shipments difficult, some steel mills have independently increased efforts to limit production, the medium frequency furnace to capacity effects have not been evident.” Zhang Congcong said.

According to statistics, the Tangshan area of the intermediate frequency furnace, related products are mostly steel, plate, steel and other building materials, which relates to an annual production capacity of about 12 million tons. Zhang Congcong pointed out that the latter point of view, if the complete closure of the local electric enterprises, to the local, will reduce the impact of Dachang enterprises building materials market, reduce overall supply, supporting the market price; at the same time, the relevant message capacity to support market confidence, pushing up the market price; furthermore, easy to cut scrap purchase price to reduce the production cost. At this stage the price pull up, market speculation suspects, in steel production has not eliminated the implement at the same time, there is a certain risk.

Golden State Securities analysts believe that last week the second batch of environmental supervision in Jiangsu and other places open superposition of intermediate frequency furnace demolition operations, coupled with the end of plant maintenance increased, leading to a national blast furnace operating rate of return low (lower than the same period last year), steel production decreased to a certain extent the hedge effect of off-season demand. Therefore, the recent steel prices are still relatively strong, always maintain a good level of gross margin, with the impact of event depth, steel prices will remain volatile situation.

The internal game intensified

in the domestic market take a larger volume of sulfuric acid method of rutile type titanium dioxide as an example, in November, titanium dioxide Market contrarian rose at the beginning of the month, the average price of 14035 yuan / ton, the average price of 14785 yuan / ton (including tax), or 5.34%.

The majority of domestic sulfuric acid method of rutile and anatase titanium dioxide is the mainstream offer in 13500-14800 yuan / ton 11500-12500 yuan / ton (including tax).

In November 30th, titanium dioxide (sulfur. Kim. Factory) commodity index was 70.19, compared with yesterday rose 0.12 points, representing the highest point period 100 (2011-09-04) fell 29.81% compared with December 29, 2015, the lowest point of 51.68 rose 35.82%. (Note: 2011-09-01 cycle refers to the present)

According to the general situation and trend of the market price of titanium dioxide, titanium dioxide chemical branch of product analyst analysis for the following reasons:

(1), “long Bai” fit, then rose 1000 yuan

Hubei Yihua (0.00,0.000,0.00%) shares resume trading, intends to raise 1 billion 780 million for technical transformation into Hubei capacity of coal water slurry technology, Yihua group after the issuance of equity ratio will be reduced to 13.49%, according to the current conditions of issuance of additional reserve price of 7.47 yuan limit calculation. During the suspension period of urea rose 80 yuan / ton, up 40 yuan / tons of caustic soda, Hubei DAP rose 100 yuan / ton, down PVC.

Last week has to pay more attention to other sectors of the seasonal agricultural investment opportunities, P may appear the same logic with urea; polyester filament rose, FDY or more. This week Shandong urea market price at 1550 yuan / ton, or 19.23% months, the whole industry chain inventory is very low, the rising cost of improved demand + + complement theinventory urea inflection point confirmed that the next six months prices continued to rise strong uncertainty.

This week PVC futures contract fell 110 to 7305 yuan / ton, down 1.48% weeks; East China calcium carbide PVC spot fell 300 to 7950 yuan / ton, 99% or 3.64% weeks; protopine in East China market price rose 20 to 3830 yuan / ton, rose 0.52%; East China maintain 3125 yuan / ton of calcium carbide. The main reason is the recent futures market futures representative variety of double focus turn, pay attention to the relevant sector risk, but because of the early price is not as commodity prices rose sharply, and the 4 quarter earnings uncertainty significantly improved.

Aromatic profitability strong and private petrochemical project Rongsheng Petrochemical (14.85,0.130,0.88%); viscose staple fiber, spandex filament, three business good, private placement of large safety margin of Xinxiang chemical fiber industry; growth stable quasi regional core enterprise Scarlett energy transition to new energy (9.85, -0.040, -0.40%) on downstream industries; chain integration construction cost advantage, benefit Ordos ferrosilicon and silicon manganese and PVC prices; benefit of all steel tire leading in its chemical Chinese Aeolus tire assets integration and integration after the synergistic effect of (10.60, -0.010, -0.09%).

It is understood that the downstream tire enterprises hot situation continues, the current orders generally lined up, construction is still high before the spring festival. Raw material from the end of November, December, Yunnan, Hainan, Southeast Asian producing area will gradually stop cutting into the period, new supply is gradually reduced, the market will stop cutting test period inventory stock supply situation will continue. The expected 2017 year in the two quarter, the spot will continue to reflect the contradictions, the two quarter prices can be expected.

After the reorganization of supply chain value return and restocking will continue

From the point of view of a longer cycle, rubber after 6 consecutive years of decline, the whole supply chain is seriously damaged, repair the current from the start price will continue to expand.

Over the past few years, in the upper reaches of decline damaged in the most prominent, the price has exceeded the limit of long-term cost, caused the rubber farmers abandoned the shortage, cut, glue factory bankruptcy integration. The middle reaches of the trade circulation continuous passive to speculation, to the inventory, the spot level after the mighty wave crashing on a sandy shore short of energy has already cut. The downstream long-term maintenance of low inventory purchasing strategy, but benefit from raw materials, sustained low end market demand expansion, the overall scale and profits continue to grow.

The current rally is to repair the entire rubber supply chain value distribution, the future upstream of the dilemma will be improved, the whole industry restocking will be further expanded. Rubber will be accompanied by other commodities in the macro fundamentals, fundamentals, techniques, funds face multiple bullish superposition, prices continuing steadily upward. In the long term, to confirm the long-term value of natural rubber in the long.

for nearly three months to the urea industry boom, lower work rate given strong support prices, leading enterprises will fully benefit from. Urea as a nitrogen fertilizer, the nitrogen content is the highest, if the downstream oriented agriculture, there is a rigid demand is irreplaceable, if facing the industry, is an important raw material for many chemical products.

After May 2012, urea has experienced a period of four years the downward cycle, due to capacity increase too fast, the decline in coal prices, food prices, the international price of urea downstream etc..

To mid August this year, the lowest price of domestic urea has been less than 1200 yuan / ton, the whole industry is facing a loss or difficult to profit. But in the coal prices rose, preferential tariff, cancel transportation costs, environmental remediation, inventories continued to decline under the superposition of multiple factors, the past three months, urea opened a wave of relatively strong rebound.

In 2017, the downstream demand and exports is expected to decline slightly, but in the aspect of raw material cost, transportation cost, environmental protection supervision under pressure, domestic urea device can only maintain low operating rate, but will make the urea product supply slightly tight situation, the price to bring strong support.

At present, promote the supply side reforms in the country, only the production capacity of urea technology behind the high cost of facing elimination process leading low energy enterprises will gain considerable profit.

In December 1st, Chinese ammonia local market prices down, the Hebei area of Shijiazhuang mainstream 30 yuan down, Jiangsu Jiangsu downward price 50-60 yuan.

At present, Hebei Shijiazhuang mainstream acceptance of 2320-2330 yuan / ton, Cangzhou factory acceptance price 2550 yuan / ton; Shandong Shandong cash 2430-2560 yuan / ton, Linyi area factory acceptance in 2620-2650 yuan / ton; Jiangsu North Jiangsu acceptance factory mainstream 2540-2550 yuan / ton, South of Jiangsu acceptance of mainstream 2700-2750 yuan / ton; Anhui Anhui mainstream 2490-2500 yuan / acceptance tons of cash in the mainstream 2600 yuan / ton; Henan regional mainstream 2400-2450 yuan / ton; Hubei ammonia quoted in the mainstream 2650-2720 yuan / ton, the actual turnover of 2600-2650 yuan / ton; Hunan mainstream price at around 2750 yuan / ton.

Market forecast: Hebei, Shandong area market outlook bearish sentiment strong, Jiangsu has today down, also is not optimistic about the market outlook. The total amount of goods in Anhui has an increasing trend, according to the market adjust up or take the goods, the Hubei market temporarily support prices in Anhui.

A short, North and Shandong, Jiangsu region will remain the main tone of the following behavior, central region or to temporarily narrow steady main behavior. The latter concern environmental inspection of Hubei area operating rate.

Shanghai Demao chemical l-propanol foreign price 10000 yuan / ton, are not available, the real single talks.

Nanjing Rongxin Chemical Co., n-propanol foreign price stability, implementation of 9500 yuan / ton (apron) factory, full load operation, normal delivery.

Shandong Feng bin Chemical Co., n-propanol offer 9600 yuan / ton (apron), limited stock, real simple talks.

Shanghai Crystal Chemical Co. Ltd. Shanghai l-propanol foreign price 10000 yuan / ton (barrels), out of stock is limited, the real single talks.

Shanghai Yifeng chemical l-propanol foreign price 11300 yuan / ton (barrels), limited inventory, real simple talks.

Shanghai fangye Chemical Co., l-propanol foreign price 10600 yuan / ton (Taiwan Dalian original), real simple negotiations.

Market summary: upstream products of ethylene price stability, current market trading n-propanol flat, discuss the general atmosphere. The recent domestic propanol market running smoothly, a narrow range of fluctuation. The latter concern the cost of raw materials supply situation and face. In view of the dealer price still retained, price is not easy to cause specific discussions or monitoring will differ, there are differences between each region, mainly discuss the real single.

Finance recently, n-propanol market running smoothly. Ethylene upstream of the overall trend of the market is stable, the cost of support is relatively stable.

There are many kinds of process of n-propanol, nalcohol chemical and Rongxin chemical industry mainly ethylene, the upstream product prices stable, product is a quasi monopoly price, n-propanol specific import and Nanjing manufacturers, and n-propanol downstream demand, domestic production capacity reached a basic supply and demand.

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In December 2nd, some domestic enterprises or regions propanol market price dynamics:

Zhejiang sunrise Chemical Co., n-propanol foreign price 9800 yuan / ton (bottled / Taiwan), the current inventory is limited, the real single talks.

What operation of Henan annual production capacity of 250 thousand tons of adipic acid plant, Henan science and technology 150 thousand tons of nylon what device load is about 50%, adipic acid products mainly for their own use, less export sales, December listing price of 9600 yuan / ton, the current manufacturers inventory reasonable, go smoothly.

Shandong Hong Yenian adipic acid plant capacity of 140 thousand tons, 70 thousand tons of the normal operation of the device, adipic acid listing price of 9600 yuan / ton, the current manufacturers inventory reasonable, normal shipment.

Liaoyang Petrochemical adipic acid prices remain stable, the current implementation of adipic acid listing price of 10000 yuan / ton, the spot price of 9600 yuan / ton.

Haili adipic acid prices remain stable, adipic acid listed price out of 9800 yuan / ton, the spot price of 9400 yuan / ton.

Market summary: on the one hand the domestic market upside is still pure, adipic acid manufacturers prices will also lower PU strong; pulp, shoe sole device load, downstream manufacturers said that next month will be down again or device load, market demand is insufficient, expected in December continue to push up the cost of adipic acid Market prices Zhangfuquhuan, overall normal operation.