According to business association monitoring: into April hydrogen peroxide market growth slowed down slightly, the overall rise is still dominated. On the first working day of the third week, the market of hydrogen peroxide rose again. The average price of 27.5% hydrogen peroxide in China was 1,257 yuan/ton, with a one-day increase of more than 12.53%.

Since April, the start-up rate of hydrogen peroxide terminal plants has increased, and the demand for rigidity has increased. This week’s military exercises are approaching, transportation is limited, terminal manufacturers are ready in advance, and hydrogen peroxide prices are rising again. The price of Hebei has exceeded 1300 yuan/ton, the mainstream price is 1300-1350 yuan/ton, and the price has risen 150-200 yuan/ton. Shandong mainstream quoted 1180-1220 yuan/ton, the price rose by 90-180 yuan/ton. Supply is tightening and hydrogen peroxide Market is moving faster.

Business analysts believe that terminal demand support, hydrogen peroxide is easy to rise and fall in the short term, the price is expected to break through the 1400 yuan mark.

According to the report of Azerbaijani Trend News Agency on April 10, 2019, Baku, Azerbaijani Trend News Agency quoted OPEC’s monthly oil market report on April 10 that the average daily crude oil production of 14 OPEC member countries in March was 3.02 million barrels, a decrease of 534,000 barrels compared with the average daily oil production in February.

According to the report, crude oil production declined in March mainly in Saudi Arabia and Iraq, while oil production increased in March in Congo and Nigeria.

In its report, OPEC said its share of global crude oil production in March 2019 was down 0.5% to 30.2% from February.

On November 30, 2018, OPEC and its partners decided in Vienna to extend the cut-off period until the end of 2018. At present, OPEC and its allies are stepping up their efforts to end the oversupply of crude oil prices and the global energy industry that has hit hard for three years.

On December 7, 2018, the Fifth OPEC and Non-OPEC Ministerial Conference was held in Vienna, Austria. The meeting participants decided to cut oil production by 1.2 million barrels per day in the six months starting January 1, 2019. Under the new agreement, OPEC and non-OPEC oil-producing countries will target production cuts of 800,000 barrels per day (2.5%) and 400,000 barrels per day (2%) respectively.

Recently, news about the rising dyeing fees of dyeing and dyeing enterprises came out frequently. The rising price of dyes directly affects the production cost of dyeing enterprises. In this upsurge of rising dyeing fees, how to reduce costs and increase efficiency and avoid risks for dyeing enterprises is one of the most concerned issues in the industry.

On April 9, the 18th National Technical Exchange on New Materials, New Technologies, New Technologies and New Products in Printing and Dyeing Industry was held in Shanghai. At the meeting, relevant industry experts, technology research and development and product developers discussed the current industry situation.

Chen Zhihua, President of China Printing and Dyeing Industry Association, presided over the meeting.

Innovating Green to Break through the “Platform Period” of Industry

Li Lingshen, Vice President of China Textile Industry Federation, said in his speech that at present, the downward pressure of China’s textile industry is great. The industry should start from the system construction, accelerate the construction of high-end leadership, promote the traditional industry to jump to the middle and high-end, vigorously develop high-end manufacturing, continuously optimize the industrial layout, and take the development path of improving quality and efficiency. “In order to achieve a higher quality, more efficient and more sustainable development of the printing and dyeing industry, we must continue to grasp the innovative development direction of material application, technology research, process optimization and product development. Through technological change, we can achieve quality change, efficiency change and power change, providing new momentum, opening up new paths and creating new advantages for the development of China’s textile industry in the new era. “Li Lingshen suggested that printing and dyeing enterprises should strengthen innovation drive to realize the transformation of new and old kinetic energy and high-quality development of the industry. Second, we should deepen the industry development and broaden the application of new and efficient materials. Thirdly, we should carry out our duty and strengthen the innovation of new dyeing and finishing technologies for energy saving and emission reduction. Fourth, we should seize the opportunity of the times and promote the penetration and integration of intelligent manufacturing technology and industry. Fifth, we should seize the market highland, adapt to consumer demand and lead consumer demand through product innovation.

Cao Xuejun, deputy director of the Consumer Goods Department of the Ministry of Industry and Information Technology, said that at present, the momentum of world economic growth has weakened, the textile industry has entered a new stage of transformation and upgrading, and the quantity has changed to quality. “Since 2012, the growth rate of China’s printing and dyeing industry has slowed down, and the global market share has declined. Nowadays, problems such as rising costs and difficult employment are becoming increasingly prominent. The printing and dyeing industry can be said to have entered a platform period. “

Cao Xuejun said frankly that this has put forward higher requirements for innovative technology and management of printing and dyeing industry. It is not only necessary to reform innovative thinking and promote the construction of enterprise management system, but also necessary for printing and dyeing enterprises to integrate responsibility consciousness and green development concept into enterprise management, strengthen the management of energy resources, sewage treatment and chemicals, and use information technology to promote intelligent management. The mechanism of the survival of the fittest. In addition, it is noteworthy that Cao Xuejun revealed that the Consumer Goods Department will organize and publish the green technology and equipment guide for printing and dyeing industry, provide guidance for the cleaner transformation and upgrading of all regions and printing and dyeing enterprises, increase the promotion and application of innovative advanced printing and dyeing technology, and build intelligent printing and dyeing factory, green enterprise and green supply chain.

High-tech breakthrough industry fog

The conference focused on process optimization, production line upgrading, industrial chain integration product collaborative development, Tencel, nylon, regenerated polyester, multi-component fabric dyeing and finishing, high waterproof, flame retardant and temperature change, light change, wet change and other functional fabrics dyeing and finishing, alkali-resistant disperse dyes, high-efficiency desizing agent, chelating dispersant and other new high-efficiency dyeing and chemical additives in the printing and dyeing industry. Deeply discuss and communicate with others.

Zhang Lei, technical service manager of Lanjing Fiber (Shanghai) Co., Ltd. in China, introduced the development and dyeing and finishing technology of Tencel-Lesser fiber textiles. He said that this kind of fiber has the properties of hygroscopicity, air permeability, comfort, good dyeability and environmental protection. It can be pure spinning, and can also be made by different textile and knitting processes with cotton, wool, silk, linen, chemical fibers and cashmere fibers. Blended fabrics with different styles can be used in home textiles, clothing and other fields.

In recent years, Hengtian Lixin has made some breakthroughs in dyeing and finishing technology and technology of new fiber knitted fabrics and has made some achievements. Liang Xilong, manager of Technological Application Center of Lixin Dyeing and Finishing (Shenzhen) Co., Ltd., shared the application of new dyeing machines in the field of multi-functional fibers and energy saving and emission reduction.

How to break through the encirclement of printing and dyeing enterprises under the heavy pressure of environmental protection? Zhang Ning, technical director of Jiangsu Xinruibei Science and Technology Co., Ltd., believes that the trend that enterprises need to follow is process continuity, process simplification, process ecology, spinning environmental protection, terminal product diversification and equipment iteration. It is understood that in recent years, the company’s efforts to develop “enzymatic auxiliaries” for textile, sewage and many other industries have been recognized by the National Textile Industry Association, more in line with ecological standards than traditional dyeing methods.

Shang Songmin, an associate professor in the Department of Textiles and Clothing, Hong Kong Polytechnic University, introduced bionic fabrics. He said the fabrics were inspired by Saharan desert ants, which use their unique wool coats to control electromagnetic waves over a wide spectrum to achieve the biological function of lowering body temperature. After research and development, the fabric has the characteristics of mid-infrared penetration and near-infrared reflection, which makes people feel comfortable and cool.

Xu Changhai, a professor of Jiangnan University, described in detail the dyeing process and properties of alkali-resistant disperse dyes. He pointed out that high alkali-resistant disperse dyes are not only suitable for dyeing polyester in weak acid conditions, but also suitable for dyeing polyester in neutral and alkaline conditions. The process of process execution is to combine the pretreatment and dyeing of polyester. After testing, the color fastness, color light and other indicators meet the requirements, which is a new process worthy of praise.

European plasticizers started in April with healthier demand and stronger spot prices. There were a lot of orders in early April, and some sellers said that the materials in April were sold out.

One factor is that the Easter holiday will begin on April 15, and buyers need to be prepared for it in advance. During the Easter holidays, some buyers will temporarily shut down downstream devices for up to a week.

Rising raw material costs and, in some cases, small supply constraints due to upstream constraints (rather than any technical problems on the site) have also pushed up prices. Most buyers received higher DINP, DOTP and DPHP quotations in April.

The second quarter is usually the peak period of plasticizer demand. Demand began to grow healthily in April, which most sources believe is stronger than March.

“Demand has exceeded our supply capacity.” A DOTP seller said.

Another supplier said, “The market is finally beginning to change.” At the beginning of this year, the supplier pointed out the first quarter price.

“We have received some inquiries from May. Maybe because of Easter, some downstream devices will be shut down. Buyers hope to get May’s price by April 19.” A source said.

“Even at Easter, our consumption will be stronger this month,” said one buyer.

Whether this trend will continue in April remains to be seen. So far, spot prices of DINP and DOTP have risen by about 10-20 euros/ton, and prices are likely to rise further later this month.

Price Trend

According to the data monitoring of the business associations’list, the market of caprolactam was stable this week. The average price of liquid caprolactam in China was 13916.67 yuan per ton at the beginning of the week and 13950 yuan per ton at the end of the week. The price was increased by 33 yuan per ton, an increase of 0.24%.

II. Market Analysis

The market price of caprolactam was slightly revised back this week. The spot transaction price was 13500-14000 yuan/ton, and the price was narrowed. It is understood that the focus of spot transactions is narrow and volatile, the source of goods sales has accelerated compared with the earlier period, and spot prices have stabilized. At present, the price of Shandong Fangming caprolactam liquids is 13500 yuan/ton, the power remittance factory has low stock, 100,000 tons of equipment is in normal operation, the actual transaction can be negotiated; Baling Hengyi caprolactam liquids quoted 14700 yuan/ton, equipment operation, can receive new orders; Shandong Luxi chemical caprolactam liquids price 13800 yuan/ton, cash out of the factory, the first and second phase of the plant is in normal operation.

III. Industrial Chain

The price of downstream conventional spinning chips maintained a narrow fluctuation, the start-up load of manufacturers gradually increased, the demand gradually increased, the supply of lactam on demand, market inquiries are more cautious.

IV. Future Market Forecast

Business associations have been lactam analysts believe that the domestic market has been slightly warmer, with the gradual recovery of supply, downstream replenishment of more rigid demand, short-term market is expected to show a narrow fluctuation trend.

On April 2, the PX commodity index was 64.80, unchanged from yesterday, down 36.72% from the peak of 102.40 points in the cycle (2013-02-28), and up 42.26% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhai Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Hengli Petrochemical PX Plant has been put into operation. Other units have been running steadily for the time being. Due to the increase of domestic market supply of p-xylene, the market for p-xylene has increased. Prices are declining. The opening rate of PX plant in Asia is about 80%. On April 2, the closing price of p-xylene in Asia dropped by 10 US dollars per ton. The closing price is US$1023-1025 per ton FOB in Korea and US$1043-1044 per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene, and the intra market price of p-xylene remains stable.

On April 2, the price of WTI crude oil in May rose to $62.58 per barrel, an increase of $0.99. Brent crude oil in June rose to $69.37 per barrel, an increase of $0.36. The trend of crude oil price rose slightly, which had little effect on the price of downstream petrochemical products and had a stable trend in the price of paraxylene market. Recent textile industry volatility, PTA price trend 3 days lower, the average price of East China in the vicinity of 6600-6750 yuan/ton self-raised, as of 3 days domestic PTA start-up rate is about 75%, polyester industry start-up rate is about 90%, downstream production and sales rate maintained high, but PTA market price changes little, it is expected that PX market prices will remain stable in the later period.

Price Trend

Since March, the domestic acetone market has entered a fast downward channel. Take the market offer in East China as an example: at the beginning of this month, the acetone market in East China offered 3750 yuan/ton, and the domestic acetone market offer has broken 3000 yuan/ton so far. According to the monitoring of commodity data of business associations, petrochemical companies listed 3600 yuan/ton at the beginning of this week and 3000 yuan/ton at the weekend.

II. Analytical Review

Products: Domestic acetone market is weak, the market is difficult to improve, the current market performance is cold, the terminal just need to replenish. Up to now, the factory has maintained a high start-up rate. Only Shiyou of Yangzhou stopped on March 29, but it is not helpful to the current market with sufficient supply, so the supply side is sufficient. But Korean and Thai manufacturers have more maintenance plans in April, and imports are expected to decrease next month. At present, the main negotiation range of East China market is 2900 yuan/ton, the main negotiation range of Yanshan peripheral market and Shandong area is 3000 yuan/ton, and that of South China market is 3050 yuan/ton. Overall, market offers have fallen sharply this week.

Industry Chain: Pure Benzene: Pure Benzene: The recent overall decline in the pure benzene market, the port area of East China is still plagued by the pressure of shipment, the market supply is sufficient, prices continue to weaken, Sinopec listed price implementation of 4650 yuan/ton of spot remittance, Shandong refining prices declined, slightly mainstream shipments in 4200-4250 yuan/ton. Propylene: The propylene market in mid-late March is not hot. After a week or so of supply and demand stalemate, the price of propylene continued to fall, and the mainstream transaction was 6550-7000 yuan/ton by the end of the month. Previous polypropylene futures shocks, spot market boost is weak, it can be said that the market is difficult to change the current situation of the downturn. In April, the fluctuation of downstream and downstream installations in propylene market still exists, and the pressure of supply and demand will gradually decrease. The propylene market is expected to stop falling and recover. However, attention should be paid to the start-up and shutdown of refinery installations, the changes of downstream installations and the market mentality. Downstream terminal construction has been reduced. At present, purchasing is mainly needed. The downstream domestic BPA plant start-up rate is 81%; the acetone cyanohydrin MMA plant start-up rate is 78%; the MIBK start-up rate is 65%; this week the acetone isopropanol start-up rate is 48%. From the overall start-up rate, the performance of the demand side is slightly cold. Especially after the Yancheng Xiangshui incident, most downstream factories entered the stage of parking consolidation and self-checking, so there were insufficient purchasers of large orders entering the market.

3. Future Market Forecast

Oversupply of the market and inadequate terminal start-up are the main reasons for this year’s successive decline in the acetone market. Acetone analysts from business associations believe that the short-term acetone market is difficult to improve. Follow-up attention should be paid to plant maintenance and port inventory. The acetone market will continue to operate in a weak way. It is expected that the acetone market in East China will continue to decline and the market offer will fall to 2700-2900. Yuan / ton.

On March 31, the phthalic anhydride commodity index was 65.69, unchanged from yesterday, down 45.32% from the cyclical peak of 120.13 points (2012-02-28), and up 35.67% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride is weaker, the market of phthalic anhydride and phthalic anhydride in eastern China is weaker, downstream factories are in need of purchasing, factory inventory pressure is continuing, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiation is 6500-6700 yuan/ton, the mainstream of naphthalene source negotiation is 6400 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 6500-6700 yuan/ton, and the market weakness Main, the quotation trend of enterprises slightly declined, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, the market is not good, phthalic anhydride price trend slightly declined.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. The upstream raw material mixed xylene price is stable, the turnover of phthalic anhydride is general, the stock of phthalic anhydride in port is low, the price of phthalic anhydride is temporarily stable, the cost of imported phthalic anhydride is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride remains weak. DOP prices in the downstream are lower. Recently, in the DOP market in Zhejiang, the quotation of merchants has dropped to 8300-8400 yuan/ton, and the downstream price has slightly decreased. The demand for phthalic anhydride in the upstream is limited. The market price of phthalic anhydride has slightly decreased. It is expected that the market price of phthalic anhydride in the later period will be around 6600 yuan/ton.

In 2018, the U.S. crude oil production jumped to the top of the world again after 45 years. With shale oil production increasing, export volume is expected to approach Saudi Arabia, which is currently the largest exporter in five years.

Japanese media pointed out that the U.S. offensive in pursuit of energy dominance will bring about changes in the balance of power between oil-producing countries in the Middle East and Russia. The pro-Israel Trump regime has steadily strengthened sanctions against Iran, ushering in a historic turning point around geopolitics of energy.

According to the monthly energy report released by the U.S. Energy Information Agency (EIA) on March 26, the output of crude oil in the United States increased by 17% in 2018 compared with 2017, Japan Economic News reported on March 28. Daily output surpassed that of Russia and Saudi Arabia, reaching 10.95 million barrels, ranking first in the world. In the early 2000′s, the United States launched the “Shale Revolution” by establishing the technology to extract oil from deep underground rock formations. The current crude oil production is twice that of 10 years ago.

The Trump government believes that increasing domestic energy production will create more jobs. Through deregulation, shale oil production has been increased. The U.S. Energy Information Agency predicts that the United States will continue to increase production by 2027, with a maximum of 14 million barrels a day.

Increasing crude oil production will expand the influence of the United States on foreign and trade policies. At a meeting in Texas on March 12, U.S. Secretary of State Pompeo stressed that “rich energy will be used as a diplomatic chip to vigorously pursue the national interests of the United States”.

The United States imposes economic sanctions on Iran, Venezuela and other hostile oil-producing countries. According to the US media, about eight countries and regions, such as Japan and China, which are not applicable to US sanctions and can purchase crude oil in Iran, some people in the Trump regime have proposed that the purchase of crude oil will not be allowed after the beginning of May.

Some people interpret that the increase in U.S. production will restrain the rise in crude oil prices, even if Iran’s crude oil production is reduced, the impact on the market is not great.

Trump acknowledged on 25 March that the sovereignty of the Golan Heights seized by Israel from Syria in 1967 belonged to Israel. It also strongly criticized Iran as the backing of the Syrian Assad regime, and its bias towards Israel became more obvious.

Expanding crude oil production can also gradually reduce the trade deficit. Since the former Obama regime lifted the ban on crude oil exports in 2015, U.S. crude oil exports have expanded rapidly. Exports reached 2 million barrels a day in 2018, up 70% from 2017. Export areas include about 40 countries and regions such as Asia, Europe and South America.

The Trump regime hopes to further increase exports. In the Sino-US trade negotiations, China has put forward the requirement of purchasing large quantities of crude oil and other energy resources from the United States. Japan, which will negotiate trade with the United States, may also be forced to expand its purchases.

In terms of diplomacy and trade, the Trump regime intends to use crude oil as a card for its “U.S. priority” policy. It is planned to publicize this achievement and help it win again in the US presidential election in 2020.

In the long run, expanding crude oil production will make the United States “far away from the Middle East”. Trump wants to withdraw U.S. troops in Syria and elsewhere and get out of the Middle East. At the end of 2017, the U.S. national security strategy also put forward the policy of shifting the focus from the Middle East anti-terrorism war to the confrontation with China and Russia. The analysis points out that the alternation of international energy hegemony also contains the danger of side effects such as leading to instability in the Middle East.