UBS fixed income asset management director of Asia Pacific high bass (Hayden Briscoe), the trend of capital outflows in emerging markets will continue to fear. I did not feel the recent capital outflow situation is slow, because the dollar is very strong, a strong dollar tightening of global financial situation. From the beginning of 2016 to the beginning of 2017, although the market is relatively optimistic about emerging markets, there are a lot of discussions about emerging market fundamentals and currency, are more active. But in the short term, the dollar is not good news for emerging markets.” In January 10th, “he said in the seventeenth session of the UBS media seminar conference twenty-first Century Economic Herald reporter’s question answer.

However, different views of UBS asset management analyst, global emerging market and the Asia Pacific Equity Fund Manager and Shi Bin proposed, “according to the traditional ideas, the dollar is bound to produce strong pressure on emerging markets. But as we experienced in 2016, the traditional ideas may be wrong, if expected according to the traditional ideas, Trump was elected, a British exit would have happened. Over the past five years, emerging markets are a net outflow of capital, the market could fully reflect the expected. 2016 benefited from rising oil prices, emerging markets are good. I think the next emerging market will be short-term pressure, long-term, optimistic outlook. From the perspective of long-term investors, because the fixed income outlook is not good, is expected to transfer will be long-term allocation of funds from fixed income to emerging markets.” Shi Bin answered in twenty-first Century economic report reporter said.

Statistics show that as of November 2016, 2014 black smelly water investigation has been

confirmed in 13.3%, has completed the remediation work, 32.5% ongoing renovation.

environmental protection The requirements of the Ministry of local industrial

agglomeration area in the end of 2017 built centralized sewage treatment facilities in

accordance with the provisions, and the installation of automatic online monitoring

devices, the completion of overdue, will be suspended for approval and approval of the

increase of water pollution emissions of construction projects, and to withdraw its

qualification in accordance with the relevant provisions of the park.

In the aspect of soil pollution prevention and control, Chen Jining pointed out that 2017

will be started to carry out detailed investigation of soil pollution, soil pollution

investigation and evaluation of construction land, the capital city to guide the

establishment of a negative list list of contaminated land exploitation and utilization.

Chinese Academy of Sciences, Nanjing branch president Zhou Jianmin on twenty-first

Century economic reports suggested that the investigation should prioritize pollution.

From the point view of the region, can from the grain producing areas and the Beijing

Tianjin Hebei region, the Yangtze River Delta, Pearl River Delta three major economic

regions, pollution survey should have cultivated land, also want to have with the city

pollution investigation of course construction, such as Jiangsu province is also the

major grain producing areas, the two type should be detailed and pay equal attention to.

At the same time, environmental protection The Department will also cooperate with the

NPC Standing Committee law enforcement inspection to “prevention and control of solid

waste pollution prevention and control law”, guide and supervise the 138 prevention of

heavy metal pollution in key areas to develop a comprehensive treatment plan, continue to

promote pollution control in key areas.

Viscose staple fiber: last week, the price of viscose staple fiber high consolidation, with the upcoming season replenishment is expected to return to the industry is expected to advance the uplink channel.

Organosilicon monomer: last week, prices slightly up, silicon metal prices high consolidation and parts loosening, methanol prices remain high, the main benefit is the subject of Xin’an Sanyou Chemical shares, etc..

P: domestic fertilizer “6+2″ after a meeting of DAP manufacturers started to decline, prices will remain strong, and the downstream distributors gradually began to take the goods trader.

Urea: last week, the price of urea high consolidation, winter spring season, the demand to improve the superposition of 50% industry started under low gradually highlights the gap between supply and demand and short-term tension capacity caused by the mismatch, the industry boom is expected to continue to improve.

Titanium dioxide: November exports continued to improve, Panzhihua area environmental events affecting the catalytic superimposed industry inventory is tight under the background of billions once again raised the price; at the same time, the recent overseas titanium dioxide giants continue to raise prices.

Pesticide industry last week: glyphosate mainstream price remained at 2.6-2.7 million, part of the price slightly callback; glycine, last week grass supply tensions continued to offer ammonium phosphine, substantially increased to around 170 thousand, the Shijiazhuang area remained the main production shutdowns, expected product prices are expected to remain high; last week, imidacloprid, acetamiprid continued tight supply, by the environmental impact of technical and important intermediate CCMP prices remain high.

The chemical industry this month significantly outperformed the broader market, agricultural supply side reform topics related to agricultural industry over prices strong performance of the plate, sub sectors with urea, phosphate fertilizer, pesticide as the representative to maintain good benefit, at the same time, all kinds of cycle industry with viscose, titanium dioxide was represented by maintaining a strong.

The first quarter of next year and the first half of the chemical sector should still focus on all kinds of periodic chemical sub sectors to improve supply and demand led boom upgrade brings investment opportunities, part of continuous fermentation recently proposed to pay more attention to the environmental protection events and needs significant recovery brought about by sub sector investment opportunities, including: all kinds of agricultural products, viscose staple fiber, silicone PVC, sodium carbonate and titanium dioxide, industrial chain and other sub sectors.

Golden State team recently based chemical view summary

December chemical products price rose to a certain extent exceeded the expectations of the market, from the level of supply and demand changes, such as short-term cost push, capacity constraints and other major cause of rising prices. In 2017 January to sub industry concern prices continued to rise and has a certain ability to deliver performance and related standard, focus on agricultural sector, viscose staple fiber, titanium dioxide and other investment opportunities in the industry, for part of the price rose too fast and the lack of fundamental support for the sub sector is to maintain a cautious attitude.

Recommendations concern the agricultural sector:

Pesticide industry:

At present, the mainstream price hike to glyphosate between 2.6-2.7 million, the product and raw material prices remain high glycine consolidation, it is recommended to focus on success group, and proposes a focus on Xin’an shares, the country shares; the recent price hike of glufosinate to around 170 thousand, short-term supply tensions have not eased, the proposals concern Lier Chemical; imidacloprid, acetamiprid continued tight supply, by the environmental impact of technical and important intermediate CCMP prices remain high, the proposals concern evergreen shares.

P:

The domestic fertilizer “6+2″ after a meeting of DAP prices remain strong, the industry is expected to bring short-term profitability is expected to improve under the trend of investment opportunities, the proposals concern the sky. All over the country: urea urea prices continued to rise since December, winter spring season needs improvement and superposition caused by short-term tension capacity mismatch, the industry boom is expected to continue to improve, the proposals concern Hubei Yihua, Luxi Chemical, Huaneng Power, Yang coal chemical industry etc..

Firmly optimistic about viscose staple fiber:

2017 Viscose staple fiber industry The boom continued to improve, the industry gradually clear, in recent years the production of steady demand growth under the background of environmental protection under the background of superimposed supply continued to tighten, the industry is expected to relay a strong market in 2016. The background of recent off-season price increase is also in this industry solid fundamentals, industry supply and demand have achieved a certain degree of marginal improvement. Recommendations concern related to listed companies, Sanyou chemical Aoyang technology, chemical and Thailand, Nanjing chemical fiber.

The main chemical products this month price and price changes in December N chemical price performance is better, the majority of product prices rose this month or the top five products were reduced (40%), fuel oil (39.35%), butadiene (35.66%), nylon POY (28.93%), MEG (27.18%); the decline in the top five are liquid chlorine (-40.00%), PVC (-17.43%), cotton (-11.43%), dichloromethane (-9.26%), TDI (-8.10%).

Spread performance chemicals:

This month, diammonium phosphate, ethylene ethylene glycol spread huge expansion, polyester staple fiber, soda ash, MDI, PTA spread to some extent expand. Viscose staple fiber, TDI spread to some extent reduced, while the coal head of urea and calcium carbide method PVC spreads shrink serious.

The price oversold chemicals summary:

102 kinds of key chemical product prices this month in gold tracking, there are 9 kinds of chemicals, the price is still in the bottom of the range (less than or equal to the lowest in history this month the average price of *10% operation). In the bottom row to run the first five months of the longest for varieties of butyl rubber (17 months), ammonium nitrate (industrial) (15 months), acrylic staple (14 months), acrylic top (14 months), potassium sulfate (November).