October, chemical raw materials and chemical products manufacturing an additional profit of 8 billion 140 million yuan, 5 billion 520 million yuan more than in September.

The financial data of the National Bureau of statistics released in November 27th showed that industrial enterprises, 1-10 months, above scale industrial enterprises profit grew 8.6%, the growth rate of 1-9 months to speed up 0.2 percentage points. In October, a year-on-year growth of 9.8%, the growth rate in September, up 2.1 percentage points.

A further solid good posture and enterprise efficiency

October profit growth has accelerated, the better business efficiency situation more stable, specifically in the following aspects.

Industrial product prices continue to rise. In October, industrial producer prices rose 1.2%, rose 1.1 percentage points higher than in September. According to the domestic market demand for industrial products further warming.

Profit margins continue to rise up. In October, above scale industrial enterprises the main business income margin was 6.06%, an increase of 0.24 percentage points.

The financial costs continued to decline year on year. In October, the financial costs of enterprises fell by 4.5%, the continuation of the downward trend since the beginning of the year.

The mining industry profit growth and a new high. In October, the mining industry profits grew 86.6%, an increase of 56.3 percentage points compared to September.

Effect two, the supply side structural reforms continue to appear

Stocks continued to decline. At the end of 10, above scale industrial enterprises inventory of finished goods fell by 0.3%, continued the downward trend since the beginning of the year.

The leverage ratio continued to decline. At the end of 10, industrial enterprises, assets and liabilities was 56.1%, down 0.7 percentage points, a decline of 0.2 percentage points.

To reduce the unit cost. In October, industrial enterprises the main business revenue per hundred dollars of the cost of 85.73 yuan, down 0.13 yuan.

Three, to speed up the sales, prices, profit growth picked up by

The growth rate of industrial enterprises profit in October than in September rose, mainly by the following reasons:

Sales growth accelerated. In October, above scale industrial enterprises the main business revenue grew 5.4%, the growth rate in September, up 1.5 percentage points.

Rise in price。 Preliminary estimates, in October, because of industrial producer prices rose 1.2%, the main business income of about 120 billion 500 million yuan for enterprises to increase, industrial producer prices rose 0.9%, enterprises increased raw material costs about 59 billion 700 million yuan, balance, profit increase of about 60 billion 800 million yuan, more than the September increase of about 10 billion 500 million yuan.

Coal chemical industry, and general equipment industry growth. In October, chemical raw materials and chemical products manufacturing an additional profit of 8 billion 140 million yuan, more than September increased 5 billion 520 million yuan; coal mining and dressing industry an additional profit of 16 billion 560 million yuan, more than September increased 5 billion 610 million yuan; the general equipment manufacturing industry an additional profit of 1 billion 940 million yuan, down 2 billion 860 million yuan in September. More than three industry total pulled above scale industrial enterprises profit growth of 2.7 percentage points.

Although the October industrial profit growth rate rose steadily, but the profit structure is not reasonable, the traditional raw materials manufacturing industry profit growth, profit growth for the entire industry greatly, and high technology manufacturing industry and equipment manufacturing industry profit growth has slowed. In addition, the dynamic profit growth also depends too much on the price rise. Industrial enterprises still need more skills to promote quality and efficiency.

At present, the domestic mainstream manufacturers offer, Shandong Qingzhou Xinhai Technology Development Co., the price of ethanol market price is 5000 yuan / ton; Shandong Yu Sheng Biotechnology Co. Ltd. edible alcohol market price 4950 yuan / ton; Shandong Qingzhou Xinhai Technology Development Co. Ltd. edible ethanol market price is 5000 yuan / ton; CBOT ethanol futures prices in Chicago futures exchange the price of commodity contracts fell 1508 ethanol. South of Jiangsu cassava ethanol market fluctuations in a narrow range, ordinary alcohol mainstream negotiate prices in 4600-4700 yuan / ton tax, anhydrous alcohol mainstream price to 5450 yuan / ton.

In November 23rd, Shandong alcohol market volatility is not ordinary wheat alcohol price mainstream discussion at 4750-4800 yuan / ton tax, general level of cassava ethanol price mainstream discussion at 4600-4700 yuan / ton tax, high corn alcohol mainstream discussion to 4800-4900 yuan / ton tax, the trading floor is slow, wine enterprises take the goods in general. Jilin area ethanol consolidation, the current market mainstream transaction price: ordinary corn ethanol mainstream price 4350-4400 yuan / ton tax, high corn ethanol mainstream price 4400-4500 yuan / ton tax, ethanol mainstream price at 5100-5200 yuan / ton, lower Xingping buy flat, light trading venue.

reported relevant statistics, since the end of September two months, HuJiao main contract rose from 13000 points to more than 16 thousand points, the cumulative increase of nearly 25%, external capital inflows continued, the market to do more enthusiasm.

According to the latest ANRPC report is expected this year, natural rubber production increased slightly by 0.4%, which is since 2014, down 1.9%, an increase of 0.8% in 2015, to maintain the downturn trend for third consecutive years, while the demand is expected this year consumption increased by 4.5%, natural rubber oversupply situation will be effectively alleviated this year.

Since the beginning of 2011, prices continued to fall causing a major reshuffle of the industry chain, taking into account the rubber price fluctuation cycle of about six years, long-term HuJiao is expected to lead to a new round of spring.

Warehouse pressure decreases, the cash premium narrowed sharply

Last week, the downstream polypropylene industry overall operating rate of 66.3%. Among them, Subian industry operating rate was 68%, CO injection molding industry operating rate was 67%, BOPP industry operating rate of 64%. The high price of raw materials, increased costs, reduced profits, and terminal delivery, resulting in plastic industry operating rate decreased slightly over the previous week. Overall, polypropylene industry downstream operating rate still.

Finally, the petrochemical manufacturers inventory low, delivery pressure

At the same time, taking into account the upstream raw material crude oil price upside expectations, PP 1701 contract rebound may exist, you can try more than a single intervention in the vicinity of the 20 day moving average, a target to 9000 yuan / ton.