The industrial chain: this week the benzene market prices continue to increase

The industrial chain: this week the benzene market prices continue to increase, the domestic market of benzene to discuss the market active, optimistic about the market outlook. At present, the downstream PU slurry, shoe sole device manufacturers running smoothly, terminal manufacturers sales performance is acceptable, adipic acid market prices rose rapidly, the manufacturers of raw materials of adipic acid market sentiment, on-demand procurement. The downstream industry cost pressure, raw material procurement cautious.

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This week, the domestic industry: adipic acid Market Focus continued to move up, the market supply tight supply, prices will strongly adipic acid manufacturers, lower cost pressure, the talks deadlocked slightly. The domestic mainstream stock market of adipic acid, take the goods in general.

Market forecast

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The upstream benzene Market sharply increase, the domestic market with prices of adipic acid, adipic acid market supply is tight, the lower cost pressures continue to increase, the market price is expected to have acid next week to maintain high on rising prices.

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Environmental governance haze upgrade fertilizer production enterprises to limit production shutdown

In 2016 second batch of central environmental protection inspectors work started, seven Central Environmental Protection Inspectorate has been set up, carry out environmental protection inspectors are responsible for the work of Beijing, Shanghai, Hubei, Guangdong, Chongqing, Shaanxi, Gansu and other seven provinces and cities, for a period of 1 months. It is reported that, as of November 30th, seven central environmental protection inspectors group has been fully implemented inspectors stationed. From the inspectors work, focus on the attention of the masses of the outstanding environmental problems, the central strong, bad social impact and treatment;

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regional watershed remediation and deteriorate environmental quality inspection of key; key inspectors of local party and government and the relevant departments of environmental protection is not as chaotic as the focus on understanding the implementation of local environment; the protection of the party with responsibility and a pair of responsibility, strict accountability etc.. With groups of inspectors to enter, each unit operation difficult local inspectors. Among them, Hubei province is the main producing area of compound fertilizer, the proportion of national output is about 15%. In general, in December for the production of enterprises winter reserves enterprises to protect the spring season fertilizer, fertilizer, high load operation device. But in December this year, from the beginning of the beginning of the month, the local main business unit under the load of varying degrees of decline, individual enterprise device or even a comprehensive parking.

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In addition, the recent air pollution is serious in some areas, many launched the emergency response, stop limit production, to reduce pollutant emissions. One of the main measures in Hebei released: the sword cut pollution and atmospheric pollution prevention action scheduling order without production requirements of industrial enterprises, will reduce the minimum air pollutant emissions by 50%. Affected by this, it is now the local compound fertilizer enterprise device under construction, some of the parking, late driving time to be determined. Henan area with heavy pollution weather, mainly for industrial pollution emission reduction measures taken, to ensure that the sulfur dioxide, smoke (powder) dust, nitrogen oxide emissions by more than 20%, while increasing the frequency of law enforcement inspection of key pollution sources. According to LIAN’s operating device for gold monitoring data show that at present the main compound fertilizer enterprises installation of the average operating rate of around 53%, down 5 percentage points compared with the end of the month, including Hubei and Hebei plant operating rate fell significantly, the operation of the Shandong, Henan local resistance device. From the process point of view, spraying device affected by the large drum ammoniation and relatively weak.

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From the first batch of environmental inspectors results, eight provinces inspectors, a total fine of nearly 200 million yuan, more than 3 thousand people were accountable; in the inspectors during the local device parking, limit load is obvious; after the end of each inspector, provincial environmental protection department to check, supervise the rectification. In the “13th Five-Year” environmental protection plan, to make up the short board, to promote the development of green environment, environmental quality requirements, not only to better variation, not backslides; to further implement the “action plan” for prevention and control of atmospheric pollution, emissions significantly reduce sulfur dioxide, nitrogen oxides and particulate matter, especially in Beijing, Tianjin, Hebei, Shandong, five provinces of Henan, “13th Five-Year” during the total coal consumption fell by about 10%. Is expected in the near future with the deepening of environmental inspectors, pollution control efforts to increase, the device operating rate in some areas or will further decline.

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The short two DEG or will continue to high order

Recently, Sinopec two glycol price increase, but the overall market within a narrow range. The $two glycol center of gravity, market trading atmosphere light. The recent shipment reported 850 U.S. dollars / ton, delivery of 840 U.S. dollars / ton, about 840-850 dollars / ton.

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In December 13th, the sample average price of 7035.71 yuan / ton, compared with yesterday rose 96.42 yuan / ton, or 1.39%. East China two glycol market consolidation operation. Recently in the related products of ethylene glycol futures contracts and the draft rules appeared for the first time to boost the market, to hasten firm, but with the profit increase, the market to meet resistance, and discuss the currently East market price range in 7050-7100 yuan / ton, the downstream plant procurement intention as resin plant operating load stable slightly decline according to the demand, more rational purchase, chase. Southern China two glycol market strong. The recent high crude oil, and listed in ethylene glycol news driven, electronic market strong rise, boost the relevant stock market trend, but the current market trading stalemate, discuss the intention of 7300 yuan / ton, the downstream plant load is not high, the market rational intervention. The operation of the Fushun Petrochemical two glycol unit normal, factory price 6400 yuan / ton, price stability, recent shipment is not much, the main contract for households, 200 tons per month in normal level, sales. Jilin Petrochemical two glycol factory price 6400 yuan / ton, price stability, reasonable inventory, supply, part of the export, the normal operation of enterprises of ethylene glycol plant. The operation of the Dushanzi Petrochemical two glycol device is normal, the implementation of the factory price of 7100 yuan / ton, price increase 220 yuan / ton, sales oriented enterprises in Xinjiang, the normal operation of equipment. Device manufacturers to produce 400 tons of near normal.

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OPEC a frozen production agreement, the trend of crude oil is stronger and stronger trend is expected to maintain the goods, related products and the distribution trend of the strong side, tight spot, holding the goods long emotional support is strong. The expected short-term will continue to high order two deg.

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Domestic market prices continue to rise in the short term phenol or high order

Recently, the domestic market was continued to rise yesterday by the factory price hike, traders selling actively follow up, downstream users purchase replenishment according to need, to discuss the market higher center of gravity.

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In December 13th, East China offer in 8350-8450 yuan / ton, Shandong area offer more than 8550 yuan / ton to the Yanshan area offer more than 8400 yuan / ton. LAN-STAR Harbin 120 thousand tons / year of 3-acetyltropolone device load 7-8. Phenol price to 8400 yuan / ton. Gaoqiao Petrochemical phenol price to 8400 yuan / ton, two sets of a total of 160 thousand tons / year old 3-acetyltropolone devices continue to parking, the normal operation of Caojing 240 thousand tons / year of 3-acetyltropolone device. Shandong lihuayi phenol product price 8400 yuan / ton, 350 thousand tons / year; the current production of 3-acetyltropolone unit normal, downstream production of 120 thousand tons / year of bisphenol A device is normal, normal delivery. Normal in Tianjin Petrochemical 350 thousand tons / year of 3-acetyltropolone device. The implementation of 8400 yuan / ton price of phenol. Mitsui Chemicals said its sales of Sinopec Mitsui phenol price 9000 yuan / ton factory price since December 8th. Mitsui Chemicals said its sales of Sinopec Mitsui acetone price hike of 200 yuan to 7500 yuan / ton factory price since December 13th.

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Overall, the raw material benzene disk continues to rise, the cost of support, is expected to remain high consolidation or short-term phenol.

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USDA December monthly report: the United States and the easing of global Fundamentals

According to the U.S. Department of agriculture in December global production and demand forecast, compared with last month, 2016/17 U.S. cotton production increased, domestic cotton exports decreased, and the final inventory increase. U.S. cotton production increased 362 thousand to 16 million 500 thousand pack, the reason is Texas yield increase offset by a reduction in the yield of South carolina. The United States to reduce the amount of cotton exports increase 200 thousand bags, 200 thousand bags, 4 million 800 thousand bags for ending stocks, stock consumption ratio of 31%. Farm prices in the United States are 64-70 cents.

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From a global perspective, 2016/17 annual global production and ending stocks increased, Australia, the United States and other countries to increase production and consumption in India, the United States and South Korea to Vietnam, Chinese and consumption increase. Global import volume increased slightly, the world’s ending inventory increased by 842 thousand to 89 million 100 thousand packs.

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