The first three quarters of 2016, titanium dioxide Shirupozhu rose again and again, and before, titanium dioxide is still in decline for four consecutive years of misery. Why the price of titanium dioxide into the normal price? What happened? The bull market will continue to and when? Below we will explore one by one.

The titanium dioxide industry boom gradually rise

Experienced in 2015 after the tragic end of history, starting from titanium dioxide Phoenix in 2016 before the end of 2015, in the three quarter, up high throughout. Rutile type titanium pigment as an example.

In the latest round of titanium dioxide prices, with Sichuan longmang as an example, in September 14th the price once again opened up, rutile titanium dioxide for domestic customers raised 500 yuan / ton, raised the international customers $50 / ton. At the end of the three quarter, rutile high-end market prices have rebounded to 12700-13200 yuan / ton, or up to 28% compared with the beginning. As prices rise, the titanium dioxide industry boom degree also gradually improved, also can be seen from the one or two aspects of enterprise and industry operating profit.

The profits, while the titanium dioxide raw material prices led to increased costs, but its strong gains in titanium dioxide, effectively promote the recovery in profits. The reference of titanium dioxide listed companies report disclosure of data, the first half of 2016 net profit of billions over last year rose 52.49%, to 71 million yuan; and annada is from the huge loss of profit, net profit in the first half of 4 million yuan, an increase of up to 118.77% over the previous year.

In summary, the titanium dioxide industry price, profit and operating condition have been out of the trough in 2015, returned to the level of 2014. So what is the factors to guide this extraordinary counter attack?

Export hot ignition rally, the domestic terminal synchronous recording

domestic sulfur market demand for light, the market

dominated by consolidation, the Spring Festival approaching the deserted, the downstream

guide is not clear, the domestic refineries prices continue to decline, the port trading

atmosphere downturn, while the downstream enterprise replenishment is nearing completion,

the new single handed, the overall market is relatively deserted.

In January 19th, Sinopec Shanghai Gaoqiao Petrochemical solid sulfur sulfur price in the

price of 830 yuan, 780 yuan in the price of liquid sulfur, sulfur containing 12 yuan

fare, liquid sulfur noinstalling normal fare, 7000 tons per month. The main liquid for

Jiangsu sulfuric acid factory, production capacity of 130 thousand tons. The operation of

the Lanzhou Petrochemical 30 thousand tons of sulfur plant in normal, daily output 70

tons, sulfur factory price of 670 yuan / ton, solid hemispherical grain 50KG bag. Sinopec

Jinling Petrochemical production capacity of 260 thousand tons, sulfur sales price in 850

yuan / ton, the liquid sulfur price in 810 yuan / ton, the main sales of liquid sulfur,

the daily output of 600 tons, the main supply surrounding the sulfuric acid plant.

Sinopec Yangzi Petrochemical sulfur plant normal operation, liquid sulfur sales price in

850 yuan / ton, the daily output of 300 tons, the purity of product is 99.9%.

The port, the port of arrival in December -1 month manufacturers is more intensive, but

the demand side is light, total port cargo hold talks scarce, traders wait and see, the

Yangtze River port bulk grain price 880-890 yuan / ton, Qingdao port sulfur particles

reference price 860 yuan / ton, on-demand procurement, market turnover tepid trading

stalemate.

Overall, no substantive progress in sulfur market, holding the goods carefully,

enthusiasm is not high, the market is expected to short-term market consolidation mainly

sulfur.

At present, finishing a narrow range of domestic caustic soda market.

Shaanxi area 99% protopine mainstream price at 3200-3300 yuan / ton; 32% North China alkali ion film mainstream price 850-950 yuan / ton, 99% caustic soda mainstream price 3550-3700 yuan / ton; between 32% ions in the northwest membrane alkali mainstream price 800-850 yuan / ton, 99% caustic soda mainstream price 3000-3300 yuan / ton.

Between January 23rd 32% northwest of ionic membrane caustic soda mainstream price 800-850 yuan / ton, 99% caustic soda mainstream price 3000-3300 yuan / ton. The industry more wait-and-see attitude, downstream demand procurement, the latter is expected to narrow fluctuations in the market. 32% North China alkali ion film mainstream price 850-950 yuan / ton, 99% caustic soda mainstream price 3550-3700 yuan / ton, caustic soda prices stable move, shipments rhythm can, market participants cautious, the market outlook is expected to high market consolidation. The normal operation of Dezhou Shihua caustic soda plant, 32% ion-exchange membrane caustic soda factory price to 2609.38 yuan / ton (100%, the price of Shihua manufacturers inventory), normal goods to go smoothly. Tianjin Bohai chemical plant normal driving, 32% ionic membrane caustic soda factory price 960 yuan / ton (factory price including tax), 99% is the implementation of protopine ex factory price of 3850 yuan / ton, the actual transaction price negotiable, enterprises still take the goods.

At present, the narrow domestic caustic soda market correction. The Spring Festival is drawing near the upstream crude price tends to be stable, downstream manufacturers to accept the goods is less and less, the majority has entered the holiday mode, the actual market trading performance steady light. The latter is expected continuation of a narrow finishing market price of caustic soda.

enterprises in the recent inventory pressure, raw material of acetic acid and ethanol prices weak consolidation, cost support is insufficient, while the downstream by the environmental impact, the local terminal centralized parking demand, supporting weak and positive supplier.

In November 20th, the domestic parts of ethyl acetate Market overview:

The normal production of ethyl acetate plant in Shanghai Wujing 200 thousand tons / year, Nissan 200 tons, this factory price stability, implementation of 5550 yuan / ton cash, part of the transaction negotiations, take the goods properly.

The normal operation of the ethyl acetate plant of Shandong Yankuang 200 thousand tons, Nissan 600 tons, factory price stability, the implementation of 5550 yuan / ton, the actual transaction to discuss, can take the goods inventory, normal.

The normal operation of the ethyl acetate plant in Jiangsu Thorpe 500 thousand tons, Nissan 600 tons, the spot factory price stability, the implementation of 5600 yuan / ton, the actual transaction to low-end, inventory level is normal.

The normal operation of Tangshan Jidong 100 thousand tons of ethyl acetate solvent device, Nissan 200 tons, factory price stability, the implementation of 5800 yuan / ton acceptance, the actual negotiations, inventory is moderate, generally take the goods.

Jiangsu Lianhai biological science and technology a set of ethyl acetate unitoperahon, output 300 tons, factory price stability, the implementation of 5550 yuan / ton, inventory is acceptable, take the goods in good condition.

The normal operation of butyl acetate plant in Shandong Yankuang 100 thousand tons / year, Nissan 500 tons, this factory price increases, the implementation of 5950 yuan / ton, normal shipment.

Market summary: current domestic ethyl acetate enterprises operating normally, stable production capacity, inventory pressure, downstream user demand, the overall market oversupply.

at present, the domestic market continued steady performance of potassium sulfate, trading is still deadlocked, the manufacturers basically extend the previous quotation. Mannheim potassium sulfate plant in by-product hydrochloric acid upside down situation, operating rate remained at 6.5 percent, did not appear to improve.

January 17th Shijiazhuang and potassium sulfate 50% powder factory price 2350 yuan / ton, 50% grain factory price 2500 yuan / ton. Hebei Gaoqiao agricultural science and technology of potassium sulfate particles 50% price 2600 yuan / ton, 50% powder price 2450 yuan / ton, 52% powder price 2550 yuan / ton. Liaoning Xin Water Chemical Co. Ltd. potassium sulfate 50% powder price 2350 yuan / ton, grain price at 2450 yuan / ton. Shandong green chemical potassium sulfate 50% powder factory price 2500 yuan / ton, grain factory price 2660 yuan / ton, 52% powder factory price 2730 yuan / ton.

At present, 50% powder mainstream price at 2400-2500 yuan / ton, the actual turnover still talks. Qinghai area of potassium sulfate does not run smoothly, transportation has not been good to ease. Now 50/51% powder station prices of more than 2300 yuan / ton. SDIC k-lo prices continued early, 51% powder station price 2450 yuan / ton, 52% powder at the price of 2500 yuan / ton, shipping is still not too smooth, tight volume by region.

At present, the upstream prices of potassium chloride, potassium sulfate is expected in the short term price stability oriented.

according to the “oil and gas journal” year-end statistics, the estimated 2016 Global Petroleum (including crude oil and condensate oil and oil sands) output of nearly 39.2 tons, slightly lower than the previous year 0.1%.

Increase in OPEC oil output reached 3% to 16.6 tons, accounting for 42.3% of the world, including Iran, Iraq, Saudi Arabia has strong growth, growth of 2.3%.

Global oil and gas reserves are remaining kerioth minus 0.6%, the oil reserves of 2254.6 tons, also can be mined for 57 years; natural gas reserves of 188 trillion and 300 billion cubic meters, also can be mined for 55 years. OPEC oil reserves increase of 0.04% to 1660.5 tons, accounting for 73.6% of the world’s natural gas reserves; 0.5% dropped to 94 trillion cubic meters, accounts for about half of the world.

China oil production after 10 years of running forward, 2016 is expected to fall to 6%, but still remained at 2 tons, the world ranking from fourth to 2.18 tons dropped to fifth, ranking fourth in iraq.

The sustained and steady growth of China’s oil and gas reserves, oil reserves ranking 1 to thirteenth place, natural gas reserves are still ranked tenth.

Saudi Arabia, the UAE and Kuwait and other oil producing countries have shown signs, actively implement the production agreement for example, Saudi Arabia since this month crude oil production decline of at least 486 thousand barrels a day to 10 million 58 thousand barrels / day; Kuwait January crude oil production target level cut to 2 million 707 thousand barrels.

However, the market is likely to wait a few weeks before from the IEA (International Energy Agency) and EIA (US Energy Information Administration) to get good yield estimates.” Easecredit financial headquarters China District deputy chief business officer Zhu Wenhao told reporters.

Jin Xiao expected, OPEC cuts may drive short-term oil prices further upstream, WTI prices could rise to $55~60 / barrel. But whether OPEC can deliver performance by commitments to cut remains to be seen.

The United States and Russia into the oil price risk point

With the OPEC positive production in stark contrast, the latest data show that in December 2016 Russian oil production of 11 million 210 thousand barrels per day, maintained at a record high. The Russian energy ministry had previously said, because of the weather and technical conditions, cannot suddenly cut, so plan production will be gradually.

The United States, Beck Hughes announced a 4 increase in the number of active drilling rigs to 529, the highest of December 2015, 516 for the same period last year. And at tenth weeks the number of rigs even increase since August 2011, the longest growth period. It also shows that the rebound in oil prices has made American oil production enterprises. Therefore, the future of Russia and the United States crude oil production will be the biggest impact of the international oil price uncertainty.

It is because the market doubts and concerns of increased production prospects, the drilling activities on Monday (January 9th), international oil prices fell 2%.

The Bank of Holland senior energy economist HansvanCleef said: “we have seen around the OPEC and non OPEC production is the optimism of American production concerns offset.”

on January 4, 2017, Holland company DSM coating resin (DSM) announced that its Uralac series polyester powder coating resin from January 15, 2017 onwards (or according to the contract allowed) in the Middle East and Africa to implement price measures, according to the different varieties of products price is 0.16 ~ 0.35 dollars / kg, although the price falls in the Middle East and the African market, but perhaps the supply problem, so the price given by the company’s explanation is “the raw material cost increases because of the Asia Pacific region”.

On the same day, DSM also announced a series of Uralac polyester powder coating resin since January 15, 2017 (or according to the contract allowed) in the European region price 0.05 ~ 0.12 euro /kg, this company directly pointed out that due to the increase in the cost of raw materials.

And Arkema (Arkema) also announced that since February 1, 2017 (or the existing contract allowed), price measures for the implementation of Sartomer business unit’s European company produces products, product sales prices involved in Europe, the Middle East and Africa acrylate and methyl acrylate monomers and oligomers, according to different products, the price range of 100 to 300 euros / ton, the company believes that the decision since March 2016 is due to the increase in raw material and REACH registered a substantial increase in costs.

Previously, Arkema has since January 1, 2017 on the coating business unit under solvent based and waterborne resin products in Europe, the Middle East and Africa increased 50 to 150 euros / ton, involving products including ENCOR polymers and copolymers, SYNOLAC, solvent based alkyd resin modified alkyd resin and polyester, acrylic polyol, SYNOCURE SYNOCRYL thermosetting and thermoplastic acrylic resin, GELKYD resin, solvent SUPERGELYKYD, solvent type alkyd resin and polyurethane resin UNITHANE, SYNAQUA oil alkyd resin emulsion and water dilutable resin etc..

At the same time, since January 1, 2017 akema company sales in the European market for all grades of acrylic monomers has been the implementation of the price, the price of 100 euros / ton of acrylic acid and methyl acrylate price of 110 euros / ton, the price of 120 euros / ton ethyl acrylate, butyl acrylate and acrylic acid isooctyl price of 140 euros / ton. And the Evatane, Lotryl and Lotader brands of resin product price 100 euro / ton.

In January 4, 2017, a new group of professional paint resin manufacturers Zhan (allnex) announced the world’s largest since February 1, 2017 (or according to the terms of the contract, the price of permits) in Europe, the Middle East and Africa liquid resin and additives on product line sales of all products, uniform price is 0.15 euros / kg, the company explained “the cost of raw materials continued to increase”.

In addition, jamsun has decided since January 15, 2017 in Europe, the Middle East and Africa regions of VIAPAL unsaturated polyester resin, coating and pigment paste series product price 0.15 euros / kg. And since January 1, 2017 the price of polyester and Zhanjiang additives with new has been in Europe and the Middle East and Africa on its CRYLCOAT, SETAPOLL, ADDITOL, MODAFLOW, SYNTHACRYL, BECKOPOX and UVECOAT series of powder coatings, ranging from 0.08 to 0.12 euros / kg. The same period the company still America’s CRYLCOAT resin series products line price 0.04 ~ 0.07 dollar / pound.

The world’s largest titanium pigment production business for the company (Chemours) has previously announced, from February 1, 2017 onwards, in Latin America, the Middle East, Eastern Europe and sub Saharan Africa south of titanium dioxide products such as the sales price of 150 U.S. dollars / ton, the same period sales in Western Europe region and Central Europe, Turkey and North Africa titanium the price of 175 euros / ton.

Reichhold company announced that the company’s sales in the United States and Canada in the coatings industry all products containing alkyd resin TDI price 0.06 dollar / pound, the decision for the shipment in January 12, 2017 or after all order. The company’s North American paint sales director JulieFuell said: “TDI in the global scope of planned and unplanned supply shortage, resulting in TDI prices soared, so the company reluctantly carried the price”. But in fact the price crisis has subsided more than half of TDI, has also been a cosmos at the end of December announced MDI and TDI returned to normal production.

for 4 days about 19:30, Yanan City Ma Dong Chuan Xiang Tanyaogou Mizoguchi suspected chemical plant explosion, the specific casualties is not clear. The reporter just from the Public Security Bureau of Yanan city fire brigade was informed that currently has a number of departments of firefighters, the fire brigade Secret Squadron pagoda, Yichuan fire brigade and other rescue vehicles rushed to the rescue scene.

The reform of salt industry brewing for a long time, will be officially opened the curtain in January 1, 2017. The curtain opened on the occasion, a capital intensive debut, or man onrush, or develop, or by boat. This was the hardest “fortress”, various funds are Cemayangbian, hezonglianheng, to break the ice after the release of the vitality of the market.

Multi channel funds into the market, the price of salt stable period

In December 28th, China National Salt Industry Corporation and Tianjin Changlu Salt Industry Corporation, Hebei province salt monopoly group investment company established in Beijing Tianjin Hebei industry co.. This is the first scheme reform of salt system introduced after the establishment of the inter regional marketing one of modern salt enterprises.

Just a few days ago, private enterprises salt salt Tang Yi announced in 2017 will promote the edible salt products listed in the country, to bring more high-quality salt products for domestic consumers.

Salt prices, will lead to rising prices? The industry believes that the identity of the funds into the salt market, will be conducive to the basic stability of the price of salt.

According to the benefits of salt Hall of the person in charge, at present China’s salt market overall supply and oversupply. Last year the national salt consumption is about 10 million tons, while salt production exceeded 70 million tons, is 7 times of consumption.

Open the salt Market under this background, multi entry, there will be competition, industry consolidation, on the whole, fully protect the salt market supply, common salt prices does not appear abnormal fluctuations in the short term, it may even cause a slight reduction of the price of salt.

NDRC official said, the price of salt after the release, will be taken to ensure market supply, establish and perfect the system, strengthen the salt salt reserve market price monitoring and other measures, and earnestly safeguard the salt market and stable prices.

The increasingly fierce competition, more abundant salt products