In addition, Goldman days also said that if OPEC production agreement can not be implemented, or oil prices fell to 40 U.S. dollars / barrel, Goldman also believes that if OPEC cannot reach an agreement, the fundamentals of the oil market will become weak, prices are expected to fall to $40 / barrel.

Crude oil data, the U.S. Energy Information Administration (EIA) released data show that as of October 21st week, the U.S. crude oil inventories fell 553 thousand barrels, fell for two consecutive weeks, to 468 million 160 thousand barrels, the market forecast to increase by 1 million 699 thousand barrels. At the same time, the refined oil inventories fell 3 million 354 thousand barrels, fell for five consecutive weeks, the market was estimated by 1 million 413 thousand barrels.

The Reuters survey, October OPEC crude oil production in September increased 130 thousand barrels per day to 33 million 820 thousand barrels a day, a record high, is mainly driven by Nigeria, Libya and Iraq yield. While Saudi Arabia October production from 10 million 550 thousand barrels a day fell slightly to 10 million 530 thousand barrels / day.

Since OPEC’s first production agreement in 8 years at the end of September, the international oil price has rebounded by about 15% in early October, Brent crude hit a year high, the U.S. WTI crude oil also had hit 15 month highs. But in the past two weeks, as more and more members of the OPEC statement unwilling to cooperate with production, the investors in the November 30th OPEC meeting in Vienna have a pessimistic attitude.

DavidThompson Powerhouse, executive vice president, said: “although the oil price always overnight rebound, but the rebound since the end of September rose was gradually eroded. Now, take a cut unless Saudi responsibility, otherwise the fear of further dropping low prices.”

OPEC officials said Monday, members have reached a long-term strategic agreement that exports between member countries are trying to resolve disputes, increase to reach agreement to limit production. The framework agreement OPCE countries in September 28th reached unexpected output limit, in the next 9 days, Brent crude oil futures prices surged more than $8 / day. The agreement to hold a large number of short positions of hedge funds and other asset managers in the market to be caught off guard, a wave of sustained high fill.

in October 26th, Shandong Huaxing refinery propylene equipment normal operation, the annual production capacity of 350 thousand tons, prices rose 10, the implementation of 6850 yuan / ton, the normal inventory.

in East China in October 26th 32% caustic alkali mainstream price 800-880 yuan / ton, rose 40 yuan / ton, 99% caustic soda mainstream price 3750-3900 yuan / ton, the recent price follow the market, the downstream demand procurement, the main market is expected to post finishing.

in northern China in October 26th the market price of acetic anhydride concussion, discuss the mainstream venue for 4900-5000 yuan / ton, the cash supply is normal, the recent price shocks on acetic anhydride.

Finance recently, G20 ended, factory operating rate of recovery, acid manufacturers equipment normal operation, the supply of formic acid is acceptable, the dealer inventory is acceptable, the expected short-term market or stable operation of weak acid.

In September 12th, the domestic parts of formic acid market price dynamics:

Jinzhou City gold HTC Chemical Co. Ltd. 85% formic acid water from the price of 1950 yuan / ton, temporary price stability, normal sales.

Cangzhou Dahua TDI the latest sales price 17000 yuan / ton, compared with the previous increase 1000 yuan / ton, 150 thousand tons of equipment normal operation, low inventory.

Shanghai BASF September TDI listing price 19000 yuan / ton, an increase of 2000 yuan / ton, August settlement price of eastern and northern regions of the implementation of 16500 yuan / ton.

East China TDI market consolidation, domestic goods negotiations refer to 17100-17300 yuan / ton, Shanghai goods to discuss the reference 17500-17800 yuan / ton.

Finance recently, the G20 summit ended, the raw material of toluene overall market continued to decline slightly, showing weak trend adjustment. However, at present, the domestic TDI downstream inquiry was more negative, the overall market weakness, the concept of doctrinal attitude. Is expected in the short term TDI need some recovery time.

In September 12th, part of the domestic TDI market overview:

Yantai Juli 80 thousand tons of TDI plant in August 1st August 10th parking overhaul, repair the end device will resume in the latest sales price of 17500 yuan / ton.

Finally, environmental governance and audit directly lead to soaring market prices of chemical products

Many of the chemicals because of increased environmental governance costs and prices. In recent years, environmental governance and audit led directly to many Chinese chemicals market prices soaring, many chemicals because of increased environmental governance costs and prices, but there are also some manufacturers and dealers to make a fortune. From the soaring of propylene oxide, remarkable.

In short, the national economy, increase the amount of capital can not be unlimited, including chemical companies including. The direction of the development of enterprises not to blindly expand the scale, but the formation of benign competition in the market under the premise to follow. Some domestic chemical “crazy rising trend” is still limited, if only through the “price to stock” is bound to affect the healthy development of the international market, will eventually feed into our own.

This is a perfect interpretation of the market economic theory cannot! First, the market is full of intrigues, the gambling of the interests of the market! In this market we rational competition, be careful!

At present, many Chinese chemical raw material market price has gone up too much. For example: domestic rutile titanium dioxide in the beginning of 9300 yuan / ton, the current has reached 14000 yuan / ton; neopentyl glycol by 6000 yuan / ton rose to 13800 yuan / ton, propylene; market price of about 4000 yuan / ton, and now the price of crude oil rose to $45-50 / barrel interval; butadiene has been from the beginning of 5300 yuan / ton crazy rose to 14000 yuan / ton, the direct result of butadiene butadiene rubber made from the market price touched 18000 yuan / ton, the price is higher than the natural rubber 5000 yuan / ton. Some even doubled, individual species actually rose more than 400% (TDI)!

Furthermore, the capacity of crazy expansion and low-cost competition, foreign counterparts miserable

Just is not to earn money by peer price competition and the expansion of production capacity, with the help of some rare good news will push up the market price to earn more money, the production and utilization of speculative means enterprises and traders will inevitably lead to market prices change radically.

The authoritative person said: “the next 3-5 years to predict certain chemicals market prices, the market not only rise and not fall things up when fierce, or when the same kind of example we seem too horrible to look at, too much.”