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

December 28th – the Money Morning website estimated 2017 silver prices rose, the main reason is the four major reasons are based on higher inflation, India strong demand, strong demand for industrial producers to reduce the price of silver fell on the hedge.
In addition to above reasons bullish silver prices, market experts believe that gold and silver prices are often linked to the same, but compared with gold, silver is still in the oversold zone, in the long run, there is a greater upside rebound.
In addition, the market’s expectations for global economic growth, but also help to support such industrial metals such as silver.

India gold jewelry Association Secretary General Surendra Mehta said earlier in India rural areas affected by drought, so that silver purchasing power greatly reduced, but plenty of rain this year, once the market cash flow increases, can be expected to increase the demand for silver in rural areas of India.

Mehta even optimistic estimates, silver prices rose 16% this year, next year will rise 15-20%.

Intelligent manufacturing equipment focus on the development of CNC machine tools, increasing material manufacturing (3D printing), industrial robots, intelligent instrument, sensor, servo motor and other high-end intelligent equipment, capture control system, speed reducer, servo motor and other key technologies, accelerate the NC machine tools, industrial robots and digital, networked and intelligent technology application.

The automotive industry, automotive breakthrough low-carbon, informatization and intellectualization of the core technology, excellent automobile, do fine automobile parts, building from the vehicle to the engine, brake system, wheel assembly and other accessories of the advantages of the industrial chain, to build the country’s independent brand automobile important R & D and manufacturing base.

A new generation of information technology to the electronic information industry in 2020 the main business revenue reached 300 billion yuan

To develop a new generation of information technology industry to focus on big data, with reasonable layout, dislocation development, deepening the application as the main direction of the development of large data industry, construction of Comprehensive Experimental Zone of Beijing Tianjin Hebei national data, one hundred billion to build large data industry clusters, accelerate the development of integrated circuit, cultivate new display, communication and semiconductor navigation industry, to create hundreds of billions of new industrial clusters, to 2020, the electronic information industry’s main business revenue reached 300 billion yuan.

To promote the development of large data industry aggregation, focus on fostering the growth of the 5 big data industry base. Zhang north industrial base data, build cloud storage base, the Beijing Tianjin Hebei national green data center demonstration base, national disaster recovery data center in Hebei Province, the main data center; Langfang electronic information (big data base), business demand docking services in Beijing national institutions, financial institutions, insurance and other large Internet companies, the construction of “double live city the cloud service center”, the Beijing Tianjin Hebei, the national radiation data exchange base; Chengde big data industry base, build the independent innovation of large data industry base, data backup base, build Tianjin tourism industry large data center and comprehensive application demonstration area; Qinhuangdao industrial base data, build the big health industry data center, big data industry the maximum cluster size China, with great health industry characteristics; Shijiazhuang big data industry park, focusing on the development of finance, health, education and cross-border e-commerce, smart city construction and other high value-added industries.

To accelerate the construction of big data platform. Around the big data innovation, trading, financing and application, focusing on creating big data innovation, big data transactions, financial services, open data, big data and cloud of Beijing Tianjin Hebei collaborative application support platform six.

The development of large data core formats. Strengthen data cleaning, desensitization, modeling and analysis of the introduction and cultivation of data mining and analysis of large areas of the enterprise, the development of large data industry. The introduction of a number of data security, information security and cloud platform security enterprises, the development of large data security industry. The development of data mining, data visualization, unstructured data processing software products, deepen strategic cooperation with domestic and foreign well-known Internet companies.

Shandong Mingshui great 27.5% hydrogen peroxide factory price 620 yuan / ton, Nissan more than and 200 tons, to go smoothly, the real single detail, less inventory.

Nantong Runfeng Chemical Co. Ltd. 27.5% hydrogen peroxide sales price 900 yuan / ton, 35% hydrogen peroxide sales price 1150 yuan / ton, the firm can be consulted.

Anhui energy chemical 27.5% hydrogen peroxide price 680-690 yuan / ton, 35% hydrogen peroxide price 1040-1060 yuan / ton, 50% hydrogen peroxide price 1530-1560 yuan / ton, Nissan more than and 600 tons, still take the goods, basically no inventory, real simple enquiry.

Market summary: affected by environmental protection, transport policy, downstream chemical synthesis procurement market demand gradually reduced, most areas take the goods, inventory pressure increasing, prices continue to decline. Although the boost transportation cost and environmental factors, but the market downturn may remain in the short term, the overall price decline (mainly hydrogen peroxide vulnerable regions have difference), long-term market still need to wait and see.

At present, most parts of the country due to the early demand caused by the rise of methanol has been completed, some areas have begun callback. But the East China market at full speed up.

In the view of futures daily increase in neither the actual demand, and the peripheral arbitrage all open cases, because methanol paper market exists, provides convenience for duanchao.

But with the Bikong intensifies, market has become a gambler’s playground. The lack of supervision of the paper market, the cost of default is low, there is a lever.

Once the market has formed a large area of gambling speculation, the price will be completely out of control due to supply and demand. Methanol first appeared on the price, the international crude oil was $100 a barrel.

Outlook: narrowing the gap between supply and demand, to sustain the mad cow

The chemicals in the future, Zhao Chen believes that price rises may have reached the limit, the gap between supply and demand is not sustainable. With the prices, the supply side there will be more companies to resume production. In the off-season, the resumption of production is likely to focus on after the spring festival.

The first half of next year will gradually narrow the gap between supply and demand, but disappeared before the price rise will continue, the cycle did not finish, but the rally cap is the balance of supply and demand the highest cost marginal capacity cost line.

In the next two years to improve profit is used more than loan expansion, so the economy will have a cost advantage is stable, the leading enterprises can share and profitability remained at a high level in the city.

The biggest impact variable price next year will be the trend of changes of coal and oil prices.

GF Securities Guo Lei in the informative summit that the commodity market is still very effective, this part of the price on the strength of pulse along the entire economic recovery strictly go.

If the whole economic recovery pulse strength than the 9 this year, October is stronger, commodity prices have reason to create a new high. Suggestions from this part before the period of products, gradually backward transfer cycle.

Industry: domestic sulphuric acid market this week is relatively stable. The main area of Anhui smelter acid to price in the 180-280 yuan / ton, sulfuric acid mainstream negotiate prices in 320-400 yuan / ton, stable market demand in the region, take the goods manufacturers overall stable; Hebei, Shandong area of sulfuric acid market steady light, device manufacturers will resume production, smelting acid mainstream discussion prices in the region in the 220-280 yuan / tons of sulfuric acid, quoted in the mainstream 300-360 yuan / ton, sulfuric acid downstream demand, manufacturers go smoothly. Northwest sulfate market continued weak consolidation trend, lower purchasing demand, manufacturers to consume inventory based.

Market forecast

At present, sulfate, adequate market supply, market demand and overall performance in general, downstream manufacturers generally buy fertilizer, is expected next week the market continued steady light market domestic sulfuric acid, acid value fluctuation.

In October 25, 2016, the United States expressed concern about the new export subsidies for India textile and apparel at the meeting of the WTO subsidy and balance measures, and claimed that the subsidy plan made India a step backwards in compliance with the agreement. In accordance with the provisions of article 27.4 of the WTO subsidy and balance measures (SCM), India has 8 years

to gradually eliminate its subsidies to the textile and garment sector. Sources pointed out that the U.S. trade officials said that in 2007 the export competitiveness of India has reached the threshold, should be abolished in 2015 subsidies, and now the transition period has ended, the subsidy issue has lost patience. A senior India trade official said India will refute U.S. claims, said that due to some domestic textile and apparel sector need to support subsidies. India government to blanket, handicrafts and other textiles to include loan interest, the export of specific markets, such as non import tariffs and other subsidies.

A senior trade officials of the India Ministry of Commerce and industry pointed out that the India WTO meeting rejected the U.S. claim, India reached export competitiveness in 2010 than in 2007. The India authorities have said that most of the export subsidies to the textile and garment sector have been lifted, and that they will be abolished by 2018. The Department provides 45 million jobs and accounts for 14% of the total exports of the country.

India will carry out bilateral consultation and the United States, that support and some parts of the government to hire a large number of personnel of textiles and clothing industry. According to the provisions of article 27.6 of the SCM agreement, if the development of China members (per capita annual income of less than $1000) to export a product for 2 consecutive years has accounted for the products in more than 3.25% of world trade in, the products that have export competitiveness. In accordance with Article 27.4 of the agreement, in 8 years, in a gradual manner, and gradually eliminated its export subsidies.