Author Archives: lubon

October 23 Domestic caustic soda continues to rise

Domestic caustic soda continued to rise, according to the business community Survey data, October 23, the domestic market average price of 1365.56 yuan/ton, a daily increase of 4.69%, up 119.29% last year. October 22, the caustic Soda Commodity index was 187.69, flat with October 21, a record high in the cycle, up 156.16% from the 73.27 point on the March 29, 2015 lows. (Note: Period refers to 2011-09-01 to present)

 

Shandong region quotes continue to rise, 32% ionic membrane alkali mainstream price in 1330-1360 yuan/ton, the increase of 50 yuan/ton on October 22, the actual deal to negotiate mainly, shipping situation is good, expected later prices will continue to maintain a rising trend. South China 32% Ion film 1400 yuan/ton or so. Jiangsu Area 32% Ion film 1300-1350 Yuan/ton. The rest of the country maintained a high level of operation.

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Business community analysts think: the liquid alkali Enterprise installation rate downward obvious, enterprise installation is insufficient, market supply is tight, the market tightening is leading to the continued rise in the price of caustic soda, and downstream paper, alumina and other high demand for caustic soda a favorable support, the price of caustic soda continued to rise.

 

Recently, the price of caustic soda continued to rise, can be used “rally gratifying” said it is not too, and downstream demand is better recently. Comprehensive expected late-stage caustic soda prices or still there is a rise in prices, or around 1300-1400 yuan/ton of consolidation.

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October 23 Ethylene oxide market rose 200-400 yuan/ton

According to business statistics, October 23, the domestic ethylene oxide average price of 10013.64 yuan/ton (including tax), 2.61%.

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Products: Ethylene oxide market in China 200-400 yuan/ton, the Northeast two times up 400 yuan/ton to 10200 yuan/ton, the other areas are raised 200 yuan/ton to 10000 yuan/ton.

 

Industry chain: At present, ethylene oxide market supply is tight situation, some areas of a difficult to find goods. Centralized maintenance of domestic devices, the supply of favorable support for ethylene oxide upstream. Upstream ethylene market is facing the risk of falling back, but ethylene oxide supply is still tight, market mentality positive to good.

 

Forecast: Business community Chemical Division ethylene Oxide Ethane analyst Chen believes that the ethylene oxide market high concussion finishing.

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The price of liquefied natural gas rose sharply in September 25th

I. price trend
In September 25th, domestic liquefied natural gas prices rose sharply. Business community monitoring data show that the liquefied natural gas average price of 3189.23 yuan / ton, up 4.54% in a single day.

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Two, influencing factors analysis
First of all, economic growth is one of the major factors affecting the supply and demand situation of LNG, and the situation of supply and demand continues. Secondly, the environmental pressure, coal gas to stimulate natural gas demand rapid growth, the government, enterprises and society to use clean energy to reach a consensus and to gradually implement all aspects of life and production, environmental protection inspectors continue to intensify efforts, promote the natural gas demand growth.

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In addition, with the increasing demand for natural gas, the emergence of the phenomenon of local supply shortage, natural gas field “winter protection for” battle has begun, the upstream companies are trying to increase the output of natural gas, natural gas imports increase, accelerate the repair and storage of gas injection production facilities, preparing for the arrival of the peak, to meet the natural gas supply demand.
Three, the market outlook
Natural gas analyst at the business community believes that due to environmental pressures, “coal to gas” and “winter insurance for” the implementation of the market demand has increased, and natural gas prices will continue to uplink.

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COMEX September 25 Summary of precious metals

NEW YORK, Sept. 25 (Reuters) – COMEX gold futures climbed on Monday, after North Korea’s foreign ministry, said US President Trump’s recent remarks were equivalent to war on the DPRK.

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New York December gold futures ended higher after the announcement, New York time on September 25 13:30 (Beijing time on September 26 01:30), COMEX December gold futures closed up $ 14.0 or 1.1%, the settlement price $ 1,311.50 an ounce.

Last week, gold recorded the worst weekly performance since early July and has been declining for several weeks after reaching more than a year earlier this month.

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North Korea’s foreign minister, Li Yonghao, said US President Trump’s remarks were clearly a declaration of war against North Korea, and that country retained its power to shoot down US strategic bombers in its airspace.

White House spokesman Sanders said North Korea’s remarks were “ridiculous” and the United States did not declare war on North Korea.

Monday’s remarks sparked a hedge demand for gold and other assets, and gold was favored when geopolitical lack of stability.

“The gold market will remain limited due to the impact of the North Korean situation,” said Jim Wyckoff, senior analyst at Kitco Metals.

Li Yonghao made a speech before the gold slightly, after investors did not care about the weekend issued a warning.

In the German election on the weekend, Prime Minister Merkel won the re-election, but the right-wing political party support rate soared. Meckel led the Conservative Party’s support rate unexpectedly dropped to the lowest since 1949, the disintegration of the coalition government in the Social Democratic Party said it would switch to the opposition camp.

Many analysts have said that the future geopolitical conflict will provide support for gold prices. The recent contradiction between the United States and Iran has also been warming.

This week investors will focus on a series of speeches issued by officials of the Fed, hoping to find clues about the future monetary policy of the central bank.

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Gold prices fell last week, as the Federal Reserve monetary policy meeting said December interest rate is still one of the options, and to maintain next year’s interest rate path is expected to remain unchanged.

At the end of the Federal Reserve’s latest monetary policy meeting, the dollar rose, and gold for dollar-denominated gold would be more expensive for buyers holding other currencies.

“Said the Federal Reserve last week that it was the most hawkist that I had heard over a period of time,” said Bob Haberkorn, senior market strategist at RJO Futures.

In other precious metals markets, the December silver contract closed up 16.3 cents at $ 17.147 an ounce.

October platinum futures closed up $ 8.1, settled at $ 940.2 an ounce.

December palladium futures closed down $ 10.15 at $ 909.70 an ounce.

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