Nickel prices in May to June after the full adjustment down, once followed the black line appeared a significant rebound, but because of the current round up with the factors dominate, their lack of more solid conditions, so in the black Up, the external macro conditions have changed, the nickel price rose up significantly down to adjust the show.

Changes in macroeconomic factors have become the main cause of recent resonance

The United States into the rate hike cycle, and to reduce the balance sheet, but the recovery in the euro area, hawks kept under the euro once a significant strength, once the dollar trend appears relatively weak signs, but also boost the bulk of the goods as a whole Of the risk appetite, which became the end of June since the overall strength of the reasons for the goods. With the dollar index gradually stabilized rebound will appear, after the rebound in goods after the profit will also show.

While the domestic capital in June steady over-expected not tense, coupled with greater financial spending, and there are signs of supplementing the inventory also make the overall risk appetite of goods rebounded. However, with the medium-term funds to spend the exam, the market will also find the domestic monetary policy neutral tight overall trend has not changed, so the continued strength of the product will also be limited. The domestic environment is still under the strict financial supervision of financial leverage to dominate the capital side is still not optimistic, continue to form pressure. Although the recent emergence of the overall recovery of the rebound, but the stage of the inventory situation is still difficult to change the overall market rhythm of the weak overall orientation. In the trend of varieties, the supply side of the reform benefit from the relative position in the dominant position, and nickel due to the reasons for the stainless steel in the follow-up position, and because of their own supply and demand direction is still lack of support, so affected by the impact of the surrounding emotional fluctuations When with the rise, fell when the fall, the initiative to support the ups and downs of the factors that have not yet strong performance.

Global demand for nickel supply and demand

World Bureau of Metal Statistics (WBMS) published data show that in 2017 1 to 4 months the global nickel market supply shortage of 35,300 tons, 2016 global nickel market supply shortage of 62,000 tons. 2017 1 to 4 global refined nickel production of 531,600 tons, the demand for 566,800 tons. 1 ~ April mine nickel production was 574,000 tons, compared with the same period in 2016 fell 60,000 tons. China’s smelter / refinery nickel production decreased by 26,000 tons compared with 2016, the apparent demand fell by 107,000 tons over the previous year, due to Russia to reduce nickel imports. Global apparent demand fell 37,000 tons from the previous year. In April 2017, nickel smelter / refinery production was 138,100 tonnes and consumption was 145,900 tonnes.

According to the International Nickel Research Organization (INSG), the global refined nickel supply gap narrowed in April as refined nickel production from Indonesia and China jumped. Global refined nickel production in April rose 2.5% from the previous month to 16,9900 tons, mild demand, slightly down to 173,100 tons, making the market supply gap reached 3,200 tons, lower than the March revised 8200 tons. March refined nickel production significantly down to 165,500 tons, the former value of 173,300 tons. April global nickel mine production rebounded 10.9% to 17,400 tons, mainly due to Indonesia’s production almost doubled. March revised production of 15,300 tons. Indonesian mines increased production in 2017, as new nickel suppliers in the world have introduced new regulations that allow some ore exports to be implemented in 2014 before the ban on ore exports. In the first four months of 2017, the supply of nickel in Indonesia increased nearly doubled to 96,200 tonnes. Indonesia refined nickel production increased nearly twice to 64,000 tons, China’s production rose 12.9% to 196700 tons. From January to April, the global nickel mine production was 637,600 tons, roughly the same as last year. Mine production from the Philippines fell more than one-fifth, due to bad weather and the government to implement the suppression of mining activities. While the output of Botswana was interrupted because a major mine was liquidated at the end of last year. In the first four months of 2017, global refined nickel production rose 5.7% to 667,500 tonnes, and global refined nickel consumption jumped 6.7% to 68,9900 tonnes. 1 to 4 months global refined nickel market gap of 22,400 tons, more than the same period last year 15,300 tons gap scale.

Domestic nickel iron supply in June shrinkage

5 to June part of the time, stainless steel market downturn, low profits, and even part of the conversion of carbon steel, nickel and iron demand caused by a certain degree of impact, production enthusiasm has been reduced, the market demand is weak. Coupled with the domestic environmental wind more tense, low-nickel iron enterprises still maintain a low level, production has declined, but the trend of downstream steel prices pressure, steel procurement will be low, the transaction is more deserted. June nickel iron production showed a significant decline in prices fell after a certain degree of gradually stabilized. Follow-up due to Indonesia Qingshan stainless steel production capacity, its production and production of nickel iron will also be part of the need to meet the demand for stainless steel production in Indonesia, shipped back to the domestic decline in nickel iron content, the latter part of the domestic supply of nickel iron still need to make up domestic production , But will be subject to the domestic stainless steel enterprises will purchase late.

Downstream stainless steel faces inventory pressure

With the June stainless steel mills or due to environmental protection or profits have been reduced, the stainless steel inventory to be more rapid digestion process, coupled with pre-demand side of the library also once boosted the changes in market demand, coupled with the black line up, stainless steel Prices have rebounded, stainless steel production enterprises gradually return to work, coupled with Jiangsu Dulong resumption of production, for raw materials have a certain procurement needs, the formation of the stage of boost. But the current stainless steel consumption in the off-season, the latter part of the overall market demand situation will continue to control the overall stainless steel chain, the recent inventory to have played a rebound in the price of the effect, but the continued height of the expected future demand for counter-control, Stronger further improvement is expected to occur.

Nickel price trend by the macro effects of the material is more significant, the current market negative factors in the early decline after the digestion, but not too strong support for incremental profits, the latter need to see the downstream inventory decline, the production continues to have a more intense Of the raw materials to make up the demand for reinforcement. While the supply side of the lack of profits, the Philippines is the supply of iron ore season is the lack of strong rebound in nickel power, not to mention the pace of global nickel inventory is still to the long-term negative suppression. Within the disk nickel price 1709 weak consolidation pattern continued, 8000 mark the following concussion trend continued.

2017, the global pesticide market after nearly two years of bottoming, showing a significant effect of warm spring, and fungicide market is the development of high speed, ushered in the development of the golden period.

According to the National Bureau of Statistics data, China’s total production of chemical pesticides 1,549,732 tons, down 3.7% year-on-year in China from January to May in 2017. The cumulative yield of herbicides decreased by 13.6% year on year, the cumulative production of pesticides increased by 7.4% year on year, while the total production of fungicides 99,674 tons, up 17.5% year on year, becoming the fastest growing category. Looking at the rapid development of fungicides in recent years, there are three reasons:

First of all, the global perspective, the fungicide industry has shown a strong innovation and rapid development trend. Compared with herbicides and pesticides, fungicide research and development speed is very fast. Data show that nearly 10 years the global development of more than 60 fungicides. With the advent of some large single products, fungicide market constantly upgrading, there have been benzimidazole, triazole, methacrylic acid esters, succinate dehydrogenase inhibitors and other unique, the role of mechanism and resistance Different types of products, rich in the market composition.

Among them, azoxystrobin, pyrazole mushrooms as the representative of the methoxy acrylate fungicide in recent years, the most eye-catching market leader in fungicides. It is predicted that in 2020 global sales of methacrylic acid ester fungicides will reach 4.15 billion US dollars, 2016-2020 compound annual growth rate of up to 3.2%. To pyridinamide, fluoxetine amide as the representative of the succinate dehydrogenase inhibitor, can be called a fungicide market “dark horse”, stamina full. It is expected that sales of such fungicides will reach US $ 1.15 billion in 2019 and 6.2% in 2014-2019.

It is because of the strong innovation capability of research and development, so that the development of fungicides is full of power. Some institutions predict that the future growth rate of fungicides will be faster than other varieties and pesticides in general, fungicide market to catch up or catch up with the larger probability of pesticide market.

Second, in the Chinese market, due to nearly two years of planting structure adjustment, vegetables, fruits and other economic crop acreage increased, especially in the greenhouse planting area increased disease management more difficult, fungicide use changes. In addition, large-scale cultivation of agricultural products to improve the quality requirements, protective treatment of drug use has been widely accepted for farmers. The overall market price of fungicides Qi Sheng, the future of this trend will continue. According to statistics, in 2016, the use of fungicides in China about 80,000 tons (pure, the same below). The agency predicted that by 2025 China’s fungicide use will be doubled to 15.1 million tons. Which vegetables, fruits, rice medication accounted for an important proportion.

In addition, it is worth mentioning that in recent years some new compounds, such as methacrylates pyrazole mushrooms, the patent period just after. The production of these high value-added products and consumption gradually transferred to the country is an irreversible trend. In addition, the “12.5″ since the domestic brand of pesticide brand to promote the increase year by year to Cyanide bacteria as the representative of the domestic products have shown a good promotion effect, which will drive the domestic fungicide industry The overall upgrade.

Overall, 2017, is the average added value of fungicides a higher year, more people predict that this year there will be a number of fungicides market will be a billion single product.

Recently, the French Food and Occupational Health and Occupational Safety and Health Administration (ANSES) in a document that titanium dioxide commonly used in coatings, building materials and other industrial and consumer goods, according to its findings, it is recommended to pass through the possible Carcinogenic substances that cause cancer, this proposal will be formally adopted in writing or after the September meeting. The news exploded in the industry. Titanium dioxide business views. Titanium dioxide in the end is not carcinogenic substances, the human health in the end there is no potential harm? Interviewed a few titanium dioxide industry, they are so to say.

“Titanium dioxide is not a carcinogen and has no effect on human health,” said Fu Yijiang, deputy secretary general of the China Coatings Industry Association ‘s Titanium Dioxide Branch. “This document in France is simply classified as a category that could cause cancer.

“Titanium dioxide production has a history of nearly 100 years, if the cause of cancer, the community should have long been a reaction to the industry agreed that titanium dioxide will not cause cancer, it is a non-toxic and harmless substances that it is inhaled carcinogens, And dust inhalation confused, a little far-fetched. Some things are difficult to prove, such as radiation, who can not tell. Titanium dioxide as a potential carcinogen, if this pass will be far-reaching. Not only the titanium dioxide industry Itself, titanium dioxide downstream industry will be affected, at least labor safety protection, labor disputes and other issues will follow, and even consumption level, but also a significant impact.

“Titanium Dioxide is a non-toxic substance that has worked in the titanium dioxide industry for more than a decade and has not heard of a case of cancer because of titanium dioxide.” If titanium dioxide is a carcinogen, the affect is too great”

Is titanium dioxide safe?

Titanium dioxide is carcinogenic material has no practical evidence. First of all, the whole thing is only a proposal by the French Food Environment and Occupational Health and Safety Council, and it can be further regulated if it can become a statute.

Second, the French Food Environment and Occupational Health and Safety Bureau is only recommended to use titanium dioxide as a class of carcinogens that may cause cancer by inhalation. In the relevant journal documents have shown that there have been relevant institutions in the United States DuPont titanium dioxide production plant 2477 employees in the follow-up survey, the results show that direct contact with titanium dioxide does not significantly increase the workers of lung cancer, chronic respiratory Disease, pleural disease and other related diseases.

In addition, there are a variety of similar findings show that titanium dioxide does not cause exposure to the crowd increased lung cancer incidence. Data from the International Cancer Research Institute also show that there is currently no sufficient evidence to evaluate whether titanium dioxide can cause cancer in humans. Titanium dioxide is widely used but no substitute

Titanium dioxide has been widely used in various areas of life, its role is broad, people have long been inseparable from it.

The apparent consumption of titanium dioxide in China increased from 770,000 tons in 2005 to 2.48 million tons in 2016, corresponding to about 11.2% of GAGR. The output of the same period increased from 700,000 tons to 2.6 million tons, corresponding to about 12.7% of GAGR. Demand growth, and the growing importance of the export market. The following are the same as the ”

In 2016, the paint and coatings industry accounted for 57.4% of the global sales revenue of titanium dioxide industry, in addition to titanium dioxide products are also widely used in plastics, paper, ink and other areas of expertise, these industries are expected to grow in the next few years to actively promote the global Titanium dioxide market development. Titanium dioxide consumption in the second largest area of ​​plastic industry, 2016 income contribution accounted for 23.2%, mainly benefit from the titanium dioxide pigment excellent thermal stability. Titanium dioxide industry’s third largest user in the paper industry, the global sales revenue contribution rate of 10.4%.

According to the latest market research, due to the growing demand in the fields of papermaking, paint and coatings, cosmetics and plastics, it is expected that the global market price of titanium dioxide will reach US $ 27.99 billion by 2024.

In addition, in the pharmaceutical field, the pharmaceutical preparation, titanium dioxide can be used as a white colorant preparation film coating suspension, sugar coating and gelatin capsules, can also be mixed with other colorants used in skin preparations, but also Replacement of starch as an excipient for pharmaceuticals. In the food industry, for the candy coating, cool fruit, jelly, chewing gum, no sweetness-based solid beverage and concentrated solid drinks, milk drinks, puffed food. Candied fruit, jam, salad dressing, mayonnaise and other need to whiten the food, even the birthday cake cream contains titanium dioxide, is the world’s best performance of a white pigment. There are cosmetics, foundation, powder, sunscreen, eye shadow, lipstick, lipstick, toothpaste, talcum powder, prickly heat powder, cream, white soap are added with titanium dioxide. Pink powder only by adding 5% -8% of the titanium dioxide can be a permanent white, so that spices are more creamy, with adhesion, absorption and hiding power.

Also, titanium dioxide is widely used in paper making and printing of banknotes. If titanium dioxide is carcinogenic, how will people face these banknotes?

ECHA’s Risk Assessment Committee (RAC) commented that titanium dioxide was a substance suspected of causing cancer through inhalation, based on existing science and classified by CLP regulations.

The comments will be adopted in writing or after the September meeting. The Risk Assessment Committee classifies the criteria for the potential carcinogenicity of titanium dioxide, strengthens the regulation of labeling and packaging (CLP), and considers the available scientific data. The conclusion is that titanium dioxide is classified as suspicious by inhalation

The committee also concluded that there is insufficient evidence that titanium dioxide is a carcinogenic substance.

Upon adoption, the opinion will be normally reviewed prior to submission to the European Commission for final decision. At the same time, it will be published on the website of the European Chemicals Agency.

Recently, the Indian Fertilizer Department announced that in order to reduce the burden of imported urea subsidies, will try to bag the weight of urea from the current 50 kg to 45 kg.

According to Indian fertilizer officials, the Indian farmers now use the bag as a unit to calculate the amount of urea needed for planting, rather than the weight of the unit to calculate, indicating that the weight of bagged urea is limited to 45 kg can be India’s urea Demand is reduced by 10%.

The officer further noted that the mandatory use of neem coating on urea could increase fertilizer use efficiency and would make 45 kg of urea per bag comparable to the 50 kg of urea used in the previous bag. Neem paint will no longer be used only in the industrial field, but is used in agricultural production of high-subsidized urea.

A 10% reduction in fertilizer consumption is expected to reduce India’s subsidy by 2017 to 2018 by Rs 70 crore at about $ 1.1 billion at current exchange rates.