After the May 1, the market began to Powei down, ushered in the crash, only May 4, 5 days two days of commodity futures market ushered in a continuous blow, 4 day the three major futures exchanges in the country a total of 39 varieties of 39 Varieties of the main contract fell, of which all futures contracts on the main contract were down, DCE, Zheng Shang, respectively, only three of their products rose slightly up. Iron ore, natural rubber, hot rolled coil, methanol four varieties to stop to close, rebar futures main contract hit intraday limit, 5 days of iron ore main contract continued to plummet 7%, natural rubber, asphalt fell 5%, the remaining major varieties of decline is also 2-3%. The commodity price index BPI fell 9 points from May 2 to 8.

To crude oil, iron ore, copper as the representative of the main goods to break the previous run range, the international crude oil in late April fell below 50 dollars after May 5 has hit 43 dollars / barrel of the year low, after May Crude oil prices have fallen back to the level of the end of October 2016, iron ore futures prices are basically the same as the level of the end of October 2016, copper futures spot prices are back to the level of the end of December 2016, and iron ore, copper futures are the main Hit a new low this year.

The market in the Powei down after the second week of May to show a new situation, the black line ended the previous crash into the shock, iron ore, copper and coke, coking coal, etc. are in addition to a slight rebound, but hot rolled, Rebar, silicon and manganese, natural rubber and even crude oil is still up and down adjustment, and 10, 11, the market continued to move up the black line, hot rolled, rebar, coking coal fell more than 3%, iron ore Again fell back again.

Prior to the business editor, China Commodity Development Research Center Secretary-General Liu Xin Tian has said that the market in Powei down after two directions, one after the start of the gradual decline in the gradual decline; First, the market suffered heavy losses after the sharp decline Into the “swing”, that is, the market is in the upper and lower shocks, from the performance of the market this week to see, as previously predicted by Liu Xin Tian, ​​”swing effect” began to force the market into the upper and lower adjustments in the shock.

Liu Xin Tian pointed out that from the big cycle point of view, the bull atmosphere has not yet been broken, the temporary Powei down is only a wave of bull market Quotes Quotes, the market is only temporarily into the rest period.

How to determine the bottom of the market callback to the bottom of the commodity market to three major indicators of crude oil, iron ore, copper, for example, to the bottom of the recent 2016 mid-November 43 US dollars for reference, crude oil has now fallen back to 45 dollars / Barrel up and down, from the bottom of the $ 43 close, 45 dollars to become a strong support for crude oil; iron ore futures at the bottom of two reference values, one is in mid-2016 in mid-November 430 yuan / ton, one is 2016 10 400 yuan / ton in the middle of the current iron ore tonnage at 470 yuan, 430 yuan will be iron ore support level; and Shanghai copper since the beginning of November 2016 opening gains until the end of 2017 by the end of February 30%, from the beginning of March, the rate of copper callback, but 5%, Shanghai copper there is a great callback space, 40,000 yuan / ton will be the wave of copper callback of a bottom, that is, back to the level of early November 2016.

Liu Xintian also stressed that the commodity market will continue to shock in the short term, but the frequency and magnitude of the shock will gradually decline, after the adjustment of the market will return to the bull market.

According to the Wall Street Journal, the US and China have reached a broad agreement to make it easier for US gas exporters and other industry producers to enter the Chinese market. The two governments will issue a joint diplomatic bulletin this month, which will aim to increase trade between the two countries and achieve trade rebalancing.

The announcement will also include some areas where China and the United States want to promote US trade with China, including the supply of liquid natural gas and agriculture. But the specific details have not yet been revealed.

The United States is one of the world’s five largest gas suppliers, with 300 trillion cubic feet of proven natural gas reserves, but the country’s natural gas export industry is still in its infancy, with only Houston energy company Cheniere Energy filling liquid gas for about a year time. US companies have been seeking better access to China, including their financial and agricultural markets.

April 6, 2017, Xi Jinping and Trump in the United States Florida sea lake manor meeting. According to Xinhua News Agency reported that the two sides reached a number of areas of cooperation intention. The two sides expressed their willingness to strengthen exchanges between the two armed forces, deepen the cooperation in law enforcement, cybersecurity, pursuing stolen goods, illegal immigration and health.

The two heads of state also talked about trade friction, the two sides agreed to deepen pragmatic cooperation in the field of trade and investment, while properly dealing with economic and trade friction in order to achieve mutually beneficial results. In addition, the two sides agreed to the Sino-US trade balance to start a 100-day strategic survey.

Water-based coatings include water-soluble coatings, water-based paints, and water-dispersible coatings (latex paints). Water-based paint for pollution-free products, in the production process without waste residue, waste gas, waste water emissions, there is no environmental pollution. In the use of non-toxic and tasteless, benzene-free material, heavy metal content is much lower than the national environmental limit standards, no harm to the human body, is to protect the ecological environment of a new generation of green products. With the increasing emphasis on environmental protection, water-based paint is certainly promising.

Research firm Zion Market Research released a new study shows that the global water-based paint market in 2015 to 58.39 billion US dollars, to 2021 is expected to reach 78.24 billion US dollars, the compound annual growth rate of 5%.

Although there are some limitations in the performance of water-based coatings, the development momentum is strong due to strict regulatory regulation and people’s awareness of the environmental hazards of solvent-borne coatings, and applied to many downstream industries, including construction, shipbuilding, wood Manufacturing, automotive and so on.

As a water-based paint with the water-based paint color paste in the market has matured, with a variety of special application requirements of the special water-based paint paste is also being successfully developed and listed to support the development of water-based paint demand.

Attention to the development of water-based paint technology in the field of rapid development, will be ambitious.

Water-based paint in the wet surface and wet environment can be directly applied to the construction, strong adhesion; water-based paint, water-based paint, water-based paint can be used as a medium of paint, water-based paint can greatly eliminate the risk of fire during construction and reduce the pollution of the atmosphere; Can be directly washed with water to reduce the loss of cleaning solvents and land pollution; water-based paint has the highest corrosion resistance and salt spray resistance of the electrophoretic coating, has a very good protection.

Especially today’s government policy on the cause of environmental protection guide; environmental philosophy is also more and more consumers are recognized and recognized; enterprises found that the cause of environmental protection to the new market, and actively transition to upgrade. Today’s water-based products accounted for the proportion of the market increased year by year, or even the trend of speed. I believe the future of water-based paint will be ambitious.

In addition to releasing the cut signal, Saudi Arabia may also take practical action to further support oil prices.

In June this year, Saudi Aramco sold to Asia, crude oil will be reduced by about 700 million barrels, of which the supply of Southeast Asia, China and South Korea will be reduced by 100 million barrels, to India and the United States and India, Japan’s reduced supply will be slightly higher than 300 million barrels and slightly less than 100 million barrels.

Reuters reported that even if the OPEC has been discussed in the cut-off agreement extended to the possibility of this year, the above measures to reduce exports is not necessarily representative of Saudi Arabia plans to increase production scale in the second half of this year.

Wall Street has learned that more and more signs that OPEC will decide to extend the cut agreement at this month’s meeting. On Thursday, OPEC representatives said OPEC and non-OPEC producers could extend the cut-off agreement to June this year, but the size of the cut is unlikely to expand. On Monday, Saudi Energy Minister Khalid Al-Falih said it would “take all possible means” to end the excess supply of crude oil. OPEC’s cut-off agreement may continue into the second half, or even to 2018. However, the media said, OPEC on behalf of the internal and no further reduction of production to reach an agreement. The market has not only lost patience with OPEC cuts, but has also ignored Philly’s remarks. On Thursday, oil prices fell 5 percent to a five-month low, and this Friday’s speech was slightly boosting crude oil prices; however, after China’s crude oil imports were released, WTI crude fell below $ 46.0 a barrel.

On Tuesday, international oil prices fell, cloth oil fell about 0.4% drop 50 US dollars / barrel, US oil fell more than 0.2%, 47 US dollars / barrel below.

Last year in December, OPEC and Russia and other non-OPEC oil-producing countries reached a six-month joint reduction agreement, the agreed average annual reduction of about 180 million barrels. Saudi Arabia’s commitment to reduce production accounts for about 40% of OPEC commitment to cut production, the current average daily reduction of more than 50 million barrels, the average daily production of less than 10 million barrels.

Last month, Reuters news sources said the increase in domestic demand this summer will make Saudi Arabia under pressure, in compliance with the cut agreement, it is difficult to maintain about 10 million barrels of daily output.

Wall Street knowledge mentioned earlier, OPEC market share has been eroded by the United States, thus reducing the OPEC further reduction of the will. Now OPEC into a dilemma: cut the final result of oil prices rise, but the benefit is a competitor.

Recently, China National Petroleum Corporation (CNPC) released information, said the Sino-Myanmar oil pipeline has officially started to transport crude oil.

Sino-Myanmar oil pipeline delivery of crude oil, will be sent to China’s mainland provinces in Yunnan Province, the new oil refinery, the oil refinery every day can be 260,000 barrels of crude oil refining.

CNPC released the information that the Sino-Myanmar pipeline in Myanmar is 480 miles (771 kilometers), the route of the state of the city of Myanmar, Maguire, Mandalay and Shan, the length of the pipeline in Myanmar only three One by one.

The end of the oil pipeline for Kunming, Yunnan, China, and natural gas will continue south to reach Nanning, Guangxi, in the long-term planning, the oil pipeline will be extended to the north of Chongqing, China. Pipeline from May 2 to 1150 cubic kilometers per hour speed of delivery of crude oil.

It is reported that for the official opening of the Sino-Myanmar oil pipeline, last month, carrying 140,000 tons of crude oil tanker, has arrived in Joche Jiaojiao town of Madai port, and unloaded the delivery of crude oil.

Sino-Myanmar oil pipeline is opened, China’s purchase of oil will no longer need to bypass the Malacca Strait, can be directly docked Jiaojiao town of Ma De Island, through the pipeline directly to crude oil into China.