In the last round of refined oil price adjustment, China’s oil prices because of the change in the range of the bottom line and inverted stranded, forming a “three up three down three stranded” situation, according to China’s refined oil price adjustment rules, the next round of price adjustment The window opens on Thursday (May 24 at 24pm).

However, according to the new financial analysis of the street, said the oil price adjustment, will be a decline in oil prices, and is likely to exceed the previous March 28 China’s largest so far this year, the largest adjustment (down 230 yuan / Ton and 220 yuan / ton).

Since the April 26 domestic oil price adjustment stranded since a series of negative factors collective fermentation, investors continue to increase the shale oil fears continue to be difficult to resolve. At the same time, in the United States after a substantial increase in refinery load, crude oil inventory pressure has not been significantly improved, imbalance between supply and demand situation is still difficult to solve. At the same time, as the cut-down agreement weakened due to deferred time, the US continued to increase production led to lower imports, crude oil pressure down, although the US crude oil in the vicinity of 45 US dollars to obtain some support, but rebound resistance.

Affected by this, on May 2 and 3, respectively, after a record intraday and intraday low, May 4 is a “flash”, once plunged more than 5% intraday, plummeted to five-month low. May 5 Asian international oil prices fell further, down more than 3%. Driven by international oil prices, the domestic oil price adjustment reference crude oil rate of change all the way negative development. As of May 5, Beijing oil prices collapse. According to the relevant agencies to measure crude oil rate of change of -5.95%, the valuation of crude oil 49.851 US dollars / barrel, compared with the benchmark price fell 3.154 US dollars / barrel, immediately converted into the domestic oil price adjustment has been close to 200 yuan per ton.

According to Xinhua (Daqing) International Petroleum Information Center released the report, as of May 5, the national refined oil price index was 664.09, down 0.30%, the national refined oil price index continued downward.

After May 5, the international oil prices continued downward, although in the morning of May 8 with a small rebound, but completely can not restore the overall trend of decadence.

At present, the next time the oil price adjustment window only 3 working days, short-term rebound in oil prices is very difficult, and the international oil prices continue to fall among the new melting street is expected to oil prices is expected to refresh the current year’s largest decline.

Sodium chlorate is an important inorganic chemical product that has a wide range of applications in the world. International sodium chlorate 92% for pulp and drinking water treatment of raw materials: North America sodium chloride 98% for pulp and paper industry, the remaining 2% for the preparation of chlorate, mining and so on. 78% of sodium chlorate in Europe for the paper industry, 7.8% for the manufacture of other chlorate, chlorite, 4.2% for the manufacture of herbicides, the remaining 4% for uranium and other. Japan’s sodium chlorate 73% for the paper industry, 6% for the preparation of oxidants and other chlorates, 5% for herbicides, 16% for the textile and other industries. At present, the world sales of sodium chlorate is about 3 million tons, the manufacturers are mainly concentrated in North America (Canada, the United States) and the Nordic (Scotland, Sweden). North American production is about 1.7 million tons / year, the Nordic production is about 720,000 tons / year, Japan production is about 80,000 tons / year. Canada and the United States production capacity of more than 1.9 million tons / year, Sweden, France, sodium chloride production is also 200,000 tons / year or more. The United States is a large consumption of sodium chlorate, although the continuous expansion of new devices still need to import from Canada, Sweden and other countries to meet the pulp bleaching, drinking water treatment and other needs. In Europe, Sweden, France and other countries, pulp and paper products manufacturers with chlorine dioxide as bleach the rapid development. In Japan, its demand is also rising year after year, is the long-term import of sodium chlorate.

The reason why the use of chlorine dioxide bleach is the reason: First, the need for environmental protection work, the use of traditional methods with chlorine bleached pulp will produce strong carcinogens, but also easy to form with the water humus chlorinated hydrocarbons, and water Phenols form a strange smell of chlorophenols, and water in the formation of ammonia on the fish and human are harmful chloramine, and long-term use of chlorine can cause some of the water resistance of microorganisms, pollution of underground water is not conducive to environmental protection. At present, Europe and North America have legislation to prohibit the use of chlorine bleaching in the paper industry; the second is chlorine dioxide and other bleaching agents compared to its bleaching performance, and its oxidation potential is moderate, can effectively deal with the pigment attached to the fiber And dirt without affecting its fiber strength, and the pulp fabric whiteness from the original chlorine bleaching 75 ° to 85 °. Bleed pulp with chlorine dioxide, the production of paper in the humid air does not extend over time and yellow discoloration, to ensure the quality of paper products, the value is relatively high. Up to now, there has been no alternative to chlorine dioxide in terms of cost and pulp whiteness and strength. Therefore, the use of chlorine bleach pulp in the field of pulp will soon be replaced by chlorine dioxide bleaching.

Sodium chlorate in water treatment is mainly the application of sodium chlorate derived chlorine dioxide. In urban drinking water and sewage treatment, the international community usually use three kinds of disinfection methods, namely liquid chlorine disinfection, chlorine dioxide disinfection and ozone disinfection, China is basically using liquid chlorine disinfection. The use of liquid chlorine disinfection, in the sterilization at the same time, but also bring free chlorine on the various organic matter chlorination, in the water which produce chloroform, dioxin, chlorophenol and other speech carcinogens, endangering human health.

In recent years, the relevant state departments in the investigation of drinking water quality found that drinking water in a variety of different properties of organic matter in more than 300 kinds, of which the most prominent content of chloroform, drinking water in some places the amount of trichloromethane 310 shake g / L. Chlorine dioxide and liquid chlorine disinfection compared to the two disinfection system is very similar, but the chlorine dioxide disinfection does not produce organic matter with water, chloroform, does not produce amine chloride, but can destroy the phenol, sulfide, oxidation And other organic matter; compared with ozone disinfection, chlorine dioxide disinfection less investment, high yield, long residence time in the water, can effectively kill and control a variety of bacteria, but also with the water bromide , Hypochlorite reaction, resulting in harmful substances on the human body. It can be seen that chlorine dioxide is not only a more effective than liquid chlorine fungicide and kill the virus, and its oxidation capacity after ozone (investment is lower than ozone), disinfection process almost no formation of chloroform and volatile Organic chlorine, while the total organic chlorine is also much less than the liquid chlorine, the replacement of liquid chlorine has become inevitable in the times. At present, chlorine dioxide in Europe and the United States has been widely used, and China has just started, many research institutes and water companies have been carried out research, and achieved certain results.

In the first quarter of 2017, the cumulative sales volume of paint in China was 4.261 million tons, and the sales rate was 100.2%, 0.3 percentage points higher than that of the same period of last year.

The following is the first quarter of 2016 to 2017 the first quarter of China’s cumulative sales of paint statistics:

With the rapid development of real estate and other related industries, China’s demand for coatings showed rapid growth, especially in the field of paint, such as “water paint” is showing a hot trend.

According to the prospective industry research institute “China Coatings Industry M & A trend and investment analysis report” shows that in 2016 China’s paint industry over the annual industrial enterprises above designated size reached 18,977,800 tons, an increase of 7.2%; year on year growth rate than 2015 (2015 China’s cumulative production of paint 17,175,700 tons, an increase of 4.2%).

Based on the application of decorative coatings, residential applications will become the fastest growing decorative coating applications, while the application of interior coatings is also subdivided, new coating and recoating two business categories are gradually clear and dominate the different Product market positioning.

Recently, IHS Markit released the latest report on titanium dioxide, the report said that the global titanium dioxide market in 2014 to 2019 will be an average annual growth rate of 3.5%, Asia in China under the leadership of the increase in consumption as the main driving force during the Asian demand An average annual growth rate of 5%.

At the same time, the titanium dioxide market will be further integrated, the increase in M ​​& A activity will further reduce the number of manufacturers, the market price is expected to continue to rise.

As of 2019 the global titanium dioxide market will be an average annual growth rate of 3.5%

Sulfamic acid

The market continues to integrate

US Connaught on February 21 announced that it will be 1.7 billion acquisition of Saudi Custer business, is expected to create one of the world’s largest and most integrated new leading enterprises. The combined company will operate 11 titanium dioxide mills in eight countries around the world with a total capacity of 1.3 million tonnes / year, more than Como divested from DuPont.

Kost is the world’s second largest producer of titanium dioxide, the production capacity of 86 million tons / year, and Teno is the world’s sixth largest producer of titanium dioxide, production capacity of 47 million tons / year. The acquisition is expected to be completed by the first quarter of 2018 and is still subject to regulatory approvals.

IHS Markit analyst Samantha Wietlisbach said that by 2015 to the first half of 2016, the global price of titanium dioxide is weak, the producer profit margins are low, to promote the integration of the industry. “Cost savings are critical in low-margin market environments, and large companies that have integrated into upstream raw material production have more advantage in raw material prices and can take advantage of market competition,” she said. In addition, other factors that promote the integration of the industry include China has become the world’s major producers of titanium dioxide, its supply continues to increase.

Huntsman is currently stripping the titanium dioxide business and will operate it separately with Venator Materials. Venator Materials will include its pigment business and titanium dioxide assets from Lockwood for $ 4 billion in 2013, with capacity of 788,000 tonnes / year, or about 11% of global titanium dioxide production capacity. Completed in the second quarter.

Thiourea

Push prices higher

Jefferies Group analyst Lawrence. Alexander said Tenco’s acquisition of Kost will support the price of titanium dioxide further higher.

Huntsman in the second quarter of 2016 and the third quarter of the continuous price of titanium dioxide prices, prices rose about 300 US dollars / ton, to promote the global price of titanium dioxide in 2016 steady rise. At present the company is promoting the second quarter of this year, the price of titanium dioxide rose.

TZ Minerals International expects the global premium titanium dioxide market price to rise by $ 319 / tonne from June 2016 to the end of 2017. Fitch Ratings also believe that titanium dioxide prices will continue to rise.

Wietlisbach said that from the supply and demand perspective, the global titanium dioxide market will be more balanced, and the terminal market demand is stable, is expected in 2017 and early 2018 titanium dioxide prices will continue to rise. After this wave of price increases, the next few years, titanium dioxide prices may stabilize, but “unlikely” to reach 2011 ~ 2012 hit 3.6 US dollars / kg such a high price.

Magnesium sulphate

Demand to Asia Pacific

Fitch Ratings pointed out that in recent years the titanium dioxide industry suffered a blow to overcapacity, but is currently recovering. Over the past two years, some capacity closures have effectively addressed global oversupply.

Huntsman recently announced plans to close the white-side processing and packaging operations at the titanium dioxide production facility in Calais, France, in the third quarter of 2017 to further optimize its manufacturing network. The company closed the Umbogintwini production facility in South Africa in the fourth quarter of 2016. At the same time, Huntsman’s Finnish titanium dioxide plant in Pori, which has not been fully recovered since the fire on 30 January, is currently producing only a small number of products and is expected to be fully operational by the end of 2018. Pori base titanium dioxide production capacity of 130,000 tons / year, about Huntsman titanium dioxide production capacity of 15%, accounting for about 2% of global demand.

Demand from regional demand has shifted to the Asia-Pacific region due to the tightening of markets in Europe and North America. Asia-Pacific region as the population and disposable income continues to grow, becoming the world’s largest consumer market for titanium dioxide. China has now become the world’s largest consumer of titanium dioxide, accounting for nearly one-third of global demand in 2016. IHS Markit also said in the forecast report, 2014 ~ 2019 China’s titanium dioxide compound annual growth rate of 5.6% in 2019, China’s titanium dioxide consumption will reach 2.85 million tons. In addition, in 2016 China also replaced the United States as the world’s largest exporter of titanium dioxide pigment, but China’s exports of titanium dioxide is usually a lower grade products.

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April 19 melamine commodity index was 67.16, up 0.1 points than yesterday, compared with the highest point in the cycle 100.00 points (2011-09-18) fell 32.84%, compared with February 24, 2015 the lowest point 56.97 points rose 17.89 %. (Note: cycle refers to 2011-09-01 so far)