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)

This week, domestic hydrogen peroxide overall price changes, including Hebei, Shandong area increase slightly.

In February 16th, 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. The stable operation of the device in Hunan Huaihua Shuangyang forest hydrogen peroxide, daily output of 420 tons, 27.5% hydrogen peroxide offer 950 yuan / ton, 50% hydrogen peroxide offer 1800 yuan / ton, a small amount of inventory, the recent price stability in Hunan area. Guangdong East Sunshine 27.5% hydrogen peroxide offer 1000 yuan / ton, stable operation of the device, put into production 120 thousand tons of new equipment plan in mid February. Leshan Fuxi 27.5% hydrogen peroxide price 900-950 yuan / ton, stable operation of the device, hydrogen peroxide production stable, solid single dwell.

As of press time, Hebei area 27.5% hydrogen peroxide quoted in the mainstream 640-650 yuan / ton; Shandong quoted in the mainstream 520-620 yuan / ton; Zhejiang area offer strong at around 950 yuan / ton; high in Guangdong and Guangxi in 950-1000 yuan / ton. Hebei, Shandong area this week, up 20-40 yuan / ton, the current inventory to low, low price hike. Stable supply and demand in other areas, prices remained stable (above price refers to the domestic mainstream companies offer prices, some enterprises not reported not within its scope, the price is only for reference, and the final price is independent of the manufacturers, please contact the manufacturers advisory).

after the Spring Festival, the domestic demand slow recovery, mainland methanol prices decline, while port prices rising again, external disk differences increase. As of yesterday, the east port of methanol prices in 3200 – 3300 yuan / ton, the price of methanol in Northwest 2230 – 2250 yuan / ton, price continues to rise, in 970 – 1050 yuan / ton.

Downstream of the slow recovery of light spot transactions

After the Spring Festival, the lower than expected recovery, Shandong Nanyang 300 thousand tons / year, Shandong MiTAC coal Hengtong chemical 330 thousand tons / year of two sets of olefin plant maintenance exacerbated the contradiction between supply and demand of the mainland. In addition, the downstream demand in northern Shandong and Hebei picked up speed is relatively slow.

On the freight, before the Spring Festival, northwest to Shandong freight rose to 450 yuan / ton. As of yesterday, has dropped to 350 yuan / ton. The freight decline is also reflected from the side light trading market. At present, the downstream demand pick-up, traders shipping is generally poor.

Before the Spring Festival, methanol production capacity more than 4 million tons / year to restart the northwest. In this process, the downstream demand has not improved. Some manufacturers of inventory can not be effectively released, is the main reason for the weak price of methanol in Northwest china. Count the freight profits, northwest methanol prices actually fell 150 yuan / ton.

The domestic market, in addition to Henan, Hunan, Hubei and other smaller market demand returns to normal, the rest of the market is the actual consumption of methanol is less than expected. Two sets of MTO plant of Zhejiang Xing Xing 600 thousand tons and 800 thousand tons / year of Jiangsu sailboat is still in a state of repair, so that the coastal port of methanol compared to before the Spring Festival inventory increased 130 thousand tons to 750 thousand tons.

The supply is not stable, the international market prices

During the Spring Festival, because of the Rhine river resulted in lower transport disruption, the European market of methanol reduced supply, prices sharply higher, and thus promote the American market prices, the main port of CFR is China prices before the Spring Festival to raise $18 / ton, to 360 U.S. dollars / ton. At present, although the downstream demand recovery is expected, but did not stop the import port, part about normal goods arrived, imported methanol cost has been close to RMB 3100 yuan / ton, which is the main reason for rising prices is the port of methanol, methanol futures overall stronger main reason.

Recently, the Middle East region turns the device maintenance, domestic and foreign are glued to MTO plant operation expected demand for methanol, offer high.

The differences i

ncrease, domestic imports may decline

As a typical coal industry excess capacity, after 2002-2012 years after the golden period of ten years, 2013-2015 years, accompanied by the macroeconomic downturn, shrinking downstream demand and overcapacity, coal prices appear cliff downwards, industry loss continues to expand. At the end of 2015, coal prices dropped to the lowest level in history, for 371 yuan / ton, the average price decline of nearly 30% in 2015.

In 2016 to promote the yield limit of capacity to policy, coal prices rise rapidly in the low base. At the end of December 2016, Bohai thermal coal price of 593 yuan / ton, an increase of 59.4%, although the increase is large, but the absolute price level is not high, and at the end of 2013. “Since the middle of 12th Five-Year”, steel prices continued to decline, by the end of 2015, Lange steel comprehensive price of 2120 yuan / ton, fell to historic lows. In 2016 to the production capacity and demand growth, steel prices rebounded, the end of December 2016 3720 yuan / ton, while steel prices in 2016 rose significantly, but the absolute price level is not high, this high rate is based on the 2015 low base on the price level and the current is 2014.

“Since the middle of 12th Five-Year”, steel prices continued to fall. At the end of 2015, Lange steel comprehensive price of 2120 yuan / ton, fell to historic lows. In 2016 to the production capacity and demand growth, steel prices rebound. At the end of December 2016 3720 yuan / ton. Although steel prices in 2016 rose significantly, but the absolute price level is not high, this high rate is based on the 2015 low base on the price level and the current is 2014.

Therefore, to sum up, the early coal and steel prices generally low, the coal and steel price rise is based on the low price on the basis of the recovery has obvious characteristics, the absolute level of prices is relatively moderate.

4 policy capacity to change the pattern of supply and demand is expected to increase the price

After the measures introduced in the administrative capacity to resume production, slow down and the policy is expected to intensify the supply side contraction. Since the start of 2016 led by the government administrative capacity to act, the actual capacity to achieve the targets of substantial impact on steel production is not large, the impact is mainly reflected in the expected or producers and investors. The market capacity to think has intensified, may supply will decrease, the price may rise.

At present, the domestic enterprise unit overall operating rate is stable, during the Spring Festival manufacturers enterprises have started the normal parking, the market supply is relatively abundant.

The normal operation of the January 23rd Wuxi Baichuan chemical butyl acetate 350 thousand tons / year plant, Nissan more than 200 tons, East China area price 6200 yuan / ton of cash from Southern China area, 6750 yuan / ton of cash since, in the actual negotiations, can take the goods inventory, general.

The normal operation of butyl acetate device in February 10th Shandong Yankuang Cathay 100 thousand tons / year, Nissan 500 tons, this factory price stability, the implementation of 5950 yuan / ton, normal shipment. Dongying Yi Sheng operation device of butyl acetate 100 thousand tons / year, Nissan 200 tons, the ex factory price stability, the implementation of 6000 yuan / ton acceptance factory, to discuss the single, not much inventory.

The n-butyl acetate industry operating rate is stable, the fundamentals in general, and the recent downstream market demand is relatively insufficient, parking terminal enterprises in Southern China, the market traded deserted, short-term market as a whole pile up in excess of requirement.

The domestic market focus week butyl acetate go up, but the market turnover in the doldrums, with strong butanol is higher, the cost of promoting, butyl does not exclude the potential to continue to move up.