Previously, because of Saudi Arabia, Iran and Russia and other oil producing countries have agreed to freeze production of crude oil, international oil prices rose sharply, the highest WTI value of 51.02 U.S. dollars / barrel, Brent is the highest value of 51.89 U.S. dollars / barrel.
However, in October 24th Luibi said that Iraq should be exempt from OPEC protocol for limiting the production of crude oil, the country needs funds to fight against Islamic state militants.
Iraq is OPEC important oil producing countries, crude oil reserves ranked fourth in the world, second only to Venezuela, Saudi Arabia and Iran. Luibi said that in September the crude oil production of 4 million 774 thousand barrels per day, is expected to continue to rise in October, Iraq will not to OPEC, nor any person in order to freeze production of crude oil.
25, OPEC Secretary General Barkin said that in the member nations to cut oil production to promote the market balance, this is composed of 14 members of the organization is facing the most serious challenge.

The American Petroleum Institute data released after Russia joined the opposition and freeze production ranks so that international oil prices fell.
The oil experts, after the end of September OPEC unexpectedly reached the first eight years of production cuts, the organization needs to allocate production quotas for each country. Iraq is the fourth country to seek exemption from production, the first three countries such as Iran, Nigeria and Libya. OPEC is trying to convince Russia and other non OPEC oil producers have joined the ranks of production.
Iran and Iraq are OPEC important oil producing countries, if they can not freeze production, even production, OPEC production agreement may freeze abortion.” He said.
According to him, the U.S. shale oil production cost is about $55 a barrel, at present a lot of shale oil enterprises are actively preparing to return at any time, the international crude oil market, by the end of 2014, led by Saudi Arabia OPEC the reason why crude oil price war, it is hoped that the shale oil enterprise bankruptcy, now look at the target of OPEC may have failed.”
He believes that the future of OPEC OPEC and the United States and Russia and other non oil shale companies will likely have a long time process for oil prices, in order to achieve acceptable price in Chengdu.

The global requirements on the trend of environmental protection is a major driving force to promote the development of powder coatings, because manufacturers are looking for ways to reduce VOC, so in some areas to replace the natural liquid coating powder coating.

The content of VOC powder coating is low, easy to remove and sprayed paint Recyclable reuse; construction after the film is basically no pinhole, usually easy construction than liquid coating, coating formed good durability. Environmental protection and technology advantage is the key to replace liquid coating of powder coatings.

Three, the degree of competition in the industry leading enterprises to increase brand force

In February 25, 2010, Guangdong Carpoly chemical research group and South China University of Technology jointly “environmental protection polyurethane curing agent in the production of new technology” passed the technical appraisal organized by China petroleum and Chemical Industry Association, experts “research results of the project has reached the international advanced level.

In May 2010, Bayer MaterialScience recently launched a number of new technologies to create these new technologies using polyurethane, wood coatings and furniture coatings not only more environmentally friendly than conventional nitrocellulose coating, but also to meet the market demand for high performance coatings.

In May 28, 2010, BASF Department recently developed insulation paint additives LumogenBlack and SicopalBlack products, the use of special properties such as pigment, with reflection function in the near infrared wavelength range advantage, in the given object color at the same time, increase the heat insulation function, can be applied to the roof to the container paint and plastic parts.

Four, waterborne wood coatings become the industry development trend

At present, the coatings industry had several future trends:
A living consumption is very low, the painting industry huge market prospect
China per capita furniture consumption level is still relatively low. According to statistics, the U.S. per capita consumption of furniture is $236, the average annual consumption of German furniture for $371, $255 Japanese per capita consumption of furniture in China, about $12, only Europe and other developed countries are less than 5%.
Especially the two or three line of the market share, the vast rural market furniture is lower. Less than 4 hundred million Chinese really buy complete sets of furniture and sit on the sofa, only 3 more than, shows that there are 2/3 people who are not using our modern furniture, the furniture industry for further development of a huge opportunity, also makes the paint industry great prospects.
Two, powder coating or into the market trend

No matter how society changes, quality and service as the two most important factor to consider product consumption, is difficult to change for consumers. Change in consumer attitudes, consumers in the purchase of paint, focusing on the practical value of products of the same concern for its high-quality customer service and service.

The point of consumption, requires producers to improve productivity, enhance the actual market competitiveness, improve the competitive environment in the market in the paint.

Third, pay attention to green consumption

Under the current call for environmental protection upsurge, make people protect the environment at the same time also began more to consider their own safety. Therefore, people begin to pay more attention to environmental protection and safety of paint products. Especially in 80, 90 began to gradually become the main consumer of the moment, the point of consumption has undergone tremendous transfer.

The local police and the national investigation team issued a joint statement on Wednesday which pointed out: “in a thorough investigation of the scene, we found a doubt. Before the accident, someone with a similar circular tool to cut a flammable liquid residual oil pipeline. The residual oil is mainly used for the production of various kinds of solvents and plasticizers.

At present, for it is not clear why people. But there is news that the accident occurred when several workers are using the angle grinder to another pipeline near the maintenance work. What kind of relationship exists between them remains to be further investigated, but this is undoubtedly an important clue.”

Gradually clear goals

The investigation team director Hubert Stroeber said in an interview: “we have now cut off target suspects locked in a pipeline of outsourcing workers, but due to his injuries healed, now still can not accept the question.”

The statement also pointed out that the investigation will focus on the next maintenance work was carried out. BASF will fully cooperate with and support.

BASF Ag (BASF SE):

BASF BASF is abbreviated from the previous name “Badische Anilin-und-Soda-Fabrik” (Baden soda and aniline factory), is a German chemical company, is one of the world’s largest chemical plant. The BASF group has more than 160 wholly-owned subsidiaries or joint ventures in 41 countries in Europe, Asia, North and South america. The company is headquartered in the Rhine River in Ludwigshafen, it is the largest factory base chemical products in the world.

BASF: create Chemistry – the pursuit of sustainable development in the future. The Basf Inc will economic success, social responsibility and environmental protection combination. The business scope includes: product characteristics, chemicals, functional materials and solutions, agricultural solutions, petroleum and natural gas.