According to Reuters on Tuesday (July 18) reported that an oil official said Libya oil production reached 103 million barrels / day, compared with last month production did not change significantly.

Baker Hughes (Baker Hughes) on Friday (July 14) that since July 14, the United States drilling and the addition of two drilling equipment, the current total number of 765 units. The additional equipment model is RIG-OL-USA-BHI. The model has increased by an average of five units over the past four weeks, the slowest number ever since November 2016.

Similarly, US shale oil production is expected to continue for eight months, both in July to increase the production capacity of 112,000 barrels per day to August reached 5.58 million barrels per day.

“The higher oil production in the US, Libya and Nigeria should be adjusted for oil prices at this time,” said Gene McGillian, research manager for crude oil analysis firm Traditional Energy.

According to the US Energy Agency EIA and the International Energy Agency IEA report shows that the July 7 week of US crude oil inventories fell to raise last week’s oil prices, but the industrial oil stocks remain high, leading to rising oil prices were curbed.

Oil consultancy Petromatrix analyst Olivier Jakob commented that today’s market is no movement, it seems to be on the sidelines. Need to re-adjust the oil products, but the adjustment is quite large.

Traders said that since April 24, with the decline in oil demand and inventory levels, the US gasoline crack spread to the highest.

Although OPEC member countries, Russia and non-OPEC oil producers have been working to cut production since January, oil prices have fallen to a much lower position than in 2014 due to rising inventories.

Although OPEC cut to the oil prices must support, but the two exemptions Libya and Nigeria and the United States increased oil production, the market still has a significant impact on oil prices.

Kuwait said on Friday (July 14) that the market is struggling to recover due to rising demand. It is premature to limit production in Libya and Nigeria. OPEC member states will discuss the impact of this decision with non-OPEC producers in Russia on 24 July.

There are signs that oil demand is increasing. Monday (July 17) market data show that China’s refined oil demand for oil in June is the second highest in history. OPEC expressed the hope that the continued demand for oil in the second half of 2017 would reduce excess inventories.

Synthetic rubber has experienced a decline since mid to late February, the end of June early July rebound, but the rebound only to maintain a week or so. According to the business monitoring, butadiene rubber from the beginning of the 11183 yuan / ton up to the middle of the 11510 yuan / ton, or 2.93%; after the weak down to 11,274 yuan / ton; styrene butadiene rubber from the beginning of 11200 yuan / ton up to Mid-month 11828 yuan / ton, or 5.61%, after the weak decline to 11,657 yuan / ton. Overall the July synthetic rubber market showed signs of fatigue.

Lubon Industry Co.,Ltd synthetic rubber analyst Xu Xiaokong that the impact of synthetic rubber July trend of three factors: First, the synthetic rubber after a few months of sharp decline in manufacturers and traders have a rebound in the mentality of demand, so in July petrochemical manufacturers tentative Raise the price of synthetic rubber. According to the business monitoring, in early July in the oil, Sinopec raised butadiene rubber, styrene butadiene rubber price of 400 to 500 yuan / ton, some traders took the opportunity to sharply up with the rise. Second, the early downstream tire manufacturers to cover short positions demand to stimulate the price of synthetic rubber companies will increase prices, but because the market outlook is uncertain, tire manufacturers do not want a lot of procurement, trading more than a single small, the demand for the face of synthetic rubber prices support The intensity of the weak; Finally, a slight reduction in rubber stocks, but the base is still large, unfavorable synthetic rubber prices rose sharply. According to the business community to understand, as of July 10, Qingdao Bonded Zone rubber stocks to 27.08 million tons, compared with June 15 down 8,000 tons, down 2.9%. The combination of these factors makes the July synthetic rubber prices on the weak.

For the latter part of the trend, the synthesis of synthetic rubber analyst Xu Xiaokong that, on the one hand, the current petrochemical manufacturers in the early days of the tentative rise is not successful, in mid-July has been down, according to the news agency monitoring, July 14, Sinopec down the butadiene rubber, SBR ex-factory price of 400 yuan / ton, traders with the fall. On the other hand, 7-8 month is the downstream tire factory starts off-season, rubber demand will remain in the doldrums. On the whole, the current situation is not optimistic about the overall industry chain, July is difficult to appear weak to strong situation, synthetic rubber is expected in late July will continue to decline slightly, the range of 300 to 500 yuan / ton.

As early as 2007, maize deep processing industrial use was opened, leading to the surge in corn prices, due to price increases too fast, in order to ease the contradiction between deep processing industry and feed aquaculture, so the state decided to limit the size of corn deep processing, corn deep processing industry The proportion of total corn consumption in the proportion of control within 26%; and all new and expansion of corn deep processing project, must be approved by the State Council investment authorities. In the same year, “opinions” are as follows:

On September 5, 2007, the National Development and Reform Commission issued the Circular on Printing and Distributing the Guiding Opinions on Promoting the Healthy Development of Maize Deep Processing Industry (Development and Reform Industry [2007] No. 2245) proposed that the corn deep processing project be included in the restricted foreign investment industry directory , During the pilot period temporarily do not allow foreign investment in bio-liquid fuel ethanol production projects and mergers, acquisitions.

After a lapse of ten years, the National Development and Reform Commission issued a document to cancel the corn deep processing, fuel ethanol and other areas of foreign capital restrictions:

June 28, the National Development and Reform Commission and the Ministry of Commerce jointly issued a document, “foreign investment industry guidance catalog (revised in 2017)” has been the CPC Central Committee and State Council agreed to be released, since July 28, 2017 from the implementation.

Corn deep processing, fuel ethanol with ten years to complete the gorgeous reversal, the apparent “directory” after the implementation of the better to attract foreign investment and construction, improve jobs, promote China’s economic growth, on the other hand can also introduce foreign advanced Technology, experience, and promote China’s deep processing of corn and fuel ethanol technology upgrading.

But the pros and cons of any coexistence, foreign capital restrictions are canceled, is the “wolf” or “cake” is still open to question. On the current actual situation, for our ethanol industry, the market did not become larger, but more people involved. Before the policy protection, only the disputes between their own people, but the policy to relax the signal issued after more mature than our foreign-funded enterprises will be introduced, industrial competition will intensify, and the integration between enterprises, the annexation will intensify , Competition is bound to increase.

So later, the existing domestic enterprises are emboldened to meet the open market, in addition to relying on demand side of the support, but also rely on their own industrial technology upgrades and transformation. Foreign capital needs China’s land market, domestic private enterprises also need foreign-funded enterprises of capital and technology, so how to achieve foreign capital and private complement each other, need to run to know.

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.