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)

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