PetroChina has signed a number of oil and gas cooperation agreements, involving pipeline transportation, natural gas purchase and sale, gas storage construction, natural gas chemical industry, natural gas power generation and other fields, are related to natural gas business. Analysts pointed out that PetroChina through international cooperation, and actively participate in natural gas upstream and downstream development.

Sign a number of cooperation agreements

PetroChina signed a cooperation agreement covering the Memorandum of Understanding on Investment and Financing Cooperation from Natural Gas Supply, Transportation and Demand, including the Azerbaijan Natural Gas Chemical Project, and the Memorandum of Understanding on the cooperation of the Uzbek Gazley Gas Storage.

Zhuo record information natural gas industry analyst Feng Haicheng told the China Securities Journal reporter, PetroChina signed a series of agreements, both through the purchase and sale contracts and gas storage construction, to ease the domestic gas production and peak shaving capacity of the situation, to protect the energy supply At the same time, through the natural gas chemical industry, natural gas power generation projects such as construction, stimulate the natural gas market demand, promote the extension of the field of natural gas downstream.

Industry insiders said that the oil overweight natural gas industry layout, is conducive to finding new growth points. According to earnings, 2016 oil net profit fell 78.88% year on year. As the oil upstream assets accounted for a larger, its fluctuations in oil prices is more obvious. In this context, PetroChina continues to overweight the gas business.

Natural gas plate performance is better

From the current situation, in the “three oil companies,” the business composition, the natural gas plate are relatively good performance.

Since 2015, international crude oil prices continue to remain low. Relatively speaking, PetroChina, CNOOC upstream oil and gas business accounted for a high proportion of the impact is relatively greater.

According to the annual report data, 2016 in the oil, CNOOC net profit fell more than Qi Cheng; and Sinopec upstream business accounted for a small, relying on the downstream oil refining plate, refined oil sales and chemical sector, net profit rose 44%.

From the natural gas sector, CNOOC’s sales fell 26%, PetroChina and Sinopec sales were up 16% and 3%. Affected by a variety of factors, “three barrels of oil” natural gas sales fell more than 10% overall.

Nevertheless, the performance of the natural gas sector is relatively better. Feng Haicheng said that natural gas is a strong policy to support the clean energy, the development of natural gas business can partially avoid the risk of oil prices caused by the downturn.

In 2017, PetroChina will focus on the construction of Shaanxi-Beijing four-line, the Sino-Russian natural gas pipeline and natural gas regional and sales terminals and other projects; Sinopec will invest Fuling shale gas field project (capacity 10 billion Cubic meter / year), Tianjin liquefied natural gas project (a design removal scale 3 million tons / year); CNOOC will continue to develop the natural gas market, strengthen the natural gas field exploration and development activities.

International oil prices on May 12 within a narrow range, closing up slightly. By the US commercial crude oil inventories fell sharply boosted last week, the international oil prices in the past two trading days rebounded more than 4%. 12, due to market concerns about US crude oil production continued to increase, the international oil prices rose weak.

According to the Xinhua News Agency reported on May 13, US oilfield technology services company Baker Hughes released the same day data show that this week the US operating oil field drilling for 17 consecutive weeks rose, indicating that the US shale oil manufacturers continued to increase production.

As of the close of the 12th, the New York Mercantile Exchange in June delivery of light crude oil futures rose $ 0.01 to close at $ 47.84 a barrel, or less than 0.01%. July delivery of London Brent crude oil futures rose $ 0.07 to close at $ 50.84 a barrel, or 0.1%

After the May 1, the market began to Powei down, ushered in the crash, only May 4, 5 days two days of commodity futures market ushered in a continuous blow, 4 day the three major futures exchanges in the country a total of 39 varieties of 39 Varieties of the main contract fell, of which all futures contracts on the main contract were down, DCE, Zheng Shang, respectively, only three of their products rose slightly up. Iron ore, natural rubber, hot rolled coil, methanol four varieties to stop to close, rebar futures main contract hit intraday limit, 5 days of iron ore main contract continued to plummet 7%, natural rubber, asphalt fell 5%, the remaining major varieties of decline is also 2-3%. The commodity price index BPI fell 9 points from May 2 to 8.

To crude oil, iron ore, copper as the representative of the main goods to break the previous run range, the international crude oil in late April fell below 50 dollars after May 5 has hit 43 dollars / barrel of the year low, after May Crude oil prices have fallen back to the level of the end of October 2016, iron ore futures prices are basically the same as the level of the end of October 2016, copper futures spot prices are back to the level of the end of December 2016, and iron ore, copper futures are the main Hit a new low this year.

The market in the Powei down after the second week of May to show a new situation, the black line ended the previous crash into the shock, iron ore, copper and coke, coking coal, etc. are in addition to a slight rebound, but hot rolled, Rebar, silicon and manganese, natural rubber and even crude oil is still up and down adjustment, and 10, 11, the market continued to move up the black line, hot rolled, rebar, coking coal fell more than 3%, iron ore Again fell back again.

Prior to the business editor, China Commodity Development Research Center Secretary-General Liu Xin Tian has said that the market in Powei down after two directions, one after the start of the gradual decline in the gradual decline; First, the market suffered heavy losses after the sharp decline Into the “swing”, that is, the market is in the upper and lower shocks, from the performance of the market this week to see, as previously predicted by Liu Xin Tian, ​​”swing effect” began to force the market into the upper and lower adjustments in the shock.

Liu Xin Tian pointed out that from the big cycle point of view, the bull atmosphere has not yet been broken, the temporary Powei down is only a wave of bull market Quotes Quotes, the market is only temporarily into the rest period.

How to determine the bottom of the market callback to the bottom of the commodity market to three major indicators of crude oil, iron ore, copper, for example, to the bottom of the recent 2016 mid-November 43 US dollars for reference, crude oil has now fallen back to 45 dollars / Barrel up and down, from the bottom of the $ 43 close, 45 dollars to become a strong support for crude oil; iron ore futures at the bottom of two reference values, one is in mid-2016 in mid-November 430 yuan / ton, one is 2016 10 400 yuan / ton in the middle of the current iron ore tonnage at 470 yuan, 430 yuan will be iron ore support level; and Shanghai copper since the beginning of November 2016 opening gains until the end of 2017 by the end of February 30%, from the beginning of March, the rate of copper callback, but 5%, Shanghai copper there is a great callback space, 40,000 yuan / ton will be the wave of copper callback of a bottom, that is, back to the level of early November 2016.

Liu Xintian also stressed that the commodity market will continue to shock in the short term, but the frequency and magnitude of the shock will gradually decline, after the adjustment of the market will return to the bull market.

According to the Wall Street Journal, the US and China have reached a broad agreement to make it easier for US gas exporters and other industry producers to enter the Chinese market. The two governments will issue a joint diplomatic bulletin this month, which will aim to increase trade between the two countries and achieve trade rebalancing.

The announcement will also include some areas where China and the United States want to promote US trade with China, including the supply of liquid natural gas and agriculture. But the specific details have not yet been revealed.

The United States is one of the world’s five largest gas suppliers, with 300 trillion cubic feet of proven natural gas reserves, but the country’s natural gas export industry is still in its infancy, with only Houston energy company Cheniere Energy filling liquid gas for about a year time. US companies have been seeking better access to China, including their financial and agricultural markets.

April 6, 2017, Xi Jinping and Trump in the United States Florida sea lake manor meeting. According to Xinhua News Agency reported that the two sides reached a number of areas of cooperation intention. The two sides expressed their willingness to strengthen exchanges between the two armed forces, deepen the cooperation in law enforcement, cybersecurity, pursuing stolen goods, illegal immigration and health.

The two heads of state also talked about trade friction, the two sides agreed to deepen pragmatic cooperation in the field of trade and investment, while properly dealing with economic and trade friction in order to achieve mutually beneficial results. In addition, the two sides agreed to the Sino-US trade balance to start a 100-day strategic survey.

Water-based coatings include water-soluble coatings, water-based paints, and water-dispersible coatings (latex paints). Water-based paint for pollution-free products, in the production process without waste residue, waste gas, waste water emissions, there is no environmental pollution. In the use of non-toxic and tasteless, benzene-free material, heavy metal content is much lower than the national environmental limit standards, no harm to the human body, is to protect the ecological environment of a new generation of green products. With the increasing emphasis on environmental protection, water-based paint is certainly promising.

Research firm Zion Market Research released a new study shows that the global water-based paint market in 2015 to 58.39 billion US dollars, to 2021 is expected to reach 78.24 billion US dollars, the compound annual growth rate of 5%.

Although there are some limitations in the performance of water-based coatings, the development momentum is strong due to strict regulatory regulation and people’s awareness of the environmental hazards of solvent-borne coatings, and applied to many downstream industries, including construction, shipbuilding, wood Manufacturing, automotive and so on.

As a water-based paint with the water-based paint color paste in the market has matured, with a variety of special application requirements of the special water-based paint paste is also being successfully developed and listed to support the development of water-based paint demand.

Attention to the development of water-based paint technology in the field of rapid development, will be ambitious.

Water-based paint in the wet surface and wet environment can be directly applied to the construction, strong adhesion; water-based paint, water-based paint, water-based paint can be used as a medium of paint, water-based paint can greatly eliminate the risk of fire during construction and reduce the pollution of the atmosphere; Can be directly washed with water to reduce the loss of cleaning solvents and land pollution; water-based paint has the highest corrosion resistance and salt spray resistance of the electrophoretic coating, has a very good protection.

Especially today’s government policy on the cause of environmental protection guide; environmental philosophy is also more and more consumers are recognized and recognized; enterprises found that the cause of environmental protection to the new market, and actively transition to upgrade. Today’s water-based products accounted for the proportion of the market increased year by year, or even the trend of speed. I believe the future of water-based paint will be ambitious.