Recently, the domestic PVC market is quiet, around the small volume, the downstream demand in general. The market supply is tight, businesses around the market wait-and-see, price volatility is limited. But the PVC futures strong performance, environmental pressures still exist, provide strong support for the PVC high, PVC is expected to market prices in the short term will remain strong.
In October 20th, Inner Mongolia Yili 500 thousand tons of PVC plant construction 8-9, inventory is low, type 5 to the acceptance of the factory at 6750 yuan / ton; Heilongjiang Haohua PVC equipment operating 5, supply of goods is not much, the 5 type material factory reported 6950 yuan / ton acceptance; Inner Mongolia Junzheng chemical PVC operating normally, less inventory, type 5 stone of the province and the north by factory price 6700 yuan / ton.

In October 19th the general plastic index for 875 points, unchanged from yesterday, is the highest point in the 1114 cycle (2013-12-12) fell 21.45% compared with December 23, 2015, the lowest point of 726 rose 20.52%. (Note: the cycle refers to 2011-12-01 so far)

“The price performance depends on the length of OPEC oil production agreement optimistic or pessimistic,” Williams said.

He said that if the November 30th OPEC meeting did not reach an agreement to cut output, prices could fall below $40.

Beck Hughes said that as of November 18th week United States added active rigs 19 seats, and 471 seats, the biggest increase since last July.

Rise in oil prices is limited, due to a sharp rise in the dollar against a basket of currencies, rose to the highest in 2003, the U.S. Federal Reserve Board (FED/ fed) chairman Yellen said on Thursday, Trump was elected president of the United States did not change the Fed’s “relatively fast” Shengxi plan.

Iran is a major obstacle limiting protocol. Although Iran did not yield to respond to the proposal, but the other OPEC countries to give Iran hinted at the November 30th OPEC conference production flexibility is approaching, OPEC may be more close to consensus.

Brent crude rose $0.37, or 0.8%, to close at $46.86 a barrel. Brent crude oil this week rose for five weeks for the first time.

U.S. crude oil rose $0.27, or 0.6%, to close at $45.69. The contract rose this week, for the first four weeks.

WTRGEconomics energy economist JamesL.Williams said, prices rise or fall, has been meeting in November 30th before the OPEC statement based on state.

Reuters reported oil prices closed on Friday, last week rose sharply, the market is expected to become the recipients in the organization of Petroleum Exporting Countries (OPEC) in the end of this month will find a way to limit production.

Last week, U.S. crude oil and Brent rose about 5% each, for about a month for the first time in the weekly rise.

Long and oil sources said that most of the OPEC countries to give flexibility to the production of Iran, OPEC moved closer to the first production agreement to 2008.

recently, the upstream market continued high methanol, formaldehyde market fluctuations, the business community branch of chemical formaldehyde analyst Guo Shuai expected, the recent domestic prices or consolidation of formaldehyde.

In December 14th, Sheng Xinxiang formaldehyde price for 1550 yuan / ton, price stability, inventory, sales in general. Fujian Sanming Santai Chemical Co., 30 thousand tons of formaldehyde content of 37% maintenance, no specific price, drive time to be determined.

In December 16th, Nantong Jiangtian annual output of 320 thousand tons of formaldehyde plant in normal operation, the formaldehyde price is 1250 yuan / ton, price stability, inventory, sales in good condition. Run the Theil chemical formaldehyde plant, Nissan 1000 tons of formaldehyde, price of 1350 yuan / ton, the price steady, inventory, sales in good condition. Daewoo chemical formaldehyde price for 1400 yuan / ton, price stability, formaldehyde plant running well, Nissan 80 tons, a small amount of inventory, sales in good condition.

Recently, the domestic market temporarily stabilized formaldehyde finishing, methanol can support local prices, factory shipments, downstream demand pick-up, the market of goods in general, see the main industry.

As of the date of closing, the New York Mercantile Exchange in December delivery of light crude oil futures prices rose 0.54 U.S. dollars, to close at $49.72 a barrel, up 1.10%. December delivery of London Brent crude oil futures prices rose 0.49 U.S. dollars, to close at $50.47 a barrel, up 0.98%.

New York gold prices rose 27 to $1269.5 per ounce

The New York Mercantile Exchange gold futures market trading was the most active December gold price 27, compared with the previous trading day rose $2.9 to settle at $1269.5 an ounce, or 0.23%.

Sources pointed out that day, the organization of Petroleum Exporting Countries (OPEC) member of the bay area this week that will peak oil production by 4%. Boosted by the news, international oil prices rose.

The first three trading days, the Iraqi oil minister says, international oil prices fell sharply. Iraqi oil minister said 23, Iraq hopes to get exemption in OPEC production cuts, because the country needs more funds to combat extremist organization Islamic state”.

OPEC members last month have reached an agreement to cut output, will be 33 million 240 thousand barrels per day oil production fell to 32 million 500 thousand barrels, the production quantity of each member state will decide in November the official OPEC meeting.

daily It is reported that, Said OPEC members said, will peak oil production by 4%.

Boosted by the news, the international oil prices over the previous three consecutive trading days of decline trend; although the dollar forced the price pressure, but due to the U.S. economic data released the same day as expected, resulting in the price of gold rose; Chicago futures exchange 27 corn, wheat and soybean futures prices rose across the board.

OPEC release good news international oil prices rose 27

According to ANRPC’s latest report, by improving the supply and demand relationship, the weak yen, a rebound in oil prices and the economic recovery, began last month rubber prices rising momentum has been further consolidated. Data show that the natural rubber production year-on-year growth in the first 11 months of 0.4% to 10 million 106 thousand tons. Which Thailand, India grew 1.3% and 7.4%; Chinese, Malaysia maintained a downward trend. Export (including export to glue, the glue mixed Chinese), January to November, an increase of 4.9% in Thailand, Vietnam and Kampuchea have two digit growth; Indonesia, Malaysia natural rubber exports declined in different degrees.

For this year, the overall situation, report that the natural rubber production and export volume will appear slightly increased, a slight decrease of the results. The consumption of the year-on-year growth of 4%, imports fell 1.4%. For natural rubber prices, Chuancai securities issued a research report said that due to the recent foreign natural rubber market local supply, imports of goods to reduce, and the price of raw materials in Thailand market continues to rise, Qingdao bonded rubber stocks lower. Multiple positive drive at home and abroad, the spot market price of natural rubber continued to rise, thereby promoting the rise of hujiao. The demand side, passenger cars in October year-on-year growth of 21.7%, lower demand for improved support rubber prices. In addition, the price of natural rubber in September rebound, futures, spot market in October showed a rising trend.

Chuancai securities that, from the above factors visible, natural rubber prices likely will reverse the sustained 5 years of doldrums.

China and Thailand securities analysis, the total supply of natural rubber is still growing, but the growth rate is slowing down, and the local stage of the severe shortage of the whole year is less than expected. The inhibitory factor is low due to years of labor, in a serious lack of maintenance investment decrease, resulting in serious waste cutting, yield decline.

In addition, the natural rubber prices, investor futures analysts said the current domestic steel tire factory operating rate, semi steel were higher than the same period last year, and the heavy truck market in November sales year-on-year increase and a record high, show that the overall demand for downstream performance. From the point of view of circulation, as of the end of November 2016, Qingdao bonded rubber stocks compared to mid November rose 10% to 100 thousand tons, but the current inventory is still low. And the recent rise in synthetic rubber prices have some support for the price of natural rubber.

Data show that as of December 9, 2016, Shandong area steel tire operating rate was 72.65%, the semi steel tire operating rate was 73.39%, the operating rate of high stabilized tire. As of December 9th, the stock of 264 thousand and 900 tons (9 thousand and 500 tons last week rose), the registered warehouse receipts (197 thousand and 100 tons last week rose 8 thousand and 200 tons); in addition, as of November 30th, Qingdao bonded rubber stocks (a total of 100 thousand and 200 tons in November 16th increased 9 thousand and 300 tons).

Changjiang Securities issued a research report analysis, the future is expected to continue to rise in the price of rubber. “We judge that a future growth, natural rubber supply will not be short term, because of the summer in major producing countries in Southeast Asia suffered extreme weather alternating, rubber production growth slowed down in 2016; in the long term, in tapping rubber farmers enthusiasm improve and new open cut area accounted for relatively small based on the 2017 total amount of natural rubber will not grow significantly.

Automobile production and sales increase The price of rubber support

recently, the domestic market price of 85% formic acid and further push up, the recent market opening skyrocketing mode, or not, the majority of enterprises in the price of 4000 yuan / ton, prices continued to hit record high this year, the market significantly better.

In December 13th, Hangzhou Chang Feng Trading Co., 85% formic acid water from the net price 3200 yuan / ton, temporary price stability. Zhangzhou Xiangcheng Three Chemical Co. Ltd. 85% formic acid price for 3500/ tons, temporary price stability. Huanghua pengfa Chemical Co. Ltd. 85% formic acid factory price is 3900 yuan / ton, temporary price stability. Lawton Shanghai Fine Chemical Co., formic acid (formic acid content greater than 85%) offer 3900 yuan / ton, temporary price stability. Shandong Rong Yue Chemical Co. Ltd. 85% formic acid tax net price 3350 yuan / ton, temporary price stability, normal sales. Jinzhou City gold HTC Chemical Co. Ltd. 85% formic acid water from the price of 3200 yuan / ton, temporary price stability, normal sales.

At present, Shandong Rong Yue Chemical Co., the price raised to 4700 yuan / ton; Lawton Shanghai Fine Chemical Co., offer 3900 yuan / ton; Jinzhou gold Hondar Chemical Co., the price raised to 4300 yuan / ton.

The upstream product ammonia producing area disk stable operation of the main market, trading atmosphere is good; the recent steady caustic soda market consolidation, partial shipment and flexible. Downstream leather, chemicals and other industries on the demand for formic acid. Affected by supply and demand, is expected in the short term the market will continue to rise or acid.