supply by the contraction of butadiene prices rose, the long-term demand is still strong. National Day after domestic manufacturers supply prices of butadiene and raised during the holiday outside the market soared, driven by the domestic market, the current price has doubled compared to last year lows. Application of butadiene rubber, is mainly downstream of ABS resin, the automotive industry is the main requirement of the application, in recent years the overall trend of China’s synthetic rubber and ABS resin to yield, and the cars will drive the rubber demand continues to grow, the long-term demand for butadiene is expected to stabilize. Shell Singapore announced in late September butadiene unit force majeure caused by short-term tight supply in Asia butadiene market, promote butadiene prices single week rose $200 / ton. The external market changes driven by domestic product prices, compared with the August average price of domestic butadiene, has risen more than 4000 yuan / ton. We believe that in the tight supply situation, short-term butadiene prices are expected to rise further. The relevant standard recommended Huajin shares, the company has approximately 100 thousand tons / year butadiene yield, low production cost, good profit.

China September natural gas imports 5 million 730 thousand tons, an increase of 72%. The General Administration of customs data released on Thursday, September China natural gas imports 5 million 730 thousand tons, an increase of 72%, an increase of 73%. The strong winter demand has driven Singapore liquefied natural gas spot prices rose to the highest level since January. Chinese plans to 2020 will be the natural gas in the energy consumption in the proportion increased to 10%, and reduced the price of natural gas to stimulate consumption in the last year. According to the NDRC statistics, this year 1-8 month, China natural gas demand growth of 7.5%. With the growth of the natural gas demand and price reform, the future in the production,

transportation, sales and other links is expected to break the three barrels of oil monopoly, to get involved in the field of private enterprises from a slice.