Coastal bulk shipping market under the influence of many negative factors, the demand downturn trend continues, pressure drop tariffs. January 9, Shanghai Shipping Exchange, China coastal (bulk) freight index closed at 892.58 points, compared with December 31 fell 0.9 percent. Including coal, grain, metal ore freight rates were lower, crude oil, refined oil freight rates remained stable.

With continued cooling in some areas, a slight improvement compared to the previous demand for electricity, the six coastal Japanese consumption and stable operation of the power plant to the level of about 700,000 tons. But the overall downturn in the industrial economy, coal consumption is still below the level of previous years, and coal storage rate of decline is relatively narrow, unable to effectively stimulate plant replenishment will. On the other hand, continued to increase after experiencing four months ago, in the face of relatively high coal prices and sluggish demand, the market price of coal to get down again increased concerns. Bohai thermal coal prices fall release, part of the contract agreement is not a long amount of coal pricing situation has further confirmed the significant features of the current buyer’s market. Coastal coal transportation market fundamentals to plan coal-based, market supply scarce. Ship Harbor mooring space phenomenon continues, freight continuous bottom, shipping companies operating difficulties, stopping the phenomenon further increase flight envelope.

January 9, cargo types coal freight index of Shanghai Shipping Exchange closed at 918.44 points, compared with December 31 (below) fell by 1.0%. Shanghai Shipping Exchange, China’s coastal coal freight index, the number of freight routes reaching the lowest price since the release, which, Qinhuangdao – Shanghai (40,000-50,000 dwt) route tariffs for 20.4 yuan / ton, down 0.7 yuan / ton; Qinhuangdao – Nanjing (30,000-40,000 dwt) route tariffs for 28.1 yuan / ton, down 0.3 yuan / ton; Huanghua – Shanghai (30,000-40,000 dwt) route tariffs for 22.7 yuan / ton, down 0.5 yuan / ton. Southern route: the Qinhuangdao – Guangzhou (50,000-60,000 dwt) route tariffs for 28.9 yuan / ton, down 0.8 yuan / ton.

Currently, the contradiction between supply and demand of steel is still relatively “sharp” the face of approaching Spring Festival holiday, the downstream infrastructure projects, production enterprises will gradually leave, steel traders bearish mentality obviously, procurement will be reduced. Steel is still insufficient power increase, significantly boosted demand for iron ore difficult, tariffs pressure drop. January 9, metal ore cargo types coastal freight index closed at 760.29 points, compared with December 31 fell 1.4%.

Opened in 2015, is still a continuation of the decline in international oil prices, WTI has fallen below 50 yuan / barrel, domestic gasoline and diesel retail prices will usher in a January 12 2015, the first fall. Given weak oil prices will continue to run in the short term, the domestic refined oil wholesale market once again into a strong bearish atmosphere, the lack of positive factors to boost demand for transport, tariffs low levels. January 9, crude oil cargo types freight index of Shanghai Shipping Exchange was 1597.14 points, refined oil cargo freight index was 1215.40 points species, were flat with the previous year.(http://www.lubonchem.com)

January 12 Inner Mongolia trichlorethylene market consolidation, bottled mainstream market around 4900-5000 yuan / ton, the market supply is stable, can still take the goods.(http://www.lubonchem.com)

Last week, the domestic market trading atmosphere butyl acrylate gradually rise, prices rose steadily. Butyl acrylate raw material prices partially stabilized market sentiment stabilized, with the current factory operating rate is low, the market supply pressure to reduce conducive to the stable operation of the short-term market butyl acrylate.

East market trading intent smooth, spot stocks in general, downstream buyers demand pick-up, dealers normal shipping, offer a steady increase, the primary market price in 7600 ~ 7800 yuan.

South China market has some initiative to discuss, moderate turnover of the atmosphere, the dealer attitude to good, prices were slightly elevated level of market prices in 7600 ~ 7800 yuan.

North China market trading atmosphere is better, more active exercise goods buyers, dealers and smooth, prices rose significantly, the primary market price in 7600 ~ 7800 yuan.(http://www.lubonchem.com)

Crude News: Goldman Sachs lowered oil price forecast, four major US refinery outages, international oil prices plunged 5 percent. At the close, the New York Mercantile Exchange, February futures WTI15 $ 46.07 a barrel on Monday (January 12), down $ 2.29. London Brent futures on February 15 $ 47.43 a barrel, down $ 2.68.

PP tablets: 12 100-200 yuan market fell again, poor performance venue. With the price of oil again Zoudie and bearish impact on the petrochemical policy is expected, the market is expected to be maintained throughout the 13th Zoudie situation, to talk about the phenomenon maintained. In addition, rumors Sinopec North China price instability, does not rule out the possibility of a downward, this message has not been confirmed for reference only.

Petrochemical sales: sales of petrochemical companies and all sales regions shipping in general, inventory is on the middle level, poor sales. With the impact of the market decline, the price does not rule out continuing sporadic phenomenon.

Outlook forecast: Overnight prices Yindie worsening atmosphere inside. 12th Sinopec offer becoming soft in some areas, the venue enriched bearish sentiment. Market turnover fell into the woods on the 12th, rumors petrochemical prices are still intent. Multiple effects, film factory Yindie offer a few hundred dollars, all regions of the retail market increasingly soft shock, the recent lack of positive market guidelines, according to the business community is expected to price the 13th film or continue Budie.(Related: http://www.lubonchem.com)