August 29, the US benzene market closed lower, FOB US Gulf fell 8.5 cents to 267-267.1 cents / gallon, equivalent to 801-801.3 US dollars / ton.

According to Dow Jones August 30 news, Malaysia spot tin prices on Wednesday reported $ 20,450 per ton, compared with the previous trading day down $ 200. Turnover continued to 42 tons, the previous day for 37 tons.

August 29 European o-xylene market closing price stability, closing price of 740.00 US dollars / ton FOB Amsterdam, Rotterdam and Antwerp, compared with the August 25 closing price of 740.00 US dollars / ton offer the same.

Many brokerage analysts believe that with the downstream feed production and sales season arrival, superimposed environmental verification, the supply will be further tightening, vitamin product prices are expected to further break through expectations.

The latest data show that the highest offer of domestic vitamin A raised 40 yuan to 350 yuan / kg, compared with the June low of 120 yuan / kg, the highest increase of 190%. The current market supply tight, offer was leaping upward trend. The reason is that the world’s leading enterprises will soon enter the maintenance period, supply shrinkage to enhance market prices is expected; At the same time, China’s Zhejiang region is receiving the fourth round of environmental supervision, so that some domestic manufacturers affected.

In the A-share market, since mid-May, the Wind Vitamin Index has set off two consecutive rounds, with a record high on August 11, starting Friday, with the index rising again before the challenge, Also active, the concept of vitamin is expected to continue to heat up.

Product generally raise prices

In fact, not only is vitamin A, the recent price of multiple vitamin varieties are accelerating, vitamin B1, B3, B6, B12 appear different degrees of increase, vitamin B5 market quotation chain rose more than 200%. Tracing the source, triggering a substantial increase in market prices is mainly due to the domestic market supply side of the two-way contraction.

On the one hand, environmental protection policies in recent years continued to tighten, the central and local environmental protection and safety inspection and other frequent supervision, at present, the central authorities have organized four batches of environmental inspection team, assigned to the provinces and municipalities for environmental protection work. Pharmaceutical raw materials due to the production process of high pollution, high emissions, production enterprises by environmental pressure to increase. For the field of vitamins, most varieties of oligarchs by a small number of enterprises oligopoly production, if some enterprises due to environmental shutdown, the supply side is bound to shrink sharply.

And, Shandong and Zhejiang are China’s vitamin production province, especially vitamin B5 and vitamin E, accounting for 68% and 36% of the total global production capacity. Lianxun Securities believes that environmental protection related enterprises to stop production or capacity reduction, support for vitamin prices continue to rise, optimistic about the vitamin B5 and the price of vitamin E. Vitamin raw materials industry will usher in due to environmental tightening, resulting in supply side contraction brought about by the overall price history opportunities.

On the other hand, in the international market, following the vitality of the leading enterprises BASF announced after four weeks, DSM recently announced in October began to stop production for about 6-8 weeks. Only vitamin A products, for example, the current global VA powder production capacity of about 30,000 tons, while the DSM and BASF two oligopoly capacity total reached 14,300 tons, accounting for 47.67% of global production capacity. Into the 9-10 months, VA manufacturers will be more obvious impact of the shutdown, and even institutions are expected, the upward trend will remain, VA prices are expected to rise to 450 yuan / kg.

Yesterday, Wind vitamin index rose 2.01%, in all 180 concept index rose among the top, Northeast Pharmaceutical, Brothers Technology, new and into a rise of 2.22%, 2.17% and 1.70%, Wei Xun Kang mass limit.

Industry leaders are more benefit

Vitamin industry downstream demand is more stable, mainly for feed additives, pharmaceuticals, cosmetics and food and beverage, which accounted for 80% of feed additives. For the downstream feed business, vitamins are added with a clear standard for rigid demand. From the cost point of view, the total of about 12 varieties of vitamins, the overall cost of feed accounted for 2% -3%, and prices can be homeopathic shift to the downstream, large downstream enterprises have inventory advantages, price increases to enhance its competitiveness is more favorable. Guhai Securities analysts believe that this round of environmental protection limited to meet the low inventory, is expected to part of the small premix enterprises and even because of out of stock and forced to stop production. By then, I am afraid the price is high, the downstream may have to accept.

From the historical experience, the domestic feed production is more regular, the second half of the output will gradually increase, July, August and September is the main month of production growth, but also the season of vitamin procurement. According to the current inventory situation, is expected by the end of August – early September, supply and demand balance will reach an extreme.

Shen Wan Hongyuan Securities analyst Song Tao introduced recently, the mainstream of vitamin manufacturers shipped tight, has stopped single. With the fourth round of environmental protection inspection team stationed in Zhejiang, is expected to new and into, Zhejiang Pharmaceutical and other enterprises will be affected by the start. With the downstream feed industry is about to enter the demand season, VA price rebound is expected to continue, there are still close to doubling the current price increases.

At present, the environmental inspection team has begun to carry out inspections in Shandong and Zhejiang. Guohai Securities analysts pointed out that if the production enterprises to further limit production, supply and demand will be a serious imbalance, the supply side may be a substantial price increase to make up for the loss caused by the limited.

China Merchants Securities said that vitamin enterprises bargaining power is strong, while the downstream feed industry is more dispersed, while most of the varieties of technical barriers higher in the current environmental pressure under the circumstances, some small enterprises gradually clear, further enhance the industrial concentration. While the price elasticity of vitamin prices generally larger, once the price increases, the future price increases larger. Investors are encouraged to focus on the industry leader with stronger market competitiveness and more technical advantages.

Into August, a titanium dioxide dragon has twice lowered product prices. It is understood that the pre-price of the enterprise is always higher than the market price, after the price adjustment, the price and the market gradually closer to the average price. After the completion of the price reduction, the enterprise take the goods stable, the product inventory pressure is small. According to another titanium dioxide business revealed that in August the company sales in good condition, the product is basically no inventory.

Affected by environmental verification, in August China’s titanium dioxide production has declined, the overall level of inventory on the market gradually decreased. With the release of large inventories, the industry that the future there is no possible decline in titanium dioxide prices may be, the market will gradually pick up.

August 25, the European ethylene market closing price stabilized, FD Northwest Europe prices remain unchanged at 1039-1043 euros / ton; CIF Northwest Europe prices remain unchanged at 1215-1219 US dollars / ton.

Noise handling technology Better submarines are one of the most powerful weapons in the war, which also means that the submarine is more concealed. Previously, China has developed a shell with shell surface imitation shark skin technology, the use of bionic principles to reduce the submarine’s own noise. As a military frontier technology, Shanghai Ano its group and Shanghai Jiaotong University, try to apply similar new technology in the field of military and civilian integration industry.

According to Professor Yang Xiaohui of Shanghai Jiaotong University School of Chemistry and Chemical Engineering, “the material is made of special materials to reduce audio and sound noise, thus providing a safe environment and improving environmental comfort. It can be widely used in ship transportation, rail transportation, home building and defense field.”

In order to expand the application of the technology in the military and civilian markets, Anno Group and Shanghai Jiaotong University and its team set up a joint venture company, “to support science and technology, with the power of capital, and use their own industrial advantages in the civilian areas to promote the application, such as High-speed rail, highways, ships and other public transport areas, hotels, cinemas and other public places, as well as home improvement wall protection noise reduction, etc. “An Nuoqi Group Chairman Ji Lijun told the first financial.

As the printing and dyeing industry as a whole solution provider, to make such a big jump in the cross-border move, behind the relevance and logic of what?

In the view of Ji Lijun, cultivate the company’s new profit growth is one of the goals.

In contrast to the entire printing and dyeing industry, in the energy-saving emission reduction policies tight, weak external demand, rising costs and other factors under the effect of China’s pigment industry began to enter a new round of adjustment period. 2017 1 to 6 months, more than the scale of printing and dyeing enterprises, the number of enterprises 302 loss, loss of 17.64%, compared with the first quarter to reduce 3.88 percentage points. The total loss of loss-making enterprises was 804 million yuan, an increase of 15.51% over the same period in 2016. With the market competition is more intense, dyestuff enterprises to withstand the increase in operating pressure, the entire industry to speed up the pace of transformation and upgrading.

From another dimension, high-tech materials is also a national key support industry, “now the integration of military and civilian development has risen to China’s national strategy, private enterprises ‘join the army’ also usher in a new outlet, private enterprises have a capital advantage, Technology research and development, talent incentives, market development to accelerate the popularization of technology. “Guoxin Securities Business Unit Project Director Mr. Lu told the first financial.

“With the development of Shanghai Jiaotong University, through the exchange of academic and technical exchanges and cooperation to help companies develop new materials in the field of R & D team to enhance the company in the field of new materials, professional and technical level, so as to cultivate the company’s new profit growth point. “Ji Lijun said.

In a diversified layout, new materials are seen as key to rapid layout of the major industries. In addition to silencing materials, there are 3D printing photosensitive resin technology. “At present, the development of 3D printing materials in the domestic market is at low cost, high cost and narrow application range, and it is difficult to industrialize large-scale production.” Shanghai Jiaotong University materials experts Tong Gangsheng pointed out that the 3D printing photosensitive resin project can use hyperbranched polymer Low viscosity and easy to modify the characteristics used in 3D printing.

In addition, hyperbranched polymer adhesive is made of hyperbranched technology from the special materials, can be fast UV curing, 5-10 times faster than traditional products, used in automotive, medical, electronics and other fields, to change the current product Dependent on the import situation. Data show that the global adhesive market in 2016 49.5 billion US dollars, up to 63.5 billion US dollars in 2021; China accounted for about 32%, the average annual growth rate of 8%.

While these projects will be a strong driver of the company’s future development, there will be uncertainty that there will be a return on investment in technology research and development, project selection, and talent allocation. How to reduce the diversification strategy brought about by the business risks, but also companies need to consider the issue.

“On the one hand, we will examine the feasibility of the project, At the same time and scientific research institutions can also be complementary ways to reduce the risk.

For example, in cooperation with the new materials of Shanghai Jiaotong University, Anno and the Shanghai Jiaotong University, Shanghai Jiaotong University Intellectual Property Management Co., Ltd. and its legal representative Tong Gangsheng co-funded the establishment of joint ventures, the registered capital of 100 million yuan. Which Ano its cash contribution of 80 million yuan, 80% stake in the shares, Shanghai Jiaotong University Intellectual Property Management Co., Ltd. to assess the value of intellectual property investment 8 million yuan, 8% stake, Tong Gangsheng to intellectual property assessment price of 12 million yuan investment , Holding the proportion of 12%.

Specific operations, the two sides also set up a platform for the management of intellectual property management, the early collection of patents in Shanghai University, the formation of patent pool, the expert team, full-time lawyers and scientific assessment system and other ways to conduct a hierarchical screening of patents, different types of market Operation.

“On the one hand, the major universities, research institutes produce a large number of intellectual property rights each year, but mostly stay in the study, waiting for the transformation; the other hand, the majority of enterprises in the industrial transformation and upgrading is struggling, urgent need for technological innovation support Cooperation mode can change the status of scientific research is very low conversion status. “Shanghai Jiaotong University Intellectual Property Management Co., Ltd. General Manager Liu Qunyan said.

With the increasing consumption of natural gas in China, natural gas prices are entering the downstream channel.

According to “Securities Daily” reporter learned that the earliest in mid-September, non-residents with natural gas station prices or will be reduced 0.08 yuan / cubic meter.

Analysts said the recent re-emphasis on several departments to increase the “coal to gas” efforts, Beijing and Tianjin and other regions will significantly increase the gas consumption, natural gas supply this winter for a lot of pressure, or the emergence of part of the local time period Supply gap, when the price may rise higher, which is not conducive to the growth of natural gas consumption.

At the same time, the deepening of oil and gas reform is also advancing the pricing of natural gas market, reducing the price of natural gas to stimulate gas demand.

Natural gas prices are expected to cut in advance

“Securities Daily” reporter learned from a number of social institutions, in September this year – October, non-residents with natural gas station prices or will be reduced by 0.08 yuan / cubic meter.

Prior to the national natural gas station price adjustment for November 20, 2015, the highest non-residential gas station price per thousand cubic meters down 700 yuan; at the same time the non-resident gas from the highest gate price management to the reference door Station price management. After lowering the price level of the highest gate station as the benchmark gate station price, both supply and demand can be based on the price of the benchmark gate station, in the floating 20%, floating within the scope of the consultation to determine the specific gate station price.

Relevant information analyst Guo Jian told the “Securities Daily” reporter said that the non-resident natural gas station prices slightly lower, or with the VAT tax rate and long-term low oil prices related. July 1, 2017, the natural gas value-added tax rate dropped from 13% to 11%, in the case of the same sales price, pre-tax price increase over the previous period, while the VAT tax rate decreased slightly.

State Construction believes that overall, China’s natural gas price level has been to a certain extent, can reflect the international energy price level, although the domestic natural gas price adjustment corresponding lag, but overall, the domestic natural gas pricing mechanism is to rationalize the improvement.

At the end of May, the long-awaited oil and gas reform program was introduced and pointed out that the upstream market will continue to liberalize access to strengthen the market competition of oil and gas exploration and mining to promote the downstream gas supply costs decline.

At the same time, the Development and Reform Commission will be natural gas pipeline transportation and downstream gas price rate of return were 8%, 7% or less.

Zhejiang Securities analyst Chen Xiaoyu said that this series of initiatives will rationalize the domestic natural gas pricing mechanism, from the upper and lower reaches of the three links to release natural gas prices, continue to promote market-oriented pricing, thus promoting the end consumer price down, especially non-residents gas prices , And ultimately pull the downstream market demand for gas.

This winter or part of the local supply gap

In fact, the increasing demand for natural gas is also one of the core objectives of this price adjustment.

Some market participants believe that this price adjustment in addition to consider the above factors, the Government should also take into account the existence of natural gas this winter, “gas shortage” may. 2016 winter heating end, based on the prevailing market supply and demand, in the policy allowed within the scope of the upper reaches of the general door prices were 10% -15% of the floating, the larger pressure downstream. And last winter prices unilaterally rose, the summer did not appear price reduction, or is to promote this price one of the reasons for the price reduction.

According to relevant information, the current domestic gas storage gas into the gas injection stage, part of the city gas company gas supply has been slightly limited.

“In the first half of the natural gas consumption growth rate of 15% in the context of the winter demand peak or the emergence of part of the time part of the supply gap in the local area.Therefore, the price of natural gas stations in winter is expected to continue to rise in different degrees. Said.

It is necessary to mention that, in recent days, the Ministry of Environmental Protection, the National Development and Reform Commission and other 10 departments, the Beijing-Tianjin-Hebei and the surrounding local government jointly issued “Beijing-Tianjin-Hebei and the surrounding areas 2017 – 2018 autumn and winter air pollution comprehensive management action” (Hereinafter referred to as “the” Scheme “).

“Program” in the main task, to speed up the integrated management of coal pollution in the proposed, fully completed with electricity to coal, to coal on behalf of the coal task. 2017 before the end of October, “2 +26″ city to complete the coal on behalf of the coal to coal on behalf of more than 3 million. Beijing, Tianjin, Langfang, Baoding 2017 before the end of October to complete the “coal area” construction tasks, scattered coal thoroughly “cleared.” (Tianjin, Shijiazhuang, Langfang, Baoding, Hengshui, Taiyuan, Jinan, Zhengzhou, Kaifeng, Hebi, Xinxiang City), to increase the intensity of the work, 2017 to be included in the central financial support in the northern region of winter clean heating 12 pilot cities Before the end of October made substantial progress.

This means that the demand for natural gas will be further increased.

From the Zhejiang Securities data show that the short term, “coal to gas” policy frequently, to promote the Beijing-Tianjin-Hebei and the surrounding area with a substantial increase in gas consumption, is expected to add 100 billion cubic meters of gas demand. In the long run, the “13th Five-Year Plan” has clearly defined the main energy status of natural gas. Natural gas accounts for 5.9% of the energy consumption from the “12th Five-Year Plan” to 10% of the “13th Five-Year Plan”, and the estimated consumption will reach 4000 Billion cubic meters.

Analyst Chen Yunying told the “Securities Daily” reporter said that if the door station price is not adjusted, in accordance with this year’s “coal to gas” efforts, the winter for more pressure, the price may rise higher, which is the growth of natural gas consumption Unfavorable, so this time the price cut may also take into account this point.

She also pointed out that it is foreseeable that this winter the natural gas supply situation will be more arduous, consumption growth will be very rapid. If non-residents with natural gas prices to achieve a certain range of down, will further protect the downstream use of natural gas confidence, the upstream will face a decline in profits. The price adjustment is not large, the whole is also taking into account the feelings of the upstream and downstream.

Reporter learned from the Hainan Entry-Exit Inspection and Quarantine Bureau was informed that recently, a group of Brian crude oil from the United States by the Yangpu Inspection and Quarantine Bureau after the successful inspection of qualified, which is the first import of US crude oil port in Hainan.

It is reported that the total imports of crude oil 248,300 tons, shipped from the United States, Texas, in mid-July arrived in Yangpu port.

For the first time in Hainan imported new oil species, Yangpu Inspection and Quarantine Bureau in accordance with the “port balance action” requirements, to strengthen the import of crude oil inspection and identification of the site investigation and follow-up treatment, in strict accordance with the relevant standards to extract samples, Product data error, timely judgment to solve the difficulties encountered in the detection process to strengthen the quality of the new oil monitoring research, to promote the number and weight of the work of the early warning, in the supervision, after the disposal of all the chain covered.

According to the Hainan Entry-Exit Inspection and Quarantine Bureau, in recent years, the US shale oil revolution has changed the pattern of US crude oil supply and demand, the rapid increase in energy self-sufficiency, crude oil production increased significantly. By the end of 2015, the United States ended a 40-year crude oil export ban, China’s imports of crude oil from the United States to help promote Sino-US trade balance and promote the further integration of the market price system.

At the same time, the import of US crude oil at the port of Hainan, but also changed the past mainly from Africa, the Middle East, Russia and other regions of the history of imports of crude oil, and further enrich the Hainan port imports of crude oil varieties, more adapt to national energy sources diversification strategy requirements.

As we all know, the past two years, the trend of decadent pesticide industry is very obvious, many small and medium enterprises have chosen to transition or merger and reorganization, many companies are thinking, in this pesticide situation, how to change the enterprise to get out of this dilemma, we look at What do the industry leaders think about.

The cause of the downturn we all say are similar, but what is the underlying cause of the downturn, this I think you should be seriously concerned about the next step how to do? They gave the answer.

The industry downturn factors: pesticide is just needed, the total amount of pesticides will not be a substantial decline; 2, agricultural prices, large drug purchase, channel structure has changed; 3, the traditional marketing do a good job of large enterprises, maximum.

2, medicine and flying defense is the pain of farmers, to drug and fly defense to promote pesticides; 3, farmers need the whole industry chain (1), the two channels to change the channel, Service, and because of the whole industry chain services and access to agricultural premium, so farmers and other agricultural structure is a big topic; 4, agricultural and electrical business after the second half of last year and the first half of this year’s silence, after the first round of agricultural The impact of the second round of electricity business model is more clear, the second round of the climax is being presented.

Factors: 1. Last year, low prices of agricultural products, the biggest factor, affecting the enthusiasm of farmers medication.

2. Last year the Internet is very hot, the “overnight riches” the pursuit of personnel and business team impetuous, and a little blind pursuit, it seems not hot on the outdated, without their own insistence, many agricultural enterprises are involved in the Internet , Involved in many aspects of things. In fact, from today’s point of view, scattered energy, so that the original business hard work has been lost.

3. Last year and this year, seed dressing is very hot, many companies grow agent sales growth is very rapid. In the zero growth of pesticides, the number of spraying may be reduced. The original peanut with three or four drugs, but now with two drugs, some of the original apple with three times before the four, now with twice. Because the price of agricultural products is low, do not want to invest, but if the effect of two and three or four times the difference is not obvious, then it will form a new application habits, this is a good thing, but for pesticide companies, profits will be affected.

Before the amount of pesticide used in excess.

There are enterprises to rise, large business decline, medium-sized enterprises or a lot of growth, those who focus on the enterprise, focus on products, and focus on the crop. Mingde Rieter in the first half increased by 50%, because the focus on products, because we are not focused, you focus on your chance. Focus on a big product, made more than 20 million, profit margins have increased a lot, we did not do agricultural capital, but we are in the application of Internet tools.

Way out: we want our customers do not impetuous up.

1. Analyze every action in the business, including subsidiaries, including some projects, do in-depth analysis. Do focus, feel the foreground is not clear, there is a considerable distance, and quickly cut off.

2. Do not be confused, forget the layout of the future, we have the future of 2020 product layout.

Efficiency improvement, reduce the burden before the line. Many business ills is the establishment of a lot of departments, many start-up companies. These companies focus on hard, but do not focus, it is easy to drag dead. Business is always afraid to focus on other places after the loss, but this is a wrong thinking. Do more difficult to open, do a little easier to open.

3. Another point, off-season, business team training and cohesion to enhance the period, the current business team more impetuous, so that everyone from the confused out.

Business summary, look at the situation today, the previous action, which is doing good, which actions on the current bad, do something to change, not criticism, is to better forward, for the future work to provide some A better way.

Enterprises should be good at self-summary, self-examination. For example, many companies involved in flying defense, but almost no business to make money, the news did not engage in the pastoral engage in a drug team.

Fear of losing the future, and excessive layout, scattered the main business of the energy. Flying the layout of the Internet, the layout of the Internet companies are the case. Enterprises are open, cooperative mentality. First, do some cooperation with each other, on the other hand is the exchange of each other, do not always hold the mentality of competition.