As of September 14 closing, butadiene FOB Rotterdam spot goods 1098.00-1102.00 US dollars / ton; butadiene FD Northwest Europe spot 848.00-852.00 reported the euro / ton

In recent weeks, East China Styrene market, “a soaring”, set a continuous pull up 11 trading days record, the highest turnover in East China to 11800 -11850 yuan / ton, higher than the previous round of up to 2600 yuan / ton

In the first half of the year, the profitability of styrene enterprises fluctuated significantly. In early February, it hit the highest level of profit in the first half of the year, once approaching 1,500 yuan / ton, but then sharply shrunk, even in the second half of April to the second half of May For a month-long loss situation, the maximum loss of up to 500 yuan / ton as much. Since June, the styrene companies to maintain a high level of profitability. Especially in the end of August in early September, corporate profits have recently exceeded 2,500 yuan / ton, the second half of 2013 since the highest profit period.

The report released this week by the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) shows that the oversupply situation in the international crude oil market is gradually improving and the market is moving in a more balanced direction.

The report released on the 13th of the International Energy Agency showed that global crude oil supply fell in August, the global crude oil market is back to balance, industrialized countries, crude oil product inventories will soon decline to 5-year average below. In the industrialized countries of the Organization for Economic Co-operation and Development (OECD), crude oil inventories in July were 1,793 million barrels per day, only 35 million barrels higher than the average for the past five years. Depending on the US oil refining industry after the Harvey hurricane production recovery, OECD members of crude oil product inventories may soon fall below the five-year average.

The International Energy Agency says the oversupply situation in the crude oil market is improving under the influence of rising demand for crude oil, US hurricanes affecting crude oil production, and conventional summer maintenance periods. The International Energy Agency said that according to the recent trend of investors can be seen, investors expect the market is gradually tightening, crude oil prices will gradually rise, although the rate of recovery is still moderate. The International Energy Agency believes that the recent trend of the international crude oil futures market also shows that the crude oil market is beginning to return to balance. In the case of

OPEC 12 monthly report also shows that OPEC production in August fell, showing OPEC and non-OPEC oil-producing countries to achieve the effect of the implementation of the agreement is being enhanced. OPEC said in the report, OPEC oil production in August fell, indicating that the international crude oil market is further closer to the balance. OPEC Secretary-General Sauni Bourgeto said in a speech at Oxford, UK that the rebalancing process in the crude oil market is advancing with the support of OPEC and non-OPEC countries with high compliance agreements. In the case of

Last year, oil producers, including OPEC and Russia, reached an agreement to cut production to help improve the global oversupply situation in the crude oil market to help oil prices rebound. However, due to the poor implementation of the implementation of the agreement, many oil-producing countries is still growing production, fuel production rebounded the effect of oil is not obvious, the international oil prices did not rise to above $ 50 a barrel. Recently, OPEC held a special meeting to discuss how to promote the implementation of the cut agreement.

The International Energy Agency (IEA) said in its report that OPEC’s output was the first drop in five months in August, partly because of the turmoil in Libya that affected crude oil production and the rate of implementation of its oil-cut agreement by 75 percent in July 82%, non-OPEC member countries in August compared with July also cut production by 27 million barrels per day. In the case of

The International Energy Agency also raised the forecast for global crude oil demand growth, due to the second quarter of this year, crude oil demand is strong growth year on year. As the US and European demand for crude oil increased significantly, the current global demand for crude oil increased by 160 million barrels per day, the average will reach 9770 million barrels in 2017.

Recently, the United States, “Harvey” and “Elmar” hurricane continued to affect the US refinery production, so that crude oil demand fell, affected by oil prices fell again, New York crude oil futures fell more than 5% a week. In particular, the “Harvey” hurricane landed in Texas, is the United States oil-producing state, the distribution of a large number of crude oil refinery and other infrastructure. The International Energy Agency’s report on the 13th that the end of August landing in the United States, “Harvey” hurricane on the impact of international demand for crude oil will be temporary, the impact of the hurricane on the crude oil market is gradually weakening.

At the same time, the US Energy Information Administration released on the 13th statistics show that last week the United States national commercial crude oil inventories rose 590 million barrels, or less than market expectations. Before the US Energy Information Administration has cut its expectations for US crude oil production.

International Energy Agency’s report released after the international crude oil futures on the 13th has been the third consecutive trading day up, showing that investors for the oversupply of the crude oil market concerns are eased. As of the close on the 13th, the New York Mercantile Exchange in October delivery of light crude oil futures closed at $ 49.30 a barrel, or 2.2%; November delivery of London Brent crude oil futures closed at $ 55.16 a barrel, Or 1.64%.

September 13, the US regional ethylene market closing price fell $ 5.5 / ton, FD US Gulf prices closed at $ 672-683 / ton.

September 13, the Asian region ethylene market prices stabilized, CFR Northeast Asia closing price unchanged, to close at 1314-1316 US dollars / ton; CFR Southeast Asia closing price unchanged, to close at 1199-1201 US dollars / ton.

September 13, the European ethylene market prices were mixed, FD Northwest Europe prices rose 1 euro / ton to close at 1017-1022 euros / ton; CIF Northwest Europe prices fell 5.5 US dollars / ton, to close at 1199-1203 US dollars /Ton.

September 14, 2017 LME cobalt offer 61,000 US dollars / ton, unchanged from the previous day.

September 13, the Cobalt Commodity Index was 153.66, down 0.6 points from the previous day, down by 1.35% from its peak at 155.76 points (2017-09-04), up from 69.84 points on July 05, 2016 120.02%. (Note: cycle refers to 2011-09-01 so far).

As of September 13 closing, butadiene FOB Korea reported 1469.00-1471.00 US dollars / ton, steady; butadiene CFR China 1519.00-1521.00 US dollars / ton, steady.

As of September 13 closing, butadiene FOB Rotterdam spot goods 1098.00-1102.00 US dollars / ton; butadiene FD Northwest Europe spot 848.00-852.00 euros / ton.

September 13, the US styrene market FOB US Gulf fell 1.1 cents to 59.5-60 cents / lb, equivalent to 1309-1320 US dollars / ton.