September 5, London zinc opened at 3206.5 US dollars / ton, the first round of zinc rose slightly to 3215 US dollars / ton near the finishing operation, but 3200 US dollars / Day integer mark lack of support, London zinc plunged, low 3193 US dollars / ton , London zinc after the pressure in the 3200 US dollars, difficult to have a substantial breakthrough, but up and down the volatility of less than 10 US dollars / ton, as of 17:30, Lun zinc reported at 3197.5 US dollars / ton, down 12.5 US dollars / ton, down 0.39%. Day Nei Lun zinc pressure 3200 US dollars integer off, high steady operation of the main, late London zinc or running strong, poised to break through.

September 5 zinc (market) commodity index was 151.67, compared with the highest point of 155.02 points (2017-08-21) fell 2.16%, compared with November 22, 2015 the lowest point 72.28 points rose 109.84%. (Note: cycle refers to 2011-09-01 so far)

As of September 5 closing, butadiene FOB Korea reported 1359.00-1361.00 US dollars / ton; butadiene CFR China News 1409.00-1411.00 US dollars / ton.

As of September 5 closing, butadiene FOB Rotterdam spot report 1028.00-1032.00 US dollars / ton; butadiene FD Northwest Europe cash 845.00-849.00 euro / ton.

As of September 5 closing, methanol FOB US Gulf 98.25-98.75 cents / gallon, down 3.5 cents / gallon; methanol FOB Europe Rotterdam 267.5-268.5 euros / ton, down 1 euro / ton.

As of September 5 closing, methanol CFR Southeast Asia (LC 0-30 days) US dollars / ton, the closing price stable.

A new round of environmental verification to bring the direct impact of the nationwide once again a large range of production limit production, pesticide market demand situation again intensified, and now the pesticide market can be described as a comprehensive price increases, but behind the trend of this price trend , Revealing the weakness of the pesticide market is.

Recently by the second batch of environmental protection inspectors stationed in Sichuan, Shandong, Zhejiang and other places, the original glyphosate rose, driving the whole drug industry to pick up.

At the same time, the heating season in the northern provinces of cement, electrolytic aluminum and other industries to stop production, bringing the chemical industry is expected to limit production, resulting in the current market activity is higher, although the original drug and intermediates are high prices, But the next will increase the willingness to get goods, but the low inventory, resulting in the upstream manufacturers willing to order a very low.

Herbicides, the upper reaches of glycine, chloroacetic acid increased the impact of glyphosate drug prices continue to rise, the original drug, such as fenpropathrin and other varieties are still tense, nitrione, Drugs have risen sharply.

Pesticides, the A Weiguwei salt supply series is still tight, prices up, nicotine, pyrethroid products by the impact of upstream intermediates, the market price increases; by the impact of ethyl chloride tension, organic phosphorus products Keep high.

Fungicides, hydrazine hydrate prices, led the downstream triazole fungicide rose, the other varieties of high-based consolidation.

This week, benzene, propylene series, phenol ketone, acrylonitrile acetonitrile and other remain low; chlor-alkali industry, liquid caustic soda, caustic soda is still high, liquid chlorine prices low; bromine has risen, yellow phosphorus prices stable, fluorine chemical market by Refrigerant demand slowed down, there fell, but F113a still maintain high.

This week the maintenance of tension in the series of A Weiguangwei salt, Avermectin powder manufacturers to maintain the offer price of 520,000 yuan / ton, the main payment orders; A Wei salt original drug spot tension, manufacturers pre-order orders, the market Demand will push prices to 86 million / ton.

First, pesticides

The production of nicotine products is limited, the upstream raw materials 2-chloro-5-chloromethyl pyridine prices rebounded, continue to rise, with the seed dressing market, the imidacloprid drug prices rose to 16.3 million / ton, Amidine original drug reported 165,000 yuan / ton, the market inventory low; thiamethasone drug manufacturers upstream? Diazine prices have declined, but by the Hebei environmental safety inspection expected impact, manufacturers coordinate pricing, but the actual turnover concentrated in the 95,000 yuan / ton; the original price of the original drug, the spot shortage, car manufacturers few, medication Off-season, the price is still 17 million / ton high.

Second, herbicides

This week the upper reaches of glycine, chloroacetic acid has been raised, glyphosate original drug continues to rise, reported to 23,500 yuan / ton, the market inquiry more, manufacturers do not want to order; glyphosate preparations in August has risen three times; Ammonium phosphide drug prices reported to 15.5 million / ton, the market wait and see mood getting stronger.

Selective herbicide has entered the off-season, Fulier Ling original drug has some stocks, but the upstream cost is high, the market price of 30,000 yuan / ton; Fluorosulfonamidyl ether original drug market without stock, demand wang, gap, market price Still in the 120,000 yuan / ton high; nicosulfuron original drug manufacturers early 180,000 yuan / ton by the light storage orders, the market demand in general, but the upstream intermediaries have been high wandering; sulphoxylate drug market off-season, But the upstream intermediaries rose, the market price reported 13 million / ton; Atrazine drug offer stable at 19,000 yuan / ton, less car manufacturers.

Third, the fungicide

Triazole fungicide varieties are still low inventory, the factory operating rate is insufficient, although Jiangsu Lianyungang parking manufacturers continue to drive, but the upstream is still high in the benzene, the recent hydrazine hydrate prices rise, resulting in high cost of the original drug, Zuozheng medicine reported 155,000 yuan / ton, propiconazole original drug maintained at 115,000 yuan / ton, hexaconazole crude drug stocks low, offer to 105,000 yuan / ton.

Tebuconazole raw stock low, the market operating rate is low, the market price of 92,000 yuan / ton; tricyclazole original drug supply tight, less car manufacturers, intermediates uplink, offer to 58,000 yuan / ton. Carbendazim original drug, methyl thiophanate original drug market low inventory, limited supply, carbendazim original drug reported 3.8 million / ton, methyl thiophanate original drug reported 30,000 yuan / ton.

By the first half of 2016, DuPont, Ishihara, Huntsman, Tenova and other large-scale titanium dioxide production enterprises have announced a cumulative reduction of more than 400,000 tons, the European titanium dioxide market, a serious tension.

According to ICIS news, the European titanium dioxide market supply is still tight, almost did not get any relief, the momentum of the price rise may continue to the fourth quarter. Market participants also said that the supply of titanium dioxide in Europe is still very challenging, the supplier’s product sales lead to supply difficulties, delays in delivery.

Relevant analysis, by the above factors, the European market price of titanium dioxide in the fourth quarter will continue to rise. At present, the market price of titanium dioxide contract is about 2.59 ~ 2.85 euros / kg (northwest Europe, FD), according to the relevant signs of the performance, the fourth quarter, titanium dioxide prices will be on the basis of the existing rose 100 to 300 euros / ton. Accordingly, the market price of titanium dioxide or more than 3000 euros / ton.

At present, some buyers said that although the operating capital constraints in previous years usually lower inventory at the end of the year, but this year will consider re-establishment of inventory, so hoard goods may become a major priority. European titanium dioxide market since the fourth quarter of 2013 began to develop quarterly prices since the third quarter of 2017 climbed to the highest level, for which buyers have been trying to shift the cost of rising downstream pressure.

From the exchange rate and price point of view, China’s exports to the European market price of titanium dioxide compared with the first half of the greater competitiveness, we can see China’s titanium dioxide export prospects or will continue to be optimistic. But there are also views that not all customers can accept the technical level of China’s titanium dioxide enterprises, taking into account the cost of transport, price advantage will be discounted.

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Almost half of the US refining capacity is concentrated in the Gulf of Mexico region. The violent hurricane “Harvey” attacked the coast of Texas, where the huge floods destroyed 11.2 percent of the US’s refining capacity, as well as a quarter of the US Gulf of Mexico’s oil production and caused the closure of the Texas coastal port. In addition, the United States accounted for more than 1/3 of the chemical production capacity was forced to shut down.

American styrene plant

US local styrene production capacity of about 4.9 million tons, up to now, involving parking devices up to 2.53 million tons, and another 1.124 million tons of reduced load operation, although some factories said that due to the main supply downstream or contract-based users, On the market supply of supply has little effect, but it is undeniable that a substantial reduction in supply. For the Chinese styrene market, it can be considered “icing on the cake”, for the recent domestic market prices pulled up further played a further boost with the.

The United States as Asia’s main source of ocean cargo supply, China’s styrene imports for a long time plays a decisive role. However, in 2017 the United States exported to China, the total amount of styrene plunged from January to July customs import data, China’s total imports from the United States 152,900 tons, compared with 292,200 tons last year dropped 139,900 tons The The main reason is that the United States in the first quarter of the local multi-sets of large units to stop the maintenance of their own supply caused by a sharp decline in their exports, and even once the Asian exports to the United States anti-arbitrage phenomenon; on the other hand is due to high prices in Europe, the United States to Europe Substantial increase in supply, the corresponding reduction in the arrival of the Asian market.

In addition, we have analyzed in the previous period, Europe imports from the United States about 2-3 million tons per month, but in August the total flow of goods in the range of 4-6 million tons, resulting in the US local supply reduction. In the first half of September, US cargo was already sold and most of it was shipped to Europe. As a result, the earlier Asian Ocean Ocean Cargo supply to maintain a low level.

On the whole, “Harvey” hit the United States caused floods, resulting in the local part of the styrene plant shut down or down to bring a substantial decline in production, leading to recent exports blocked, relatively speaking, for the supply of the tight European market The impact of more direct, cut-off before the European spot styrene valuation has soared to 1488.5 US dollars / ton FOBARA, the last round of highs in the March 7 closing 1498 US dollars / ton FOBARA.

For China, traders have already predicted that there is little support for ocean-going cargo arrivals from Asia in September-October due to a decline in China’s supply in China in 2017, which has been affected by changes in arbitrage windows in Europe and the United States earlier in Europe and the United States. Short-term supply of styrene in China is not a big change, a direct impact on the business optimistic about the market to enhance the expected, and a small amount of cargo in September to postpone the arrival of the problem. Moreover, the recent European and American market stage higher for the current round of Asian market strength provides a boost can not be ignored and has been reflected in the current price. Of course, the late recovery of the US device and the European market price trends, will directly affect the ocean cargo on the Asian region more long-term supply.

Which lasted 21 months, the United States Dow Chemical Company (DOW) and DuPont (DuPont) completed the merger, the new world’s largest chemical company was born.

Dow DuPont (NYSE: DWDP) announced on September 1 that Dow Chemical (DOW) and DuPont (DuPont) on August 31 successfully completed the merger. The merged entity is a holding company, titled “Dow DuPont”. According to the market value of the two companies, after the merger Dow DuPont market value of over 150 billion US dollars, more than the original chemical industry’s largest market value of BASF (BASF), a chemical company in the new global boss.

DuPont and Dow’s shares ended on August 31, 2017 at the end of the day (NYSE) on the day of trading day. September 1, Dow DuPont shares will be traded on the New York Stock Exchange, code DWDP. According to the merger agreement, Dow shareholders according to a fixed ratio of 1: 1 Dow stock converted to Dow DuPont stock; DuPont shareholders DuPont shares convertible 1.282 shares of Dow DuPont stock.

After the establishment of the new company will set up double headquarters, located in Michigan and Delaware. After the merger the company will have 16 directors, Dow and DuPont each accounted for eight. Andrew Liveris, Chief Executive Officer and CEO of Dow Chemical, is the former executive chairman of Dow DuPont, and DuPont President and Chief Executive Officer Edward Breen is the CEO of Dow DuPont.

The two sides said that in the 18 months after the merger, Dow DuPont will be divided into three independent companies, were engaged in agriculture, specialty products and chemical materials. The board of directors of both companies is reviewing the plan to determine that the spin-off portfolio will create the greatest value for shareholders. Dow and DuPont announced the merger for the first time in December 2015.

“The history of our two companies is well known, and today is an important milestone in this history, and we have completed this merger in the transition process and will be further split into three,” said Li Weicheng, executive chairman of Dow DuPont. Industry leading, independent listed companies, we are very excited about this. ”

“The completion of this merger is a decisive step for our shareholders, customers and employees, and we will build a better future based on sustainable growth and innovation,” said Tom Duh, CEO of Dow DuPont. Value, embrace greater opportunities. “The merger transaction is now complete, the next focus is to determine the final organizational structure, as the three plans to split the foundation of a strong company, while focusing on how to play a common optimization effect , Thus releasing the value.

In recent years, large-scale chemical industry restructuring. In June, Chemchina completed the acquisition of seed giant Syngenta, a bayer of Bayer’s acquisition of Monsanto, which is in progress.

DuPont was founded in 1802 and headquartered in Wilmington, Delaware, USA. Its business includes: electronic materials, electronic communications, crop protection and so on.

Dow Chemical was founded in 1897 and headquartered in Midland, Michigan, USA. Its business scope includes: functional products, high-tech materials, basic materials, health and agricultural technology.

September 1, the London Metal Exchange (LME) aluminum prices hit the highest since February 2013, nickel hit a nine-month high, after steel prices rose further, and the largest metal consumer China’s manufacturing data is strong.

London time on September 1 17:00 (Beijing time on September 2 00:00), indicators of three-month aluminum closed up 0.9 percent higher at $ 2,136 per ton, intraday hit in February 2013 to the highest 2,145 US dollars The

Three-month copper closed up 0.7 percent at $ 6,835 a tonne, and Thursday’s copper hit $ 6,872 in September 2014.

“The steel sector continues to lead the base metal market, and today the other major factor is China’s continued supply side reform and its economic data,” said Gianclaudio Torlizzi of T-Commodity, a consulting firm.

Shanghai rebar contract rose to 6% on Friday, the largest increase since April 2016, by China’s industrial activities to further enhance the signs of boost. Shanghai Futures Exchange main rebar futures closed up 5.48%, reported 4062 yuan per ton.

Nickel and zinc are mainly used in the steel industry, so the price is closely related to steel prices.

China’s manufacturing data also boosted industrial metal prices. China’s New Manufacturing Purchasing Managers’ Index (PMI) continued to improve in June, rising to a six-year high, boosting export orders and boosting prices.

China’s New Manufacturing Purchasing Managers’ Index (PMI) in May was 51.6, up 0.5 percentage points in July, the highest since February, indicating that the manufacturing sector as a whole is running well. This trend is consistent with the National Bureau of Statistics manufacturing PMI. China’s official manufacturing PMI rose to 51.7 in August, compared with 51.4 last month.

Stéphanie Aymes, head of technical analysis at Societe Generale in France, said nickel prices could fall and challenge at $ 10,933.

Three-month nickel climbed 2 percent to $ 12,035 a tonne, up from $ 12,095 in November.

Among the other base metals, the three-month zinc rose 1.2% to $ 3,185 per tonne.

The three-month lead change was little, up $ 1 or 0.04% at $ 2,395 per tonne.

Three-month tin fell 0.22 percent at $ 20,625 a tonne.