27 increase in the number of Taiwan, Taiwan 85 years of decline; Canada rig count of 230

27 increase in the number of Taiwan, Taiwan 85 years of decline; Canada rig count of 230, a 30 increase in the number of weeks, a 56 increase in taiwan. The United States oil rig 498 weeks, a 21 increase in the number of Taiwan, Taiwan 26 years of decline. EIA Brent is expected in 2016 the average price of crude oil 43 dollars / barrel, 2017 $52 / barrel; 2015 U.S. crude oil production averaged 9 million 400 thousand barrels / day, is expected in 2016 to 8 million 900 thousand barrels a day in 2017 to 8 million 800 thousand barrels / day. Cold production meeting, plus short-term enforcement is not falsifiable, expected short-term oil prices in 50-60 dollars / barrel fluctuations, the first quarter of next year fall risk, long-term upward shocks.

Basic chemical:

Titanium dioxide: because of environmental events is CCTV exposure, Panxi titanium factory prices rose sharply, last week domestic titanium dioxide again price 800-1000 yuan / ton, the rutile titanium dioxide factory price 14800-15500 yuan / ton, anatase 12200-13000 yuan / ton. The environmental impact of production capacity of about 360 thousand tons, accounting for 11%, further aggravated the tense inventory. The limited acceptance of the market in the off-season, downstream prices, manufacturers mainly perform pre orders. Environmental verification and raw material prices, the price of titanium dioxide is expected to continue to rise.

Urea: last week, urea prices bottomed rebound slightly, upstream coal prices have gradually cooling, but the supply is still tight. Last week, the wholesale price of urea factory price rose 0.7%, 0.7% at 1455, 1515 yuan / ton.

Ammonia ammonia: last week, the market price rebound, the cost of raw materials by pushing up this week, ammonia prices rose 1.3% at 2400 yuan / ton. Glyphosate glyphosate: this week the market prices strong rise, increase the upstream area of Hebei glycine supply gap, downstream overseas market overall wait-and-see, glyphosate prices rose 2.2% in the 23500 yuan / ton last week.