Bangladesh is bidding for 1.425 million tons of petroleum products in the first half of 2019

According to Reuters reported on October 16th Dhaka, an international bidding document issued by Bangladesh Petroleum Corporation (BPC) shows that it will import up to 1.425 million tons of refined oil in the first half of 2019.

The state-owned company is looking for 1.06 million tons to 1.18 million tons of gasoline with a sulfur content of 500 parts per million, and 80,000 to 120,000 tons of high-sulfur fuel oil, 110,000 tons of jet fuel and 15,000 tons. 95 octane gasoline.

The tender will end on October 25 and will be valid until February 25, 2019.

A senior BPC official said that delivery will be phased in the first half of 2019. He told Reuters that some of the quantities would be imported through separate regular transactions but did not provide detailed information.

After 15 years of disruption, BPC resumed the tender for long-term contracts in February 2016 and negotiated with fuel product suppliers during this period.

The company hopes to abandon direct deals and instead buy them at a lower price through international tenders.

POLYVINYL ALCOHOL

October 15th LME Metal Review

London, October 15 news, the London Metal Exchange (LME) lead jumped to a six-week high on Monday, helped by the weak dollar and declining inventories, but Sino-US trade tensions continue to put pressure on most metals.

PVA 1788 (PVA BP17)

At 17:00 on October 15th, London time (00:00 on October 16th, Beijing time), LME three-month lead closed 1.6% higher at $2,085 per tonne, hitting the highest of $2,116 since September 4. Last Thursday, lead fell to the lowest of $1,876 in two years.

Colin Hamilton, head of commodities research at BMO Capital Markets, said: “Because China has such a long time for import arbitrage, people are a bit concerned about the lack of inventory.”

What he refers to is the price difference between the previous period and the LME, which determines whether the shipment to China can be profitable.

But concerns about the negative impact of the tit-for-trade tariffs between China and the United States on metals remain, although China’s September trade data released last week showed that its resilience was stronger than expected.

LME registered warehouses reduced lead registered warehouse receipts by 2,550 tons to 65,550 tons, while Shanghai Futures Exchange warehouse stocks fell to 11,172 tons, the lowest level since early July.

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The fall in the dollar has made dollar-denominated commodities relatively affordable for investors holding non-dollar currencies.

China’s unwrought copper imports rose to a two-and-a-half-year high in September, while copper concentrate imports climbed to record highs as China’s tightening of scrap metal imports caused a surge in demand for copper. China is the world’s largest consumer of metals.

According to data released by the General Administration of Customs on Friday, China’s copper imports such as anode copper, refined copper, copper alloys and semi-copper products increased by 24% to 521,000 tons in September from the previous month.

Imports in September increased by 21.2% from the same period of the previous year and reached the highest level since March 2016.

Imports of copper concentrates and copper ores increased by 16.3% to 1.93 million tons in September, a record monthly high and an increase of 21.2% over the same period last year.

LME copper stocks have fallen since August, while Shanghai copper stocks have risen, reflecting China’s increase in copper imports after restricting scrap imports.

LME three-month copper closed roughly flat at $6,301 per tonne.

Three-month aluminum fell 0.7% to $2,027 a tonne.

Three-month zinc fell 1.7% to $2,599 a tonne.

Three-month tin rose slightly by 0.1% to $19,145 per tonne.

Three-month nickel fell 0.3% to $12,615 a tonne.

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October 11 China’s domestic soda ash consolidation market

According to the survey data of the business community, the average price of domestic soda ash on October 11 was about 1,868.57 yuan / ton. The light soda ash commodity index on October 10 was 95.82, which was the same as yesterday, which was 18.70% lower than the highest point of 117.86 points (2017-11-21) in the cycle, which was 51.73% higher than the lowest point of 63.15 on November 18, 2015. . (Note: Period refers to 2011-09-01 to date)

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On October 11th, the domestic soda ash consolidation market was running. The price of soda ash in Hebei is temporarily stable. The price of light soda ash in the mainstream market is about 1750-1850 yuan/ton, and the weight of soda ash is 1850-1950 yuan/ton. The downstream is mainly based on demand, and it is expected that the price will be narrower in the later period. Quotes run. The price of soda ash in Henan is running smoothly. The price of light soda ash in the mainstream market is about 1800-1850 yuan/ton, and the weight of soda ash is 1850-1900 yuan/ton. The overall transaction price is more flexible. It is expected that the current trend will continue in the later period. The operating rate of the national soda ash industry is nearly 80%, and some manufacturers are nervous due to orders. At present, the inventory of soda ash producers remains low.

The soda analysts of the business community believe that the demand for downstream users in the National Day holiday is flat, the industry has a bullish mentality, and downstream users are holding a wait-and-see attitude toward soda ash. Soda ash manufacturers limited signing, plus individual manufacturers’ orders, the overall focus of user purchases has been raised. The new production lines in the glass industry have been put into production and increased demand. The Shahe area has closed down the production line due to environmental protection. The overall demand for soda ash industry in printing and dyeing is stable. The comprehensive situation is expected to be soda ash or flexible price adjustment, depending on the downstream market demand.

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Profits in chemical raw materials and products increased by 25% in the first eight months

According to the financial data of industrial enterprises released by the National Bureau of Statistics on September 27, from January to August of 2018, the total profit of industrial enterprises above designated size increased by 16.2% year-on-year. Among them, chemical raw materials and chemical products manufacturing increased by 25%.

From January to August, among the industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 1,347.3 billion yuan, a year-on-year increase of 26.7%; collective enterprises realized a total profit of 13.92 billion yuan, an increase of 3.2%; joint-stock enterprises realized a total profit of 3,132.39 billion yuan, an increase of 20.1 %; foreign and Hong Kong, Macao and Taiwanese investment enterprises realized a total profit of 1,090.64 billion yuan, an increase of 7.6%; private enterprises realized a total profit of 1,148.56 billion yuan, an increase of 10%.

From January to August, the mining industry realized a total profit of 388.05 billion yuan, a year-on-year increase of 53.2%; the manufacturing industry realized a total profit of 3738.23 billion yuan, an increase of 13.5%; the power, heat, gas and water production and supply industry realized a total profit of 298.59 billion yuan. Growth of 13.5%.

From January to August, among the 41 major industrial sectors, the total profit of 34 industries increased year-on-year, and 7 industries decreased. The profit of major industries is as follows: total profit of coal mining and washing industry increased by 16.6% year-on-year, oil and natural gas mining industry increased by 4.4 times, agricultural and sideline food processing industry increased by 2.4%, textile industry increased by 1.2%, oil, coal and other fuels added. Industrial growth of 32.4%, chemical raw materials and chemical products manufacturing increased by 25%, non-metallic mineral products industry increased by 46.1%, ferrous metal smelting and rolling processing industry increased by 80.6%, general equipment manufacturing industry increased by 8.3%, special equipment manufacturing industry increased by 23.7 %, electrical machinery and equipment manufacturing grew by 2.2%, computer, communications and other electronic equipment manufacturing grew by 3.2%, power, thermal production and supply increased by 14.6%, non-ferrous metal smelting and rolling processing fell by 13.8%, automotive manufacturing Decreased by 2.1%.

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From January to August, the industrial enterprises above designated size achieved a revenue of 68.8 trillion yuan, a year-on-year increase of 9.8%; the main business cost was 58 trillion yuan, an increase of 9.4%; the profit from the main business income was 6.43%, a year-on-year increase. 0.35 percentage points.

At the end of August, the assets of industrial enterprises above designated size totaled 110.9 trillion yuan, a year-on-year increase of 7.5%; the total liabilities were 62.8 trillion yuan, an increase of 6.6%; the total owner’s equity was 48.1 trillion yuan, an increase of 8.6%; the asset-liability ratio was 56.6%. Reduced by 0.5 percentage points year-on-year.

At the end of August, accounts receivable of industrial enterprises above designated size were 14.1 trillion yuan, up 11.6% year-on-year; finished goods inventory was 4,284.06 billion yuan, up 9.8%.

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From January to August, the cost per 100 yuan of main business income of industrial enterprises above designated size was 84.39 yuan, a decrease of 0.35 yuan year-on-year; the cost per 100 yuan of main business income was 8.23 yuan, a decrease of 0.02 yuan per year; The main business income realized by the assets was 95.2 yuan, an increase of 2.1 yuan year-on-year; the per capita main business income was 1.28 million yuan, an increase of 145,000 yuan; the finished goods inventory turnover days were 16.9 days, which was flat year-on-year; The period was 46.5 days, an increase of 0.4 days.

In August, industrial enterprises above designated size achieved a total profit of 519.69 billion yuan, a year-on-year increase of 9.2%, and the growth rate slowed by 7 percentage points from July.

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The lactam market has fluctuated upward (9.17-9.21)

First, the price trend

According to the data monitoring of the business community’s big list, this week, the caprolactam market rose slightly. The domestic liquid caprolactam average price was 17060 yuan/ton at the beginning of the week, and the weekend average price was 17100 yuan/ton. The price was raised by 40 yuan/ton, or 0.23%.

PVA 0588 ( PVA BP05)

Second, the market analysis

This week, the caprolactam market fluctuated and rose. The liquid caprolactam in East China was around 17,100 yuan/ton. The market demand is general. Some manufacturers have reduced production due to equipment failures, and the operating rate has dropped slightly. The downstream purchases are more on-demand. The market spot inventory is tighter and the negotiation atmosphere is better.

Industry chain: It is understood that the terminal spinning shipment is still acceptable, the load capacity of the slicing manufacturers is slightly improved, and the demand for raw materials has increased.

Third, the market outlook

Business community analysts believe that the supply and demand environment of domestic lactam is good, and it is expected that the short-term market will maintain a shock consolidation trend.

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