please review: the focus of butyl acetate to continue to rise, but have lower purchasing volume, user buying, manufacturers are in wait-and-see attitude, expected short-term market gains narrowed butyl acetate.

November 18th Yankuang Cathay chemical acetate factory price of 5350 yuan / ton, Nissan 600 tons, the actual turnover to discuss, can take the goods inventory, normal. Jiangsu Lianhai biological science and technology a set of ethyl acetate unitoperahon, daily output of 300 tons, the factory price of 5300 yuan / ton, inventory is acceptable, take the goods in good condition. Hebei Yingdu vaporization of an annual output of 500 thousand tons of acetic acid plant load into 7, Nissan 1000 tons near the surrounding stability, in 2650 yuan / ton, normal shipment.

Shandong jinyimeng operation in November 21st 150 thousand tons / year of normal butyl acetate device, Nissan 100 tons, butyl acetate factory price increased to 5950 yuan / ton, the actual transaction to discuss mainly the general inventory. The normal operation of butyl acetate plant in Shandong Yankuang 100 thousand tons / year, Nissan 500 tons, today the factory price of 5850 yuan / ton, take the goods in general. Shandong jinyimeng ethyl acetate price stability, factory price of 5350 yuan / ton of cash, the actual turnover is slightly lower. Linyi and Lianyungang for a total of 600 tons of Nissan near normal shipments.

Yesterday from South of Jiangsu of ordinary alcohol mainstream negotiate prices in 4500-4600 yuan / ton tax, anhydrous alcohol mainstream price to 5400 yuan / ton tax. Cassava alcohol market in Northern Jiangsu area within a narrow range, ordinary tax offer in 4400-4500 yuan / ton tax, high alcohol in 4650-4700 yuan / ton tax, ethanol mainstream price 5200-5300 yuan / ton tax. CBOT Chicago futures exchange futures prices of ethanol, ethanol 1508 price of commodity contracts. Shandong Yusheng Biotechnology Co. Ltd. edible alcohol price 4970 yuan / ton. Tangshan City Jidong solvent Co., edible alcohol price 5200 yuan / ton factory tax. Shandong ethanol market consolidation, ordinary wheat alcohol price mainstream discussion at 4800-4900 yuan / ton left.

Today (November 15th), Shandong alcohol market steady light finishing, ordinary wheat alcohol price mainstream discussion at 4800-4900 yuan / ton tax, general level of cassava ethanol price mainstream discussion at 4650-4700 yuan / ton tax, high corn alcohol mainstream discussion to 4900-4950 yuan / ton tax for. North Jiangsu cassava alcohol market volatility is not large, ordinary tax offer in 4400-4500 yuan / ton tax, high alcohol in 4650-4700 yuan / ton tax, ethanol mainstream price 5200-5300 yuan / ton tax.

Market analysis: at present, the winery downstream, pharmaceutical enterprises demand flat, firm turnover, market trading slightly light. The upper hand, corn prices low volatility on downstream; ethyl acetate market seriously relying on upstream international ethanol price shocks down.

Forecast: Recently, the domestic ethanol market has remained within a narrow range, the upstream reservoir in corn inventories increased, a large number of stale corn for consumption, domestic corn market supply pressure is not reduced, the downstream prices were little changed, the excess supply situation has not improved, the loss of support, leading to ethanol market prices, the actual delivery. In the short term is expected to continue steady light ethanol market trend.

please review: ethanol is widely used, available ethanol acetic acid, beverage, flavors, dyes, such as fuel. Medical treatment is also used with volume fraction of 70%-75% ethanol as a disinfectant, in the defense industry, health, organic synthesis, food industry, industrial and agricultural production has been widely used.

This small collection of relevant data, make analysis and forecast for the second half of the week this week ethanol market trend.

Trend summary: Recently, most of the domestic market has remained steady light in ethanol finishing.

Affiliation from the project, the central investment 19354 yuan, an increase of 2.6%, the growth rate down 4 percentage points over 1-9 months; local investment 465075 billion yuan, an increase of 8.7%, accelerating 0.2 percentage points.

From the construction of new projects and the situation, the construction projects with a total investment of 1022874 yuan, an increase of 9.1%, growth was flat with 1-9; the new construction projects with a total investment of 410913 yuan, an increase of 21.8%, the growth rate down 0.8 percentage points over 1-9 months.

From the funds in place, fixed asset investment funds 496675 yuan, an increase of 5.4%, the growth rate down 0.5 percentage points over 1-9 months. Among them, the state budget funds increased by 16.1%, the growth rate down 1.8 percentage points; domestic loan growth of 7.9%, the growth rate down 0.5 percentage points; funds fell 0.3%, the growth rate down 0.3 percentage points; utilization of foreign investment dropped by 20.2%, a decline narrowed by 0.8 percentage points; other funds increased by 32.5%, the growth rate down 0.7 percentage points.

The continued depreciation of the RMB is expected to reduce imports of ethylene glycol
24, the central parity of RMB devaluation of 132 points to 6.7690, refresh the lowest level in 6 years. Due to the U.S. economic recovery form better, leading to enhanced the overall trend of dollar, depreciation of the RMB is still some expected. Due to the continued depreciation of the RMB, the importer operation regression cautious market expectations or will reduce imports. The factors and the price conduction, external bulk overall performance strong, businesses are optimistic about the market outlook of ethylene glycol.

Ethylene glycol futures listed businesses, actively preparing for the

In mid October China Commission approved the Dalian commodity exchange futures of ethylene glycol project application, this means that the ethylene glycol from futures officially listed for trading is a step closer. In order to ensure a greater initiative in the futures market, the mainstream of glycol traders getting goods enthusiasm increased sharply, leading to the recent ethylene glycol market trading atmosphere.

Good profitability of the downstream polyester, receiving ability

The terminal weaving the recent good performance, the devaluation of the renminbi to trade orders increased, while the domestic double 11 stocking was driven by the downstream polyester sales good. According to the statistical information of treasure island, the various specifications of polyester filament market prices firm, “profit” have gone all the way, one of the most profitable FDY in 600 yuan / ton, the worst POY in 250 yuan / ton, DTY profit 400 yuan / ton. To enhance the profitability of the polyester, the formation of effective support for the price of raw material of ethylene glycol.

Overall, although the crude oil are still large uncertainties, but the domestic ethylene glycol has successfully exceeded 5500 yuan / ton mark integer, with the continuous depreciation of the RMB is expected to reduce imports, deposit. In addition, the polyester profit is acceptable, and the strong performance of the overall market is still in the periphery, a certain increase in space.