The oil market is still in a critical period of consolidation, means that the probability of occurrence of large fluctuations in the increase. As of Friday (October 21st) the closing price of crude oil rose $0.37, or 0.73%, at $51 / barrel, amid hopes of Russia and the organization of Petroleum Exporting Countries (OPEC) to reach an agreement in support of the oil market at the weekend to keep oil prices above $50. The oil market is not lack of good news, Russia reached an agreement with the OPEC is expected to boost oil prices, but the complexity of the political and geopolitical inventory has seriously affected the judgment of the market, $50 has become a mark in October, the future may close up the boundless plain.

Oil shocks, toluene does affect the market trend, the shock has become the new norm of toluene. The market, short-term market procurement activities toluene become more conservative and cautious, weak futures market has affected the market trend, to discuss the long-term decline is particularly evident, price level showed a rapid decline, also caused a panic in the market. But the whole east main market resource is still in the relatively tight state, especially in the supply of goods to Hong Kong customs clearance time to focus on this weekend’s background, a hand in the active futures resources inquiry, and triggered a strong sell market sentiment. The domestic real estate prices, driven by two benzene solvents, paint industry downstream consumption, which promotes the market tight supply market.

In late October, the east port inventory toluene relatively tight pattern, but with the cargo has returned to Hong Kong, especially toluene market supply tension eased gradually; oil market and other fine chemical digestion amount is lower. At present, the supply side still support, limited downside risk, while the external disk hanging pattern, low dollar is still not ruled out once again the impact of confidence in the domestic market, the domestic market will be short-term is expected to maintain a narrow range of toluene.

chemicals at home and most of the fire is TDI, the weekend average ex factory price of 45125 yuan / ton, or 7.28% weeks, although the momentum has slowed, but the medium term, nearly three months rose 206.5%. Super rally practitioners eye drop, called “can’t afford”, analysts are criticized, vowed a broken bubble will cliff. The reason why TDI prices in general are not optimistic, on the one hand is the supply and demand side and no real change, but speculation turns, on the other hand is the cost surface is not solid, toluene market come back after the good start, last week had stalled again, concussion is really difficult to break.

The domestic market as a whole fell toluene narrow, until the weekend, the market price is stable at 5540 yuan / ton, the mainstream of East China toluene market transactions 5420-5450 yuan / ton, Southern China market focus back up slightly; toluene about 5700-5750 yuan / ton, mainstream factory price steady, the market in general, including Maoming Petrochemical stocks for 1000 tons of toluene North China; general Beijing talks, discuss the market in 5950-6000 yuan / ton, Shandong to discuss the market 5650-5700 yuan / ton, the downstream businesses demand procurement, the overall turnover remained weak.

The report pointed out that in the forefront of technology of traction and the domestic and international market demand pull, bio industry development contains significant development prospects and investment opportunities, resource utilization, microbial biomass mining solutions, new tools and technology platform for the development of new, efficient diastases, application of biological chemicals module construction, high value-added chemicals biosynthesis become the next hot spot for investment.

Report analysis, bio based materials and chemicals (excluding biomedical products) replacement rate gradually increased, the expected 2020 sales revenue in all materials and chemicals market sales revenue ratio will reach 10% – 12%; fine chemicals (including fermentation products) output is expected to significantly increase, to more than 1 trillion yuan in 2020 (bio based materials; monomer containing) capacity steadily, to reach 11 million in 2020 to 13 million tons, an average annual growth rate of 12% – 15%; the application of green biological agents in papermaking, textile, metallurgical and environmental governance and other aspects of the penetration rate of sustained growth, in 2020 to reach more than 30%.

China Academy of sciences relevant responsible person said, “Chinese Bio Industry Investment Analysis Report” will be issued once a year, continued to carry out the analysis of international and domestic biological industry development trend, and strive to become the field of China Bio industrial value investment guide.

Ethylene glycol futures market can help enterprises to deal with price volatility, that since 2010 the glycol futures listed on the appeal.

The current situation of the development of China’s ethylene glycol market:

At present, the domestic ethylene production capacity of 8 million 800 thousand tons / year, the main production process with ethylene and coal preparation, accounted for the production of ethylene glycol 60% and 40%. benefit from international oil price decline, is the main force of domestic ethylene glycol production, and production enterprises are mainly Sinopec and PetroChina’s subsidiaries. Among them, Sinopec accounted for total domestic production capacity of 38%. in recent years, with the development of the lower coal prices and coal glycol technology, coal glycol production capacity is also rapidly running. According to statistics, ctmeg projects put into production in 2015 amounted to 1 million tons / year, the project is also a lot of follow-up.

The domestic spot market supply and demand situation of ethylene glycol:

China is the world’s largest producer of polyester, is also the largest consumption country of ethylene glycol, ethylene glycol demand accounted for about 40% of total demand, and the external dependence is as high as 70%.2015 years, China’s ethylene glycol production of about 3 million 916 thousand tons, imports about 8 million 772 thousand tons, apparent consumption of about 12 million 667 thousand tons.

According to the price range of computing in 2015, the stock market funds amounted to 100 billion yuan. Data show that from 2010 to 2015, the average price fluctuations of ethylene glycol ethylene glycol was 50%, in 2015 the highest price of 8060 yuan / ton, the lowest price is 4155 yuan / ton, up to 49%. amplitude over the same period, PTA price volatility only 24%. severe price volatility exacerbated polyester enterprises procurement risk.