In early May, crude oil hit, oil prices fell all the way down, as of May 4 closing WTI to 45.52 US dollars / barrel, Brent to 48.38 US dollars / barrel, a single day decline of nearly 5%. May the first week of the domestic black futures led the decline in bulk chemical futures fell, the commodity market sentiment worsened. In the environment and international energy are released under the guidance of bad, ethylene glycol thriving, out of the first week of May exclusive eye-catching market.

From the beginning of the disk in early May, electronic futures futures in the low shocks, the decline has been more obvious from March to April contraction, and from the MACD K line analysis, the end of April to early May has been negative by the positive Value, the market bulls in the recovery increased, shortening significantly reduced contraction. But this only represents the market trend in early May.

According to industry information revealed that the second quarter of 2017, a chemical fiber enterprises in Zhejiang completed the merger of the two factories merged, involving polyester upstream and downstream industries, in order to speed up the acquisition of Zhejiang chemical downstream of the start of the progress, in early May on the ethylene glycol raw materials Carried out sweep goods procurement, the market a lot of buying to boost the long atmosphere, which is good news in early May ethylene glycol. In addition, according to market sources, in early May ethylene glycol futures market again to discuss the futures market news once again boost the market fermentation, which is good news in early May ethylene glycol two. Comprehensive news side of the positive boost, in early May ethylene glycol in the bulk of the situation, still able to maintain a strong upward trend is imperative. However, the positive news of the message may only maintain a relatively short period of boost, in the domestic bulk Pudie and the impact of the international energy crash in the upper reaches of the chemical futures market in May weak tone, ethylene glycol market fear of drought.

Long line to see, ethylene glycol still need to focus on bulk, fundamental news. Oil prices fell badly bullish market, but the current high price of ethylene in ethylene, ethylene ethylene glycol has been facing the highest loss during the year, from the cost point of view, ethylene glycol continued to fall the space is limited, rebound repair obvious. May there is still a large factory in accordance with the planned maintenance, supply on the existence of tight expectations, good late ethylene glycol trend. Comprehensive view, oil prices, bulk, supply performance long and short game, ethylene glycol rebound opportunity, but the trend of reversal is poor, especially in early May of the strong rebound, may be in the bulk of the pressure in the late to take. Analysis of the current rational control of the proposed position, in a large bearish situation short time catch up.

Enter the value of investment range

Since mid-February, plastic futures continued to adjust to the commodity market, as of April 24, plastic futures 1709 contract fell to 8525 yuan / ton, compared with mid-February fell 2145 yuan / ton, the end of 2015, the rate of increase Fell 60%. We believe that in the 8500 yuan / ton value of the investment range, the plastic market, bullish factors are gradually accumulating.

PVA 

The financial sector to leverage the impact of commodities weakened

Since the end of last year, in order to cope with the real estate and financial sector bubble, the central bank in the case of economic growth has taken a tight tight monetary policy, the stock market and commodity markets weak down. We believe that the central bank’s main task this year is to prevent risks and financial areas to leverage and encourage funds to the real situation, regulators do not want to see the financial sector, financial constraints on the physical business have a negative impact, with the central bank to take the initiative to market flow As well as the central bank level position does not want the market overshoot, the financial sector is expected to leverage the negative impact on commodities weakened.

pva fiber

Crude oil prices are expected to support fluctuations by rising prices

The recent panic of the Saudi prince on the crude oil market led to a significant decline in oil prices, but the early May oil market oscillation adjustment is conducive to the May 25 OPEC oil-producing countries to extend the agreement, so as to the second half of the crude oil market supply and demand balance to provide a solid Guarantee. In addition, from a global perspective, is currently in the seasonal off-season consumption of crude oil, but June-August global consumption of crude oil demand will increase by 2 million barrels / day level, the US crude oil consumption has also entered the seasonal Consumption season, the United States continued record high new commercial crude oil inventories will peaked down, high inventory of oil prices will gradually weaken the role of pressure, with the late May oil producer to extend the expected further warming, is expected to continue international oil prices Fluctuate up.

Plastic market supply contraction is expected to be thicker

April to May, Petrochemical has entered the seasonal maintenance cycle, and into May, Qilu Petrochemical, Fushun Petrochemical, Yangzi Petrochemical, etc. have greater efforts to overhaul the program, which will exacerbate the domestic supply of LLDPE market contraction expectations. New equipment, the transit of the two PE equipment to build the main production of LDPE, LDPE and LLDPE spread is still relatively high, LDPE new production capacity of the impact of the linear market is limited.

From the import market point of view, foreign new PE device plans to put into operation in the second half and probabilistically delayed to the fourth quarter or 2018 years. And the current plastic market, the internal and external disk prices continue to rise in the upside down situation, and since February the plastic market downturn is not conducive to the release of the enthusiasm of traders import, 5-6 months is still the traditional import off-season, is expected in the second quarter of plastic imports A quarter will be a sharp decline.

From the demand point of view, the current demand for agricultural film film is basically over, only part of the factory according to the order of sporadic production, and the overall demand for packaging film in the weak, but the continued decline in the plastic market after the Spring Festival to suppress the release of some terminal needs, and the terminal Raw material inventory at a relatively low level, when the plastic spot price fell to 8500 yuan / ton since the end of 2015 since the low level, the latter part of the supply reduction is expected to stimulate the plastic downstream enterprises get goods enthusiasm.

PVA 1788 (BP17)

Petrochemical stability will help trade links to inventory

After the May Day, petrochemical stocks accumulated to 87.5 million tons of medium level; delivery warehouse receipts for 203, at the same time in the history of low level, in view of the main 1709 contract flat water spot, the late futures market warehouse receipts pressure The On the other hand, after the Spring Festival, traders imported a large number of long-term cargo, but in the continued decline in the market, one after another to the port of imports more difficult to digest, which prompted the domestic plastic port stocks continue to run at high levels, trade Links take goods poor, petrochemical to inventory effect is not ideal. But with the petrochemical installation in May to increase the intensity of the increase and the late imports of the reduction is expected in the current 8500 yuan / ton line of market prices, petrochemical prices and confidence will be significantly strengthened, the late petrochemical prices to promote steady And drive the terminal enterprises to take the initiative to make up the probability of inventory is too large, which will help the trade links to inventory.

On the whole, with the financial sector to leverage the impact of the negative effects of commodity bad impact weakened, and the plastic market to gradually reduce the supply of late, plastic futures or oscillation strong operation.

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May 4, the Chinese Consumers Association announced the market’s major brands of latex paint products, environmental protection and functional comparison of the results of the experiment, part of the latex paint claimed to have a basic function of purification of formaldehyde, but the role is limited.

PVA

This comparison test sample by the Chinese Consumers Association staff as an ordinary consumer in the market at random purchase, the product name trademarks involving Dulux, Nippon, Carpoly, morning sun, three trees, are Fang, Bauhinia, Fuya, Laiwei, Signeo, PIGROL, TIKKurila, California and other brands, a total of 20 samples. 20 samples are white paint. In the sample, there are 3 samples of the standard children’s paint, and there is a sample of the stain resistance performance, and there are 14 samples with anti-fungal properties, 11 samples of formaldehyde purification function.

Polyvinyl alcohol fiber

Comparison of the test based on “interior wall stain resistant latex paint” “indoor air purification function coating material purification performance” “antibacterial coating” “elastic architectural coatings” “building anti-graffiti anti-paste coating” and other standards, the coating coating appearance, Contrast ratio, scrub resistance, stain resistance, formaldehyde purification performance, anti – mold performance, tensile strength, elongation at break, anti – graffiti and other items were tested.

PVA 1799

The results show that the vast majority of the sample cover the strong performance of the sample stain resistance performance is different, there are 13 stain resistance better. One of the children’s paint showed stain resistance performance, the other 19 samples, although not express the performance, but there are 12 stain resistance performance is also better. From the test results, the purchase of children’s paint samples have a good stain resistance.

PVA 1788

According to the standard requirements, latex paint scrub resistance performance to be washed after 2000 times the film is still not damaged in order to meet the requirements. 20 samples of 2 samples were washed after 2000 times the film was scratched, respectively, from the Jingdong Mall purchased the nominal three tree paint Co., Ltd. and from the Shilihe Min Le building materials market to buy the nominal Beijing Fuya paint Limited latex paint. Other samples performed well.

The test results also show that the comparative test samples have good anti-fungal properties. 20 samples of 19 samples in the test anti-fungal performance for the Ⅰ, 1 sample in the test anti-fungal performance for the Ⅱ level. In the 20 comparative test samples, 14 samples claimed to have anti-fungal function, the anti-mildew grade reached grade Ⅰ, the rest did not claim to have anti-fungal properties, but also good anti-fungal properties.

After testing, there are 13 samples of formaldehyde purification function, of which 11 claimed to have formaldehyde purification function, its publicity is basically true. Need to remind is to remove the indoor air formaldehyde, the role of net aldehyde latex paint is limited, the selection of environmentally friendly decoration materials is the most fundamental way.

http://www.pva-china.net

EU foreign ministers through a draft, decided to terminate the anti-dumping investigation procedures for Chinese polyvinyl alcohol  (PVA), the collection of temporary anti-dumping duties to be exempt.

The high cost of raw materials prices rose 30% to boost enterprise tire
Abstract: the Spring Festival return, tire factory price notice again all over the sky flying, why most prices for raw materials to tire pressure. According to the monitoring data zhuochuang, as of February 14, 2017 compared to the same period last year rose 97.78%, natural rubber, styrene butadiene butadiene rose 175.93%, rose 216.34%. Zhuochuang statistics, affected by this, since October 2016, currently part of tire enterprises has reached up to 30%. See details []

Xinjiang a chemical company of calcium carbide furnace explosion killed 2 people and injured 3 people

Abstract: according to the State Administration of production safety supervision website news, report the Safety Supervision Bureau of Xinjiang autonomous region, February 12th at 6:58 PM, the Xinjiang autonomous region of Changji, Xinjiang Yihua Chemical Industry Co. Ltd. carbide Division No. 5 calcium carbide furnace processing surface occurs when the space explosion, killing 2 people were killed and 3 people injured, 5 people were slightly injured, the accident the disposal site has ended. See details []

The domestic polyester plant changes before and after the Spring Festival 2017

Abstract: Recently, polyester plant shutdown gradually restart before the Spring Festival, according to a UN incomplete statistics, as of February 10th, polyester production capacity to restart this week in the vicinity of 2 million 705 thousand tons, accounting for about 50% of the capacity shut down before the Spring Festival, but after the Spring Festival is still the mainstream polyester plant downtime, so this week the polyester industry operating rate does not rise obviously. See details []

Local trends

The power battery industry by raw material prices and overcapacity plagued pains

Abstract: the recently released data show that in January 2017 the new energy passenger car sales of 5400, up sharply down 61%. national passenger car association secretary general Cui Dongshu believes that in January the new energy car sales dropped, and before and after new year’s day before the introduction of the new deal subsidy, the promotion of new energy vehicles directory for retrial. See details []

Downstream of the slow recovery of methanol spot thinly traded external disk differences increase

Abstract: after the Spring Festival, the domestic demand slow recovery, mainland methanol prices decline, while port prices rising again, external disk differences increase. As of yesterday, the east port of methanol prices in 3200 – 3300 yuan / ton, the price of methanol in Northwest 2230 – 2250 yuan / ton, price continues to rise, in 970 – 1050 yuan / ton. See details []