According to TIRANA on May 24, Shell’s upstream Albanian B.V. company said on Friday that preliminary tests showed that its Shpirag 4 well in central Albania could produce thousands of barrels a day and more work was needed to determine its commercial production.

“We are pleased that these preliminary tests confirm the potential of this discovery and look forward to expanding our business in Albania,” said Marc Gerrits, executive vice president of Shell’s exploration business.

The company added that well Shpirag 4 West of Bellat confirmed the flow potential of a large number of light oil discoveries.

Shell Albania said that under the same geological conditions as Italy’s large Val d’Agri and Tempa Rossa oilfields, more evaluations were needed to assess Shpirag’s commercial production.

The company plans to conduct extended production testing of well Shpirag 4 and more drilling to assess well Shpirag 3 and explore other wells to test its potential.

First, the price trend:

Second, the market analysis: Domestic market: This week, the market price of hydrogenated benzene is more stable, as of Friday, Shandong region, the mainstream quotation range of the hydrogenation of the market in 4150-4200 yuan/ton, the same as last week, the East China hydrogenated benzene market mainstream quotation range of 4350-4450 yuan/ton, compared with last week cut 50 yuan/ton. This week, hydrocracking Enterprises began to gradually resume, Shandong region Enterprises basically resumed construction, only Shandong Holy Transport and Shandong Jade Emperor device parking, another Shandong Jin energy 100,000/ton device started in about 75%, the basic return to normal production, Hebei region most devices resumed driving.

The overall market supply is more normal, trading stability. Industrial chain: Crude oil: Oil prices overall high volatility this week, closing oil prices fell sharply in Thursday. Pure benzene aspect: The message surface is basically smooth, to the spot market cost support is strong, the market low price resources are difficult to find, the merchant’s willingness to price is strong. Although the port stock has been lower, but the overall range is not small, the market influence is low. Constant force start load will gradually improve, downstream plant inventory is high, the willingness to take goods is low, the overall atmosphere is light. Although domestic inventory has a small drop, but the overall stock volume is still at a high of 23.24 million tons. Crude benzene aspect: crude benzene market offer rose slightly this week in east China this week’s tender prices rose by about 10 yuan/ton, most manufacturers prices stable. Market supply, the recent coking enterprise construction rate, Shanxi Shaanxi is affected by environmental protection overall in about 70%, Shandong region slightly higher in about 80%, Hebei region by air quality impact slightly lower in 60%. As of Friday, Shandong region processing crude benzene quotation stable quotation range in 3250 yuan/ton, Shanxi region processing with crude benzene price stable in 3100-3150 yuan/ton.

Inner Mongolia area processing with crude benzene quotation stable quotation in 3000 yuan/ton.

Third, the trend forecast: Recently, Hydrocracking Enterprises have resumed construction, the field supply increased, but pure benzene port inventory is still increasing, manufacturers of high turnover blocked, the actual transaction is limited. It is expected that the market consolidation of hydrogenated benzene is the main.

The Ammonium Nitrate Commodity Index of May 22 was 103.51, the same as yesterday, down 12.59% from 118.42 at the highest point in the cycle (2019-01-15), up 33.79% from the lowest 77.37 point on October 31, 2016.

(Note: cycle refers to 2013-02-01 to date). Recently, domestic ammonium nitrate market price trend is stable, affected by environmental control, domestic ammonium nitrate plant shutdown more, domestic ammonium nitrate device driving less, but recently with the warmer weather, the northern gas limit effect disappeared, coupled with the domestic downstream civil explosion industry all shut down, domestic ammonium nitrate manufacturers inventory more, the price trend in the field decline.

As of 23rd domestic ammonium nitrate market price negotiations in 1900-2050 yuan/ton, affected by environmental protection, so now many areas of manufacturers are forced to production restrictions or cut off maintenance for environmental inspection, the field ammonium nitrate price trend temporarily stable. Recent domestic nitric acid price trend temporarily stable, as of 23rd market price of 1633.33 yuan/ton, nitric acid price trend rise for ammonium nitrate market to bring a certain positive impact, ammonium nitrate price trend is stable; upstream raw material liquid ammonia price trend decline, as of 23rd northern region manufacturers offer to maintain at 3000-3500 yuan/ Ton interval, Northwest Territories quoted in 2800-3000 Yuan/ton up and down, upstream raw material price trend decline for the ammonium nitrate market to bring a certain negative impact, nitrate market price trend temporarily stable. Recently downstream civil explosion industry peak season, for the ammonium nitrate market demand weakened, ammonium nitrate manufacturers inventory increased, but the liquid ammonia market is also rising trend, ammonium nitrate market due to bad market low shock. Business Society ammonium nitrate analysts believe that the recent upstream raw material market price to maintain a shock, but downstream demand is not good, expected late ammonium nitrate market price or maintain low shock.

Domestic potassium sulfate market to maintain a stable situation, manufacturers of foreign quotes still continue the early price, green seawater salt system potassium sulfate factory production normal, traders price has not been adjusted, 50% powder to the station price in 2550-2580 yuan/ton, the goods relatively stable, temporary fluctuations.

Potassium sulfate domestic market steady promotion. Leading enterprises in the country of potassium Roche summer maintenance parking, planning and maintenance of 3 months long, reduce the domestic supply surface.

Refer to Loppo 52 powder spot to the station quotation 3150 yuan/ton, distribution traders preferential policies enjoy, the market mainstream out of the bank price of 2800 yuan/ton or so. Mannheim potassium sulfate aspect, Northwest Ning Enterprise 50 powder mainstream factory quotation 2800 yuan/ton, Northwest Water production Salt 50 powder outbound to the station quotation 2550-2580 yuan/ton, the actual offer is the negotiation prevail.

May 20 The Phenylanhydride Commodity index was 61.15, down 0.1 points from yesterday, down 49.1% from 120.13 at the highest point in the cycle (2012-02-28), up 48.42 from its lowest point of 26.29% on January 21, 2016.

(Note: cycle refers to 2011-09-01 to date). Recently, the domestic phenylanhydride market price trend to maintain low, east China phenylanhydride Phenylanhydride Market to maintain a weak, downstream plant maintenance just need to purchase, factory inventory pressure continued, high-end transactions blocked, the field adjacent to the source of supply negotiations in the mainstream in 6200-6300 yuan/ton, naphthalene method source talks mainstream in 5900 yuan/ton

, North China Phenylanhydride market mainstream quotation in 6200-6300 yuan/ton, the market weak shock mainly, the price of each enterprise small decline, downstream construction is not high, on-demand procurement mainly, the wait-and-see mentality is thicker, the domestic phenylanhydride device operation is stable, the field phenylanhydride spot supply is normal, the goods market is not good, phenylanhydride price trend Yin fell. Recently, the upstream of Phenylanhydride products phthalic Sinopec implementation price of 6400 yuan/ton, the current market price of 6400 yuan/ton, the quotation decline, the port goods market in general. Upstream raw materials mixed xylene price shock stability, adjacent benzene volume in general, port phthalic inventory low, adjacent benzene foreign disk quotation stability, import of phthalates cost shock, the actual transaction price of the real order, the upstream price trend decline, phenylanhydride market price to maintain a weak. Downstream DOP prices are lower, DOP downstream demand in general, customer procurement enthusiasm is not good, DOP market mainstream transaction price of 7650 yuan/ton or so, after the fall pressure of DOP still exist, downstream prices slightly lower, for upstream phenylanhydride demand is limited, phenylanhydride market price slightly lower, The expected late-stage phenylanhydride market price may be around 6200 yuan/ton.