According to Dow Jones on March 27, Diversified Gas & Oil said Wednesday that it had agreed to buy some assets from HG Energy II Appalachia and that some of the funds would be raised through a rights issue.

The energy company said it agreed to buy assets from HG Energy for $400 million, including 107 unconventional gas production wells in Pennsylvania and West Virginia.

The daily production of these wells totals more than 20,000 barrels of oil equivalent.

On March 26, the ammonium nitrate commodity index was 107.02, which was the same as yesterday. It was 9.63% lower than the cyclical peak of 118.42 points (2019-01-15), and 38.32% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the price trend of domestic ammonium nitrate Market has maintained a low level. Affected by environmental protection control, domestic ammonium nitrate plants shut down more, and domestic ammonium nitrate plants started less. However, with the warming of the weather recently, the influence of northern air limitation disappeared. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field has declined. As of the 27th, domestic ammonium nitrate market price negotiations in 1900-2100 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site is weak.

Recently, the domestic nitric acid price trend is temporarily stable, up to 27 days, the market price is 1560 yuan/ton. The stable trend of nitric acid price has little effect on the ammonium nitrate market, while the price trend of ammonium nitrate has slightly declined. The price trend of upstream raw material liquid ammonia has risen slightly, up to 27 days, the market price of liquid ammonia is 3460 yuan/ton. The rising trend of upstream raw material price has a certain positive impact on the ammonium nitrate market. Ammonium nitrate market price trend slightly lower. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market has slightly declined due to the bad market. Ammonium nitrate analysts believe that the price of raw materials in the upstream market has risen slightly in the near future, but the demand in the downstream is not good, and the market price of ammonium nitrate in the later period is expected to be shocked.

According to data released by the Indian Ministry of Coal and Indian Coal Corporation, India’s coal output in January-February 2019 was about 133 million tons, an increase of 34.26 million tons, or 2.6% over the same period last year. Among them, the output of Indian Coal Company (CIL) was 153 million tons, an increase of 3.6% year on year; the output of Singh Coal Mine Company (SCCL) was 12.3 million tons, a decrease of 3.1% year on year; and the output of Lignite Company (NLC) was 54.66 million tons, a decrease of 3.9% year on year.

According to statistics released by Mongolia’s National Statistical Office, Mongolia’s coal output from January to February 2019 was 8 million tons, an increase of 23.1% compared with the same period last year, and its coal export was 6.24 million tons, an increase of 19.0% compared with the same period last year. Among them, coal output in February was 3.863 million tons, an increase of 44.7% compared with the same period last year; coal export was 4.076 million tons, an increase of 25.5% compared with the same period last year.

On March 24, the PX commodity index was 72.00, unchanged from yesterday, down 29.69% from the peak of 102.40 points in the cycle (2013-02-28), and up 58.07% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has started a line. CNOOC Huizhou Refinery and Chemical Plant has been overhauled. Other units have been running steadily for the time being. The domestic market supply of p-xylene is normal. The market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On March 22, the closing price of p-xylene in Asia dropped by 12 US dollars per ton. The closing price was US$1027-1029 per ton FOB in Korea and US$1046-1048 per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a positive and negative impact on the domestic market price of p-xylene, and the price of p-xylene in the market fluctuates.

On March 22, the price of WTI crude oil in May fell to 59.04 US dollars per barrel, a drop of 0.94 US dollars. Brent crude oil in May fell to 67.03 US dollars per barrel, a drop of 0.83 US dollars. The fluctuation of crude oil price has little impact on the price of downstream petrochemical products, and the price of xylene Market is stable temporarily. Recent textile industry volatility, PTA price trend temporarily stabilized 25 days, the average price of East China bid in the vicinity of 6500-6650 yuan/ton, as of 25 days domestic PTA start-up rate is about 84%, polyester industry start-up rate is about 80%, downstream production and sales rate has risen, but PTA market prices rose slightly, it is expected that PX market prices will remain volatile in the later period.