Praxair and Linde, the world’s two largest industrial gas groups, announced on June 1 that they had formally reached a deal. The new company will become the world’s largest supplier of industrial gases.

The two companies said the deal is expected to end in the second half of 2018, the two sides hope to merge the cost savings target to 1.2 billion US dollars.

Based on the results of the 2016 report, the new company operating income of about 29 billion US dollars, the current market value of more than 70 billion US dollars (66 billion euros).

The board of directors of the new company will consist of 12 members, and Wolfgang Reitzle, chairman of the board of directors of Linde, will become chairman of the new company. Praxel chairman and CEO, Steve Angel will become CEO. The new holding company will be incorporated in Ireland.

Linde shareholders held every 1 share of Linde shares can be exchanged for 1.54 shares of new companies, while the Praxair shareholders is 1: 1 to provide shares, so as to achieve about 50:50 split share.

According to the agency reported in London on June 2, market sources said on the 2nd, due to the shortage of supply of propylene in Europe led to the supply of the region interrupted, the EU is now seeking to import propylene from the United States.

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US propylene prices were assessed at 37 cents / gallon ($ 815 / t FD) compared to 8,3.5 euros per tonne (936.8 US dollars / ton) FD Northwest. The freight is fixed at about $ 90 to $ 100 per tonne.

Sources said supply shortages caused by both the European crackers and refineries have led the EU to seek propylene imports from the west. The source added that Europe had booked two ships of propylene from the US at the end of May. A shipping industry source said that one of the ship’s propylene cargo is booked by the French company.

Total Inc. said on May 24 that after the three-week strike, the company’s Feyzin cracker and refinery began a re-start process. However, it is unclear whether the Belgian Antwerp cracker has now been restarted after the planned repair is complete.

In the first three months of this year, the EU imported 11.0204 million tons of propylene, of which US imports were zero. According to the Eurostat, Europe imports propylene from Russia, Serbia and Brazil.

Market research firm MarketsandMarkets a report predicts that the special pigment market in 2022 will exceed 962.2 million US dollars, 2017-2022 compound annual compound annual growth rate of 5.3%. Paint, plastics, printing inks, the development of the cosmetics industry, pulling the growth of special pigments market.

- according to the classification of pigments, mainly metal pigments, pearlescent pigments and others.

- In accordance with the application, special pigments can be used mainly in paints and coatings, plastics, printing inks, cosmetics and so on.

Metal Pigments: The largest share of specialty pigments in the market

Metal pigments can enhance the appearance of the effect, brightness and access to metal effects. Metal pigments have been widely used in coatings and coatings and printing inks.

Paint and Coatings: Specialty Pigments The largest application market

The application of paints and coatings is estimated to account for the largest market share during the forecast period. It is expected that from 2017 to 2022, the value and quantity in this industry will usher in high growth.

Asia Pacific: The fastest growing region for specialty pigments

Factors contributing to the Asia Pacific region’s specialty pigments market are the need for differentiation and appearance in a variety of applications; the rapid development of the paint and coatings industry due to increased urbanization.

The main players of the special pigments include BASF (Germany), Clariant (Sweden), Huntsman (USA), Atlanta (Germany), Merck (Germany), Sudarshan Chemical Industries (India).

2014 full year lucrative, especially in the first half, the profit up to 1,300 yuan / ton. In 2014, thanks to the downstream PTA, the expansion of vinyl acetate and sec-butyl acetate production capacity increased significantly, and the actual demand consumption increased by 13% over the previous year. Although the output in 2014 also increased, but the new production capacity is mainly released in the second half, especially in the second half, especially in the second quarter, the major domestic large-scale plant plans to focus on internal and external maintenance, in short supply to promote acetic acid prices quickly higher, 4-6 months prices rose as high as 36% The But the raw material methanol in 2014 is a shock down the process, which is acetic acid manufacturers an important reason for high profits. The following are the same as the ”

And the second half of 2015 to 2016 in October acetic acid business loss sales, mainly by the impact of supply and demand. In the second half of 2014, the new production capacity of 650,000 tons of equipment put into operation after the normal operation, so the output will continue to increase in 2015. But the macroeconomic environment downturn, environmental protection, security and other increasingly stringent, coupled with the impact of policy, the downstream of vinyl acetate, sec-butyl acetate and PTA and other production has declined, the market supply and demand contradiction, acetic acid manufacturers more low-cost competition, substantial profit margins.

Until October 2016, the downstream of vinyl acetate, PTA and acetate and other new devices put into operation, as well as the operating rate picked up, the consumption of raw materials increased. In addition, the rebound in crude oil prices, as well as the domestic production capacity is obvious, commodity prices generally, the downstream and the terminal to follow the bulk of goods in the late autumn and early winter operating rate rise, the overall demand has improved, supply and demand contradiction, support acetic acid factory profits rebound.

It should be noted that the raw material of methanol is the East China market price as a sample. In the country’s 15 acetic acid factory, the vast majority of factories are equipped with their own methanol plant, raw materials, 100% self-supply or a small amount of mining. Raw materials, methanol, synthetic gas from different backgrounds, the original raw materials and raw materials of the glacial acetic acid plant in the profitability is still more obvious difference. Producers who need to take methanol and gas supply after 2015 are basically “caught in the survival of the” state, especially in the third and fourth quarter, some companies choose to reduce the domestic device started, the deployment of other regions more cost competitiveness Of the supply to supplement China’s supply. And its own supporting methanol production enterprises, the overall profit is still considerable, which is the industry operating rate remained at 7.5-8 into a high level of an important reason.

International Phosphate Market Overview of the week

On the eve of the important meeting, east of the Suez Canal, buying and selling both wait and see. Quantum and Pakistan Fauji signed 50,000 tons of diammonium orders, the arrival price of less than 360 US dollars / short ton, at the same time, Bangladesh announced its 450,000 tons of diammonium purchase plan. Indian buyers continue to press the international market. West of the Suez Canal, the European chemical sold to Brazil 10,000 tons a ammonium, the arrival price of less than 360 US dollars / short ton, the schedule in June. With the end of the harvest of soybeans, Argentina’s domestic demand began to show, but there is no order transaction. Weekly major manufacturing companies, OCP, PhosAgro, EuroChem announced its quarterly statements, have said that the increase in production but the profit reduction.

Analysis on the trend of the major international phosphate fertilizer market

India: Local IPL company through a trader to reach an order, the arrival price of 358 US dollars / ton in the vicinity of the sailing in June. Another uncertain news that a trader and a large local importers reached 50,000 tons of diammonium orders contract, the arrival price of more than 360 US dollars / short ton, real-time ship. India RCF said it wants to buy 20,000 tons of diammonium / monoammonium, sailing in the 6-7 month.

Argentina: Local demand is still staying at 4-6 million tonnes of major importers in major importers, negotiating prices at $ 370 / short ton.

Brazil: European chemical sold to the local 10,000 tons a ammonium, June sailing, the arrival price of less than 360 US dollars / short ton. Local demand increased, but there is no obvious positive price factors. Suppliers below 360 US dollars / ton of arrival price temporarily no negotiations, Brazil is in a new round of procurement on the eve.

Pakistan: Hong Kong relies on Quantum to reach 50,000 tons of diammonium orders with Fauji in Pakistan. Engro from Merrycorn / Yihua purchase of phosphate fertilizer, shipped in Nantong port.

Bangladesh: Bangladesh Ministry of Agriculture issued 450,000 tons of diammonium, 27.5 tons of copper purchase plan, will be held on May 31 closing. Nominally

China: China’s port diammonium phosphate prices are still stable at 350 US dollars / ton, but the real show, higher than 340 US dollars / short ton price why we accept. India has been under pressure, China’s supply price fell to 350 US dollars / short ton, equivalent to FOB price of 340 US dollars / short ton.

This week the international phosphorus fertilizer prices stable operation. Diammonium China port FOB price of 348-350 US dollars / ton FOB China main port, equivalent to the ex-factory price 2080-2108 yuan / ton. At present, the domestic manufacturers of diammonium phosphate factory price of 2200-2350 yuan / ton, for now, its domestic prices higher than the export price. At $ 360 / short ton, sailing in June. With the end of the harvest near soybeans, Argentina’s domestic demand began to show, but there is no order transaction. Weekly major manufacturing companies, OCP, PhosAgro, EuroChem announced its quarterly statements, have said that the increase in production but the profit reduction.