March Brent crude futures set Tuesday (January 17th) fell $0.22, or 0.20%, to settle at $55.48 a barrel in March; U.S. crude oil futures set up $0.16, or 0.34%, to $53.33 a barrel.

The highest intraday rally Tuesday by oil prices down, because the United States and Russia oil producers later this year will increase the yield estimates, offsetting the decline of the dollar and Saudi Arabia said it would comply with the organization of Petroleum Exporting Countries (OPEC) cut promises to boost.

The dollar against a basket of currencies fell to near six week low, after the U.S. President elect Trump said the dollar is too strong, is not conducive to the competitiveness of the u.s.. A weaker dollar makes dollar denominated oil for other holders of money more cheap.

PSW Investments managing partner Phil Davis said, “in fact, oil than it seems to be weak, because is was boosted by the dollar’s fall,”

Earlier Tuesday, oil prices have some support, the main crude oil exporter Saudi Arabia Saudi Arabia said, will strictly abide by an agreement between OPEC and Russia and other non members of the OPEC production agreement. Under this agreement, OPEC and Russia and other non OPEC oil producers will cut nearly 1 million 800 thousand barrels a day, the first implementation of six months, to help restore the balance of supply and demand.

According to the data handling and industry sources, January up to now, southern Iraq’s oil export terminal is reduced, showed that OPEC second producers are performing production agreement. But oil prices from the highs, because the United States and Russia is expected to increase in production, the market for OPEC overall commitment to reduce supply comply with doubt.

According to a Reuters survey, analysts expected the end of June global production in 2017 after the expiry of the agreement, Russia’s crude oil production will reach a record high after the Soviet era. Energy consultant Ritterbusch&Associates President Jim Ritterbusch said in a report: “Libya, Iran, Iraq and Nigeria oil production strong and increasing production effect of Russia will be reduced by OPEC/,”

held in Beijing in January 13th, the fertilizer value of Industrial Technology Innovation Alliance Annual Meeting 2016 news: 2016, value-added fertilizer in the national key project development plan, the national chemical industry standards and industrial development to achieve a major breakthrough. especially

It is already released and will be implemented in April 1st this year, the “containing humic acid urea” and three industry standards, means that the value of fertilizer officially entered the stage of industrialization.

The meeting revealed that the current value of the fertilizer industry technology innovation alliance member enterprises has reached 42, newly added fertilizer production capacity of 10 million tons. In 2016, Hubei Yihua, Shanxi Yuntianhua, Shuifu, Shanxi Tianze orchids, Shanxi coal energy, Qinghai Saline Lake, Sichuan Meifeng such enterprises started production of value-added urea, boost value-added urea production doubled year on year, reaching 900 thousand tons. The value of fertilizer market of more than 180 tons, the value of more than 90 tons of urea, the value of more than 60 tons of compound fertilizer, ammonium phosphate, added more than 10 tons of value-added mixed fertilizer 200 thousand tons, promotion area of 60 million acres, grain yield 3 billion kg.

Union chairman, China Academy of Agricultural Sciences Institute of agricultural resources and regional planning director Wang Daolong said that the value-added fertilizer technology in China from scratch, industrial products have been expanded gradually, covering the whole country, the industry pattern has been formed. Especially to celebrate, the drafting of the “coalition units”, “containing humic acid urea containing alginate and alginate” urea “fertilizer” will be implemented in April 1st of this year. Implementation of the “three industry standard marked by a variety of value-added fertilizers in order to become an industry, will make greater contribution to the efficiency of the national weight.”

The Secretary General of the League of researcher Zhao Bingqiang, 2016, “the new compound fertilizer and water soluble fertilizer development project for the national project, will focus on the development of new high value-added fertilizer, the sky, Azerbaijan, SINOFERT, kaimenzi enterprise alliance members are involved in the implementation of the project. In 2017, the alliance will focus on promoting the new synergistic agent research and development, and strive to complete the “AP”, “containing humic acid containing alginic acid ammonium phosphate” industry standards, value-added fertilizer production capacity for production exceeded 20 million tons, and strive to exceed 2 million tons.

The raw material Department of the ministry Director Zhang Wenming introduction, the Ministry has been the development of humic acid, alginate and other value-added fertilizer included in the fertilizer industry to promote transformation and upgrading of the guidance. And the National Agricultural Technology Extension Service Center of the Ministry of agriculture office director Xin Jingshu believes that the synergistic effect of fertilizer was added to lose weight, will play a more important role in the chemical action of zero growth. Chinese Academy of agricultural science and Technology Management Bureau Director Mei Xurong said, hope that added fertilizer technology to provide more effective support for the national agricultural science and technology innovation.

China Nitrogen Fertilizer Industry Association, Gu Zongqin pointed out, has opened up a new path for the adjustment of the structure of value-added fertilizer nitrogen fertilizer industry, hope alliancemembers good product quality, improve product protection and anti-counterfeiting awareness, and jointly promote the healthy development of value-added fertilizer industry. Deputy managing director of Chinese phosphate & compound fertilizer industry association study to achieve peak traditional phosphate fertilizer, compound fertilizer efficiency of modified highly value added by technology, and that 2017 will add value to the organization of ammonium phosphate and compound fertilizer added to observe the scene.

At the meeting, China chemical, chemical fertilizer, water rich Junhua sky, heart and other members of the League business representatives to share production and promotion of value-added fertilizer experience.

Last week (January 2 ~ 6 days), glyphosate prices remained high, price in 26500 ~ 29000 yuan / ton.
The bulk drug such as paraquat, imidacloprid, acetamiprid, cyhalothrin and other prices last week rose significantly, including imidacloprid rose 4000 yuan / ton, acetamiprid rose 5000 yuan / ton, rose significantly and the supply is very tight.

Hechi SASAC also further pointed out that, according to the “Regulations” measures for the administration of information disclosure of listed companies, the Hechi chemical industry should be timely public disclosure of the existence of a special agreement equity transfer information, the performance of listed companies information disclosure obligations.

Hechi chemical industry restructuring announcement reporter’s inquiry in 2005, which did not disclose the agreement. But it is worth noting that, if in accordance with the agreed “not to transfer the shares of state-owned shares of the river” and other terms, the river group prior to the transfer of a controlling stake to Silver billion holding when it should be constituted a breach of contract.

Or by the Hechi Group intends to transfer the shares after the Hechi chemical industry news, yesterday opened 4% up quickly, a few minutes will be firmly closed in the limit.

Hechi SASAC objection and so on. The letter said, in accordance with the prior agreement, the equity transfer income prior to January 2017 12 days before the Hechi municipal government to repay the principal of 106 million yuan. But as of now, the Hechi municipal government owed 106 million yuan loan outstanding. The letter did not disclose the reasons for the formation of the loan.

Hechi SASAC also said that in December 5, 2016, Haohua Chemical Corporation oral notice which will be on January 2017 held by the transfer of 37 million 493 thousand and 589 stake in Hechi chemical industry. For this, the Hechi municipal SASAC expressed dissatisfaction: “Haohua Chemical Corporation, such as communication and consultation in our city is not the same situation, the transfer of holdings of 37 million 493 thousand and 589 shares of Hechi River group is in violation of the” Guangxi chemical, Hechi chemical industry group asset restructuring agreement “in 6,” securities pledge…… (7) Party A agrees not to transfer the existing assets of the river group to areas outside Hechi City, not the transfer of state-owned equity river of the shares of the company, does not change the company’s registration, based in Hechi, the main business bigger and stronger “agreement, will constitute the actual breach of contract, we reserve the right to pursue the liability for breach of contract in accordance with the law.”