According to data released by the Bureau of Statistics, in April, raw coal production of 290 million tons, an increase of 9.9%; daily production of 9.82 million tons, an increase of 150,000 tons in March. January-April, raw coal production of 1.11 billion tons, an increase of 2.5%. Raw coal production grew faster, mainly due to lower coal production in the same period last year, compared with March daily average of only 1.5%. Sodium Molybdate

April, by the end of the heating season, reduced demand, the impact of increased supply, Qinhuangdao port coal prices have come down. The end of April, 5500 kcal coal open price of 649 yuan per ton, down 10 yuan lower than in early April; 5000 kcal 571 yuan per ton, down 37 yuan; 4500 kcal 506 yuan per ton, down 37 yuan. Bacillus thuringiensis

From the current situation, according to CCTD China Coal market network monitoring data show that Qinhuangdao port coal stocks on May 18 to 5.855 million tons, up 17.1% over the previous month, the number of stocks increased significantly. Coastal six power plant inventories have been restored to more than 12.293 million tons, the number of days available has risen to about 20 days.
Chitosan oligosaccharide

Power plants, port stocks remain high, hydropower can be expected to increase, slow down the pace of downstream procurement is expected to short-term decline in coal prices, with the summer peak of the arrival of electricity, the latter part of the price may stabilize stabilized.
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The European Chemicals Agency (ECHA) study released in March did not include glyphosate in carcinogens, saying the substance can cause severe eye damage and is toxic to aquatic organisms and has a long-term impact on it. But the existing scientific data can not support the glyphosate into a class of carcinogens, or teratogenic or reproductive toxicity. Subsequently, the European Commission and the EU member states on the continued use of glyphosate ten years to negotiate this issue. Up to now, the date of consultation between the EU and representatives of Member States has not yet been finalized. paraquat

Although the World Health Organization’s cancer organization, the International Agency for Research on Cancer (IARC), has classified glyphosate as a “carcinogenic” substance, but many other government regulators, including the United States, believe that glyphosate, a herbicide, is unlikely to increase Human risk of cancer.

The EU says glyphosate is the core component of the Roundup herbicide and should not be classified as a carcinogen. A spokesman for the European Commission said, “We will take into account the latest scientific research results, and will work with member countries to seek a support from the community to provide solutions.”

The European Food Safety Authority (EFSA) says glyphosate “is unlikely to cause carcinogenic harm to humans” and supports ECHA’s findings.

“It is pointless to think that glyphosate is at risk,” said Bart Staes, a member of the European Parliament’s Green Group.

The European crop protection organization said that glyphosate continued to decline ten years is too short, should apply for a longer period of time, this is a “short-sighted” behavior. Fipronil

According to IARC data, glyphosate was registered in more than 130 countries in 2010 and is one of the world’s largest herbicides. Analysts expect that if glyphosate is banned in Europe, Monsanto will lose $ 100 million in sales.

US WTI crude oil futures on Monday (May 15) closed up 1.01 US dollars, or 2.11 percent, reported 48.85 US dollars / barrel. Brent crude futures closed up $ 0.98 on Monday, or 1.93%, at $ 51.82 a barrel. Saudi Arabia and Russia, the two major oil-producing countries to support the extension of the agreement to extend the agreement in March 2018, crude oil bulls greatly encouraged, while the dollar weakened for oil prices to provide a strong support. US WTI crude oil futures hit a maximum of 49.66 US dollars / barrel, Brent crude oil futures hit a maximum of 52.60 US dollars / barrel. Benzalkonium chloride

Fundamentals positive factors:

US dollar on Monday defensive, before the release of the US economic data less than expected, and the DPRK weekend missile test also supported the safe-haven currency yen. The announcement of the New York Fed May manufacturing index unexpectedly fell to negative, to the dollar long “a blow”, the dollar fell more aggravated. Weak dollar for oil prices has brought some support.

Saudi Arabia and Russia, the world’s top crude oil producer on Monday (May 15) issued a joint statement, said the extension of the production agreement extended to March 2018, to help solve the problem of excess supply, so that oil prices rise. “Crude oil inventories have started to fall, but we have not yet reached the target of falling to the 5 – year moving average, and we have agreed to extend the agreement on the cut – off agreement,” he said in a statement issued in Beijing.

OPEC latest monthly report, including Nigeria and Libya, including April OPEC crude oil production fell 1.8 million barrels / day to 31.73 million barrels / day. Although Saudi Arabia production has rebounded, but the country’s production rate is still greater than the commitment target. 11 OPEC member countries that needed to cut production were reduced to 29.674 million barrels per day in April, below the target of 29,804,000 barrels per day. However, OPEC raised its non-OPEC crude oil production estimate in 2017 to an increase of 95 million barrels per day, an increase of 37 million barrels from the previous month and a previous value of 58 million barrels per day. Sodium polyacrylate

Non-OPEC oil Turkistan and Equatorial Guinea also expressed willingness to cooperate with the cut, although the two countries of crude oil production is not great, but help OPEC to expand the scope of production plans. Algeria and Iraq have recently expressed support for the extension of the agreement. At the same time sources said the OPEC oil-producing countries, which are dominated by Gulf member states, are discussing plans to extend production for nine months, which will cover the first quarter of 2018, when crude oil demand will appear Seasonal weakness, so the impact of oil-producing countries will not be too large financial revenue. However, analysts pointed out that even if the cut agreement is extended, is expected to not expand the existing scale of production.

Russian Ministry of Energy issued a statement saying that the country has been on May 1 since last October production on the basis of production cut 30.079 million barrels / day, more than the previous commitment to cut production targets. At the same time in April Russian crude oil production fell slightly to 11 million barrels / day. At the same time, Russia’s energy minister Alexander Novak pointed out that after talks with senior domestic crude oil companies, Russia has begun to support the extension of the cut-off agreement. HEDP

Fundamentals negative factors:

US oil company Baker Hughes (Baker Hughes) on Friday (May 12) released data show that as of May 12 the week, the US oil active drilling increased by 9 to 712, recorded for 17 consecutive weeks at the same time Continued since April 2015 a new high. Last year, the number of active oil drilling in the United States was only 318. More data show that as of May 12 the week the total number of US oil and gas active drilling increased by 8 to 885.

Libya crude oil production last week has more than 80 million barrels / day, for the first time since 2014, if not because Wintershall AG oil field due to internal problems and production losses, the country’s crude oil production will be higher than the current. Libyan National Oil Company (NOC) said that due to the company and the Libyan Presidential Committee failed to Wintershall AG oil field production agreement, if the oil production to restore Libya crude oil production will be close to 100 million barrels / day.

US Energy Information Administration (EIA) latest data show that as of May 5 the week, the US domestic crude oil production increased 2.1 million barrels to 931.4 million barrels / day, for 12 consecutive weeks to increase and continue to maintain the 900 million barrels / day mark above. In addition, refinery capacity utilization decreased by 1.8 percentage points to 91.5%, the daily refining capacity decreased by 41.8 million barrels.
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The first quarter of this year, almost all of the enterprise sales growth rate of surprisingly, from at least 35 percent, to 80 or 90 percent, and even one has tripled, the only one who does not grow business, its sales last year reached 1.2 billion yuan.

Why is the increase in the first quarter?
fertiliser

From the pesticide product chain, the upstream tech enterprise growth is concentrated in the fourth quarter of last year, the fourth quarter is the preparation enterprise’s preparation period, the tech persticide trading is active, the Shanghai persticide trade fair is the price benchmark. But due to environmental pressure, the lack of production, leading to the shortage of tech pesticides, prices soared, imidacloprid, acetamiprid and other tech pesticides prices have doubled, the tech pesticides prices soared to enhance the industry tense atmosphere, and from upstream to Downstream, leading to the industry to produce “illusion”, the preparation plant at full capacity, the downstream dealers are also grab goods, a quarter of the channel full lack-selling, many manufacturers out of a substantial increase in the library, so with the opening of the high growth momentum.

Why is the growth in the second quarter real growth?

“The growth in the first quarter not real growth, the growth in the second quarter is real grouth and the most important growth is in the third and forth quarter. In the first quarter,in addition to anti-season medication in Hainan and parts of southern China, most parts of the country has not yet started medication, pressure to the first quarter of the country, Channel goods, the demand side is the farmers have not yet purchased, or farmers in the promotion policy to encourage the purchase but did not use to the ground, can not form a second purchase behavior, so the first quarter of the goods out of the majority of manufacturers in the channel That is, the hands of wholesalers, did not digest to the hands of farmers, the strict sense is not completed sales, but the goods from the production enterprises to zero-zero enterprises “turn warehouse” behavior, the formation of “barrier lake” phenomenon. Of course, as the goods leave the factory flow to the market, the fourth quarter of last year, the original pharmaceutical companies and statements in the first quarter of this year, the preparation of corporate statements have been bright up.
Bacillus thuringiensis

Into the April, is the southern China citrus and other large crops Paul flower fruit drug peak period, rice and northern crops into the medication period, the national full access to the peak of medication, the first quarter accumulation in the batch of commercial warehouse goods gradually transferred to the farmers In the hands of the “barrier lake” began to spill flood, at this time, whether the formation of channels as soon as possible purchase, as the evaluation of sales agents on behalf of the important basis for sales promotion, but also the dealer sales promotion ability of the concentrated period of experience.

The second quarter is the most important product of the digestion period, when the goods such as rotation, purchase frequency fast. If the second quarter can continue to grow, to prove that the first quarter of the shop has been digested goods, the downstream have the ability to re-purchase. In addition to selling goods, short-term no other law, agricultural services is the highlight of the rise of nearly two years, “flying defense” to enhance the user sticky, but nothing more than the more Take the goods channel, and reduce the dosage, short-term profits of the pesticide companies and performance is not driven, corporate profits are still hanging on the product spreads, as the car production plant produced by the car only rent not sell, anti To grab a taxi business business, which is worthless for the car factory.
Fipronil

Why is growth unsustainable?

Pesticide consumption growth is unsustainable because:

There was no increase in acreage;

Policy does not encourage the use of growth;

There is no sign of a substantial increase in agricultural prices;

Domestic and international economic environment has not improved significantly;

So short-term growth is only “virtual fire”, but the limited cake re-cut, foreign companies rely on new products to increase, within the enterprise to rely on quality continue to increase market share, we cut the head in a stagnant market share of the total squeeze.
Methomyl

In the case of excess capacity, once the opportunity, who have a full horsepower boot “impulse” to see the pyrazole production capacity and the actual output data is very obvious, the current pyraz manufacturers total production capacity of one-third To meet domestic demand, the future of vicious competition is inevitable. Therefore, the impulse in the first quarter of the pharmaceutical companies will lead to the latter part of the channel product surplus? Remains to be seen, but at the end of June can be seen.

From the terminal to see, and did not show this “impulsive” behavior, in addition to the southern citrus cultivation area has continued large area expansion impulses, the northeast, north, southeast, northwest of which crop planting area is a substantial expansion, wheat and other parts Grain area will be shrinking, the drug did not increase the market base, farmers generally did not increase the impulse to buy agricultural, grass-roots quiet, so there has been “upstream hot downstream cold, the middle of the lake” situation.

The supply side of the changes led to the original drug and preparation prices unrealistically, and farmers did not increase investment in agricultural commodities, but the decline in purchasing power, which has no market demand to support the behavior, after the medication period, the market appears to digest a large number of stocks, Homogeneous products will lead to poor sales and competition to bargain.

If the product can not be digested in the first half, will form a quarterly inventory, receivables risk and return risk followed.

Why three or four quarters of growth is the most important? Flumethrin

“In the third quarter, especially in August, the northern market quickly into the off-season, only greenhouse vegetables, the eastern and the Yangtze River market still below the market, the growth of the second quarter, Have the opportunity, the goods of the season to adjust the market to digest and promote the staff of the busy market to become the manufacturers will do the “basic homework.”

If the second half still maintain year-on-year growth, especially the chain growth can remain stable, then prove that the first half of the enterprise market products digested properly, reasonable channel inventory, then continue to increase the potential is enough.
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Recently, the market is eagerly looking forward to the crude oil futures standard contract officially debut, also debut also includes crude oil futures trading, settlement, delivery, risk control, futures traders appropriate system, including 10 business rules. This series of business rules introduced, marking the real estate futures market really entered the real stage. fertiliser

“Crude oil futures market is getting closer, the fastest in the third quarter of this year will be listed.” Huaan futures Shanghai branch general manager, chief oil analyst Xu Jie told reporters that the Chinese version of the crude oil futures market, many domestic Of the private refining business, is a major positive.

In recent years, with the gradual liberalization of crude oil import qualification, more and more private refining enterprises to obtain the use of imported crude oil quotas. According to the relevant data, so far, has been officially approved (excluding the publicity period) imports of crude oil use quota enterprises, the cumulative use of imported 77.85 million tons of crude oil, if the business has entered the publicity period (extended, Haike, Lan Bridge , Hubei Jinao, wins star, Qi Cheng, Hualong, Dalian Jinyuan), the cumulative use of imported 95.25 million tons of crude oil.Sodium Molybdate

According to report, the last two years, although crude oil prices in a relatively low, but its volatility is still relatively strong, 20% of the ups and downs in a month is very normal. “In addition to a small number of enterprises are involved in international crude oil futures trading, most companies do not have to the international futures market risk management of their positions, they can only passively accept the international oil prices volatility.” Xu Jie said.

However, he also said that with the domestic crude oil futures market, there will be more and more private refining enterprises to participate in the futures market. According to its introduction, refining business profit model is to improve the utilization of funds under the premise of the lowest possible cost of oil production. Bacillus thuringiensis

“Refining companies can buy some of the crude oil futures market in the domestic crude oil, lock a part of the cost of oil, and the delivery location is also in the country, transport is also very convenient at the same time, they can follow the market every month to open positions to avoid significant fluctuations in oil prices Production to bring the uncertainty of risk. “Xu Jie told reporters.

Shandong Province, a private refining enterprise futures hedging business department official said that the current domestic private refining enterprises to participate in the futures market is not too much, but with the pace of crude oil futures market approaching, many refining enterprises are in action to set up their own Of the hedge team.

“Crude oil futures market to the domestic private refining enterprises to provide hedging tools and channels, but also to the overseas enterprises to bring cross-market arbitrage opportunities.” The official said.

Xu Jie said that in addition to the use of crude oil hedging to carry out risk management, the private refining enterprises can register their own inventory for the warehouse receipts, and then warehouse receipts of financing, which can greatly improve the efficiency of enterprise funds, Occupy a high degree of refining enterprises has a very important significance.

“The private Refining enterprises to use good crude oil futures, according to their actual production scale and characteristics, to establish a good momentum in the futures market size and operating rhythm, and then through the inventory of financial, improve capital utilization, the business performance and risk Control capacity to a new level. “Xu Jie said.Flumethrin

Shanghai Petroleum Products Trade Industry Association Deputy Secretary-General Wu Jun believes that the domestic petrochemical industry chain, the introduction of crude oil futures with milestone significance. First, to promote the further opening up of the crude oil market, to participate in the main body more diversified, crude oil futures investors both domestic investors, but also outside the investors; both institutional investors, but also individual investors, and with domestic and foreign crude oil The increase in the main body of futures, crude oil spot competition will gradually change the pattern. The second is to promote the full range of state-owned oil companies to participate in the futures market to promote the domestic oil product pricing mechanism of the market; third is to find long-term prices to facilitate the future production costs of enterprises to develop long-term sound business plan; Risk management awareness, the use of hedging means to enhance the profitability of enterprises and anti-risk ability.

In his view, hedging is a key prerequisite for the success of futures and spot market relevance. “In the past, China’s enterprises in the spot transactions will be hedged, but are used in foreign markets and domestic markets hedge transactions, once the domestic prices and foreign prices seriously deviated from the situation, not only lead to hedging failure, but also Resulting in unnecessary losses. “Wu Jun said.

Since the beginning of 2017, due to the Chinese market did not restore the demand for olefins, some pre-positive support gradually decay, coupled with the Chinese market methanol industry chain products have declined and the impact of crude oil prices fell, China, the United States and the Nordic market in February – (About 295-300 US dollars / ton), the Northwest European market fell to 285 euros (about 295-300 US dollars / ton), the United States and Europe fell to 90 cents / gallon (about 295-300 US dollars / ton), Northwest Europe market fell to 285 euros / Ton (about 310-315 US dollars / ton), the international spot market arbitrage was disrupted. Paraquat

In Europe and the United States prices lower at the same time, CFR China also fell to 270 US dollars / ton, and the price and the paper is still in the upside down in June, the domestic delivery of goods is not intended, affected by some of the Middle East and the Americas goods turn Sold to the Northwest European market. It is reported that the Middle East to China and other East Asian markets freight in the 38-40 US dollars / ton, while the Middle East to Northwest Europe freight costs 55 US dollars / ton in the vicinity of the two freight difference of 15-20 US dollars / ton. For example, the price on May 10, CFR China for 267 US dollars / ton, FOB Rotterdam for 285 euros / ton (about 310 US dollars / ton), the two spreads of 43 US dollars / ton, the spread is greater than the two poor freight Resulting in some of the Middle East stock sales to the Northwest European market. According to Jinlian know that there are about 46,000 tons of goods are being sold to the Northwest European market transport, including about 12,000 tons of goods in Azerbaijan, Egyptian goods about 14,000 tons, the remaining 20,000 tons of goods from the Caribbean and other countries Region, affected by this, the follow-up Northwest European methanol market supply or will increase,Glyphosate while the region to discuss or gradually decline, concerned about the late sub-Asia, Europe, the United States and other international arbitrage operations opportunities.
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Recently, the National Bureau of Statistics released data show that 1 to 3 months, the national industrial enterprises above designated size to achieve profits (hereinafter referred to as “business profits”) total 1704.3 billion yuan, an increase of 28.3%, growth rate of 1 to 2 months down 3.2 percentage point. But compared with the annual growth rate of 8.5% in 2016, the first quarter profit growth rate recovery significantly. Sodium selenite

From the industry point of view, ferrous metal smelting and rolling processing industry profit growth of 3.6 times, non-ferrous metal smelting and rolling processing industry profit growth of 93.8%, oil processing, coking and nuclear fuel processing industry profits increased 67.1%, the industry is the profit growth rate The fastest of the three industries. Cobalt oxide

Increased profit in the industry, the first quarter of the upstream raw material industry profit growth significantly. Bureau of Statistics data show that in the same period last year, coal mining and washing industry losses of 650 million yuan in the first quarter of this year, the total profit of 70.87 billion yuan; oil and natural gas extraction industry losses of 28.4 billion yuan last year, the first quarter of this year to achieve total profits 188.4 billion yuan; ferrous metal mining industry, the total profit growth rate also reached 88.2%. http://www.lubonchem.com

According to reports, CNPC Chairman Wang Yilin said the company will be signed in the next two days worth 20 billion US dollars contract, including the United States, including foreign imports of more crude oil and natural gas, as well as participation in the rapid development of the liquefied natural gas market in Asia.

Melamine

According to the information provided by CNPC, the project includes a Yunnan refinery built in cooperation with Saudi Aramco, a $ 4 billion Azerbaijani gas project, a Russian gas power plant project and a Kenya geothermal power generation project.

Wang Yilin in an interview with the media pointed out that the US oil and gas resources, China hopes to expand imports of energy from the country, so that China’s energy supply more diversified.

PVA

In addition to increasing imports of US energy, CNPC has also initially established China Unicom’s oil and gas supply and market network. On May 8, Wang Dongjin, deputy general manager of CNPC, said that CNPC actively promoted infrastructure construction, and four major oil and gas transportation channels were formed from northwest, northeast, southwest and east in Central Asia, China, Russia, China, Myanmar and the sea. China Unicom, through the benefits of multi-national oil and gas supply and market network.

The end of March this year, the oil released 2016 annual report, when the net profit of 7.857 billion yuan, the highest since the record record, down 77.9%. Xinhua quoted the industry analysis, said CNPC upstream assets accounted for larger, sensitive to oil prices, by the international oil prices and other factors have a greater impact, the performance fell sharply. Stannous sulphate

CNPC said that in 2016, the international oil prices hovering low, the oil field service industry has not yet got rid of the impact of low oil prices, the company production and management pressure to further increase.

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From yesterday,China traders selling offer in the mainstream market in mainland was pushed up. Till midday today, the market rose as high as 8.2%, the rapid pull up with a wave of late April is very similar to the rebound. So many marketers whispered, but also “short-lived” or “set of the road.” We compare these two bounce to analyze:

Benzalkonium chloride

Bounce contrast

    The factors affecting the acetone market are the supply and demand fundamentals, the rebound late April was determined by the near May holiday and centralized purchase of downstream users, but with the domestic factory inventory pressure, and consider the contractor, the factory down the price, and then The market mentality began to change, the rise lasted only about 3 days.

    The rise is part of the domestic factory parking maintenance news, and some market participants to see the port inventory has dropped to 20,000 tons the following, while the external disk prices are high, the market immediately expected follow-up supply indentation, so the intermediary will enter the receipt Purchase period. The current spot concentration of the port, the big family immediately began to pull up the price, the rally is still continuing.

Flumethrin

    But is it really a rally? We do not think that the market rebound is completely unreasonable. Can only say that demand growth is not much, and short-term supply will not be tightened, I am afraid that this increase is untenable. Looking back at late April, it is thoughtful. Pre-Asian maintenance device has been restarted, and now the external disk prices and the domestic market upside down, the difference is 100 US dollars / ton, is still Asia to Europe arbitrage, profit is still better than China. But in May the port of the normal amount of the contract added in the 1.6-2 million tons. Yangzhou device plans to park about 15 days in the month, the Shanghai Sisa device has been planned to restart, some traders said that the quilt in the waiting set, also said that the market mentality is not entirely good. Downstream terminal industry can not see a complete improvement, especially the pharmaceutical and pesticide industry by environmental pressure.

    Acetone market rebound trend is reasonable, but the gains were unexpected, the medium-term information that, although the late supply side tightening there is a certain support, but the time point of supply and demand balance has not yet arrived, is expected to quickly pull up or Short-term behavior, looking for points to digest, waiting for new news guidelines

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The domestic methanol market continued to fall since mid-April, the weak fundamentals of the commodity itself and the macro-capital tightening, methanol futures contract 1709 last week limit, the mainland ports neatly lower, the overall shadow of the market shrouded.

    As of the date of receipt, Zhongyu Information Statistics, East China main port spot price fell to 2290 yuan / ton, compared with the beginning of April prices continue to cut 325 yuan / ton. Northwest manufacturers ex-factory price to 1880 yuan / ton in the vicinity, compared with the beginning of April prices down 420 yuan / ton, the mainland to the port arbitrage basically closed.

Melamine

    And into this week, some manufacturers maintenance information fermentation, coupled with the continued decline in the previous market, the industry did not cover short positions, the Northwest manufacturers have improved delivery, very price intention to strengthen, some prices have narrow rebound. And for the market outlook, more business mentality is still confused, is the rebound or will continue to find the bottom?

    Spring test the end of the first round, a new wave of repair struck

    The current domestic coal, coke oven gas and natural gas production of methanol enterprises are still more than a certain profit margins, late April, more maintenance factory equipment recovery, the market started to significantly increase the contradiction between supply and demand increased, increasing the pace of market decline.

Device dynamics

    May market supply side of the volatility again, Shandong Ming water, new energy Tengzhou Phoenix new plant plans to put into operation, and the Inner Mongolia Shi Lin early technical transformation device plan to restart, and according to Zhongyu information to understand the device to drive or restart more concentrated near the end of the month The Nearly two weeks near the current, northwest, Guanzhong multi-enterprise maintenance plan focused on the short-term market, the supply was declining trend, the market will support some.

Cobalt oxide

    Olefin maintenance needs are expected to be poor
    As the current largest methanol downstream, methanol to olefins plant any signs of trouble, the market impact can not be ignored. And since November last year, with the methanol prices continue to rise, the port of methanol to olefins enterprises continue to struggle in the loss of the end of March Changzhou Fu Tak device due to cost pressures, parking maintenance, port olefin demand decline. Jiangsu Sheng Hong device drive, but its high raw material inventory, short-term impact on the market demand is not obvious.

    And in the coal Yulin olefins plant in the beginning of the month on January 2. overhaul in January, Yang Heng Heng olefin plant on the 7th began maintenance, 5 in the middle of the coal mineral oil plant has a maintenance plan, the overall decline in domestic olefin plant, the demand for methanol The amount of decline.

    Environmental protection continues, the traditional downstream load is not high

Chitosan oligosaccharide

    Started in April this year, Shandong, Shanxi, Anhui and other 15 provinces and cities to carry out the most stringent environmental protection inspector, most of the downstream enterprises were forced to cut production limit. And the establishment of the new security zone, making Hebei to increase the pace of environmental protection and remediation. Hebei, Shandong area dimethyl ether, formaldehyde and other traditional downstream widely distributed, the impact of environmental protection, the demand for methanol has significantly shrinkage. And noted that the impact of environmental protection supervision continued, the traditional downstream construction is difficult to significantly improve the short term.

    Cut off the draft, Zhongyu information to understand, in some areas in the tight supply support, the rising signs have emerged. And with the price continued to fall, the factory profit shrinking, very price intention gradually increased, driven by the market mentality has improved, the downstream industry or have a certain need to cover short positions, Zhongyu that short-term market or stage stability, Rebound may be, but the lack of trend of high power. In the long-term market is still not optimistic, weak demand is not removed, the pattern of oversupply, the market is still in the process of repeated shocks bottoming.

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