South Korea reported on September 25, Asian economies, according to a recent wto “monthly commodity export statistics released this year July 1 – South Korea’s exports reached $328 billion, up 16.3% from a year earlier, the growth of the world. The Netherlands ranked second with 11.0%, with Hong Kong, mainland China and Japan ranked 3-5, with growth of 8.5 per cent, 8.3 per cent and 8.2 per cent respectively. South Korea’s export growth remained in double digits in August, at 17.4 percent, to $47.1 billion, according to South Korea’s ministry of industry and industry, which has been growing for 10 consecutive months.

According to the ministry of industry, the main reason for the increase in exports is the global manufacturing boom recovery, the increase in the unit price of major export commodities, the increase in export volume and the high added value of the main products. Among them, the price of major export commodities such as semiconductors, petrochemical products and petroleum products has played a key role.

But the industry is concerned that the existence of a number of destabilizing factors could reverse the trend of export growth in the fourth quarter. One is that the export “bottom rebound” effect will run out. South Korea’s exports fell for two consecutive years in 2015 and 2016, and this year’s export growth is partly due to a rebound effect, and exports will generally decline at the end of the year. Second, the unit price increase factor is greater than the export volume increase factor. Oil prices have risen sharply this year amid rising global oil prices. Three is too dependent on a few products such as semiconductors. The ministry of industry believes that both the fed’s shrinking watch and the strengthening of protectionist trade protectionism will have a negative impact on Korean exports.

In September 26th, the European Styrene Market FOB fell 22 U. S. dollars / ton, ARA reported 1286-1287 U. S. dollars / ton.

In September 26th, the United States styrene market fell 2.8 cents, FOB U. S. Gulf newspaper 56.5-57 cents / pound, FOB U. S. poster 1243-1254 U. S. dollars / ton.

In September 26th, the Asian styrene market closed up 1 U. S. dollars / ton, FOB Korea closed at 1312-1313 U. S. dollars / ton, CFR China received 1339-1340 U. S. dollars / ton.

In September 26th, the closing price of the PX market in Europe increased by $3 / ton, and the closing price was 768.5-770.5 US dollars / ton FOB Rotterdam.

In September 26th, the market price of PX in Asia was up 3 U. S. dollars / ton, and the closing price was US $836-838 / ton, FOB Korea and US $853-855 / ton CFR china.

In September 26, 2017 LME cobalt price $60500 / ton, compared with last week steady.
In September 26th, the cobalt commodity index was 155.76, up 0.3 points from the previous day, a record high in the cycle, up 123.02% from the lowest point of 07 on 05 2016 in 69.84. (Note: cycle means 2011-09-01 so far)

Domestic propane Market in the two or three quarter out of the obvious “V” word market, the market change is relatively rapid, especially since July, the market has continued to push up trend, beyond expectations.
Propane trend
After entering May, with the gradual rise in temperature, propane Market into the off-season consumption, the market compared to the same period in previous years, showing a gradual downward trend, in line with expectations. But at the end of June and early July market bottomed out, and continued to push up the situation, beyond people’s expectations, there is a feeling in advance into the peak season of consumption.
Due to rapid decline in June, propane prices low for the year, though still in high temperature season, but some businesses have hunters desire, boost the market trend; and in July, the domestic environmental protection inspection of unprecedented, most part of the device or the whole plant of refinery downtime, the actual supply of propane decreased ease factory sales pressure; the end of August the National Games held in Hebei and the surrounding area traffic control, Shandong, North China, Northeast China Resources Circulation influenced resources in Northeast China and the surrounding areas to further boost the market shortage. These favorable followed, continue to give the propane Market push up momentum, and other propane market shocks upward in the third quarter, the current price has been 4282 yuan / ton, close to the high point of the year.
As the third quarter propane market performance is strong, continuous push up, the price has climbed to a relatively high level. After entering the fourth quarter of the traditional sales season, whether it still has upside? Can market performance reach expectations?

The fourth quarter was the peak season for the sale of liquefied gases in China, especially the demand for propane in the market, especially in the northeast and other northern regions. Because of its high pressure and strong combustion, propane is especially suitable for the cold climate in winter in the north. But the northeast area has the normal supply of propane manufacturers only Dalian petrochemical, Jinzhou petrochemical, Dalian West Pacific three (Jinxi petrochemical refinery supply instability), the overall supply is less, then northeast supply gap needs to North China, Shandong and even the East China Resources to fill the area above the propane sales pressure can be eased. The ability to digest the fourth quarter and propane in Northeast China and surrounding areas after the upgrade, the resources almost never go down into Shandong, East and other regions, from the side to Shandong, East and other regions of the propane Market to boost.
As far as breath is concerned, the demand for propane in China is not only huge in winter, but also in India, Japan and other neighboring countries. The Middle East and the United States as the northern region of the main suppliers in the winter of propane, sales also increased significantly, the price will also increase, which will promote the Southern China, along the Yangtze River and other coastal areas of the propane Market to rise.
Major areas of propane supply
At present, in late September, the National Day holiday is coming, some businesses exist pre replenishment requirements, the propane market will certainly boost the role. However, due to the current temperature changes are not obvious, the terminal of propane digestion capacity has not been significantly improved, so in the short term the market is difficult to show a strong performance. National Day, the market will enter the fourth quarter, as the temperature decreases, improve the terminal digestion ability, as well as civilian gas, imported gas price up to promote good, long-term domestic existing propane Market upward momentum, the overall performance of the market is worth looking forward to.

Magnesium is the fourth major nutrient after nitrogen, phosphorus, and potassium. The demand for magnesium fertilizer in China’s agriculture will increase rapidly and catch up with Europe. With the present soil situation estimated, the annual requirement should be conservatively estimated at 4 million tons (with Magnesium Sulfate). This is the reporter from the September 20th International Study on magnesium nutrition in Beijing (the Institute of magnesium (IMI)) that the first Council on information. The Institute was founded a year ago magnesium (IMI) to trace magnesium and magnesium in plant nutrition elements and other nutrient element interaction as the main research object, and put forward three combination: location of workers and peasants business combination, plant nutrition research and application of combination of theory and practice, combined with the.
This year, the fertilizer industry’s interest in magnesium fertilizer has risen sharply. The value of magnesium fertilizer for global agriculture is constantly being recognized by the industry, but the interaction between Mg and other elements is relatively backward, and the standard of application of magnesium is also blank. Experts put forward: magnesium fertilizer in the rational application of crops and magnesium fertilizer industry healthy development, is of great significance. And what make the industry more attention is: “boron magnesium fertilizer” national standard will be put into effect formally next year on April 1st.
In the first Council of the Institute of magnesium, the reporter saw 7 Specialized Committee members from 6 countries, who are experts in the global magnesium nutrition research and application field of the most authoritative. 7 experts associate with magnesium because of magnesium. The Turkey Sabanci university professor Cakmak Ismail, Professor Zhang Fusuo China Nongda, de salt Dr. Guo Yanliang is out of the same door.

The reporter is interested in research work: magnesium opens up a new model for China fertilizer innovation. Scientific research institutions and enterprises jointly develop magnesium, from nutrition research to new areas of fertilizer category development. Such cooperation has the depth and breadth of space research and product innovation can freely extend and expand cross cooperation more, its research value is not limited to scientific research or fertilizer products, but in the common Gou Jianyi complete from the plant nutrient fertilizer to new category of industrial chain.
Horses forage first, Professor Zhang Fusuo at the first Council held in the first place, the issue is to research room, Institute of magnesium equipment, staff recruitment, it is rolled up his sleeves rhythm. Reporters noted that the Institute started for the global recruitment of magnesium from July, positions including deputy director of the Institute, a full-time researcher, Dr and other staff. It is understood that relying on the German potash and magnesium Institute Fujian Agriculture And Forestry University, founded in September 2016 in Fujian Agriculture And Forestry University.
Magnesium is a forgotten nutrient in China and many other countries. Magnesium fertilizer has been used in Europe for more than 80 years. Magnesium fertilizer has been used in Europe as much as millions of tons (with Magnesium Sulfate), which is the highest in the world. The lack of magnesium in China’s soil is also quite serious. Statistics from the agricultural sector show that 210 million mu of soil in China is moderately deficient in magnesium, and 140 million mu of land is seriously deficient in magnesium. Based on the location of the global radiation China magnesium Institute is also cater to the market demand.