Monthly Archives: October 2017

Ammonium phosphate rise, is the trend

According to the business community’s large list of data, 55% powder one ammonium market to maintain a high degree of consolidation, because the upstream raw materials continue to rise, resulting in a volatile ammonium phosphate price, the domestic market average of 2150-2500 yuan/ton, up to 100-300 yuan/ton.


In the middle of October, the market price of ammonium phosphate is strong, mainly affected by the following factors: first, upstream raw material sulfur sudden rise, from the cost side to support the price of ammonium phosphate rose, since October, the price of ammonium phosphate from the beginning of October 1900 yuan/ton up to 2200 yuan/ton, the overall Secondly, the early environmental protection organizations, leading to the production of some enterprises to stop quality inspection, market supply pressure increased, the supply of a tight, most of the enterprise temporarily not the addition of a single. The new single transaction is basically in a stagnant state. In the short term, there will be a rise in market conditions.

Potassium monopersulfate

Saudi Arabia strives to move away from oil dependence, pushing $500 billion in new plans

According to CNBC, Saudi Arabia announced in Tuesday a $500 billion plan to build a commercial and industrial park linked to Jordan and Egypt. This is the biggest effort Saudi Arabia has made so far to wean itself off its dependence on oil exports.
Sodium selenite
The Saudi crown Prince Mohammed-Ben Salman (Mohammedbinsalman) says the area of 26500 sq km (10,230 square miles), known as Neom, will focus on the development of energy and water, biotechnology, food, advanced manufacturing and entertainment industries.


For Saudi Arabia’s future investment plan, the crown prince says visionary people will see this opportunity.


“This place is not for traditional or traditional companies, it will be a place for dreamers in the world,” he said at a Tuesday conference: “It shows the strong political will and desire of the Saudis, and all the success factors have gathered in Saudi Arabia to do something big.” ”


Neom or will become a new investment growth point


Although the economy of Saudi Arabia is rich, it is difficult to overcome the problem of low oil prices. Prince Mohammed has launched a series of economic and social reforms, such as allowing women to drive and make the kingdom more modern.


Saudi officials are hoping to build a privatisation project to raise money to build the project, including the sale of a stake in Saudi Aramco, 5% of the oil giant, which will raise $300 billion.


Saudi Arabia is cutting red tape and eliminating investment barriers. In Sunday, Saudi Arabia announced it would give strategic foreign investors more than 10% of Saudi listed companies.


Neom may be the main focus of new investment. Muhammad said the Saudi government, Saudi Public Investment Fund (PIF) and local and international investors are expected to invest more than $500 billion in Saudi Arabia in the next few years.


PIF said the region is near the Red Sea and `aqaba G. Of, and is close to the Suez Canal’s maritime trade corridor, which serves as an entrance to the Kingdom of Salman Bridge and will connect Egypt and Saudi Arabia.


“Neom is one of the most prominent economic arteries in the world. Its strategic position will also facilitate the region’s rapid becoming a global hub for Asia, Europe and Africa. PIF added. Jordan and Egypt are close allies of Saudi Arabia and no comment has been made on the plan.


Saudi Arabia says it has contacted potential investors and will complete the first phase of the project in 2025. Prince Mohammed will appoint Siemens (AG) and Alcoa (Alcoainc.) Former CEO Kleinfeld (Klauskleinfeld) presided over the NEOM project.


Project completion faces challenges


Saudi Arabia will need enormous financial and technical resources to build on the scale of the project it envisages. Past experience has shown that this can be difficult.


Bureaucracy has hampered many Saudi development plans, and private investors have been wary of participating in national projects, partly because of limited legal circumstances.


The region will have its own tax and labour laws, as well as an autonomous judicial system. The region plans to rely solely on wind power and solar power, a goal that may be difficult to achieve in practice.
But the creation of the project shows the ambition of Prince Mohammed to save the Saudi economy from the serious damage caused by low oil prices. PIF said Neom would expand the choice of local investment to reduce the outflow of money from Saudi Arabia.


Saudi Aramco or partly privatised and listed overseas


The main source of PIF’s future investment funds is a 5% per cent stake in Saudi Aramco, the state-owned oil giant that the government plans to sell, which now has about $230 billion trillion in management assets. The company could help raise tens of billions of of dollars in funds.


PIF General Manager Yassir (Yasiral-rumayyan) said at the meeting that Saudi Arabia is still expected to release Saudi Aramco’s shares for the first time in 2018, but did not disclose which stock markets the company would list.


Aminnasser, Saudi Aramco’s chief executive, told reporters that Saudi Aramco could still trade in markets such as New York, London, Tokyo and Hong Kong in addition to Saudi Arabia, but still needed to make a final decision.

Benzalkonium chloride

BASF biological method of acrylamide production plant in Nanjing, China built

BASF’s first set of bio-process acrylamide (BIOACM) devices in Asia Pacific, efficient and environmentally friendly production

Bacillus thuringiensis


October 23, 2017, BASF in China’s Nanjing Chemical Industry Park, an industry-leading production plant of bio-process acrylamide.


By investing in this wholly-owned production facility, BASF will further improve the production capacity of high quality polyacrylamide to ensure a stable supply to customers in the region, especially in China. The device can produce more than 50,000 tonnes of acrylamide per year.


Acrylamide is used in the production of water-soluble flocculants, so that the improvement of wastewater treatment, papermaking, mineral processing and oil recovery is more efficient and more resource-saving. Located in the center of the Water Treatment and paper industry in the Asia-Pacific region, the commissioning of the new installation will further consolidate BASF’s dominance in the region and increase the cost competitiveness of the product supply to meet the growing demand of the high water industry.


“We are delighted to be with our customers and government representatives to celebrate the commissioning of the Nanjing BIOACM plant,” said Andreastuerk, senior vice president of the BASF paper and Water Treatment Chemicals business unit. This investment fully embodies BASF’s strategic commitment to the polyacrylamide industry, and we will continue to work to meet the growing business needs of China and the world’s high water industry. ”


Since 2014, BASF has started producing bio-Virginia State acrylamide in the United States, and in 2016 a new bio-method of acrylamide was put into operation in Bradford, UK. After the successful commissioning of the Nanjing Project, BASF has three of the most advanced production devices in the world’s major markets.
Chitosan oligosaccharide
“The completion of the BIOACM device is an important milestone in the history of the development of BASF’s Nanjing base, which lays a foundation for future expansion.” The new Polyacrylamide production line is under construction and is expected to be operational in 2018. By investing in the upstream and downstream production units, we have further consolidated BASF’s position as the preferred partner in papermaking and water treatment industry. ”


Compared with the traditional catalysis technology of high pressure and energy-consuming copper, the waste produced by enzymatic process is greatly reduced. The process can be carried out at room temperature and under normal atmospheric conditions, which will help conserve energy and improve environmental compatibility. At the same time, there are fewer byproducts.


“The Nanjing BIOACM device is built in strict accordance with BASF’s high standards of global security and environment,” said Mollison, global senior vice-president of BASF, who is responsible for operations and base management in Greater China. We provide special training to our employees and safety specialists to ensure that we meet the same safety standards as all other production facilities. ”

Sodium Molybdate

Crude oil inventories fell, oil prices rose

US time on Monday, oil prices closed up slightly, intraday trading positive, US crude oil futures close to 52.00 US dollars / ounce mark, the highest hit 52.30 / ounce.

At the close, the US WTI December crude oil futures rose 0.06 US dollars, or 0.12 percent, reported 51.90 US dollars / barrel; ICE Brent December crude oil futures fell 0.38 US dollars, down 0.66 percent, reported 57.37 US dollars / barrel.

According to the average survey of six analysts expected as of October 20 week US crude oil inventories will be reduced by 2.5 million barrels, gasoline inventories will be reduced by 150 barrels, while refined oil inventories will be reduced by 1.9 million barrels.

Manganese Sulfate

In addition, the week 20 week refinery utilization is expected to rise 1.3% to 85.8%.

Oil prices are still supported by disruptions in the supply of crude oil in the Middle East, all of which are worries about Iraq and Kurdistan. US oil optimism is further supported by the US service Baker Hughes Friday’s report shows that the US crude oil active drilling down three weeks, the reduction of 6 to 736. In addition, EIA announced on Wednesday, as of October 13 week US crude oil production fell to 8.4 million barrels.

In addition, after OPEC officials’ remarks last week, traders remained optimistic. OPEC officials said last week that the current cut-off agreement would help to achieve market rebalancing.

Position, CFTC latest report shows that as of October 17 week crude oil speculative net long positions down to 3 weeks low.

The industry said that the technical, the US oil upstream resistance is located in the October 16 high 52.37, further resistance in September 28, such as the high 52.86, such as the break is on April 12 high 53.76; down the direction of the initial

Gamma-PGA (gamma polyglutamic acid)

Demand growth is higher than production capacity growth, titanium dioxide supply become further tight

According to the Institute of the latest release of the “titanium dioxide industry market demand analysis report”, 2017 and 2018 titanium dioxide domestic demand growth will be 10% and 8%, respectively, 2017 domestic demand increased by 210,000 tons (paint 150,000 Ton, plastic 30,000 tons, 30,000 tons of paper), 2018 domestic demand by 180,000 tons (120,000 tons of paint, plastic 30,000 tons, 30,000 tons of paper). Demand growth rate is higher than the capacity growth makes the titanium dioxide industry supply and demand balance further tightening.