As of September 19 closing, butadiene FOB Korea reported 1549.00-1551.00 US dollars / ton; butadiene CFR China reported 1599.00-1601.00 US dollars / ton.

As of September 19 closing, methanol FOB US Gulf reported 99.75-100.25 (332.1-333.8 US dollars / ton) cents / gallon, up 1 cent / gallon; methanol FOB European Rotterdam reported 270.5-271.5 (324.3-325.5 US dollars / ton ) EUR / tonne, down 0.5 euros / tonne.

September 19 the market is waiting for the Federal Reserve on Tuesday the two-day monetary policy meeting results. The results of the meeting will be released at 4:00 GMT on Thursday (September 21), and it is widely expected that the interest rate will remain unchanged, but will be announced.

Zinc remained above $ 3,000 due to the expected shortage of supply, but high prices could mean that idle capacity would be put into production, increased production and new capacity.

Three-month zinc rose 0.29 percent to $ 3,106.

Spot zinc than three months of zinc rose to nearly 20 US dollars per ton, the highest in May 2015 to the highest.

Among the other base metals, copper for three months was up 0.1% at $ 6,539 a tonne.

Three-month aluminum rose 1.7% at $ 2,124 a tonne.

Three-month lead rose 1.26% to $ 2,420 a tonne.

Three-month tin fell 0.2 percent at $ 20,650 a tonne.

As of September 19 closing, butadiene FOB Rotterdam spot 1198.00-1202.00 US dollars / ton; butadiene FD Northwest Europe spot 948.00-952.00 euros / ton.

Variety of the latest price ups and downs the opening price of the highest price of the lowest price yesterday LME lead 2428.5 3.5 2423.5 2437 2423.5 2425 LME tin 20720 90 20720 20720 20720 20630

As of September 19 closing, methanol CFR China (LC 0-30 days) reported 349-351 US dollars / ton, down 5 US dollars / ton; methanol CFR Southeast Asia (LC 0-30 days) reported 363-365 US dollars / ton.

September 19, the European region o-xylene market outside the disk offer price stability, external disk offer 770.00 US dollars / ton FOB Amsterdam, Rotterdam and Antwerp, compared with September 18 outside the disk offer 770.00 US dollars / ton, offer stability.

Titanium dioxide rose channel officially opened. We on July 7 this year, suggesting that titanium dioxide into the third quarter is expected to return to the rising channel, the main logic is the titanium dioxide industry supply and demand tight throughout the year, the seasonal factors and inventory factors will affect the ups and downs, and off-season foreign titanium White powder prices further prices out of space. Recently, the dragon python Bai Li as the representative of a number of titanium dioxide manufacturers raised the price of 500 yuan / ton, indicating that the rise of titanium dioxide channel officially opened, confirms our early judgment. In the current node, the industry supply and demand pattern has been in a tight state, we believe that titanium dioxide market has been officially launched: (1) tight supply and demand throughout the year: titanium dioxide industry in 2017 domestic demand growth of 6%, net exports increased by 7%, and industry (2) from the current point of view, the dealer inventory after the second quarter decline in product prices and digestion, three, Quarterly demand season, as well as environmental protection to boost the price of raw materials titanium concentrate, rising power superimposed. (3) the long term, sulfuric acid method by the new environmental restrictions, chlorination method has yet to be further technological breakthroughs, expansion of the right to speak in the hands of the dragon python Bai Li, supply and demand structure of the continuous improvement and leading the trend of concentration.

Supply side: long-term capacity growth continues to low, short-term environmental protection serious supply. (1) in the long term, capacity growth continued to low, the industry operating rate will remain 75% level. Mainly due to the titanium dioxide industry has experienced four years of the bottom of the industry, some small production companies to achieve rapid start more difficult, since 2014, the industry operating rate has been maintained at 75% from top to bottom. At the same time, due to the existence of industry access standards and environmental trends become more normal, the future new capacity is mainly concentrated in the chlorination method, and only four domestic manufacturers with chlorination production capacity. According to the latest capacity planning, the next few years new capacity is limited. (2) in the short term, a serious compression of environmental supply, resulting in accelerated arrival of titanium dioxide market. China’s 2017 titanium dioxide production capacity of 3.57 million tons, of which 835,000 tons in Sichuan, Shandong 600,000 tons, accounting for 24%, respectively, 19%. Most of our titanium dioxide is sulfuric acid method, the pollution is relatively serious, environmental protection trend, the supply probability will be affected. With the fourth batch of environmental protection inspection team stationed in Shandong and Sichuan provinces, the two provinces most enterprises operating rate of 50%, the majority of small production can be started at zero. Short-term supply of large contraction is expected to accelerate the price of titanium dioxide up.

Demand side: exports to the bright and clear, domestic demand is expected to be poor repair. (1) export to the bright and clear. Overseas demand to pick up, demand for titanium dioxide to the good, while domestic export prices have a competitive advantage, driven by China’s titanium dioxide exports continue to improve. From January to July, net exports grew by 10.4% year-on-year, especially since June, with net exports increasing by 28.9% and 17.5% respectively in June-July. (2) domestic demand is expected to remain stable. At the beginning of the year, the market for titanium dioxide domestic demand is generally more pessimistic. But in the shed reform monetization resettlement, three or four line residents down payment ratio is low, three or four lines of urban monetary orientation and other factors driven, so that China’s three or four line real estate market is currently maintained a high degree of prosperity, – August commercial housing sales area increased by 12.7%. In the three four-tier cities to inventory the overall tone of the premise is not changed, the stack of housing prices due to financing to speed up sales back to the money, even if the second half of the growth rate has come down, but we expect the annual sales of commercial housing to maintain rapid growth. Real estate sales data better performance led to the rapid growth of paint production. According to the National Bureau of Statistics data, from January to June 2017, the cumulative output of enterprises above designated size of the enterprise was 9,641,000 t, an increase of 10.5% over the same period of last year, thus boosting the demand for titanium dioxide.

Teschu reported on September 15 that US Commerce Secretary Ross announced the start of anti-dumping investigations on sponge titanium producers from Japan and Kazakhstan on the US market. The reason is that the United States Titanium Company proposed the supply of titanium sponge in Japan cheaper price of about 67% -95%, while Kazakhstan supply titanium sponge prices than US products 42.2% lower; In addition, the two countries sponge titanium suppliers enjoy injustice subsidy. Since January 2017, the US Department of Commerce has launched 65 anti-dumping investigations, 48% higher than the number of cases last year.

Recently, Reuters published an article saying that China is about to prohibit the import of certain waste waste, including a large number of plastic waste, which the US economy will undoubtedly have a negative impact, but on the other hand, it is for the polyethylene producers can To the positive effect.

Reuters wrote: As the Chinese government’s waste import regulations will be effective by the end of this year, will reject high-polluting waste plastics, so China’s demand for plastic will further soar. In order to compensate for the lack of recycled plastics, exports to China’s Middle East, South Korea, Thailand and Singapore petrochemical producers, exporters are expected to receive more product orders, including polyethylene.

China ‘s imports of scrap plastic ban or will benefit polyethylene manufacturers

Reuters reported that China has been the world’s largest importer of garbage. 2016 imports a total of about 7.3 million tons of waste plastics, more than half of the world’s total waste plastics. Among them, PE total 2.53 million tons, is expected this year the value will drop to 1.7 million – 1.8 million tons. However, in 2017 – 2018, the demand for PE in the Chinese market will grow by 6.6%. Native PE suppliers will benefit from the gap between supply and demand.

On July 18, China’s Minister of the Environment told the World Trade Organization (WTO) that China’s ban has a dual purpose. One is to revive the domestic material and restore the infrastructure. The second is to reduce pollution. A large number of hazardous waste is mixed into raw materials, which caused serious pollution to the environment, a threat to good health.

The US Waste Recycling Industry Association (ISRI) has expressed support for the Chinese government’s efforts to improve environmental protection and improve domestic recycling standards, but does not agree to prohibit imports.