SAN FRANCISCO (MarketWatch) – Singapore’s petrochemical exports rose 31.9% YoY to S $ 1.53bn in August, according to official data released by Singapore on Monday.

According to the Singapore International Enterprise Development Board, in August Singapore’s exports to China’s petrochemical products rose 35.8% year on year.

In terms of exports, Singapore’s methanol exports in August more than doubled, reaching 2556 tons, while exports of p-xylene (PX) increased by 21.4% to 139524.8 tons.

August benzene exports fell 14.9% year on year to 18,307 tons, while toluene exports increased 4.2% to 37,776 tons.

The New Zealand Environmental Protection Agency has officially approved the application of Trans Tasman Resources for the exploitation of iron ore at the South Taranaki Bight, which means that cross-Tasman Resources will develop in New Zealand’s exclusive economic zone Resources.

According to the application shows that the company plans in 35 years in the seabed digging capacity of 50 million tons / year, each year from the 5 million tons of iron ore. The southern Taranaki Bay mine area and the nearby Kupe block reported 1,698 million tons of iron ore resources in line with the Australian Mineral Reserves Joint Commission (JORC) standard, and the ferric oxide grade was 11.16%. In addition, the second phase of the mine block contains 2.37 billion tons of iron ore resources, ferric oxide grade 3.5%. The mines will be processed on a specially crafted integrated mining vessel of 345 meters in length, and the project is expected to begin exporting iron ore to Asia by 2020.

This controversial submarine mining project has undergone several months of controversy. Some members of the New Zealand Environmental Protection Agency’s decision-making committee still did not agree with the final outcome, on the grounds that the negative impact on the environment. Scientists at the New Zealand National Institute for Water Resources and Atmosphere also expressed concern about the mining operations in New Zealand’s exclusive economic zone. They argue that research shows that if deep sea mining activities are carried out at the bottom of the sea, some submarine biological communities will face the risk of disappearance.

State Council Information Office recently held a conference on the operation of the national economy in August. According to the data released at the meeting, in August, the national industrial added value above the scale of real growth of 6.0% year on year growth rate down 0.4 percentage points last month. Among them, the mining industry added value fell 3.4%; manufacturing growth of 6.9%, faster than last month to accelerate 0.2 percentage points. Manufacturing purchasing managers index was 51.7%, 0.3 percentage points higher than last month, for 13 consecutive months in the boom interval.

Data show that from January to August, the national fixed asset investment (excluding farmers) 3941.5 billion yuan, an increase of 7.8%, growth rate than 1 to 7 months down 0.5 percentage points. Among them, the state-owned investment 14382700000000 yuan, an increase of 11.2%; private investment 23914.8 billion yuan, an increase of 6.4%, accounting for 60.7% of the total investment. According to the industry, the first industry investment of 1270.2 billion yuan, up 12.2%; the second industry investment of 14.8229 trillion yuan, an increase of 3.2%, of which 12168 billion yuan investment in manufacturing, an increase of 4.5%; tertiary industry investment 23322 billion yuan, 10.6%. Infrastructure investment of 8.4748 trillion yuan, an increase of 19.8%. High-tech manufacturing investment increased by 19.5%, faster than the total investment of 11.7 percentage points. High energy-free manufacturing investment fell 1.6% year-on-year. Investment in fixed assets in place of 39620.7 billion yuan, an increase of 2.8%, faster than 1 to 7 months to 1.3 percentage points. The new project total investment of 3301.18 billion yuan, an increase of 2.2%, faster than 1 to 7 months to reach 0.3 percentage points. From the chain, in August the country’s fixed asset investment (excluding farmers) than last month increased by 0.57%.

In view of the fact that industrial production growth slowed down for two consecutive months, the National Bureau of Statistics spokesman Liu Aihua said that although industrial production has slowed, but regardless of year on year, the current growth should be said to be relatively stable growth The At the same time, 7-8 months, high temperature and rainy climate does have a certain negative impact on industrial production and management. In addition, the slowdown in industrial production and structural adjustment have a relatively large relationship. In August, the value added of high energy consumption manufacturing increased by 2.9%, down 0.4 percentage points from last month. And the pace of transformation and upgrading of the industry to maintain a faster growth trend, such as manufacturing added value increased 6.9%, 0.2 percentage points higher than last month; high-tech industry added value increased by 12.9%, 0.8 over the previous month Percentage point; equipment manufacturing industry added value increased by 11.6%, 0.9 percentage points higher than last month.

High-performance paint is a kind of surface used to enhance the physical properties of the varnish, can improve the surface of the object on the water, temperature and other environmental factors.

According to Transparency Market Research, due to the stability needs of many end-use industries, the paint market in the next few years may show steady growth. In 2017, the high global performance coatings market was valued at $ 7.91 billion, and by 2022 the market is expected to rise to more than $ 10.2 billion, up 5.2% year on year.

End-use industry demand is the main driving force

The global high performance paint market has become a key part of the global manufacturing growth. The steady growth of materials science is important for the global high-performance coatings market because it provides a relaxed and innovative channel for the market. Government support for the industry and private investment are likely to ensure a steady growth in the paint market.

The main driver of the global high-performance coatings market is the broad range of applications – such as consumer goods, automotive and aerospace, and is a major contributor to the market. The enhanced functionality provided by high performance coatings is critical in the manufacturing industry and may remain a key driver of the global performance coatings market.

The marine and power industries are likely to be critical to the coatings market in the coming years. The power sector is becoming more solid in the global economy, and it has been one of the preferred users of performance coatings to better protect wires and other electrical instruments. At the same time, the development of the power sector to provide users with more reliable services, but also lead to the global performance of the paint market demand.

Advances in power infrastructure, rising demand for alternative energy sources such as solar energy will also drive demand for high performance coatings. According to BNEF, 2016 global solar demand is about 70,000 megawatts, by the end of 2016 rated capacity of 160,000 megawatts. Least developed countries want solar energy to replace other high-cost energy demand is growing, which has become a key factor in the development of coating industry.

Various types of resins for the preparation of high performance coatings include epoxy resins, polyurethanes, polyesters and acrylic resins. Epoxy resin is the leading resin in the global performance coatings market. The business reached $ 2.92 billion in 2017, accounting for 37% of the global performance coatings market.

Europe will become another strong global market competitors

Geographic location, the global high-performance coatings market is divided into Japan in addition to the Asia-Pacific region, Europe, North America and the Middle East. Among them, the Asia-Pacific region other than Japan may still be a major regional contributor to the global high-performance coatings market, accounting for more than 30% of the global market during the 2017-2022 forecast period. By 2022, APEJ showed that the paint market would reach a valuation of $ 3.48 billion, with a compound growth rate of 6.2%. Japan may also be strong in the global high-performance coatings market to maintain strong competitiveness, by 2022, the region’s valuation will reach 1.12 billion US dollars, 2017-2022 forecast during the compound annual growth rate will reach 5.6%.

As a result of the resumption of manufacturing in Europe, the region has become another leading competitor to the global high performance coatings market. Europe’s high-performance coatings market is expected to reach $ 2.21 billion by 2022 and a compound annual growth rate of 4.5% during the 2017-2022 forecast period. The growth of local manufacturing centers in the United States has also driven the huge demand for high-performance coatings in North America – possibly from $ 1.58 billion to $ 1.98 billion during the 2017-2022 forecast period.

Throughout the world paint giant recent performance

Such as Akzo Nobel NV, Masco, Haihong Elder A / S, Jordan A / S, Valspar Coatings, Ashley Coatings, Nippon, BASF SE, PPG and other leading companies led the global coatings Market performance; and regional cooperation among industry participants may also be the next few years a feature of high-performance coatings market.

PPG: net profit of 835 million US dollars, an increase of 14.13%

July 20, PPG released 2017 mid-year report. Net sales during the reporting period were $ 7.292 billion, an increase of 1.36%; net profit was $ 835 million, an increase of 14.13%. Among them, high-performance coatings sector sales of 43.18 billion US dollars, down 1.35%; segment revenue of 69.8 billion US dollars, down 1.27%. Industrial coatings sector sales of 2.974 billion US dollars, an increase of 5.31%; segment revenue 537 million US dollars, down 3.59%.

Xuanwei: net profit of 558.3 ​​million US dollars, an increase of 2.74%

July 20, Sherwin-Williams released the mid-2017 report. Net sales for the reporting period were $ 6.497 billion, up 10.83% year on year; net profit was $ 558.3 ​​million, up 2.74% year-on-year. Among them, the Americas Group net sales of 43.894 billion US dollars, consumer brand group net sales of 859.8 million US dollars, high-performance coatings group net sales of 1.245 billion US dollars.

Akzo Nobel: net profit of 541 million euros, down 2%

On July 25, Akzo Nobel (AkzoNobel) released 2017 mid-year report. During the reporting period, sales revenue was 74.46 euros, up 4% year-over-year; EBIT was 837 million euros, up 1% year-over-year; net profit was € 541 million, down 2% year-on-year. (Note: net profit includes special chemicals business)

Nippon: net profit of $ 137.9 million, an increase of 19.4%

August 8, Nippon Paint (Nippon Paint) released 2017 mid-year report. During the reporting period, sales revenue was 291.55 billion yen, equivalent to 2.605 billion US dollars, about 17.646 billion yuan, an increase of 14.5%; operating profit of 35.49 billion yen, down 5.4%; net profit of 15.45 billion yen, About $ 137.9 million, an increase of 19.4%.

Ashley: net profit of 47 million US dollars, down 44.77%

August 3, Axal (Axalta) released in mid-2017 mid-year report. Net profit for the reporting period was $ 2,063.6 million, up 3.6% year-on-year; EBITDA was $ 305.1 million, down 17.14% year-over-year; operating income was $ 157.4 million, down 38.13% year-on-year. Net profit of 47 million US dollars, down 44.77%.

BASF: sales revenue of 1.997 billion euros, an increase of 30%

July 27, BASF (BASF) released in mid-2017 mid-year report. During the reporting period, the BASF coatings business sales revenue of 1.997 billion euros, an increase of 30%. Among them, the functional materials and solutions sector operating profit of 948 million euros, down 4%.

Ripa Mai: net profit of 182 million US dollars, down 48.74%

On July 24, Rampa (RPM) released its fiscal year 2017 (as of May 31, 2017), with revenues of $ 4.958 billion, up 3% year-on-year and net profit of $ 182 million US dollar, down 48.74% year on year.

Masco: net profit of $ 323 million, an increase of 20.43%

July 27, Masco (Masco) released in mid-2017 mid-year report. In the report period, sales were $ 3.834 billion, down 2.95% year-on-year; operating profit was $ 610 million, up 6.72% year-on-year; adjusted EBITDA was $ 676 million, up 4.59% year on year; net profit was $ 323 million, 20.43%. Among them, building decoration products (paint) sales of 1.158 billion US dollars, an increase of 4%.

Kansai paint: net profit of 522.6 million US dollars, an increase of 16.2%

On August 9, Kansai announced a 2018 fiscal year Q1 (April 1 – 30, 2017) performance, with sales of 894.16 billion yen, up 11.1% year on year; operating profit To 8.772 billion yen, an increase of 3.2%; operating profit of 10.893 billion yen, an increase of 15.6%; net profit of 5.888 billion yen, or about 526 million US dollars, an increase of 16.2%.

China Petroleum Representative Office Wang Shengzi in the “2017 Beijing – Moscow Silk Road economic and cultural exchanges and cultural dialogue,” the forum said that Russia will double the oil supply to China after one year.

He said: “As of May this year, Russia’s total oil supply to China reached 100 million tons a year after the amount will be doubled.”

“Our partner, Russian oil, is working to improve the infrastructure to increase the capacity of the oil pipeline,” added Wang Shengzi.

It is said that China’s “East Siberian-Pacific” oil pipeline project is underway, the construction period will be completed by the end of 2017.

NEW YORK (MarketWatch) – Asia’s acrylonitrile prices soared to $ 1680 a tonne (CFR Far East Asia), a record three and a half years, due to tight global supply this week. The last Asian acrylonitrile price hit the highest level was on February 3, 2015, was evaluated at $ 1,700 per tonne (CFR Far East Asia).

Extremely tight supply boosted the price of Asian acrylonitrile, and in recent weeks the combination of environmental problems between China and the United States unexpectedly compressed the output of acrylonitrile.

In the United States, the effects of tropical storm Harvey have forced the two major US acrylonitrile producers, Ascend Performance Materials and Inions Acrylonitrile, to announce their resistance to Texas acrylonitrile at the end of August and early September, respectively.

According to a source, Ascend Performance Materials has restarted its production process at its 454,000 t / yne acrylonitrile plant in Alvin, Texas, last week. But the market has said that since last year, the company’s acrylonitrile exports have been very limited, because the company has been in the distribution of acrylonitrile for the US domestic production of adiponitrile.

September 15, the Asian region p-xylene market closing price fell 4.5 US dollars / ton, the closing price of 817.5-819.5 US dollars / ton FOB Korea and 835.5-837.5 US dollars / ton CFR China.

LONDON (MarketWatch) – London Metal Exchange (LME) copper futures were steady Friday, helped by the dollar’s decline, but this week’s weekly decline was the biggest in March, as speculative buying pushed prices up to three After the high year, investors profit-taking.

Dutch bank analyst Casper Burgering said that despite the profitability of some investors, but the supply shortage and the largest metal consumer – China’s demand is stable, is expected to keep the price near the current level.

London time on September 15 17:00 (Beijing time on September 16 00:00), three-month copper closed up 0.1 percent at $ 6,508 per ton, down 2.8 percent this week. Copper fell from a three-year high of $ 6,970 hit on Sept. 5, but still up 18% so far this year.

Copper support at $ 6,300-6,400 between the 50-day moving average cut into place and 2015 high.

LME copper stocks this week increased by 67,600 tons, to 27.6025 million tons, an increase of May to the largest, to bring pressure on copper prices.

Increasing inventory support Copper is the highest in December 2009 compared to LME’s three-month copper premium, which rose to more than $ 40 per tonne in December 2009, indicating that there will be more copper deliveries in the coming days.

Spot aluminum, nickel and lead more than three months of futures premium also rose to high years.

But the spot zinc than three months of zinc lift, for the first time since February, by the closure of the Chinese mine after the immediate supply worries to promote.

Burgering, of ABN AMRO, said China’s rare announcement of a series of disappointing data shows that the economy has finally begun to lose some momentum, but China’s demand for metals will remain strong.

China’s August non-ferrous metal production fell to a year low.

The stock market and the dollar fell slightly, after South Korea launched a second missile over Japan. Weak dollar makes dollar-denominated metal prices lower for non-US investments.

Three-month nickel fell 0.9 percent to $ 11,090 a barrel, the lowest for August 21, and nickel prices have fallen more than 10 percent since the September 14 highs hit $ 12,380.

Three-month aluminum closed down 0.6 percent at $ 2,085 a tonne.

Three-month zinc closed up 0.87% at $ 3,031 per tonne.

Three-month lead ended up 2.3% at $ 2,359 a tonne. Lead price by the Shanghai Futures Exchange inventory decline support. Lead stocks in the previous period were down 44.5% from last Friday to 16,568 tonnes.

Three months of tin steady, reported $ 20,540 per ton.

September 15, the US styrene market FOB US Gulf fell 0.8 cents to 58.7-59.2 cents / lb, equivalent to 1291.4-1302.4 US dollars / ton.

September 15, the European styrene market FOB fell 7 US dollars / ton, ARA reported 1353-1354 US dollars / ton.