India’s Ministry of Commerce and Industry anti-dumping Bureau issued a notice on June 16, said its domestic industry applications, decided to China, the European Union, Kenya, Pakistan, Iran, Ukraine and the United States imports of soda ash initiated anti-dumping sunset review.

The survey is mainly related to the Indian Customs 283620 under the heading of the product, the investigation period from April 2016 to March 2017. Stakeholders may submit information to the Indian investigating authorities within 40 days from the date of filing.

An industry association executive said on Monday that about 12 new nickel smelters had ceased to operate in Indonesia, while other smelters were losing their jobs.

Jonatan Handojo, vice chairman of the Indonesian Smelter Association, said the thirteen smelters were “forced to stop production, as nickel prices fell to about $ 8,000 per tonne.” The thirteen smelters produced a total of 750,000 tonnes of nickel pig iron.

London Metal Exchange (LME) three-month nickel once hit a one-year low of $ 8,680 a tonne, which has fallen more than 10% this year.

Handojo added that in Indonesia, there are 12 other nickel smelters that can continue to produce, but they have suffered losses.

Indonesia introduced a policy in 2014 to limit the export of nickel ore, thus helping the construction of new smelters. That year, nickel hit a record high of $ 21,625 per tonne. The country at the beginning of this year canceled these provisions, allowing the export of nickel ore and bauxite in some cases.

Indonesian state miner Aneka Tambang resumed nickel ore exports last month.

Philippine and Indonesia’s nickel ore supply increased expectations, has been to make refined nickel prices under pressure.

In the world’s largest nickel supplier – the Philippines’ nickel ore production fell 51% in the first quarter, affected by the rain and the former environmental minister Regina Lopez ordered the suspension of mine operations.

But Lopez was removed from the legislators in May, and the successor of President Rodrige Duterte was welcomed by the miners. The country’s finance minister, Carlos Dominguez, has pledged to investors that they will no longer be able to shut down the mining operations.

According to the Russian satellite network on June 19 reported that the Russian oil company (Rosneft) experts in the La Putufi sea Hartanga Bay continental shelf drilling a exploration wells, found that the earth is full of oil.

Russian Minister of Environment and Natural Resources Sergei East Scoye said on June 18 that the oil field discovered by state-owned natural gas company Rosneft could be the largest oil and gas field on the continental shelf.

Earlier in the day, Rosneft said in a statement that the company had believed that they had discovered a fairly large new offshore oil field in the eastern part of the Arctic Ocean after the development of the approved Hartan block.

“I would like to extend my heartfelt congratulations to my colleagues that we can say that the oil field is very large and may be the largest oil field on the continental shelf,” he said in his social networking site Facebook.

Reported that in November 2015, Rosneft was allowed to carry out oil and gas development near the waters of Hatanga. In early April 2017, the company began drilling a drilling called “Central Olginskaya-1″.

The authorized development area is located at Khatangsky Bay on the sea of ​​Lapu Pfeiffer in the north of the Krasnoyarsk region. The area is very broad, about 17,217 square kilometers. Rosneft has 28 approved development sites on the bottom of the Arctic Ocean, with reserves of 34 billion tons of oil.

Since 2012, Rosneft has invested 100 billion rubles (about $ 11.8 billion) in the development of the Arctic Ocean,

International Energy Agency (IEA) said on Wednesday that the global oil supply surplus situation will continue until the end of 2017. At present, the Organization of the Petroleum Exporting Countries (OPEC: OPEC) to limit oil production efforts in the United States.

The IEA said in its much-paid monthly oil market report that crude oil inventories in industrialized countries increased by 1,860 million barrels in April. IEA said crude oil inventories in these countries were 292 million barrels higher than the average for the past five years. The IEA is the body that advises governments on energy trends. The level of crude oil inventories is an indicator of excess oil supply in the oil market. Sodium Molybdate

The above high level of inventory shows that global oil supply is larger than consumption, which drags crude oil prices lower than the level of OPEC oil production. OPEC, which consists of 14 countries, controls about 40% of the world’s crude oil production.

OPEC had previously cooperated with another 10 non-OPEC oil-producing countries and hoped that by March 2018, measures would be taken to limit its production to about 180 million barrels in October 2016.

However, the IEA said that the reduction schedule to spend more time than expected, to some extent because the US oil producers this year, the rapid resumption of production. IEA said the US crude oil supply is expected to grow 43 million barrels / day this year, 2018 will grow 78 million barrels / day.

IEA said that this is the vitality of this extraordinary, diversified industry, the US supply growth may be more rapid.Chitosan oligosaccharide

If the current trend is maintained, oil inventories will begin to decline this year, but will not fall to a five-year average until the March 2018 cut-off agreement expires, and the five-year average is an important goal for OPEC.

IEA said that they often say, want to see the oil market to achieve a balance of people to be patient.

IEA said that although oil prices at a relatively low level, but the oil production is still at a low level.

It is expected that oil production this year outside OPEC will increase by 70 million barrels and 2018 barrels in 2018, slightly higher than expected global demand growth. Only last month, due to OPEC and non-OPEC countries have increased production, the global oil supply increased by 58.5 million barrels / day. http://www.lubonchem.com/

British Petroleum (BP) chief economist Spencer Dale on Tuesday (June 13) in London, said on a one-day basis, the supply and demand of crude oil market by the end of 2016 has reached a balance, consumption growth faster than the supply is expected in the second half of 2017 Crude oil inventories will accelerate decline. Gamma-PGA (gamma polyglutamic acid)

5 months OPEC and non-OPEC oil producers in Russia have announced that the cut-off agreement extended to March 2018 has been extended to March 2018. Saudi Energy Minister Khalid Al-Falih also pointed out that the stock will be a global decline, and in the next 3-4 months to accelerate the decline in the end of 2017 by the end of the year to reach the five-year historical average of OPEC goal.

Although the OPEC monthly report showed May output rebounded, but the dollar weakened and the market expected US crude oil inventories will be recorded last week, is still to provide effective support for oil prices.Bacillus thuringiensis

“The current crude oil price is unsustainable because the largest producer of crude oil still has a large fiscal deficit,” Dale said. “OPEC can respond to a temporary impact on the market rather than a structural shock.”

He also stressed that the US shale oil production has been tough, any attempt to completely suppress the US shale oil initiatives “are meaningless.” Due to the United States shale and OPEC crude oil supply tough, is expected in the next three years will not be a shortage of supply situation.

BP expects the future of crude oil, natural gas will be sufficient supply. The next 20 years, crude oil demand growth will slow down, but before that, demand is unlikely to peak. http://www.lubonchem.com/

China ‘s oil refining capacity is surplus of over 100 million tons

Refineries need to be upgraded from fuel to chemical sodium selenite

At present, China’s oil refining industry overcapacity problems, some production capacity is facing exit or transition options. Recently held in Shanghai, China’s third session of the Forum on Sustainable Development of Petroleum and Chemical, experts believe that China’s oil demand growth slowed significantly, but aromatic and olefins and other basic organic chemical raw materials are still a large shortage of oil companies called for “fuel Type “to” chemical “transformation and upgrading.

Petroleum and Chemical Industry Planning Institute Vice President Bai Yi said that in accordance with the global refining business average operating rate of 83%, China’s refining capacity over 100 million tons; if China’s annual refined oil consumption of 315 million tons, 65% of the finished oil Rate and 80% of the operating rate calculation, the rational allocation of refining capacity of 610 million tons per year. At present, China’s existing refining capacity of 748 million tons per year, an annual surplus of 138 million tons. At present, China’s refining industry overcapacity rate of about 13% to 18%.Stannous sulphate

Taking into account the future of domestic economic growth rate, car ownership, natural gas and electric vehicle replacement and other factors, is expected in 2020 domestic demand for refined oil 370 million tons, an average annual growth rate of about 3.5%, according to 65% of refined oil Yield and 80% of the operating rate calculation, when the rational allocation of refining capacity should be 710 million tons per year, is expected in 2020 the national refining capacity of 820 million tons per year, when the excess capacity will remain at 110 million tons, the excess situation is still grim.

With the recent years, China’s crude oil imports “two rights” on the non-state oil refining enterprises gradually open, local refining capacity to be further released. As of the end of 2016, the state of 22 local refineries issued 8193 million tons of crude oil use quota, the local refinery operating rate rising. The trend of diversification of competition in the oil refining market is more obvious. At the same time, with the domestic refined oil pricing mechanism continues to improve, the oil market process gradually accelerated, local refineries with the price advantage and the flexibility of its business, multi-directional expansion of oil sales channels, refined oil market share steadily, Refinery in the impact of this share continue to decline, the domestic refined oil market competition is more intense.Bacillus thuringiensis

On the one hand, oil refining capacity has been expanding, on the other hand, China’s refined oil demand growth has gradually slowed down. China’s refined oil consumption in 2816 28.98 million tons, an increase of 5.0%, of which gasoline rose 12.3%, diesel fell 1.2%.

The development of alternative fuels will intensify competition in the domestic refined oil market. In recent years, the rapid development of alternative fuels, domestic transport alternative presents a diversified trend, and gradually formed a natural gas-based, electric vehicles, methanol, bio-fuels and coal oil and other energy development pattern. Although the new energy vehicle subsidies continue to recede, but the concept of low-carbon environmental protection and technological performance continues to make new energy vehicles are still full of charm.Sodium Molybdate

Independent new energy vehicles brand cloud of new energy vehicles, general manager of Liu Xinwen optimistic about the prospects for new energy vehicles. He said that the new energy vehicles have been deeply integrated into people’s daily lives. From a technical perspective, this is a new area, China’s own electric vehicle technology and international traditional car prices are not much difference, not afraid of international competition.

Experts believe that in the domestic refining capacity of a serious surplus, refined oil demand growth slowed sharply, but aromatics and olefins and other basic organic chemical raw materials are still a large number of shortages in the context of China’s oil refineries from the “fuel” to “chemical” transformation and upgrading Is the trend of the trend.

Bai Yi is expected to maintain long-term international oil prices in the $ 50 to $ 60 a barrel between the expected “13th Five-Year” period of China’s petrochemical industry to maintain the growth rate of 4% to 5%, and to speed up structural adjustment.Gamma-PGA (gamma polyglutamic acid)

“The current capacity of pure oil refining capacity must be cautious.” Bai Yi said that the current trend of China’s petrochemical industry, industrial restructuring trend is long-term, but also urgent, is expected in the “three five” during the adjustment will further accelerate the pace. In the future, the task of the oil refining industry will gradually shift from large-scale production of refined oil to meet the market demand for high-quality clean oil at the same time, as much as possible to increase the proportion of basic chemical raw materials such as olefins and aromatics, that downstream high-end new materials, special chemicals and Fine chemical industry development to provide more high-quality raw material security, so as to further expand the development of refining industry space, and promote the industry’s quality and efficiency and transformation and upgrading.

Experts also proposed to strengthen China’s new chemical materials and high-end special chemicals R & D and production. Bai Yi said that the development direction of high-end specialty chemicals is high performance and environmental protection. High-end specialty chemicals account for about 30% of the total amount of specialty chemicals, of which about 1/3 of imports.
http://www.lubonchem.com/

Yesterday, Bahrain, Saudi Arabia, Egypt and other countries have announced severance with Qatar, triggering investors on the crude oil market and OPEC production agreement concerns.

After breaking the news announcement, due to concerns about the international oil market volatility, oil prices appear short-term rise. But the market calm, oil prices fell. Crude oil prices also stimulated the petrochemical products up, the domestic asphalt, PTA (4772, 10.00, 0.21%) futures afternoon opening were slightly higher. However, both the crude oil, or PTA and other downstream chemicals, volatility is still within the normal range, Qatar off the event on the disk of the direct impact is relatively limited.Sodium Molybdate

Oil prices did not skyrocket

“The severance incident itself is a geopolitical factor, and the above countries are the Middle East oil-producing countries, which may lead to market concerns about changes in OPEC commitment to change.” An Xunsi crude oil researcher Li Li pointed out that the current crude oil prices in the shock interval The operation of the event, the impact of the event still need to observe whether there is an expansion of the trend, the short-term market is still based on news fried.

Russian Permanent Representative to Vienna International Organization Voron Kofu said that the situation caused by many countries with the Qatar interchange should not affect OPEC and non-OPEC national oil reduction agreement. “As for the agreement, this document is not political but economic tendencies, so I do not think it will have a certain impact on the implementation of the agreement.This is a multilateral agreement, and not all countries are separated from Qatar, I think, will not What ‘s the big change.

Zhuo record information analyst Zhu Guangming that Qatar’s crude oil production and production share is very small, and the key contradiction is not around the start of crude oil, the market is not worried about long, the oil market will not be a big fluctuation, at this stage The trend of crude oil will not change.

Zhu Guangming that Qatar’s share of production is small. Qatar’s production share of 30,000 barrels / day, compared to OPEC countries cut 1.2 million barrels / day, can be said to contribute little. Even if Qatar unilaterally torn down the production agreement, the impact on the oil market will not be reflected in the output, but more to other countries to comply with the contract to reduce the degree and confidence greatly reduced the uncertainty of the market. And this result is now unlikely to appear, because OPEC cut the country has the same goal – to reduce production down stocks, boost oil prices.Bacillus thuringiensis

US oil wells are the key

Some analysts have pointed out that in the history of the Middle East, breaking the incident is not uncommon, can not lift the big waves, because the Saudi government often engage in diplomatic “big move” out. Last year, in the process of achieving a cut-off agreement, Saudi Arabia and Iran broke down because of conflicts of interest. Crude oil production in these two countries ranks first and third in OPEC countries. While the oil prices at the time although there was a certain fluctuation, but did not have a long-term impact on oil prices. The two countries then shook hands and jointly promoted the achievement of the cut-off agreement.Chitosan oligosaccharide

The industry said the current decision to oil prices more important factors in the United States, rather than the Middle East. Trump Announces US Exit from the Paris Agreement The market is concerned that US crude oil production may grow faster than it is now. At present, the US energy companies for the 20th consecutive week to increase the number of active rigs, shale oil wells rapid growth so that oil prices rose space is locked. Oil service company Baker Hughes on Friday released the report shows that as of June 2 the week, the US active oil rig increased by 11 to 733, the most in April 2015. This is more than twice the same period last year, when the number of active rigs was only 325.

It is noteworthy that, with the number of oil drilling rigs up, US oil production rose nearly 10% over the same period last year. As of May 26 the week, the US EIA oil production increased by 2.2 million barrels / day to 934.2 million barrels of 21-month high, repeatedly refresh the output since August 2015 record, with the peak 960 million barrels / day gap Less than 3%. Consultants Rystad Energy cited oil production changes lagging behind the history of the number of rigs, saying that the end of this year’s US oil production will be on the 10 million barrels / day mark, approaching Saudi Arabia and Russia’s daily output.http://www.lubonchem.com

General Administration of Customs data show that in 2017 from January to April, China’s paint industry, the total import and export of 482 million US dollars, an increase of 4.31%.Gamma-PGA (gamma polyglutamic acid)

Among them, the total imports of 52,900 tons, an increase of 5.33%, total imports of 285 million US dollars, an increase of 3.96%; total exports of 59,900 tons, an increase of 14.06%, the total export value of 197 million US dollars, An increase of 4.81%.http://www.lubonchem.com/

While the OPEC countries are struggling to cope with the impact of shale oil production in the United States, production cuts are suddenly spoiled. Sodium selenite

On Wednesday, Libyan National Oil Company (NOC) said that with the largest oil field to solve technical problems, Libya crude oil production rose to 79.4 million barrels / day, an increase of about Liu Cheng, this week is expected to refresh the past three years, the highest single-day average daily oil record of 800,000 barrel.

Affected by the global crude oil prices diving again, as of June 1 at 17:00, the United States WTI crude oil futures contract price hovering around 48.88 US dollars / barrel, intraday hit a 25 May OPEC reached a new agreement since the lowest price $ 47.74 / barrel.

“If the dollar index fell below 97, so that oil prices get a breather, Libya production may make oil prices fell directly to 45 US dollars / barrel integer mark.” Crude oil research institutions Clearview Energy Partners Managing Director Jacques Rousseau told reporters in the 21st century economic report The

In his view, this is precisely the OPEC new production agreement a huge loophole – May 25 OPEC reached a new production agreement did not Libya, Iran, Nigeria into the cut category, leading to these countries have increased production, competition for OPEC cut Under the market blank, and further increase the market for excessive supply of crude oil concerns. Stannous sulphate

More importantly, the Libyan and other oil-producing countries to increase production behavior so that the global crude oil market game pattern has become more complex, the original market that OPEC countries did not increase the rate of production cuts, the main reason is to use low oil prices to squeeze the US shale oil Out of the market, regain crude oil market pricing. Now their spoiler, it is likely to appear snipe clam clash, fisherman profit situation, that is, OPEC and shale oil fight each other forced to leave each other, Libya and other countries took the opportunity to squeeze more market share, so that crude oil supply pattern Further aggravated by the OPEC set the global crude oil commercial inventories compressed to the average of the past five years below the target will become far away.

Recently, JP Morgan Chase also lowered the 2018 US oil price is expected to 11 US dollars to 42 US dollars / barrel.

“At the moment, only a weak dollar may be able to save the decline in crude oil, but the shadow of excess supply still makes financial institutions can not easily chase oil prices.” Jacques Rousseau analysis, June 1 WTI oil prices can bottom out slightly 1 %, An important driving force is the dollar index fell below the 97 mark, attracting many large global asset management institutions to buy crude oil hedge against the dollar fell risk. “However, it is still unknown how long the weak dollar can support oil prices in the face of a dollar’s rate hike in June,” he said.

Spoiler of the “lethality”

On May 25, OPEC and the non-OPEC oil-producing countries, led by Russia, agreed to extend the cut-off agreement for nine months and maintain a reduction of about 1.8 million barrels per day.

However, this did not restore the recent weakness in oil prices. WTI crude oil futures fell below $ 50 mark the day, to close at 48.90 US dollars / barrel, the lowest value of the week. Bacillus thuringiensis

In the eyes of the industry, the reason why oil prices ignore the profit and bear effect, mainly because OPEC did not Iran, Libya and Nigeria and other countries into the scope of production, the market worried that these countries may increase crude oil production, weakening OPEC new agreement effect.

Soon, this fear becomes a reality.

According to reports, in addition to the Libyan National Oil Company (NOC) announced on Wednesday production, the Iranian National Petroleum Corporation (NIOC) board of directors also approved a new production target – by March 2018, crude oil, natural gas and condensate production increased 8%, 17% and 29%, and strive to achieve a long-term average of 4.7 million barrels / day in mid-year.

In the case of Amrita Sen, chief oil analyst at hedge fund Energy Aspects, Libya and other countries have not made any increase in production, which is not surprising – when OPEC countries cut production, these countries will never let go to increase production to expand market share. Good opportunity. Chitosan oligosaccharide

According to OPEC previously reached a cut agreement, OPEC largest oil producer Saudi Arabia committed a daily reduction of 48.6 million barrels, the highest daily output down to 1005.8 million barrels; OPEC second largest oil producer Iraq committed to cut 21 million barrels per day, To 435.1 million barrels per day; OPEC’s third-largest oil producer, Iran, was allowed to raise its production to 379.7 million barrels per day.

In practice, Iran, Iraq and other countries just to seize this clause continue to expand production. Some agencies estimate that Iran’s output in February this year has exceeded the quota agreed by the cut-off agreement, Iraq in March did not comply with the basic agreement.

This makes a lot of OPEC countries to implement the cut agreement dissatisfied, in order to defend their own market share, they turn to take more measures to increase the efficiency of OPEC production agreement greatly reduced. US energy industry consulting firm JBC Energy data show that in May OPEC production reductions in production, production has rebounded, specifically, 14 OPEC countries, the average daily production from 32.5 million barrels to 37 million barrels, the implementation rate of production agreement by the 96% in April fell to 92% in May.

JBC energy analyst Benigni told reporters in the 21st century economic report that the results of these countries “infighting” will be the transfer of global crude oil pricing from OPEC to the United States.

He bluntly, the current reason why the financial market bearish crude oil prices, an important reason is the US shale oil production, is changing the global crude oil market supply and demand map. According to Baker Hughes, the world’s third largest oilfield service provider, the number of US oil drilling rigs last week increased by two to 722 units, and the number once again set a new high since April 17, 2015. Sodium Molybdate

“This is also the positive effect of OPEC’s new production agreement has been repeatedly ignored by the market, while Libya, the United States and other production behavior has a sign of trouble, the market quickly short selling crude oil arbitrage root causes.” Benigni pointed out.

OPEC sniper US shale oil abacus “fall”

In the industry view, Libya, Iran’s increase in production, to some extent undermined the OPEC sniper American shale oil abacus.

Earlier, the market rumors that OPEC did not expand the implementation of the agreement, an important reason is OPEC attempts to use low oil prices strategy to force the US shale oil shrinking due to profits out of the market, to regain the global crude oil market share and pricing discourse.

Specifically, when US President Trump visited Saudi Arabia, rumors that Saudi Arabia and Wall Street hedge funds conspiracy to restore crude oil prices in the spot premium (that is, the recent contract price is higher than the forward contract price), on the one hand to protect the OPEC countries get relatively high Of the oil export earnings to stabilize the financial situation, to avoid some of the countries within the OPEC secretly reduce the effect of weakening production agreement; the other hand, by suppressing long-term crude oil contract prices to shrinking US shale oil profits, the United States shale oil companies related financing constraints , Step by step to compress American shale oil production.Gamma-PGA (gamma polyglutamic acid)

However, to achieve this goal, OPEC must be divided into four steps: First, continue to cut production, as much as possible so that OECD crude oil stocks return to the normal level below the five-year average, driven by the recent contract price rise; Second, OPEC continue to release the sound of future production, To reduce the long-term oil prices; third with hedge funds sniper crude oil short power, completely reverse the market bearish oil prices; Fourth, to ensure that the situation in the case of rising water, the gradual recovery of production to seize market share.

However, OPEC’s abacus is with Libya and other countries of the spoiler was destroyed. The only change, perhaps the right to speak of crude oil, transferred from the United States to Libya, Iran and other countries.

Many financial institutions even believe that Saudi Arabia and other OPEC countries take a step “dangerous game” – crude oil spot premium will drive more oil-producing countries to expand the current production capacity, leading to the global oil supply surplus situation further increased. Moreover, many oil-producing countries have long seen through OPEC’s abacus, quietly increase oil production capacity to gain greater market share and immediate benefits. Such as Iraq this year, crude oil production increased from 435 million barrels to 500 million barrels / day, Libya also plans to add 50 million barrels / day, the output will return to 120 million barrels / day high years.http://www.lubonchem.com/

As a direct downstream industry of the dye industry, China’s printing and dyeing industry in the “Eleventh Five-Year” period has developed by leaps and bounds. Printing and dyeing cloth production average annual growth of 10.69%, industrial average annual output growth of 15.05%, average annual sales growth of 15.10%, sales rate to maintain a high level. Sodium Molybdate

After 2011, by the labor, raw materials and energy costs, energy saving and environmental protection pressures increasing and the industry as a whole into the transformation and upgrading period and other factors, printing and dyeing cloth production from 59.330 billion meters in 2011 to 509.53 in 2015 Billion, but the printing and dyeing industry, fixed asset investment has been gradually restored, the total investment in the industry, the number of new projects to maintain a high growth rate, printing and dyeing enterprises operating income and profits improved significantly. Therefore, the continuous development of China’s printing and dyeing industry will effectively protect the demand for dye products.

After years of continuous competition and integration of market competition, China’s dye production concentration continues to increase, the industry has the scale, technology, capital and first-mover advantages of enterprises, such as Zhejiang Longsheng, Runtu shares, Jihua Group, etc. have The development of adult sales of billions of dollars of enterprise groups, Zhejiang Longsheng, Runtu shares, Jihua Group, the total output of dyes, more than the next year, has been ranked the top three national dye production, has become a world-class dye companies
Gamma-PGA (gamma polyglutamic acid)