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September 25, by the National Development and Reform Commission of China Investment Association emerging industry center jointly Tianyuan Xi Wang, the former sea Indus jointly set up the scale of 20 billion yuan of graphene industry parent fund officially launched in Nanjing. The fund to “capital + industry” as the core, the construction of graphene ecological circle, to solve the problem of slow development of graphene industry, to help innovation and development.

Graphene is the world’s thinnest, hardest, least resistive nanomaterials with ultra-high strength and ultra-high thermal conductivity. However, downstream applications of graphene are advancing slowly. Data show that the current annual production capacity of domestic graphene material to maintain at around 3,000 tons, while the demand is only 100 tons. The downstream market for graphene remains to be further developed.

Tianyuan Xi, general manager of Huang Li Gui said that the industry are exploring two issues: First, how to get high purity graphene, the other is graphene can be applied to all walks of life. “As of 2016, we got 9022 patents related to graphene, half of which are domestic applications, and the biggest challenge is that there is no material breakthrough in downstream applications of graphene.”

Not a lot of reasons to break, there are technologies, standards, consumer habits and many other issues, capital investment is not an important reason. National Development and Reform Commission, vice president of China Investment Association, said Liu Ren, industrial development needs financial support, especially the demand for investment in graphene industry is huge. China Investment Association, the emerging industry center jointly with the former sea Wutong M & A fund, Tianyuan Xi Wang co-sponsored the total size of 20 billion yuan of China’s graphene industry parent fund, is to through the fund to promote the development of graphene industry technology, project incubation, product innovation and development , Gravel industry upstream and downstream of the key areas of application of industrial integration and conversion of graphene scientific and technological achievements.

Former sea Indus president Xie Wen Li said that the former sea Indus choice of investment must be able to solve the pain of society. The reason why the application of graphene is not widely promoted is a problem in the supply and cost of raw materials. When the cost of the material does not have the market competitiveness of the time, manufacturers will not dare on the scale, otherwise it will be a loss. At this point, if the capital with the power to find more innovative graphene enterprises to help the healthy growth of enterprises, will be able to achieve the fastest speed of graphene industrialization.

As of September 25, Shandong propylene market price of 8200 yuan / ton, near the beginning of July rose 19.2%. Shandong propylene market price is already in the year high, but its downstream market in general. What is the reason? Let us look together.

Downstream market weakness, market support is limited

Polypropylene, butanol and propylene oxide, as the three major downstream propylene, the impact on the propylene market. Polypropylene powder market price is relatively stable, stable at 8600 yuan / ton in the vicinity. But the price of polypropylene futures fell, down 6.41% higher than the previous high, powder shipping pressure. Powder pellet spreads smaller, powder sales pressure, part of the factory losses, market weakness. The propylene oxide market has experienced a sharp decline in the market after the peak of August. Early high 13,500 yuan / ton, as of September 25, propylene oxide prices fell to 10,000 yuan / ton cash factory, the higher fell 25.9%. Octanol market prices are relatively stable, stable trend, but the early octanol high in the 9100 yuan / ton in the vicinity, as of September 25, octanol prices fell to 8600 yuan / ton, the higher down 5.49%. From the downstream trend of propylene can be seen, the current downstream market conditions are relatively weak, limited support for the propylene market. But in the downstream market situation weakened, why can the propylene market can be strong, and even continue to rise it?

Part of the downstream profits considerable, positive for the procurement of propylene

The main downstream propylene propylene propylene, butanol, acrylonitrile, acrylic and other products are relatively substantial profit margins, although the decline in propylene oxide prices, but the profit is still around 2,000 yuan / ton; octanol prices stable at 8600 yuan / ton, Profits are significantly lower than the previous period, but the profit is still 750 yuan / ton, acrylic, acrylonitrile and other products are in the profit of 2,000 yuan / ton, a strong support for propylene. Polypropylene powder profit although the reduction, even in the vicinity of the cost line, but the pre-profit situation is better, good support for propylene.

Downstream start load high during the year to support the market

Propylene downstream operating rate (20170707-20170922)
Date powder PO n-butanol octanol acrylonitrile acetone acrylic acid acrylic method ECH isopropyl alcohol
7 July 59.14% 84.00% 61.87% 82.93% 87.00% 76.75% 55.00% 81.24% 83.33%
September 22 62.10% 83.00% 74.46% 98.96% 83.87% 76.00% 62.00% 85.11% 53.00%
% 2.96% -1.00% 12.59% 16.03% -3.13% -0.75% 7.00% 3.87% -30.33%

The downstream market conditions weakened, but the factory started relatively stable, the start load in the year high, polypropylene powder, butanol, acrylic and other major downstream factory operating rate rose sharply, propylene oxide operating load although a slight decline, but still in the year High position. Downstream start load is high, stable demand for propylene procurement.

In summary, the propylene market has been able to strong rise, and the downstream high profits and high start is inseparable. Downstream factories have stocking demand, propylene market shipments improved. Part of the factory equipment maintenance, and individual factories to reduce the amount of long, good support for the propylene market. Refinery inventory low, very price intention strong, pre-holiday high market consolidation of propylene. But the polypropylene powder market is not optimistic about the current market, the spot price upside down, shipping pressure. If long-term losses, it will cause the impact of emission reduction, the propylene market has a greater threat, we must pay close attention to the market trend of polypropylene powder.

At the beginning of the Week, the industry there is no shortage of crude benzene bearish expectations, the relevant information on the surrounding side of the support is not big. Specifically, the benzene outside the disk last week, the cumulative increase of 5-9 US dollars / ton; crude oil rose crash, the market mentality is also insufficient support; domestic benzene market sideways mainly, the styrene spot market to discuss warmer, but temporarily Huaxi disk rebound strength is not.

This week, crude benzene down space is more limited, environmental protection factors still affect the production of coke. The fourth round of environmental protection inspection is nearing completion, but the new limited production action or will start ahead, or will continue until the end of November. This month, the three major producing areas of crude benzene in succession in a state:

Shandong long-term subject to environmental supervision, Luzhong started in the 5-7 into the southwest of Shandong started different, some limited production 1-2 into the majority of limited production 3-4 percent, but the latter point of view, by the National Day and ten Nine held the impact of Shandong part of the city belongs to the “2 + 26″ urban area, so 11 months before the start of the focus is difficult to start, and some coke oven shut down before October.

Shanxi region has been to maintain high-load production, but from last Friday, Taiyuan, the collective limited production of 3 percent, the individual requirements of limited production efforts; Changzhi area recently started in 5-7 into short-term recovery is not high; Linfen The region has confirmed the current limited production 1-2 into; Luliang, Changzhi, Linfen and other places will soon launch a strict limited production program.

Hebei region, after September 20 or will continue to implement the limited production of 30%. Among them, Handan, Xingtai and Wuan and its surrounding has been out of 2.2 million tons of production capacity, accounting for Hebei Province, 2017 – 2018 period out of coke production capacity of 24.44%. Tangshan area before the full load started, whether the implementation of the latter part of the production to be determined. Shijiazhuang area has a certain limited production in the near future, but most of the higher start to maintain the level, due to “2 +26″ environmental impact of urban environmental protection, start or will be subject to certain restrictions, the latter part of the coke prices are also possible.

To sum up, gold nine silver ten period, the coke business will have a certain impact, crude benzene market easy to rise or difficult to highlight the property once again highlighted, Hebei Huafeng light benzene tender results in the afternoon of 5165 yuan / ton, but also to some industry accidents. On the one hand is the recent factors that affect the market factors, on the other hand, this and pure benzene market temporarily stable disk also have a certain relationship. Therefore, the overall atmosphere of crude benzene market this week is still weak, slightly adjusted mainly.

According to the latest news of China Petroleum, China Oil President Wang Dongjin 7 in Kazakhstan Astana Eurasian Energy Forum, said China and Kazakhstan oil and gas cooperation in 20 years fruitful, and achieved good economic and social benefits. CNPC’s oil and gas equivalent in Kazakhstan shares increased from 3.19 million tons in 1997 to 30 million tons since 2010, with a total production of 290 million tons of crude oil and 54.44 million tons of refined oil. As the largest foreign investment in Kazakhstan, China Petroleum accumulated Invest more than 42 billion US dollars, providing more than 30,000 jobs directly.

Wang Dongjin introduced, 20 years, China and Kazakhstan oil and gas cooperation in the field of continuous expansion, has formed a set of oil and gas exploration and development, pipeline construction and operation, engineering and technical services, oil refining and sales in one of the entire upper and lower business chain, and non-resource cooperation Has made a breakthrough; the establishment of a set in line with local laws and regulations and international practice of corporate governance structure and management system.

In the area of ​​exploration and development, PetroChina, with the rapid exploration and development business of Kazakhstan in urgent need of the exploration and development business, to save the old oil fields and discover new reserves: the use of advanced exploration theory and technology, found the largest land in Kazakhstan since the largest oil field – North Troyes oil field, in the exploration of a higher degree of the South Tulige basin increased by tens of millions of tons of crude oil recoverable reserves; the use of complex thick salt hill drilling technology, the successful solution to Kenjiak salt oil field development problems; Improve the recovery rate and horizontal wells drilling technology, successfully solve the so that the oil field, Kalamaski oil field and hot oil field in the development of the late oil field production and production issues, the current Chinese oil in Kazakhstan through equity or sole proprietorship Operates seven exploration and development projects.

In the field of oil and gas pipeline construction, China Petroleum and Kazakhstan oil co-investment to build a gas transmission capacity of 55 billion square meters of Kazakhstan natural gas pipeline, has accumulated more than 190 billion square meters; built annual oil capacity of 20 million tons of crude oil Pipeline, the cumulative oil has more than 100 million tons; built a natural gas pipeline Hanan, Kazakhstan to achieve the “West Gas” to the people’s livelihood projects.

In addition, China-Kazakhstan cooperation focus on mining and the use of local talent, training a number of technical backbone, management experts, staff localization rate of 98.3%. PetroChina also strives to participate in local public welfare undertakings, with a total investment of US $ 350 million over the past 20 years, covering infrastructure, education, health care and culture.