</td> </tr>
<TABLE cellSpacing=3 cellPadding=0 width=550 border=0>
<TBODY>
<TR>
<TH title=style8> </TH> </TR>
<TR>
<TD>
</TD> </TR>
<TR>
<TD Height=25>
</TD> </TR>
<TR>
<TD title=style5>
According to foreign periodicals on July 11 reported that due to rapid growth in global demand for polyurethanes, diphenylmethane diisocyanate (MDI) of raw materials in the world demand of 6% / year growth rate of growth in Chinese demand continues to grow at double digit growth, Therefore, many manufacturers have increased production capacity in China to expand market share. Most analysts agree that the Chinese market before 2008, demand will continue to maintain strong, the United Kingdom London NexantChemSystems Zixun company projects Jing Li MarkMorgan analysis pointed out, 2008 will be the needs of the watershed MDI as the 2008 Beijing Olympic Games role in promoting the Chinese construction market and demand will be MDI main driver of demand, but demand might occur after the 2008 slowdown. In addition, with rising labor costs in China, automotive and footwear production costs will increase continuously, will certainly affect the demand for polyurethane. MDI is expected to demand in China after 2008 to 8% growth rate is likely to continue to grow, but also higher than most developed countries, the demand increases.
MDI in China is the largest project is the production of raw materials Caojing Bayer Chemical Park in Shanghai, the construction of 350,000 tons / year plant,rapid molding, originally planned capacity of 230,000 tons / year, the project will serve as the Bayer Corporation Shanghai total investment 1.8 billion as part of the joint plant to start production in 2008, also will be the world's largest of its kind device.
In addition, other Chinese MDI projects include: Shandong Yantai Wanhua Polyurethane Co.,(Related Articles:make plastic mold 51 After Plastic PE, PP would steadily ris), Ltd. is Ningbo building capacity 160,000 tons / year MDI project, plans to end production, and is considering three years, according to market conditions,custom mold, to expand production capacity to 300,000 tons / year, the company currently operates in Yantai, a set of 10 tons / year MDI plant.
By the BASF,rapid prototype, Huntsman Corporation, Shanghai Huayi Group, Sinopec Shanghai Gao Qiao Shanghai Chlor-Alkali Chemical Company and invest one billion U.S. dollars joint venture in Shanghai Chemical Industry Park Development isocyanate production plant will be the integration of raw materials July 1 next year in full production, will produce 240,000 tons to / year of crude MDI raw materials and 16 tons / year TDI materials. Huntsman Corporation earlier this year that China PU demand is growing rapidly,(Related Articles:rapid prototype MDI demand for the next three years China wi), the next 12 years will be 10% / year growth rate continued to increase, by 2015 China will become the world's largest polyurethane market.
An official familiar with the development of China's auto industry, said late last year,(Related Articles:rapid prototype European CE-MD instruction on the), this year China's demand for polyurethane automotive industry will reach 96,000 tons in 2010 will reach 152,000 tons. Recently, Dow polyurethane, and thermosetting plastics, vice president of PatDawson also predicted that demand for all polyurethane products will be strong growth. Polyurethane production in Asia has also increased moderately, BASF and Mitsui Chemicals, Japan said it would have a significant expansion in China before 2007 polyurethane production.
</TD> </TR> </TBODY> </TABLE>
</td> </tr>
<TABLE Align=center>
<TBODY>
<TR>
<TD Align=middle height=10> </TD> </TR> </TBODY> </TABLE>
<TABLE title="WORD-BREAK: break-all" cellSpacing=0 cellPadding=0 width="100%" border=0>
<TBODY>
<TR>
<TD title=Content2> </TD> </TR> </TBODY> </TABLE>
<TABLE title="WORD-BREAK: break-all" cellSpacing=0 cellPadding=0 width="100%" border=0>
<TBODY>
<TR>
<TD title=Content> the "Chinaplas 2006" news conference, Shanghai Plastic Industry Association, said the Secretary-General Liu Jingfen in East China in 2005 the plastics industry booming, a huge share of 42% of the plastics industry continues to occupy the leading position to attract a large number of international capital.
Liu Jingfen said that the Yangtze River Delta region to become the locomotive of China's economic development,(Related Articles:rapid prototype Development will be ushered in the), according to statistics, in the production of plastic products in China in 2005 ranked the top five provinces in four are from East China,custom mold, namely Zhejiang, Jiangsu,rapid prototype, Shandong and Fujian. In recent years, the plastics industry in East China maintained strong growth momentum of rapid development of the plastics industry to attract a large number of international capital, major multinational corporations have increased the city in East China investment.
China Plastics Processing Industry Association,(Related Articles:design tooling This year agricultural film raw mat), Liao pointed out that China's plastics industry,(Related Articles:plastic product design March 80 U.S. dollars by the end of t), there are still low overall skill level, industry structure, competitive products, scientific and technological strength has been insufficient technical structure optimization problem urgently. In addition, as the world entered a period of high oil prices, higher prices of plastic raw materials to China's plastics industry has brought considerable pressure.
</TD> </TR> </TBODY> </TABLE>
<TABLE CellSpacing=0 cellPadding=0 width="100%" border=0>
<TBODY>
<TR>
<TD title=Rel vAlign=top>
<TABLE title=relbox cellSpacing=0 cellPadding=0 width="100%" align=center border=0>
<TBODY>
<TR>
<TD VAlign=top> </TD> </TR> </TBODY> </TABLE> </TD> </TR> </TBODY> </TABLE>
</td> </tr>
<TABLE cellSpacing=3 cellPadding=0 width=550 border=0>
<TBODY>
<TR>
<TH title=style8> </TH> </TR>
<TR>
<TD>
</TD> </TR>
<TR>
<TD Height=25>
</TD> </TR>
<TR>
<TD title=style5>April's rate of decline did not fall enough, resulting in siltation and the market prices of goods do not fall bit that was in May of the market continued to fall ready. Of course there are other reasons. 1. 51 before and 51 during the difficult delivery,rapid prototype, which is a lot of dealers and direct experience. And petrochemical plants, and imports are out together in the market for nearly half a month's time, the upstream supply ship can not keep up,(Related Articles:design tooling Chemical Development of new materia), so overall there goods deposition phenomenon. Included in the hands of traders and the port. 2. 51 does not trade during the busy holiday in the heart on the fight may be far greater than the number of shipments. Many people are helpless hoping 51 may rebound later. There are many people who do a 51 after Paohuo preparation. Paohuo because the first is due to inventory pressure, also can not see any positive aspects. 3. Maintenance of the domestic petrochemical capacity in April and May quite. The Secco and BASF-YPC through April in the early stage of the month after will be more mature and stable, the impact on the market will be fully revealed. 4. After the temperature rose into May,rapid molding, may be affected by limited power capacity. 5. Throughout the decline of other chemicals, are duty-bound look plastic and found that a significant decline in value space. These are the personal views of some shallow. Some more bearish,make plastic mold, the oil may be good, but it is oil that may be floating up and down in 50, the other the impact of the oil has become increasingly weak,(Related Articles:plastic product design Plastic raw material market price ove), and they do not appear continuous spike basic little effect.
Some other reasons in May of possible movements of foreign currencies in May if there will be major problems, another room where the annealing can affect the whole financial chain.If postganglionic really fell, then to the end of May or early June may occur when a low ^ _ ^, not down it is no rises. The same as life and death. We see open spots. But the need for decompression or decompression bar, set too many this year that could be more trouble.
</TD> </TR>
<TR>
<TD title=l17 align=right> </TD> </TR> </TBODY> </TABLE>
</td> </tr>
<TABLE cellSpacing=3 cellPadding=0 width=550 border=0>
<TBODY>
<TR>
<TH title=style8> </TH> </TR>
<TR>
<TD>
</TD> </TR>
<TR>
<TD Height=25>
</TD> </TR>
<TR>
<TD title=style5>Entered in August, oil prices hit new high, up to 67 U.S. dollars. The industry believes that surging international oil prices, are devouring the profits of the domestic petrochemical industry, rising costs and falling demand will lead to a downward cycle of the petrochemical industry.
Industry believes that, on the downstream refining and petrochemical enterprises, the costs rise and marginal drop in demand will lead to a downward cycle of the petrochemical industry. Fellow then commander of Jiangnan Securities, said first, the domestic economy will steadily decline, domestic demand for petrochemical products has slowed down, on the one hand it difficult to support petrochemical petrochemical enterprises transferred higher cost pressures, makes petroleum products gross profit margin decline. On the other hand, the domestic refined oil pricing mechanism is difficult to make timely adjustments to oil prices, crude oil processing gross margin decline, while domestic energy shortage, but it is still difficult to raise. These two constraints petrochemical corporate earnings growth, Sinopec is expected to slow corporate earnings growth,(Related Articles:rapid molding Examples of waste plastic recycling),rapid prototype, or even began to fall during the year.
Guoxin Securities analyst Lin Tian petrochemical industry also said China's export growth and investment in the second half of the growth rate of the decline to the marginal decrease in demand Yamba and SECCO ethylene plant put into operation two new capacity 10% marked decline in gross margin is expected to fall into the cycle of domestic petrochemical industry.
Lin Tien said that the current price of oil in 2005 than in 1995 to a peak of twice the world's petrochemical, petrochemical industry, cyclical boom has peaked. According to the National Letter of securities statistics,plastic product design, in the first half compared with the Shanghai Petrochemical plate index rose to 0, the absolute drop of 20%. Domestic chemical companies more sensitive to the cyclical high oil prices eat a round peak gross margins, into the down-cycle began to increase synthetic petrochemical products prodution tooling, plastic products, profits were down, which run the chemical fiber industry more severe. First half of the chemical fiber production 73.75 billion tons, an increase of 8%, down 21.8 percent year on year; profit of 1.8 billion, down 43% over the same period last year, profits are up 52.1%; loss of corporate loss of 15.5 billion, an increase of 1.27 times the same period last year is down 4.3%.
Galaxy Securities Liu Xiangdong that only 2% revaluation of the RMB to the relatively large amount of imported oil the oil and petrochemical enterprises to benefit from, such as PetroChina, Sinopec's earnings per share will increase by 1-2 cents. However, the downstream petrochemical industry, chemical industry enterprises, particularly because the majority of exports than imports, not only by the squeeze of rising raw materials will also be on the impact of RMB appreciation to lower profits. He believes that the differentiation of the petrochemical industry has been inevitable, with the exception of chemical fertilizers, pesticides and other agro-chemicals listed companies under the state's preferential policies to support some growth, the chemical industry profits will fall sharply.
Lin Tien said the decline in prices and spreads will directly lead to reduced profits, the corresponding lower bound is the long-term valuation. Sinopec shares A shares currently REP between 0.5 to 1.0, the basic trend reflects the down-cycle. Chemical enterprises will tend to average higher return on investment, including Sinopec Yangzi Petrochemical and higher margin of safety. Option to change will bring home about 20% of the premium, although the trend will not change the industry cycle, but the down-cycle strategies will no doubt continue to participate in strategic and tactical holdings better.
Gregoryhigh oil prices high deficit
U.S. stocks
three high constraint old freelance writer Yu
Last week, the U.S. stock market sharply oscillation Dow, the Nasdaq continued to fall. Fed rate hike, soaring oil prices because the market oscillations. This week, oil prices will continue to be the focus of the market, while high oil prices and high interest rates, high trade deficit will jointly restrict the movement of U.S. stock market.Interest rates are still expected
Last Tuesday, the Federal Reserve to price pressures in the U.S. economy increased its key interest rate on the grounds raised to 4-year high, and that began in mid-2004 will continue its gradual increase in interest rate policy. Fed policy makers voted unanimously to raise the federal funds rate by 0.25 percentage point to 3.5%. The rate hike was in June 2004 the tenth since the Fed raising interest rates, Alan Greenspan as Fed chairman in 1987, the longest since the rate hike process.
The author believes that the U.S. economy, the existing interest rate is not high. However, soaring oil prices, real estate continued to climb in the case, the Fed desperation,(Related Articles:plastic product design March 21 _146 inventory of plastic ma), only raising interest rates. In the long run is bad.
Oil prices
New York crude prices recently has broken through 67 dollars a barrel, straight record high. Some organizations even predicted oil prices in the near future may be 75 dollars a barrel, oil prices so high this type of oil to the United States highly dependent on the country's economic impact is tremendous.
United States is currently very strong economic growth is a fact, but if oil prices continue to rise, U.S. economic growth is difficult to continue. But if oil prices pullback, in the current level of inflation, the U.S. economy still has the strength to continue to grow. So, this week the price of oil will affect the stock market. The trend is difficult to predict oil prices, if oil prices remain high, the stock market downward pressure will increase.
Deficit more than expected
U.S. Department of Commerce last Friday announced that exports were flat in June, imports rose 2.1%, setting a new record high, leading to June trade deficit of U.S. international goods and services increased by 6.1% to 58.82 billion U.S. dollars. Mainly due to rising oil prices and record demand for foreign crude oil.
Many analysts on the U.S. trade outlook is not hopeful, because the U.S. economy growing faster than many of its trading partners. Moreover, the dollar fell through three years after the U.S. dollar against other major currencies this year has been strong. In theory,(Related Articles:rapid prototype Caustic soda market temporarily re),make plastic mold, a stronger dollar means the cost of some overseas markets to increase exports, reduce the cost of imports. A weaker dollar means lower export costs, import costs. Some on the June trade data analysts to predict that the dollar may be curbed exports rose. The widening trade deficit is bad news for the stock market is concerned.
(The author is a Canadian Firstock Global Investment Services CEO)
</TD> </TR> </TBODY> </TABLE>
</td> </tr>
new chemical materials in China has formed a new chemical industrial categories, expected value of more than 100 billion yuan in 2009. "12 5" during the planning and development of new chemical materials industry will follow the "scientific development of the entire areas and capabilities,rapid prototype, and appropriate advance and focus on innovation" principle. This is from the May 6 ~ 7, convened the Third International New Chemical Materials (Chengdu) summit learned.
New Chemical Materials R & D level has become the measure of a country's level of economic development an important symbol. On the whole, our country and abroad,plastic product design, new chemical materials industry than there are still a large gap between specific aspects: technological innovation capability is not strong, weak R & D, lack of core technologies; product structure is irrational, high-end, high performance products less; product variety single, incomplete specifications, there is no differentiation, diversification, serialization. Therefore, new chemical materials "12 5" developing programming has become a major event in the industry.
New materials, new chemical materials, as an important component, representing the future direction of the chemical industry. Research to develop new chemical materials, "12 Five Year Plan" to adhere to the scientific development of the entire areas and capabilities, and appropriate advance the principles of innovation.
Research to develop new chemical materials, "12 Five Year Plan" put forward five requirements: to increase R & D investment, Education Institution to work closely with the technical innovation system, optimize the industrial development environment new chemical materials industry healthy and rapid development; the light of China's chemical industry, the actual development of new materials, from the layout, industrial chain integration, optimizing resource allocation, Fang Mian, accelerating industrial structure adjustment, take the intensive development of Dao Lu; to give full play to the New Chemical Materials promote energy conservation to the important role, focusing on research and development of alternative toxic,(Related Articles:design tooling March 31 benzene plant and producti), hazardous and polluting substances and products, new materials; to speed up the development to meet the national key projects, key projects of new chemical materials needed to create new economic growth points; to use of the favorable opportunity of formulating plans and put forward to promote the healthy development of new chemical materials industry,(Related Articles:custom mold July and August monthly forecast polyolefin), the system supporting policies.
Organic silicon, organic fluorine materials,make plastic mold,(Related Articles:rapid prototype ABS Styrene prices fell again to t), engineering plastics, special rubber, high-performance fibers, bio-based chemical new materials and new materials for chemical, because of its unique excellent properties, both the aviation and aerospace, the new energy, electronic information, high-speed railway, the development of large aircraft, high-tech industries essential materials, is also a traditional industry to achieve energy conservation, energy, essential to support the development of low-carbon economy materials.
Fashion Meets Weddings
wssqckbe (40)