chemical industry recently, domestic manufacturers offer overall octanol continued to rise, the focus of the market consolidation. Propylene trend slightly stabilized, the goods will remain cautious as octanol.

In November 23rd, DOP wide market in North China area of Tianjin higher level spot supply is tight, the raw material of phthalic anhydride crazy increase, supporting manufacturers very price, higher center of gravity. At present, the market reference price of 8600 yuan / ton to discuss. Shandong Hongxin phthalic anhydride plant all the normal operation, the spot is less, manufacturers today quoting neighbor phthalic anhydride implementation of 8500 yuan / ton, the mixed anhydride method offer 8200 yuan / ton. The normal operation of Ningbo AEKYUNG annual production capacity of 100 thousand tons of DOP device, the spot inventory is tight, today DOP manufacturers offer foreign implementation of 8800 yuan / ton, and not limited to discuss. Qilu plasticizer DOP equipment normal operation, inventory is tight. DOP foreign manufacturers offer 8650 yuan / ton, the real single talk. The rising trend of DOP market in Jiangsu area, low level of supply of raw materials in stock, raise deposit octanol boost, stimulate the very price, mainstream manufacturers closed businesses, pull up. At present, the market reference price of 8600-8650 yuan / ton from.

At present, the domestic market price of PA downward trend, the wait-and-see atmosphere, downstream inquiry atmosphere slowed, the turnover declined all focus areas. Although fewer goods manufacturers support price of phthalic anhydride dimensional emotions, but from the downstream pressure increasing, the terminal demand has not improved substantially, factory shipments gradually obvious resistance. Octanol raw material prices continued to rise, the DOP market has strong support in the cost surface.

Afternoon, the cost and demand game situation continues, is expected to offer loose risk increased, and the situation is difficult to avoid the tendency of low-end focus gradually.

In view of black commodities to capacity when soaring performance, once the government began to production in the chemical industry, the price will be pulled up sharply PTA.

technical analysis

From the perspective of technology analysis of PAT1701 contract after nearly half a year of adjustment, prices will gradually converge, to get out of the direction. Once the supply and demand changes may occur, the market broke.

“Statistics” Chinese research and development prospects of PTA industry, PTA industry in June 2016 China PTA plant capacity closed state of more than 14 million tons / year, close to the PTA capacity of 1/3. As of June 2016, the total production capacity of more than 50 million tons / year PTA unit, the industry average operating rate of 65%, with the cost and technical advantages of the equipment operating rate is still more than 90%.

Technical progress, approval authority, economic stimulus, credit easing is an important cause of the explosive growth of productivity. Because of the fierce competition, since 2014, China’s PTA industry has a large capacity while shutting down production, on the other side of the new strange phenomenon continues to mount the device put into operation.

[comment] Gade chemicals chemical last week, India outside the castor oil prices, domestic castor oil market demand, sales, inventory, exchange rate decline, the majority of manufacturers to wait and see, castor oil price stability. Castor oil is quoted in the mainstream 11000-12000 yuan / ton.

In December 15th, the normal operation of Inner Mongolia Tianrun castor Development Co. Ltd. India industrial production device, castor oil’s price for 11000 yuan / ton (including tax), normal construction, sales, price stability. Zibo Zhoucun Ming Tung Chemical castor oil price stability, industrial grade castor oil (grade one) ex factory price of 11000 yuan / ton (including tax), the weak market demand, sales, inventory amount. Nanjing Qianyue chemical refining level of castor oil price stability, price is 9600 yuan / ton, the domestic castor oil price stability, sales in general. Wenshui the Yellow River County Oil Company Limited industrial grade refined castor oil price is 11300 yuan / ton, manufacturers of normal production, sales, price stability. Xinji City Han Sen plant oil, castor oil prices remain stable, the price of a product of refined net 11600 yuan / ton, factory sales, less inventory, normal production. Guangzhou south of castor oil prices, manufacturers sales, the market in general, low inventory, disk prices, a refined product price 11600 yuan / ton.

Recently, the domestic market price stability of castor oil, castor oil, domestic manufacturers weekend sales in general, the market demand is not good, because the exchange rate falls outside the prices, some manufacturers have raised the price of the intention, the market outlook is expected to castor oil prices rose steadily.

Technical specification of China “cosmetic safety” (2015 Edition) mentioned, talcum powder Chinese name for hydrated magnesium silicate, suitable for powder products in children under the age of 3 to use the label must be marked using the conditions and precautions for the powder should be kept away from children’s nose and mouth, and stone cotton was not detected.

Although still not enough evidence that the talcum powder, and ovarian cancer but about Johnson baby powder within three years of penalty has sparked concerns over the safety of talc powder. As of now the information search for someone’s powder, Johnson is not a recall plan or frame.

Secondly, due to rising crude oil prices and the devaluation of the renminbi, which imported methanol prices upside down domestic spot, imports of goods into decline, and some shipping extension is exacerbated this phenomenon, and the east part of coal to olefins plant near the production led to East supply shortages, port stocks continued to decline.

As of December 2nd, the two domestic methanol port inventory 506 thousand and 500 tons, compared with September 18th year highs fell 374 thousand and 500 tons, down 42.51%. the eastern port inventory 385 thousand tons, compared to September 18th fell 322 thousand tons, down 45.54%; Southern China port inventory 121 thousand and 500 tons, compared to September 18th decreased by 52 thousand and 500 tons, down 30.17%.

The origin of domestic methanol mainly concentrated in the northwest region, so when the supply of methanol in the East China and North China appeared in short supply, mainly through the northwest region to fill the supply gap of methanol.

However, at the end of the northwest high operating rate of methanol to olefins, a number of coal to olefins plant as supporting device production, started production of methanol. This makes the northwest supply basically reach the balance of supply and demand, the supply quantity is less able to flow east.

In addition, the northwest winter haze and snow weather, make the logistics unchanged, rising freight costs increase the cost of transportation, the enthusiasm of northwest North China sources into further reduced, led to inadequate methanol structural supply pushed up the price of methanol.

The demand side, at the beginning of next year will be a lot of olefin plant production, and a large part of these devices is coal olefins, which means that these devices once put into operation, will purchase a large number of methanol production potential, a sharp rise in demand is also an important factor to promote the rise of methanol.

Rising risks

At present, the lack of professional talent has become a bottleneck restricting the further development of China’s thermal insulation materials industry, which will inevitably affect the international competitiveness of China’s thermal insulation materials industry. To solve this problem, we can take the road of internal development and external introduction. On the one hand, can strengthen the short-term training of existing enterprise employees, to improve the existing situation of human resources; on the other hand, the introduction of high-quality talents through various channels, enhance the intellectual capital factors of China’s thermal insulation material industry.
Three, promote independent innovation, the implementation of brand strategy, improve product added value

At present, China’s thermal insulation material industry or in the amount of expansion, the formation of excessive competition in the international market in the same level, in order to change the mode of development, we must adhere to the concept of innovation, innovation in product development and technological transformation, can actively cooperating with scientific research institutions, institutions of higher learning, common development the new product project, efforts to develop domestic and international markets, thus overcoming the quantity increase, improve product quality, improve the added value of products, pay attention to the construction of independent brands, to improve China’s insulation materials enterprises in the global division of labor, improve the anti risk ability and their bargaining power, and enhance the sustainable competitiveness of insulation materials industry the.
Four, vigorously develop the thermal insulation materials industry cluster, to create a thermal insulation material industry chain

China’s insulation materials industry mainly to small and medium enterprises, a short time is difficult to European and American companies, it should give full play to industrial cluster has the group competition, the use of cluster specific specialization and cooperation function, strengthen the whole industry competitive force, occupy a space for one person in the global market.
Five, give full play to the role of government guidance, to create a good environment for the development of thermal insulation materials industry

China’s insulation materials industry mainly to small and medium enterprises, a short time is difficult to European and American companies, it should give full play to industrial cluster has the group competition, the use of cluster specific specialization and cooperation function, strengthen the whole industry competitive force, occupy a space for one person in the global market.
With the rapid development of thermal insulation materials insulation materials industry, industrial competitiveness has become an inevitable trend, our country needs to improve the self insulation materials industry strength, from the start of the market foundation, focus on sustainable development, to achieve a virtuous cycle.

In 2016, food prices are not ideal, in general, the corresponding agricultural prices will also appear downturn. But the reality is the opposite, the fertilizer stored for the winter season, the market is “up” the sound of a rose: urea and compound fertilizer also rose, why prices fell relative, fertilizer prices will rise?
Fertilizer prices rise, farmers, dealers cautious winter

In the temple town of Shandong province Wenshang County Yin Cui Road, farmers have been doing county agents a fertilizer brand, and every year he will take advantage of the winter off-season reserves of chemical fertilizers, wait for sales in the coming year. But this year, although the manufacturers have been urging him to carry fertilizer, but he has no such plans.
Cui Xiulu said: “the market is now up too much, so we do not have winter storage. Manufacturers have been asking us to play, but we are on the sidelines, but also to consider whether the price can be sustained and stable”.
Continue to wait and see the attitude of the road, said the road, in the past, winter storage of fertilizer than the next spring to buy about 10% cheaper prices. But in recent years due to fluctuations in the price of fertilizer is too big, a lot of agricultural households in winter appeared in the “off-season season high stockpile, low price”, not only did not make money but had been lost, which makes them suspicious of winter this year. Especially in the face of urea prices rose this year, dealers are relatively cautious in the face of a lot of winter storage.
Cui Xiulu said: “the price of urea is very powerful, has reached 1500 yuan a ton, it is 1200 yuan, as long as the urea rose, associated compound fertilizer, two amine will rise, if prices rise too much is not ready for the winter”.

As with Cui Road, Anhui province Feixi County Township persimmon fertilizer dealers Zhang Shenhao also cautious on this year’s chemical fertilizer market, he did not dare to reserve this year.
Three reasons to boost the price of urea
Shandong zhuochuang Information Analyst Yang Xinxiu said, from the beginning of October, Chinese urea prices soared, and the overall economic situation. The first coal and sulfur price high consolidation, the cost of production of chemical fertilizer enterprises have support; second is the transport, Urumqi Bureau, Taiyuan Bureau will continue fertilizer railway freight preferential canceled, the implementation of the benchmark price, rail freight rose from the previous month 10-20%, and transportation; the motor load limit to a certain extent restricts the chemical fertilizer enterprises shipped, and improve the transportation cost. Third is affected by the slow increase in the compound fertilizer enterprises, the consumption of raw materials increased, and there is a winter storage just need to pull and the positive impact of tariff cancellation.

Compared with October, all kinds of fertilizer prices have appeared:
At present, China’s small granular urea factory price 1498 yuan / ton, compared with the beginning of October rose 21.52%; 64% diammonium factory price 2000-2100 yuan / ton, the price is at the end of October rose 50-100 yuan / ton; Qinghai port 62% to the Russian White potash potassium as an example, as of the end of November, the mainstream traders offer 1970 yuan / ton, rose 170 rose to 9.4% yuan / ton.
Outlook fertilizer is still up space
Yang Xinxiu also said that although the price of chemical fertilizer has increased compared with October, but compared with the same period last year, prices are still falling or flat. At present, the entire economic situation, the market outlook fertilizer is still up space.
Yang Xinxiu said: “the price is still relatively high due to upstream coal and fertilizer gas market, the production cost of fertilizer production enterprises have the obvious support; tension capacity, motor load limit increases logistics power price increase fertilizer stored in winter”.
Experts recommend fertilizer dealers and farmers:
The current enterprise speculation rising high voice, but the winter reserve fertilizer cycle is longer, a large amount of inventory, the industry should be based on their own prudent operation, do not blindly stockpile. Years ago the logistics is tight or difficult to ease, so the dealer can be properly prepared in advance of fertilizer.

Has been concerned about the precise medical level of market investment sonhwa capital investment director Wang Yang said, in 2017 ~ 2018, the possibility of the existence of the industry reshuffle accurate medical industry. Not just in the mergers and acquisitions of listed companies, will also occur between these startups. This forecast and Zhou Rui agree without prior without previous consultation.

Wang Yang believes that the current number of domestic testing companies more than 600 companies. Most companies got an angel or A round of financing in the past two years the capital boom, but subsequent financing process was tight. The reason is that on the one hand the growth performance and lower profits, ideal is greater than the actual; on the other hand, generally high valuation, then set the strength is weak, the financing is unable to form the effective cohesion. So, the future of some companies may continue to grow through financing for big companies, some may by way of mergers and acquisitions to complete the reorganization of assets.

After non-invasive prenatal genetic testing market broke out, domestic precise medical development and more focus on the field of tumor. But the current domestic (Oncology) several leading (gene sequencing), a few years before the patient to go to a total of detection million cases, the year 4 million 300 thousand new cancer patients, add up all the companies of the total market share is very low. The industry is still in the stage of education market, policy makers, investors, employees, doctors and patients need education.

A stage of capital market before the Blitz and industry development speed does not match, there will be some “bubble” extrusion process. While some companies also have good prospects in the global scope of “buy buy buy” to quickly enhance their strength.

Carbon cloud intelligent by BGI CEO Wang Jun rate team founded, April 2016 A round of financing amount of nearly 1 billion yuan, led by Tencent, then carbon smart cloud also began to use the way of mergers and acquisitions in the medical field, accurate take cities and seize territory”. In September 15, 2016, Israel announced the establishment of smart cloud carbon research center and Israel image understanding and artificial acquisition of a private Intelligent Company ImaguVisionTechnologies.

Another worthy of concern in the industry company is from stocks to complete the delisting of the Wuxi, in recent years through mergers and acquisitions, investment has gradually formed a gene detection, cellular immune therapy, drug CRO and the layout of the whole industry chain, the industry believes that the layout of the future medicine or will have greater value.

In short, whether it is to set up a wholly owned subsidiary or holding shares, mergers and acquisitions, the main mode of listed companies to develop accurate in the medical field, and these new areas can be contributed to the listed company profits, the harvest period may also further reduce the cost of sequencing in Lai, sensitivity of the further development of technology after judgment.

The establishment of six years of Berry and Kang, from the beginning of the creation of a non-invasive prenatal genetic testing market in the East, in 2011, won the Grand Alliance capital A round of financing $17 million 800 thousand, in the middle of 2013, and received a $25 million B round of financing, led by Qiming venture investment. Subsequently, Berry held in 2014 to 2015 of non-invasive prenatal genetic testing commercial opportunity to become a leader after noninvasive prenatal genetic testing field of bgi. In 2016, Berry discovered the new progress is the backdoor landing A shares.

“Small company merger” or will become the precise medical mainstream business model

In May 31, 2016, the relevant media reports, the Irish biopharmaceutical company (JAZZ), pharmaceutical will be $1 billion 500 million acquisition of Celator pharmaceuticals (CPXX), the purchase price is about two times of Celator pharmaceutical market. Celator pharmaceutical stocks in 2016 is fully deserve star, after the company suspended March 14th announcement that the company’s drug VYXEOS by phase three clinical confirmed that acute myeloid leukemia (AML) in high-risk patients (grade two) overall survival rate increased significantly. The company shares resume trading day rose 400%, after continued to rise. As of May 31st closing price of $17.53. 3 months rose nearly 10 times already, led the NASDAQ market.

The medical merger has gradually become the main way for global capital exit. With the vigorous development of the medical field of entrepreneurial Israel as an example, startups grow to a certain extent, many choose to exit the merger case. Share investment investment investment investment enjoy Introduction Manager Wu Han, 2005 to 2014, a total of 62 Israeli medical health industry company mergers and acquisitions, the average operation time of medical and health industry companies for 12.3 years, from the first financing to exit the merger took an average of 8.68 years. However, this is mainly because the bio pharmaceutical and biotechnology and other segments of elongated capital return period, ordinary medical enterprises to invest in a relatively short period.

In the China capital market, mergers and acquisitions of listed companies into the precise medical case already exists, mergers and acquisitions also increased the story space for listed companies. In October 2015, a new day constant announcement, to 1 billion 566 million yuan acquisition boyalife 80% shares, boyalife became a subsidiary, constant new day in November 23, 2015, the resolution adopted by the general meeting of shareholders, a new day constant to take into the field of biology and medicine.

In May 11, 2015, the number of new announcement that the company intends to target specific non-public offering of shares to acquire three economic, medical and biological Oh Seoul crystal bio 100% stake, and to 13.20 yuan / share to 3 specific object given by 13 million 710 thousand shares to raise matching funds 154 million 600 thousand yuan for the underlying asset integration, capital arrangement. Xinkaiyuan also through this acquisition into the tumor early diagnosis, molecular diagnosis and gene sequencing of in vitro diagnostic services.

At the same time, the listed companies will choose to set up the way of mergers and acquisitions fund cut precision medical, choose investment targets in the global scope. In February 2016, the medical Dunlop announcement that intends to use the self financing of $95 million with the Yantai people and De Yuan equity investment management center (limited partnership) jointly set up a total size of not more than $100 million in global precision medical innovation investment fund. At present, the fund has invested in the field of liquid biopsy, the American Quanterix company, invested $11 million in the D round of financing way to increase its stake of 5.35%.

Will the possible acquisition of startups between