Archives November 2020

2020/11/13. USD TO CNY TODAY.

Actual USD to CNY exchange rate equal to 6.6075 Chinese Yuans per 1 Dollar. Today’s range: 6.6050-6.6260. Previous day close: 6.6130. Change for today -0.0055, -0.08%

Separated products:
The mixed C5 in Shandong increased by 20 yuan / ton to 3100-3230 yuan / ton, while that in East China stabilized at 2950-3060 yuan / ton. The remaining C5 is 3050-3300 yuan / ton in Northeast China, 2950-3050 yuan / ton in North China, 3000-3050 yuan / ton in Central China and 3000-3130 yuan / ton in South China.
The main delivery price of isoprene in China remained stable at 8200 yuan / ton, and the market inquiry was positive. SIS increased production and increased demand for isoprene. At present, the profits of isoprene rubber and sis are better, which supports the isoprene market, and isoprene maintains firm.
The mainstream self raised price of m-pentadiene in China is 8400-8700 yuan / T. Sinopec is still in shutdown, and the price of adhesive resin is firm, which has certain support for the isoprene market. The supply of m-pentadiene is slightly tight, and the market is slightly firm.
The domestic market of dicyclopentadiene continues to be weak, and the self raised price is around 4400-4850 yuan / ton, and the enthusiasm for receiving goods from downstream has not significantly increased. In terms of UPR, affected by the high price of maleic anhydride, the start-up of DC series is difficult to recover. Although DCPD hydrogenated resin has a stable demand for bicycles, it mostly uses digestion inventory or its own raw materials, so it has limited procurement in the spot market, and the market continues to maintain a weak trend in the near future.
rosin
At present, it is difficult to reduce the price of resin, and the downward rate of rosin price slows down. However, in the short term, the price of rosin is temporarily unstable, and rosin resin factories will wait and see. The market price of turpentine is 27000-28500 yuan / ton in Jiangxi, 11400-15100 yuan / ton in Guangdong, 11400 yuan / ton in wetland, 13500 yuan / ton in Yunnan, 15000 yuan / ton in Fujian, 11400 yuan / ton in Jiangxi, 14500-15000 yuan / ton in 138 resin, 14700-15500 yuan / ton in 145 resin, and 27000-28500 yuan / ton in market price of turpentine. In the short term, the rosin market is still out of stock. Most of the manufacturers think that the price of rosin will rise after the adjustment of rosin stage by stage. However, in the short term, the rosin price fluctuates, and the purchase quantity of rosin resin factory is scarce, and the supply of rosin resin is scarce, so there is more single discussion.
C5 petroleum resin:
At present, the mainstream transaction price of C5 petroleum resin for road marking paint is 10000-10600 yuan / ton. Although the demand in the north is low, the supply of the manufacturer is insufficient, and the manufacturer mainly supplies adhesive resin, and some parts are still out of stock. The manufacturer has few stock, and the price is stable within the overall range; the transaction price of C5 petroleum resin for adhesive (M-E) is operating in the range of 12000-13000 yuan / T Due to the concentration of orders, the continuous shortage situation, and the fluctuation of rosin price, the operating rate of resin factory is low. In the short term, C5 petroleum resin manufacturers mainly execute orders and operate stably in the price range.

Weekly Product Price Review
The price of n-Alkanes series products is stable this week. 1. The price of gasoline rose, and the price of pentane foaming agent / pentane blends increased slightly; 2. The domestic price of Isohexane and Isopentane was stable, the price of n-Octane was stable, and the price of dearomatized solvent oil fell; 3. High purity n-Hexane was still out of stock in the short term, and the price rose steadily.

Information Morning Post : n-Pentane, n-Hexane, n-Heptane, Octane, Isopentane, Isohexane, Pentane Blends and D Solvents

Release Time: November 12, 2020 08:22

The energy minister of Algeria said that OPEC may extend the current scale of production reduction to 2021, and the possibility of increasing the reduction is not ruled out. International oil prices continue to rise, but the epidemic situation in Europe and the United States is still very serious, which has restrained the increase. In terms of n-Pentane, Isohexane, Isopentane, n-Hexane, n-Heptane and Pentane Blends, the sales situation of each manufacturer was not satisfactory yesterday, at present, n-alkane series products like n-Pentane and n-Octane are sold less, and they mainly focus on delivery of the backlog orders today. In the aspect of pentane blends, the manufacturers are operating in low invertory level, and therefore there is enough confidence for price stability support because the market is out of stock. However, the current price is close to the high level, and some downstream regions are in a state of resistance. It is expected that the market will maintain stable operation today.

Dow Jones Propelled by Vaccine Hopes, Singapore Stocks at 5-month High
Nov11, 2020 11:00AM+08:00
New Zealand Dollar: NZD/USD Edges Higher Following RBNZ Rate Decision
Nov11, 2020 10:00AM+08:00
Russell 2000 Index May Continue to Rise on Rotation Trade, AUD/NZD Eyes RBNZ
Nov11, 2020 8:00AM+08:00
Will Trade Wars Persist After the US Election?
Nov 11 . AM + 0800
What will the global economy and intemational trade regime look like under a Trump or Biden administrationand how will that impact foreign exchange markets？
Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?
NOV 11, 2020 5:00 AM + 08:00
Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday , only to begin recouping losses as the week progressed . But has the fundamental landscape changed?
New Zealand Dollar Outlook : NZD / USD Eyes RBNZ Rate Decision Due
NOV 11 . 2020 3:30 AM + 08:00
NZD / USD price action is perched at its strongest level since early 2019 as commodity currencies like the Kiwi piggy back off US Dollar weakness , but a dovish RBNZ might undermine recent gains.

Positive progress in vaccine research and development in Europe and the United States has boosted demand confidence. In addition, Saudi Arabia suggested that oil producing countries could adjust their current production reduction policies, and international oil prices continued to rise. However, the overseas epidemic situation still worried the market and restrained the increase. In terms of n-Pentane, n-Hexane, n-Heptane, Isopentane, Isohexane, pentane blends and D20 Solvent, at present, for non-n-alkane hydrocarbon products, although the market price of raw materials is lower, and the cost pressure of manufacturers is relieved, it is still in the loss range. The resumption of downstream work is basically normal, but there is still a certain distance to return to normal demand. Especially, the sharp drop of pentane foaming agent product price has reduced the planned production of pentane foaming agent products of various manufacturers more or less, as for pentane blowing agent products, although product price competitiveness has increased, but sales price pressure increases, from all aspects are negative leading. The refinery’s shipment was poor yesterday, and it is expected to be dominated by shipment today. In the aspect of mixed C5, the refinery inventory is running at a low level, and there is sufficient base gas for price rising. However, the current price is close to the high level, and some downstream units are in a state of resistance. It is expected that the market will maintain stable operation and rise sporadically. The mainstream ex factory price in Shandong is 3100-3230 yuan / ton, and that in East China is 2950-3060 yuan / ton.

2020/11/11. USD TO CNY TODAY.

Actual USD to CNY exchange rate equal to 6.6026 Chinese Yuans per 1 Dollar. Today’s range: 6.5910-6.6050. Previous day close: 6.6140. Change for today -0.0114, -0.17%. 

Separated products:
Mixed C5: Shandong increased by 100 yuan / ton to 3100-3200 yuan / ton, while eastern China stabilized at 2950-3060 yuan / ton. The amount of C5 surplus is 3050-3300 yuan / ton in Northeast China, 50 yuan / ton in North China, 3000-3050 yuan / ton in Central China and 3000-3130 yuan / ton in South China.
The main delivery price of isoprene in China is 8000 yuan / ton, and the market inquiry is positive. SIS is expected to increase production and demand for isoprene this month. At present, the profits of isoprene rubber and sis are better, which supports the isoprene market. Isoprene is expected to rise today.
The mainstream self raised price of m-pentadiene in China is 8400-8700 yuan / T. Sinopec is still in shutdown, and the price of adhesive resin is firm, which has certain support for the isoprene market. The supply of m-pentadiene is slightly tight, and the market is slightly firm.
The domestic market of dicyclopentadiene is still weak. With the increase of maleic anhydride price, the bicyclic pressure will increase, and the price may continue to run downward. At present, DCPD hydrogenated resin is in operation and maintained, but the raw material inventory is relatively sufficient, and the intention of large-scale purchase is not high, and the double ring export is also reduced, and the domestic inventory is facing the risk of recovery. Affected by the sudden shutdown of LG cracking unit in South Korea, the export market may recover, and the industry will wait and see.
rosin
At present, it is difficult to reduce the price of resin, and the downward rate of rosin price slows down. However, in the short term, the price of rosin is temporarily unstable, and rosin resin factories will wait and see. The market price of turpentine is 27000-28500 yuan / ton in Jiangxi, 11400-15100 yuan / ton in Guangdong, 11400 yuan / ton in wetland, 13500 yuan / ton in Yunnan, 15000 yuan / ton in Fujian, 11400 yuan / ton in Jiangxi, 14500-15000 yuan / ton in 138 resin, 14700-15500 yuan / ton in 145 resin, and 27000-28500 yuan / ton in market price of turpentine. In the short term, the rosin market is still out of stock. Most of the manufacturers think that the price of rosin will rise after the adjustment of rosin stage by stage. However, in the short term, the rosin price fluctuates, and the purchase quantity of rosin resin factory is scarce, and the supply of rosin resin is scarce, so there is more single discussion.
C5 petroleum resin:
At present, the mainstream transaction price of C5 petroleum resin for road marking paint is 10000-10600 yuan / ton. At the beginning of the week, the orders of various manufacturers are concentrated, and the inventory is almost empty. The sporadic load of manufacturers is reduced, the supply is tight, and there is still partial shortage in the short term, and the price is mainly stable. The transaction price of C5 petroleum resin for adhesive is between 12000-13000 yuan / ton, and the price of rosin resin is at the beginning of the week In the short term, C5 petroleum resin is out of stock, and the focus is on the high-end price range.

Commodities Update: As of 08:00,
Gold: 1.41%
Silver: 1.27%
Oil – US Crude: 0.77%

• S&P 500 Aiming Higher on Vaccine Progress Despite Gridlock Fears
• Gold Prices Regain Strength After Falling 4.5% as Vaccine Enthusiasm Fades
• Hang Seng and ASX 200 Rise on Vaccine Hopes, Tech Drags Nasdaq Lower
• EUR/USD Slides Lower as Weak German Economic Sentiment Sparks New Recession Fears
• USD/JPY May Rise on Vaccine Hopes Despite Election Dispute, Chinese CPI Eyed

• USD/JPY, POST-ELECTION TRADES UNWIND, CHINESE INFLATION DATA – TALKING POINTS
• Markets aimed higher during risk-on U.S. session following vaccine headlines
• US Dollar moves higher as post-election trades unwind on election clarity
• USD/CNH at multi-year low; Chinese October inflation data on tap

2020/11/10. USD TO CNY TODAY.

Actual USD to CNY exchange rate equal to 6.6102 Chinese Yuans per 1 Dollar. Today’s range: 6.5960-6.6280. Previous day close: 6.6300. Change for today -0.0198, -0.30%.

Biden locked the US election victory, the market bet on the dollar was lower, and the global stock market rose sharply. Meanwhile, positive progress was made in vaccine research and development in Europe and the United States. Opec+ production reduction policy adjustment was stronger than expected, and international oil prices rose strongly. On the gasoline side, yesterday refinery shipments were smooth, with an upward intention. In terms of mixed C5, the refinery has low inventory operation, sufficient underlying gas, and crude oil is greatly increased, and it is expected that the market will rise steadily today.

Separated products:
Mixed C5 increased by 20-30 yuan / ton to 3060-3100 yuan / ton in Shandong, and stabilized at 2950-3060 yuan / ton in East China. The remaining C5 is 3050-3300 yuan / ton in Northeast China, 2900-3000 yuan / ton in North China, 2950-3000 yuan / ton in Central China and 3000-3130 yuan / ton in South China.
The main delivery price of isoprene in China is 8000 yuan / ton, and the market inquiry is positive. SIS is expected to increase production and demand for isoprene this month. At present, the profits of isoprene rubber and sis are better, which supports the isoprene market. Isoprene is expected to rise today.
The mainstream self raised price of m-pentadiene in China is 8400-8700 yuan / T. Sinopec is still in shutdown, and the price of adhesive resin is firm, which has certain support for the isoprene market. The supply of m-pentadiene is slightly tight, and the market is slightly firm.
The domestic market of dicyclopentadiene is still weak. With the increase of maleic anhydride price, the bicyclic pressure will increase, and the price may continue to run downward. At present, DCPD hydrogenated resin is in operation and maintained, but the raw material inventory is relatively sufficient, and the intention of large-scale purchase is not high, and the double ring export is also reduced, and the domestic inventory is facing the risk of recovery. Affected by the sudden shutdown of LG cracking unit in South Korea, the export market may recover, and the industry will wait and see.
C5 petroleum resin:
At present, the market volume is scarce, a small amount of rosin is going down, the price of rosin is too high, and the price of rosin resin is temporarily stable. The market price of turpentine is 27000-28500 yuan / ton in Jiangxi Province, 11500 yuan / ton in Jiangxi Province, 14500-15000 yuan / ton in 138 resin, 14700-15500 yuan / ton in resin market. In the short term, the rosin market is still out of stock. Most of the manufacturers believe that the price of rosin will still rise after the periodical adjustment. The rosin resin manufacturers have few orders and supply.
rosin
At present, the mainstream transaction price of C5 petroleum resin for road marking paint is 10000-10600 yuan / ton. At the beginning of the week, the orders of various manufacturers are concentrated, and the inventory is almost empty. The sporadic load of manufacturers is reduced, the supply is tight, and there is still partial shortage in the short term, and the price is mainly stable. The transaction price of C5 petroleum resin for adhesive is between 12000-13000 yuan / ton, and the price of rosin resin is at the beginning of the week In the short term, C5 petroleum resin is out of stock, and the focus is on the high-end price range.

Crude Oil Prices ,WTI , BRENT ,US China Trade War ,shale oil ,OPEC ,Oil prices down ,Covid-19 ,Iran sanctions ,Brexit ,oil supply cuts ,World Economy after Trump ,Biden President ,world economy crash ,world coronavirus pandemia ,China US tensions ,Israel lockdown ,Trump retrieve son Biden

European countries have accelerated the deterioration of the epidemic situation, accompanied by worries about demand. At the same time, the vote counting process of the US election is slow, increasing uncertainty, and international oil prices continue to fall. In terms of gasoline, the delivery of gasoline was better at the weekend, but the price fell. Pentane Blends of refinery inventory are low, but downstream demand is weakening, today’s market is expected to maintain stable with sporadic rise and fall.

What is the difference between GMP and GLP?
Both Good Manufacturing Practice (GMP) and Good Laboratory Practice (GLP) regulations are vitally related to laboratory testing. However, the two categories of regulation have notable differences, beginning with their end goal.

Good Manufacturing Practice

GMP is part of a quality system covering the manufacture and testing of pharmaceutical dosage forms or drugs and active pharmaceutical ingredients, diagnostics, foods, pharmaceutical products, and medical devices. GMPs are guidelines that outline the aspects of production and testing that can impact the quality of a product. Good manufacturing practices (GMP) are the practices required in order to conform to the guidelines recommended by agencies that control the authorization and licensing of the manufacture and sale of food and beverages, cosmetics, pharmaceutical products, dietary supplements, and medical devices. These guidelines provide minimum requirements that a manufacturer must meet to assure that their products are consistently high in quality, from batch to batch, for their intended use. The rules that govern each industry may differ significantly; however, the main purpose of GMP is always to prevent harm from occurring to the end user. Additional tenets include ensuring the end product is free from contamination, that it is consistent in its manufacture, that its manufacture has been well documented, that personnel are well trained, and that the product has been checked for quality more than just at the end phase. GMP is typically ensured through the effective use of a quality management system (QMS).
A Good Manufacturing Practices (GMP) Certificate can be issued by companies, which are able to document adherence to Good Manufacturing Practices, as outlined by the U.S. FDA, State Health Departments, or by another set of standards. Most countries prefer that GMP certificates be issued from a trade association, such as ACMA.

What are Good Manufacturing Practices (GMP)?

Good Manufacturing Practice (GMP)

1. Establish Good Written Procedures.
2. Qualify and Validate Processes.
3. Identify Roles and Responsibilities.
4. Keep All Records.
5. Use the Right Facilities and Equipment.
6. Assemble a Competent Team.
7. Practice Good Hygiene.
8. Maintain Facilities and Equipment.
9. Ensure Quality.
10. Use GMP Audit Checklists.

What is GMP contract manufacturing?
A GMP technical agreement ensures compliance to the current good manufacturing practices (cGMP). Need for a Technical Agreement. By defining a clear technical agreement, both parties know who will be responsible for what, thus avoiding conflicts and have defined a clear escalation route.

Is GMP the same as cGMP?
GMP is widely being used in the world when compared to CGMP. In fact, more than 100 different countries out there in the world tend to use GMP. However, only handful countries adhere to the guidelines of CGMP. GMP is widely applicable to a large number of situations out there in the world, when compared to CGMP.

What countries use GMP?
The World Health Organization version of GMP is used in over 100 other countries, mostly in the developing world. Similar GMPs are found in the EU, Australia, Canada, Japan, Singapore, and the Philippines. HACCP is used in the US, and is enforced by the FDA (for seafood and juice) and USDA (for meat).

What is a GMP lab?
GMP laboratories are laboratories that follow and systematically document adherence to Good Manufacturing Practice regulations, recognizing the importance of putting quality first and upholding production excellence at every step of the pharmaceutical manufacturing process.

Crude oil market tracking
Trend of international oil price
Last week, the average settlement price of Brent futures was $40.06/barrel, up $0.88/barrel, or 2.25%, with a range of 38.97-41.23 USD / barrel. Last week, the average settlement price of WTI futures was $37.91/barrel, up $0.41/barrel, or 1.1%, with a range of 36.81-39.15 USD / barrel.

Industry Review
Last week, the prices of petrochemical products rose in the top five, including butadiene, styrene, pure benzene, spandex 40d and PTMEG; the top five prices of PTA, PET staple, polyester FDY, LPG and MEG fell. The price of chemical products rose the top five liquid chlorine, adipic acid, crude salt, methylcyclosiloxane, hydrochloric acid; fell the top five DMF, propylene oxide, soft foam polyether, hard foam polyether, natural rubber. Last week, the price difference of DAP phosphate rock; sulfur; synthetic ammonia, MEG ethylene, adipic acid pure benzene, polypropylene propylene, styrene pure benzene; ethylene price difference increased greatly; TDI toluene; nitric acid, butyl acrylate acrylic acid; n-butanol, acrylic acid allyl, pta-px, cis-1-butadiene-butadiene were greatly reduced.
Last week, the petrochemical sector outperformed the index (1.37%), while the basic chemical sector ran low (- 0.47%).

Track and Trace Specialty Solvents Market:
This week, in domestic market, the price of pentane blends fell. At present, domestic pentane manufacturers are in the maintenance season, and the suppliers still have the right to speak, so the overall supply of goods is tight. In terms of turnover, the market sought immediate needs, and the prices of all manufacturers were steady. Normal alkanes such as n-Pentane, n-Hexane, n-Heptane and n-Octane in domestic market are volatile. Prices have risen slightly and supplies are running short. For some manufacturers, in order to maintain the old customers, they reduced the price and sold at a cut profit, and the market quotation range is still down. Considering the current alternating maintenance of domestic and foreign devices at manufacturing plants, the suppliers of each manufacturer still have the right to speak, and the overall supply of goods is still tight. Under the game between supply and demand, the market price keeps high in a short time. Please continue to pay attention to the subsequent supply policies of manufacturers and the actual transaction situation of downstream manufacturers.