On January 18, the closing price of phenol Market in Europe was stable, with the latest quotation of 1026-1030 euros/ton.

Recently, Zhanjiang Branch of CNOOC (China) Co., Ltd. has successfully tested Ledong 10-1-13, an ultra-high temperature and ultra-high pressure exploration well in Yingge Haile East 10 area. Previously, the well drilled more than 100 meters of gas reservoirs. New breakthroughs have been made in the exploration of “Shuangchao” area in the western South China Sea. This is what Hainan Daily reporters learned from CNOOC on the 16th.

Looking back in 2018, oil and gas exploration in the west of the South China Sea has achieved a bumper harvest, and the reserves assessment index has been overfulfilled. Five commercial and potential commercial discoveries, six successful evaluations and three large and medium-sized oil and gas fields have been found. From crude oil to natural gas, from ultra-high temperature and pressure to deep water, exploration in Western South China Sea has blossomed at many points, breaking the silence of breakthroughs in Lingshui 17-2 gas field after its discovery, and forming a new peak of oil and gas reserves growth.

According to reports, CNOOC has four major oil and gas producing areas in China’s offshore: Bohai Bay, the western South China Sea, the eastern South China Sea and the East China Sea. Among them, the western South China Sea is rich in oil and gas resources. Since 1980s, a number of oil and gas fields have been discovered, and tens of millions of tons of oil and gas production capacity have been built. Entering the Eleventh Five-Year Plan, Zhanjiang Branch of CNOOC has strengthened geological research and technical tackling, effectively promoting oil and gas exploration. During the Twelfth Five-Year Plan period, 11 oil and gas fields were discovered in this area, and proved oil and gas reserves exceeded the sum of the Tenth Five-Year Plan and the Eleventh Five-Year Plan. Especially in natural gas exploration, many gas fields, such as Lingshui 17-2, have been discovered, and the exploration reserves of natural gas in the future are the sum of the previous 30 years. At the beginning of the 13th Five-Year Plan, because the geological conditions in the field of exploration are becoming more and more complex, the difficulty of exploration is increasing, and it is difficult to find more discoveries. In this regard, Zhanjiang Branch of CNOOC further strengthens theoretical research and technological innovation, and achieves good exploration results.

In 2018, two medium-sized and high-quality oilfields were harvested in crude oil exploration in the western South China Sea. Guided by the innovative knowledge of “low-angle fault reservoir control” and “sandy clastic flow lithologic trap”, we deepened the integrated operation of rolling exploration and development, deployed exploration wells between the two developed oilfields and implemented a medium-sized oilfield in the high-maturity exploration area of Weinan, Beibuwan Bay. In Wushi Depression of Beibuwan Bay, the first large-scale oil and gas discovery was made in Xiayang Formation of Wushi area, and another medium-sized oil field was implemented. In Wenchang exploration area of Pearl River Mouth Basin, rolling exploration was carried out and commercial discoveries were harvested.

In the same year, gas exploration in the western South China Sea was gratifying. In Ledong 10-1 area in the field of ultra-high temperature and high pressure, the evaluation well Ledong 10-1-6 drilled 133 meters gas reservoir, creating the thickest single well discovery gas reservoir record, single well exploration and the largest third-class reserves record in the basin. The evaluation of Ledong 10-1 area is successful and shows great potential for natural gas exploration. On December 25, 2018, Zhanjiang Branch of China National Offshore Oil Co., Ltd. deployed Ledong 10-1-13, an ultra-high temperature and ultra-high pressure exploration well in Yingge Haile East 10 area, and made a new breakthrough in the field of “double supersonic” exploration in the western South China Sea. In the deep-water eastern area of Qiongdongnan Basin, CNOOC has drilled two exploration wells and obtained two potential commercial discoveries, which confirmed the Songnan-Baodao hydrocarbon-rich depression in the deep-water Eastern area, expanded two sets of new reservoir-forming assemblages, and pushed deep-water exploration into the fast lane again.

At the same time, China National Offshore Oil Co., Ltd. Zhanjiang Branch has set off a new upsurge in foreign cooperative exploration. Six petroleum contracts were signed in 2018, which set a new 11-year high in the western South China Sea. The imported exploration investment is particularly significant, which will greatly boost the exploration process in the western South China Sea.

January 16th India phenol Market closing price stability, the CIF price of US $1013-1016 / ton.

On January 16, the Asian acetone market closed at a stable price of $498-501 per ton, CFR China.

Kuala Lumpur, Jan. 14: Malaysian spot tin prices rose by $240 on Monday to $20,420 per ton, with volume of 35 tons, compared with 35 tons on the previous trading day.

According to statistics, domestic hydrofluoric acid prices declined this week, the price at the end of the weekend was 12775 yuan/ton, down 3.58% from 13250 yuan/ton at the beginning of the week and 7.20% from the same period last year.

Products: Hydrofluoric acid prices continued to fall this week, enterprises reflect that the current on-site supply of hydrofluoric acid is sufficient, the recent on-site situation has deteriorated, some enterprises have increased hydrofluoric acid inventory, factory prices continue to fall, but due to high domestic fluorite prices, the market price trend of hydrofluoric acid slightly declined, the current mainstream of hydrofluoric acid negotiations in the southern region is about 1250 yuan/ton. The price of hydrofluoric acid in the northern market ranges from 1250 to 13000 yuan/ton. In the near future, the northern region will be affected by the rain and snow weather. Some hydrofluoric acid plants will be parked and repaired. The price of hydrofluoric acid market will fall by a limited margin. Domestic hydrofluoric acid market prices slightly lower, due to the recent downstream refrigerant industry equipment overhaul more, the market is not good, the market price of hydrofluoric acid is lower. By the end of the weekend, the mainstream of domestic negotiations on hydrofluoric acid in Fujian was about 12 500 yuan/ton, the price of hydrofluoric acid in Shandong was 12 500 yuan/ton, that of hydrofluoric acid in Jiangxi was 12 500 yuan/ton, that of hydrofluoric acid in Inner Mongolia was 12 500-13 000 yuan/ton, and that of hydrofluoric acid was slightly lower.

Industry chain: The price of fluorite in the upstream of hydrofluoric acid is stable this week. The factory price of fluorite is 3600 yuan/ton by the end of the week. The fluorite trend is stable this week. Recent fluorite plant start-up is at a low level. The rate of fluorite plant start-up in Inner Mongolia and Hebei provinces continues to decline. On the whole, the supply of fluorite is limited, the price of fluorite remains high, and the high price of upstream raw materials is the market belt of hydrofluoric acid. With substantial positive impact, the price decline of hydrofluoric acid market is limited. Recent downstream refrigerant product maintenance devices are more, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly decreased. Recent downstream refrigerant product maintenance devices are more, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly decreased. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate declines, the main production enterprise bulk water out-of-factory offer price drops to 17500-18500 yuan/ton, but the production enterprise does not have bulk water spot, mainly with a small number of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened. Aluminum fluoride prices of downstream products have recently declined, from 13300 yuan/ton at the beginning of this week to 13200 yuan/ton at the end of the week. The price trend has declined by 0.75%. Recently, the market price of hydrofluoric acid has slightly declined due to the bad market conditions.

Industry: This week, the upstream raw material fluorite and hydrofluoric acid Market devices started to slightly lower, but the downstream refrigerant industry overhaul devices increased, hydrofluoric acid market prices slightly lower.

Recent domestic refrigerant plant overhaul is more, the market demand for hydrofluoric acid is decreasing, and the spot supply of hydrofluoric acid is sufficient, but the raw material market price is still at a high level. Chen Ling, an analyst of hydrofluoric acid business association, believes that the market price of hydrofluoric acid will decline slightly next week, and the price of hydrofluoric acid will be about 12,500 yuan/ton.

Iraq’s oil exports surged in December compared with November, due to a slow temporary recovery in November after a year of stagnation, an increase in exports from the northern Kirkuk oilfield and a record high in exports from the southern port of Basra.

In December 2018, Iraq’s oil exports averaged 3.726 million barrels a day, compared with 3.372 million barrels a day in November, when exports fell to their lowest level in seven months due to bad weather at the southern port.

Reuters quoted a statement from the Iraqi Ministry of Oil on Wednesday as saying that Iraq’s oil exports from Basra terminal in December averaged 3.63 million barrels a day, a record high, higher than last month’s average of 3.363 million barrels a day.

According to the Iraqi Ministry of Oil, federal exports from Kirkuk Oilfield to the Mediterranean Port of Seihan, Turkey, surged from an average of 8716 barrels a day in November to 99,000 barrels a day in December.

In mid-November, Iraq resumed oil exports from Kirkuk Province, where oil flows were halted a year ago due to disputes with the Kurdistan region. After a referendum held in the semi-autonomous region that Baghdad did not recognize, the Iraqi federal government took over the Kirkuk oilfield from Kurds in October 2017, shutting down about 300,000 barrels of crude oil per day that had previously been transported and exported to Seihan in Kirkuk Province. However, the only export of Kirkuk’s oil is the Kurdistan Regional Government (KRG) pipeline. Iraq and KRG use the federal government’s export pipeline to reach agreements in Baghdad.

According to the nickel price monitoring of the business community, the spot price of nickel on September 25 was 109,375 yuan / ton, up 1.17% from the previous day and up 28.43% year-on-year.

Nickel prices have recently risen better. On the one hand, China’s infrastructure projects have expanded, and key projects in Xinjiang’s new construction focus on water conservancy, transportation, energy, industry and people’s livelihood construction, which will benefit basic metals. On the other hand, the demand for high-nickel batteries for new energy vehicles is growing at a high rate, nickel ore is scarce, and the possibility of future increases is high. The continued decline in LME and inventory in the previous period has supported nickel prices. In addition, during the peak season of consumption in September and October, nickel demand is expected to improve and nickel prices are rising.

The market outlook: Before the trade war was exhausted, the recent interest rate hike program of the Fed, the arrival of the peak season, nickel demand or better, is expected to be strong in the short-term shock of nickel prices.

First, the price trend:

According to the price monitoring of the business community, the domestic crude benzene market price increased slightly this week, and the quotation closed at 5,248 yuan / ton, an increase of 2.75%.

Second, the market analysis:

Product: The price of crude benzene in China is large this week. As of Friday, the mainstream price in Shandong was around 5,260 yuan / ton; the mainstream price in Shanxi was around 5,000 yuan / ton; the mainstream price in Inner Mongolia was around 5,400 yuan / ton.

Industry chain: The crude benzene market fell slightly this week. The price of hydrogenated benzene in the downstream continued to fall back by about 200 yuan, but the profit fell. The crude benzene continued to rise in the late stage and the resistance was relatively high. Prices are expected to continue to fall.

Third, the trend forecast:

The crude benzene analyst of the business community believes that there has been a slight correction and it is expected to continue to call back later.

On September 12, the metal zinc market in the domestic market fell. The average price of metal zinc in the domestic spot market was 21385.00 yuan/ton, down 0.50% from the previous trading day; the average ex-factory price was 21940.00 yuan/ton, compared with the previous trading day. The price fell by 0.52%.

On September 11, the zinc (market) commodity index was 122.77, down 1.66 points from yesterday, down 21.19% from the highest point of 155.77 points (2017-10-09) in the cycle, compared with the lowest point of 72.28 points on November 22, 2015. It has risen by 69.85%. (Note: Period refers to 2011-09-01 to date).

On September 12, the price of zinc fell, and the recent zinc price fluctuated. On September 12, domestic zinc prices fell, and prices fell by around RMB 100/ton. The overall demand of the zinc market has not changed significantly, the market performance has struggled, and the zinc warehouse inventory has increased. However, the Shanghai futures market has a limited growth in recent inventory, which is still at a low level in the same period. On September 12, the Shanghai futures market had 2,868 tons of zinc ingots and 374 tons of inventories. The market activity of zinc ingots was poor, and the overall transaction volume was low.

Market outlook: After the market outlook, market demand has not improved significantly, and zinc prices have not been able to rise. The recent increase in market supply has led to a decline in zinc prices, but the inventory of futures zinc ingots is at a low level, and zinc prices will not cause a large decline. The demand environment has not changed, the zinc price growth in the market is weak, and the supply is limited. It is difficult for the zinc price to fall sharply. It is expected that the zinc price in the market will fluctuate and adjust.