2016 outbreak of the domestic chemical market activity, business agency chemical index rose from 618 points to the end of the year of 833 points, the overall increase of up to 215 points. Recalling the rise in the chemical market in 2016, can not be separated from the promotion of key factors, the business summed up the chemical industry, the ten key words, as follows:
[crude oil rebound]
WTI hit a low of $26.21 a barrel in early February 11th, rebounding all the way to $102.56 a barrel in late December 23rd. More than doubled throughout the year.
[supply side reform]
November 10, 2015, Xi Jinping, general secretary of the central financial leading group of the eleventh meeting for the first time, in a modest expansion of aggregate demand, while strengthening the structural reform of the supply side”. Supply side reform has become the focus of national attention in 2016. Through the supply side reform to eliminate backward production capacity, improve the quality of the industry, optimize the industrial structure is conducive to the long-term sustainable development of chemical industry.
[Planning] in 13th Five-Year
October 2016 “petrochemical and chemical industry development plan (2016-2020)” was officially released from the policy to promote a new starting point for the 2016 chemical industry cycle.
July 2016 the first batch of central environmental inspection teams stationed in Mongolia, black, Su, Gan, Yu, Guizhou, cloud, Ning and other 8 provinces (autonomous regions) to carry out the work of environmental protection inspectors. In November 24, 2016 second batch of environmental protection inspectors work started, the formation of the 7 Central Environmental Protection Inspectorate, responsible for the 7 provinces of Beijing, Shanghai, Hubei, Guangdong, Chongqing, Shaanxi, Gansu (city) to carry out supervision and inspection work. Strict rectification, shutting down backward, heavily polluting chemical enterprises.
[real estate unpopular]
Since 2016, China’s real estate market reproduction hot, driven by a number of decoration, decoration materials for the end of the chemical products market.
Twenty leaders of the group of G20 summit in September 4th to 5 in Zhejiang, Hangzhou, Hangzhou and the surrounding enterprises stop production, chemical prices rose.
September 21st by the Ministry of transport, Ministry of Public Security jointly issued the regulations on the implementation of the provisions of the highway traffic management regulations, the transport costs generally raised.
Beijing time 15:30 on November 9th, the U.S. presidential election, Trump to 276 votes more than the votes of the president of the United States to win the victory of the new president of the United States to become the new president of the United States, with a total of more than 218 votes in. Analysts said, after Trump came to power or will affect China export exports of titanium dioxide, for this kind of good chemical species or under pressure, and China chemical enterprises into the international market, the pace will slow down or.
[the federal reserve rate hike]
Beijing time on December 16th morning, the Federal Reserve announced that the federal funds rate target range increased by 25 basis points to the level of 0.5% to 0.75%. Interest rate on energy, intangible assets, such as slightly larger impact on the external impact of assets.
Devaluation of the renminbi
As of December 27th, the RMB against the U.S. dollar since the beginning of the devaluation of more than 7%, reaching $7.04%, the central parity of RMB against the U.S. dollar from the beginning of the year to reduce the current 6.95 to 6.50. This will make commodities, textiles, clothing, shipping, chemical and other industries closely related to the export of strong boost.