In the first three quarters, the overall domestic macroeconomy performed well, not only achieving the goal of a soft economic landing, but also continuing to maintain a sound monetary policy and the full implementation of structural adjustment policies, the GDP growth rate rebounded slightly. Statistics show that in August 2017, the value added of the industrial enterprises above designated size increased by 6.0% year-on-year in real terms. From January to August, the value added of industrial enterprises above designated size increased by 6.7% year-on-year. On the whole, the production growth rate of high-energy-consuming manufacturing has continued to fall, but high-tech industries and equipment manufacturing have maintained relatively rapid growth, and related investment has also accelerated to emerging industries. The growth rate of Shuangchuang’s investment continues to increase. With the industrial transformation and upgrading, China’s economy has accelerated the conversion of new and old momentum. In the chemical industry, due to the full implementation of the specific measures of the environmental protection supervision policy and the full clearance of backward production capacity, the prosperity of some industries has rebounded. In addition, the demand in emerging fields has increased significantly, especially the coal and steel industries in the first half of the The company’s profitability and profitability have been continuously revised. The bull market created by black products in the first half of the year has caused a collective turnaround in the industry to win a good situation. With the support of the destocking cycle, the company’s operating conditions have been improved. Overall improvement. However, in the peak season for the traditional demand of the Golden, Nine, and Silver, 10 chemical industries, the market trend is not satisfactory. As domestic demand growth has no obvious bright spots, and the environmental protection policy storm has subsided, the operating rate of some industries has gradually recovered and even reached historical highs, but the actual consumption has not shown a significant amount There are signs of growth, so black products bear the brunt of a sharp dive, but the industry operating rate is still at a high level, and it is likely to enter the destocking cycle again in the future. Therefore, the overheating phenomenon of some industries in the first half of the year will be further adjusted after entering the fourth quarter, which is not conducive to the clearing of outdated production capacity, and is likely to lead to the failure of the stage of supply-side structural adjustment. Therefore, in the second half of the year, the chemical industry as a whole is in a "cooling" stage, and the falsely high bubbles generated by various "conceptual" speculations will be digested by the market itself. From the perspective of the external environment, the U.S. balance sheet contraction is expected to continue to strengthen, but the actual economic recovery momentum is still weak, and the risk of shocks to emerging economies still exists. Other major foreign trade areas such as Europe are facing an exit from the monetary easing cycle, coupled with trade protectionist barriers. The global spread will continue to put pressure on domestic and foreign exports, and the growth rate is expected to continue to decline in the fourth quarter. It can be seen that in the second half of the year, the domestic macroeconomic growth rate will continue to operate at the bottom of the L-shape, and the emerging sectors are not enough to support effective demand and can occupy a major proportion. The structural imbalance in the traditional sectors is difficult to effectively reverse in the short term. The specific industry as a whole will be in a cooling cycle, which will affect the industrial value-added data and it is likely to appear weak. In the absence of new kinetic energy and the emergence of bright spots in consumption growth, the investment growth rate of the chemical industry will continue to decline and is likely to continue a negative growth situation. In the fourth quarter, it is expected that the center of gravity of the chemical product market will drop to seek bottom support, and it is likely that the black series will continue to be led. In addition, the overall destocking cycle is expected to be relatively elongated, the expected cyclical decline in the benefits of enterprises in the industry, and the price bubble and falsely high profit margins in some industries will return rationally and be effectively compressed.

Environmental protection and strong winds such as limited production during the heating season have hit steel, chemical, cement, electrolytic aluminum and other industries again. The industry believes that the steel market will be another turmoil at the end of the year, and prices may continue to push up. The staggered production of cement may lead to negative growth in output in 2017, while the chemical industry is showing a polarization trend. The scattered small chemical plants and small product companies will be the focus of environmental protection supervision. The elimination of these companies will be eliminated. In the long run, it is good for the entire industry. Since the 18th National Congress of the Communist Party of China, the reform of the ecological civilization system has been placed in a prominent position in the comprehensive deepening of reforms. In September 2015, the Central Committee of the Communist Party of China and the State Council issued the "Overall Plan for the Reform of Ecological Civilization System", and the design of the top-level system in the form of "1+N" began. Since then, the previous central deep restructuring meetings have reviewed and approved a series of supporting policy documents related to the reform of ecological civilization. Since the beginning of this year, environmental protection related policies such as the "Beijing-Tianjin-Hebei and Surrounding Area Work Plan for Air Pollution Prevention and Control in 2017" have been introduced intensively. At the same time, the central environmental protection supervision has achieved full coverage of 31 provinces, autonomous regions and municipalities, and has promoted the resolution of a large number of prominent environmental problems. . Below this, the place also moved. Hebei Province, a major iron and steel province, proposed that Baoding, Langfang, and Zhangjiakou will build "steel-free cities", Zhangjiakou will basically achieve "mine-free cities", and Zhangjiakou, Langfang, Baoding, and Hengshui will strive to achieve "coke-free cities." "A number of environmental protection policies are superimposed, and there are very few steel production enterprises left." Jinlianchuang Metal Industry Editor-in-Chief Yi Yi introduced to the reporter of "Economic Information Daily". However, the strong wind of environmental protection is still behind. According to the 2017 Work Plan for Air Pollution Prevention and Control in Beijing-Tianjin-Hebei and Surrounding Areas, the heating season of "2+26" urban industrial enterprises will be staggered. The cement and foundry industries have all-out staggered production. Except for the tasks of people’s livelihood, all the heating seasons have staggered production. From September 15th, the Ministry of Environmental Protection has launched atmospheric inspections on the Beijing-Tianjin-Hebei region in autumn and winter. This inspection is aimed at companies and governments participating in the "2+26" urban air pollution control in autumn and winter. Yiyi believes that the steel market will be another turmoil at the end of the year, and prices may continue to push up. Taking the price of rebar as an example, there will still be 200-300 yuan/ton upward space in the later period. But chase the rise with caution. Haitong Securities analyst Jiang Chao said that the output of 28 cities in 2016 accounted for one-fifth of the country's output, and the national cement output in the first July of 2017 only increased by 0.3% year-on-year, so peak production may lead to negative growth in 2017. From the perspective of the chemical industry, Jinxian Energy and Chemical Industry Editor-in-Chief Wang Zhenxian said that my country's chemical companies are currently polarizing. The production of major bulk chemicals is concentrated in the hands of large private enterprises such as three barrels of oil and local refineries. The supporting environmental protection measures for these enterprises are generally relatively complete. Due to the large impact on the local economy and society, the impact of environmental protection supervision is limited. On the other hand, there are a large number of scattered small chemical factories and small product enterprises, and there is a long-term lack of supervision. This part of enterprises will be the focus of environmental protection supervision. Environmental supervision has been positive for chemical companies for a long time, and the policy threshold can eliminate some relatively inefficient small companies.   related news Strengthen environmental protection rectification, steel deep processing industry is "reducing volume adjustment"2017-09-22 09:41 The 2017 International Forum on Sustainable Development of Iron and Steel and Coal Chemical Industry and the Inaugural Meeting of "Sustainable Development Think Tank" was grandly held in Beijing 2017-09-19 17:33 "Debt-to-equity swap" only accounts for 4%. What is the difficulty of deleveraging in the steel industry 2017-09-16 20:41

Last week (9.18~9.22) a total of 135 listed companies in the two cities disclosed their investigations. From the perspective of industry distribution, the surveyed companies are mainly concentrated in the electronics, chemical, medical and biological industries. According to industry classification, the companies surveyed last week were mainly concentrated in the three major industries of electronics, chemicals, and pharmaceuticals and biology, and the number of companies involved were 23, 15 and 13 respectively. In the last week (9.18~9.22), a total of 135 listed companies in the two cities disclosed their investigations. From the perspective of industry distribution, the surveyed companies are mainly concentrated in the electronics, chemical, medical and biological industries. According to industry classification, the companies surveyed last week were mainly concentrated in the three major industries of electronics, chemicals, and pharmaceuticals and biology, and the number of companies involved were 23, 15 and 13 respectively. The 12 electronic industry companies surveyed predicted the first three quarters: In the chemical industry, Shanghai Securities analyst Shao Rui pointed out in his industry research report on September 19, “The chemical industry is not only used in traditional industries, Emerging fields such as new materials are also indispensable. In the past, many high-tech industries were monopolized by foreign-funded enterprises. With the advancement of domestic technology, the gradual transfer of downstream emerging industries to the country, mergers and acquisitions, and other corner overtaking methods, chemical fine chemicals and The field of new materials is developing rapidly. Investors can lay out industries with strong performance certainty. TFT, adhesives, printing consumables, ceramic materials, lithium battery materials, functional films, etc. all have layout value." In terms of individual stocks, Gosuncn has received 49 institutions in total last week, ranking first; Xinhecheng has received 46 institutions, ranking second; Nasda received 37 institution surveys, ranking third. At the research meeting of Gosuncn, the relevant person in charge revealed that the company and Huawei are cooperating in some businesses and have signed a cooperation agreement. Huawei recognizes the company’s three-dimensional cloud defense system. Currently, the three-dimensional cloud defense system has been used in some parts of the company. Cooperation projects. In addition, with regard to the future development plan of the Internet of Vehicles business, the relevant person in charge of Gao Xinxing pointed out that the Internet of Vehicles is an area with relatively mature development, relatively large market, and relatively clear profit model in the sub-field of the Internet of Things. Gosuncn will mainly use hardware as the carrier and carry a software platform. The business prospects of this business will be very impressive. In terms of the types of research institutions, securities firms have the strongest research interest, participating in the research of 108 companies; public funds participated in the research of 58 companies, ranking second; Sunshine Private Equity participated in the research of 51 companies, ranking third; overseas institutions and insurance companies were respectively Participated in the survey of 31 and 33 listed companies. In terms of specific institutions, private equity Star Stone Investment investigated the clean environment, Heju Investment investigated Xinhecheng, Qianhe Capital investigated China Media Holdings, Supply and Marketing Daji, and Chongyang Investment investigated Goldwind Technology, Wen's Hecheng, Zhuque Investment researched Jingrui shares and New Times; for public funds, Bosera researched Ninestar, Gosuncn, Guangwei Composites, and Huitianfu researched Anhui Technology, Guangwei Composites, and Harvest Research With Huayi Brothers and Salt Lake, E Fund investigated Wen's shares, Gosuncn and Bank of Hangzhou; in terms of overseas institutions, Abu Dhabi Investment Bureau investigated BOE A and Rongzhilian, and Allianz Investment investigated Helitai and Zhongbai Group. , Deutsche Securities researched Costa and Shinwanda, Morgan Stanley researched Shinwanda, Oupai Home, Hao Laike, the Central Bank of Norway researched GEM and Genre Voneng, and Nomura Securities researched Goldwind. , Xinwangda, Credit Suisse researched Oppen Home and Haolaike. (Original title: The institution focused on investigating electronics, chemical, pharmaceuticals and biology last week) (Editor in charge: DF370)

Sinochem News Network News On September 14, the 2017 Green Fine Chemical New Technology and Product Exchange Conference hosted by the Fine Chemicals Professional Committee of the China Chemical Industry Society and undertaken by the Shaanxi Petrochemical Research and Design Institute and the Northwest Research Institute of Chemical Industry was held in Xi’an. More than 200 experts and scholars from relevant domestic research institutes, universities and enterprises participated in the meeting to exchange the latest trends in technological innovation and industrial development of the fine chemical industry, and discuss new products, new technologies, new equipment and new products that support the transformation and upgrading of the fine chemical industry. Craft. Wu Zhenyi, chairman of the Fine Chemicals Professional Committee of China Chemical Industry Society and chief engineer of Sinochem Chemical Science and Technology Research Institute, told reporters that the green chemical industry is facing an unprecedented environmental protection and safety high pressure situation. Only through independent innovation, the development of new products and new technologies can be accelerated. High-end green chemicals can meet the requirements of the situation and promote China from a major fine chemical industry to a powerful one. Dalian Institute of Chemical Physics, Chinese Academy of Sciences, Xi'an Institute of Modern Chemistry, Shaanxi University of Science and Technology, etc., respectively focus on the progress of methanol conversion technology, green and efficient synthesis of fluorine-containing special chemicals, and nanocomposites in leather chemicals development research and application. In addition to the conference report, two sub-venues were set up for catalytic technology and new synthetic technology, oil field chemicals and special water treatment agents.

At present, my country has become the world's largest chemical product manufacturer, and it is expected to maintain a relatively high growth rate in the future and further expand its influence. From the perspective of the development trend of the chemical industry, my country's fine chemical industry still has a lot of room for development. Fine chemical industry is currently a strategic focus of the development of chemical industries in various countries in the world, and it is also an important development direction of my country's chemical enterprises, and the prospects are still promising. Development status of fine chemical enterprises At present, most of the fine chemical enterprises in my country are backward in equipment, technology research and development cycles are too long, research and development efforts are insufficient, capital investment is insufficient, and a perfect innovation system has not been formed. There are very few fine chemicals that are truly practical, and the innovation is not high. No core competitiveness has been formed. At the same time, the degree of concentration of fine chemicals is very low, and most companies are scattered and it is difficult to produce high-level fine chemicals. The fine chemical industry should be highly integrated with the development of information technology, but the domestic fine chemical industry is still in an awkward position to survive and has no time to consider informatization, which severely restricts the healthy development of the fine chemical industry. Moreover, most of the companies are "profit only," and do not consider environmental pollution at all, causing a lot of waste of resources. The huge cost of processing the "three wastes" has become a heavy economic burden for the fine chemical industry. It can be said that environmental pollution has not only become a huge challenge facing human sustainable development, but also the biggest obstacle restricting the development of elaborate chemical industry. Comparison of refinement rates between my country and foreign countries (unit: %) 　　   Source: Qianzhan Industry Research Institute "Report on China's Fine Chemical Industry" Fine chemical product supply analysis According to the “Twelfth Five-Year Plan” issued by the state, the domestic fine chemical industry self-sufficiency rate should reach 80% or more by 2015. However, judging from the current self-sufficiency rate of the fine chemical industry, a large amount of capital and technology investment is still needed. Due to technical reasons, the domestic progress in new fields of fine chemicals and new chemical materials is slightly lagging behind. The self-sufficiency rate of fine chemicals in the new field of China is 70%-75%, and the self-sufficiency rate of electronic chemicals and other fields is less than 50%. In terms of new chemical materials, the domestic self-sufficiency rate is only hovering at 55%-60%. between. In these high-tech fields, the more high-end and important products, the lower the domestic self-sufficiency rate. Not only that, the structure of my country's fine chemical products is also not very reasonable. At present, domestically produced new chemical materials are mainly low-end products, while mid-to-high-end products mainly rely on imports. For example, the price of imported PTFE is about twice that of exported PTFE. The new chemical materials produced in my country are mainly general-purpose products, and there is a lack of specialized products for market segments. For example, among the four major types of silicone materials (silicone rubber, silicone oil, silicone resin, and silane coupling agent), developed countries have There are 6-8 thousand specific varieties and brands, but there are only dozens of them in my country. The comparison between the number of my country's fine chemical companies and the number of new projects from 2009 to 2015 (unit: unit, item) 　　   Source: Qianzhan Industry Research Institute "Report on China's Fine Chemical Industry" In addition, the market for some environmentally friendly products is still in the early stages of development. Because our country has not yet levied environmental taxes on non-biodegradable ordinary plastics. Compared with traditional plastics, biodegradable plastics are more expensive to use. The market for biodegradable plastics is still in the early stages of development. As a developing country, the ODS substitutes currently used in my country are still mainly HCFCs that have less damaging effects on the ozone layer. In the future, it will be gradually replaced with HFC, which has no damaging effect on the ozone layer. Fine chemical industry prospects forecast It is precisely because of the above-mentioned shortcomings that my country's fine chemical industry has more development prospects in the future. As more and more multinational companies invest and build factories in China, the continuous expansion of scale and the introduction of advanced preparation technology will surely bring about the continuous growth of my country's fine chemical market supply. According to statistics, in 2015, the total industrial output value of my country's fine chemical industry was about 3702.1 billion yuan, an increase of about 10% over 2014. According to the current development momentum, it is estimated that by 2021, the total industrial output value of the industry will reach about 5.9 trillion yuan, and there is still a lot of room for growth. 2016-2021 forecast of the total industrial output value of the fine chemical industry (unit: 100 million yuan) 　　   Source: Qianzhan Industry Research Institute "Report on China's Fine Chemical Industry" (Editor in charge: DF207)