Beauty bean yield raised after the accident, the CBOT soybean futures for three consecutive trading day down to the digestion of the United States department of agriculture report bearish influence, the overall decline was only 3.5%, then a rebound in China's Mid-Autumn festival holiday.Domestic oil futures market to follow beauty dish fell sharply, during which the soybean oil contracts dip below 1701 nearly 250 points, while the spot price fell just less than one hundred yuan, sales main body's price mentality. 　　Market digest faster than expected, with the report on the one hand, the former has been digested, on the other hand because of the beautiful bean export demand too "grab an eye", market soon turned to the line of sight, can say, the bean harvest low has become "the past".Obviously, the location near 930 cents per bushel is beauty bean strong support in the future. 　　The beans to regain rebound kinetic energy 　　The holiday after a brief silence, U.S. soybean export market "anticipation" the return of the Chinese buyers.It is reported that about 20% of Chinese importers to import demand in October and November needs to be about 70% of the book, most of them will be supplied by us meet.Investors for a few months later the bean exports strong "confident", this is also pull the CBOT soybean prices rebounded quickly recently main support factor. 　　"Oil world" expected, "between September 2016 and February 2016, the bean exports to leap over the previous year, 5 million tons, 45 million tons."In the United States before the new bean centralized supply market, its an old inventory will accelerate the speed down, late August beauty bean total inventories fell to 5.3 million tons, is expected to reduce 1 million tons last month. 　　In addition to the "export demand," the main bullish, worries about the weather recently, gives additional power to the beautiful bean rebound.This refers to the Midwest crop producing triggered by heavy rains, concerns or slow the pace will result in the next few Zhou Dadou harvest;On the other hand refers to the South American soybean planting outlook becomes poor, dry conditions in parts of the sowing delayed, may therefore delayed harvest time. 　　Palm oil is still the problem 　　Malaysian palm oil futures hit on September 19th, its biggest one-day gain in more than two weeks, BMD12 month crude palm oil futures rose 1.9%, to 2642 ringgit/ton, reach the highest level since November 2013, inventory demand forecasts and weakening of the ringgit, the domestic oil price forming a strong impetus. 　　From a global perspective, 2015/2016 plant oil stock dropped sharply, decline in more than 4 million tons.Oil to the world, according to "global vegetable oil production forecast in 203.8 million tons, far not enough to meet the demand of 208.2 million tonnes of global, can only rely on a large number of inventory to fill the gap."Among them, the palm oil inventories fell the most obvious, Malaysian palm oil stocks in August of 1.46 million tons, to decline from a year earlier as much as 1 million tons, which is the cause of the strong support the palm oil prices in recent months.The first half of September, Malaysia refining soft palm oil from Argentina soybean oil FOB discount once dropped to less than $10 per ton on average, follow-up does not rule out the possibility of palm oil from soybean oil short-term price premium. 　　In late September, the domestic ports palm oil inventory is still hovering around 300000 tons of low level, this is very price for spot sales main body psychology plays a main support, despite the current 24 degrees palm oil price is at the level of soybean oil above the current price for a long time, and demand the same dismal, but instead of soybean oil to "seize" a lot of market share, for soybean oil and other oil price forming joint support. 　　Rapeseed oil store or pressure again 　　September and October, domestic soybean volume was only about 6 million tons, to the port to port in oil is part of the factory there is a shortage of soybean discontinuity, open probability, in turn, is limited, and most factories periodic downtime, National Day holiday to soybean oil to inventory.Into October, grease into the traditional fourth quarter demand season, relative to character, palm oil consumption will shrink further, and there will be further improve and promote soybean oil consumption, the price at the bottom of the form. 　　According to the previous rule, in the fourth quarter of each year to the next year's first quarter, is the process of soybean oil to inventory.But unlike previous years, this year cast rapeseed oil storage for the oil supply is pressure, rumors again store is expected to restart in October, once a restart to become fact, short-term critical oil prices, will also will be the fourth quarter oil price whole upside down, therefore aspects still need to be wary of risk. 　　Medium-term extreme market is expected to hard now 　　Before entering in October in late September, namely main CBOT soybean contract is expected to hit 990 cents per bushel, even further upside to test 1000 cents per bushel of integer barrier resistance position, of course this need strong "export" or "slowing harvest concerns" to continue to cooperate. 　　Once the weather to improve, speed up the bean harvest, is likely to be empty again with the "weight", phased back it's not hard to foresee. 　　Late September quarter grain stocks report will again "test" beauty bean, market expectations beauty bean planting area may rise further, but soy stocks would fall further, long-short interwoven situation may exacerbate market volatility.CBOT soybean futures most of the time in October to hover range from 960 to 1060 cents per bushel. 　　Domestic soybean oil futures have not yet get rid of the shock interval since march to construct, soybean oil, 1701 contracts in recent months continues to wander in 6000 ~ 6450 yuan/ton range, in late September and October, is expected to appear extreme sex is still difficult to positive or negative, will its "from" shock range.

　　East international phosphate fertilizer market, still divided is bounded in the western hemisphere.Old world still have the purchasing requisition, Pakistan and India this year to purchase 2.5 million tons of ammonium phosphate.Pakistan Fauji in the tender offer and received in the India market of silence has not narrowed, the east, the price of the western hemisphere differentiation spot price and the market continues to pick up. 　　A lot of news that Chinese Fauji company in Pakistan in the tender offer fob only the equivalent of $330 or less, it a week ago and bulk purchases of diammonium Pakistan $340 cif has certain gap.Australia also participated in the Pakistan Fauji bidding.Pakistan for the second half of September shipment, but the overall supply relatively nervous time manufacturers. 　　India market calm, on August 18, the only activity is RCF bidding two batches of 20000 metric tons of low content of diammonium and ammonium, received 11 bids, and almost all goods from China.India's statistics show that the country's port inventories continue to increase, has been increased to 500000 tons. 　　The spot market supply is limited, the port of New Orleans ammonium phosphate prices continue to rebound, F.O.B. barge clinch a deal have to ~ $318 and $326 per ton, this is also a fourth straight upward.Said legg mason company has clinch a deal the eight group of diammonium and 2 group of granular ammonium orders, this formed the foundation of the higher price, barge diammonium offshore quotation has been raised to $330, a price quote fob ammonium $340. 　　Morocco OCP orders shipped to the United States on the fourth ship of 60000 tons of contract, is expected to supply the support effect of tension on the price can be reduced. 　　Latin America phosphate fertilizer prices also stabilize somewhat, Brazil 11-52 new ammonium single clinch a deal the cif price of about $350.Some importers say 11-52 content ammonium a supply source of tension.Cif European chemical companies to $350 in exports to Brazil for two ship diammonium and ammonium.Campaign freighter will also be in the middle of September shipment of 29000 tons of ammonium PhosAgro diammonium and one to Brazil, is prior to performance has signed the order.

　　There is still further downside risk 　　To enter in 2016, the market of epoxy propane in the cold winter, the market price below 7000 yuan (tons of price, similarly hereinafter), shandong spot mainstream negotiating in 6550 ~ 6650 yuan.The personage inside course of study is generally believed that as the Spring Festival approaching, the downstream part of the small plant under the market weak holiday ahead of time, pressure of supply and demand is difficult to ease, under the main factory inventory pressure or will continue to test your offer, the market fall further danger. 　　Facing the industry reshuffle 　　Into 2016, epoxy propane market price breakthrough in the industry's bottom line again and again, broken "7" in the jaw-dropping, fallen nearly 25%. 　　JiLinBao source chemical trading company manager zhang xu, contradiction between supply and demand is the fuse of epoxy propane market to new low.In epoxy propane and downstream industry chain industry transformation and upgrade under growing pressure, 2016 May be old industry made a New Year. 　　According to statistics, in the industry, which had high profits attract, many capacity gradually released, by the end of 2015, the production capacity of more than 3.1 million tons, a surplus of industry.Former star product makes the high price 13000 yuan in 2014, after 2015 have dropped below ten thousand yuan, 9000 yuan and ten thousand yuan mark, giving a heavy blow. 　　"In the face of bleak market, 2016 epoxy propane industry pace of expansion will slow. Especially in the current environmental protection pressure, China's most emulsifcation of process equipment corrosion big difficult problem, waste water and waste residues, industry reshuffle is inevitable."Northeast China oil sales company director zhu said. 　　He thinks, from the point of long-term trends, traditional craft will face a gradual exit.Although the state encourages direct oxidation (HPPO) was still in the stage of development, new and old replace still need time, but the environmental protection and energy saving will be the mainstream in the future.To be sure, in 2016, the supply will continue to keep enough, epoxy propane is difficult to have a brilliant performance, there is continued to fall. 　　Raw material cost to collapse 　　Affected by the price of crude oil, the cost of the raw material propylene epoxy propane to collapse.It never rains but it pours is China's domestic propylene capacity continues to grow, under the market environment, the domestic propylene market entered a stage of unprecedented lows. 　　"Even though 2016 and next year the domestic market environment, domestic propylene production capacity will be stop amplification, especially methanol to olefins, and propane dehydrogenation project. According to the forecast, to 2018, the propylene production capacity of methanol to olefins technology in China will achieve 17.73 million tons/year, propane dehydrogenation process of propylene production capacity at the same time also will be increased by about 6 million tons/year. Domestic propylene supply gap will shrink gradually and even completely offset, excess pressure will also come."Zhang said. 　　In the afternoon, with increasing production capacity, the buyer will dominate the market, propylene factory say slashed.Propylene market is still expected to continue shakeouts trend, difficult for epoxy propane on the cost. 　　Demand bogged down 　　The current economic slowdown, China's GDP growth slowed to the lowest nearly 12 years.Overall demand follow up slowly, the terminal software furniture, real estate, cars and other industries are also relatively cold and cheerless. 　　Continued weak downstream demand on the market trading atmosphere, before relying on the dips to take positions in the downstream production enterprises and the operational space to cut part of middlemen.Although domestic epoxy propane market have hit a low, but still did not trigger the margin requirements to follow up, the market is still refresh again low expectations, the owners think dawn days away. 　　Polyether as epoxy propane's largest downstream consumption main force, their own lack of pricing power, passive follow the raw material price movements of epoxy propane, profits but also long been epoxy propane "eat". 　　"Polyether market under pressure from excess capacity cannot hit back, only passive. Especially near the Spring Festival, small factory holiday ahead of time, more demand for more light. The real estate industry to enter the off-season, heat preservation material requirements, after the stage cover still dominant negative, afternoon market is hard to get better."Director zhu said. 　　To sum up, epoxy propane market welcomed the coldest winter in 2016.The priority of domestic manufacturers, it is a must work hard in the environmental protection technology;The second is to rely on science and technology innovation to reduce costs, improve product competitiveness;Three is to optimize the industrial chain, improve product added value and form a pattern of upper and lower linkage, promote the industry out of the trough, realize the healthy development.