Chemical products fell mainly, and MDI, urea, and glyphosate increased profitability: International crude oil prices continued to be weak. After the prices of upstream products continued to fall, they were gradually transmitted to midstream and downstream products. The prices of chemical products fell mainly. This week, the rubber, plastics, chemical fiber, and chlor-alkali industry chains fell across the board. Polyurethanes and agrochemicals were mixed. Domestic and foreign MDI devices were overhauled and prices continued to rise. This week's pure MDI in East China increased by 2.3%. Urea supply and demand was good, prices rebounded, and the price of Hualu Hengsheng rose by 0.9%. Phosphorus orders were sufficient and prices rose slightly, rising 1.2% this week. As the price of upstream raw materials continues to decline, the profitability of MDI, urea, and glyphosate has expanded.
This week's Galaxy Chemical Business Climate Index was -12, last week the index was -5 (7 fell 2 up 11 levels), compared to the May Index was -14 (16 fell 2 up 2 levels). From our long-term tracking of the index, the current index is close to the empirical bottom. Combining our judgment that the price of crude oil is falling is limited, we believe that the chemical industry is in the bottom left area and it is recommended to gradually start to pay attention. At the same time, attention was paid to the significant growth in the second quarter, as well as the personal explosion, the civil explosion and the asphalt industry. The global ocean drilling market has recently witnessed positive signs. The rate of deep-water drilling has risen significantly, and the rate of drilling vessels in the middle water depth has also shown signs of increasing. In shallow water, although the utilization rate of the North Sea area has some corrections, the rate is also The increase is obvious. We are optimistic about the upsurge of natural gas volume and price during the 12th Five-Year Plan. Natural gas prices are also expected to increase. To ensure the supply of domestic natural gas, coal-to-natural gas projects are expected to receive greater development. We recommend focusing on the coal-to-natural gas industry chain, including Datang Power Generation. Sinopec, China Chemicals, 3D Engineering. The second round of shale gas tendering in China will soon be based on the idea of ​​the Ministry of Land and Resources. It should be Guangkaimen and Donako. It is recommended to pay attention to the companies Huibopu, Guanghui and Jereh which may be selected.
Extra Deep Water Well Drilling Rig
Ultra deep extra depth well drilling rig for sale in Philippines,Iran,U.A.E and Saudi Arab
The rig is applicable to drill and exploit in medium and shallow oil deep water well natural gas salt well coalbed methane as well as coal mine construction field.
Structure Features
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3.Available to match with catched device to tighten and loosen drilling tools
Reliability and efficiency through innovation
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