Investment

GLOBALDATA

China Coal_MS

Oil Inventory
-Global The Flowing Oil Chartbook_CS

- USA Weekly Refining Cut Points _UBS

China Steel Inventory
-UBS Daily or China Steel Sector(20160930)
-中國鋼鐵工業協會
--Inventory

China Consumer_MS
-Cotton/Yarn price & spread
-Synthetic Fiber Price
-International Leather Price
-EVA/Crude Price
-Soybean, Wheat, Flour, Corn, Rice, Palm Oil,Rapeseed, Sugar, Orange Juice, Barley, DDGS, Pet, Tin, Long Fiber Pulp, Short Fiber Pulp, Raw Milk, Live Hog, Pork Wholesale, Lean Hog, GDT WMP, GDT, GDT SMP

USA

Retail and Consumer

--Monthly Personal Income, Personal Consumption Expenditure, Disposable Income, Personal Saving

--Food-At-Home, Food-Away-From-Home

--Food Market, Alcoholic Beverage, Gasoline and Other Motor Fuel, Pharmaceutical & Other Medical Products, Pets and Related Products, Flowers &Seeds and Potted Plants, Film & Photographic Supplies, Household Supplies, Personal Care Products, Tobacco, Magazine, Newspapers and Stationary, Total Consumption Market, Total consumption market excluding Fuel

--Furniture & Furnishings, Household Appliances, Glassware & Tableware and Household Utensils, Tools & Equipment for house and Garden, Video and Audio Equipment, Photographic Equipment, Information Processing Equipment, Sporting Equipment & Supplies & Gun & Ammunition, Jewelry & Watches, Women's an Girls' Clothing, Men'S & Boys' Clothing, Children' & Infants' Clothing, Other Clothing Materials & Footwear, Games & Toys & Hobbles, Total Discretionary Market

--PCE Breakdown, Durable Goods(Motor & Vehicles & Parts, Furnishings & Durable Household Equipment, Recreational goods & Vehicles, Other Durable Goods, Nondurable goods(Food and Beverages purchased for off-premises consumption, Clothing & Footwear, Gasoline & Other Energy Goods, Other Non-durable goods) Services(Household Consumption Expenditures(For Services),Housing and Utilities, Health Care, Transportation Services, Recreation Services, Food Services and accommodation, Financial Services & Insurance, Other Services, Final consumption expenditure of nonprofit institutions serving household
**Bureau of Economic Analysis

Asia Oil Weekly_20160919_CS

--Sector Valuation Chart

--Asia refining margin - CS Singapore GRM, Gasoline crack, Diesel crack, Fuel Oil crack, APAC refining outage

--Asia Chemical Margin - PE margin, PP margin, PVC margin, PX margin, PS margin, ABS margin, Butadiene margin, EDC margin, SM margin, PET margin, PX-Naphtha margin, MEG-Ethlyene margin,

Rock Fuel and Steel_20160919_JPM (ASIA)

--Key Global steel prices, Key raw material prices, LME-Price and inventory changes, SHFE-Price and inventory changes, India-Steel demand and supply, Regional Price monitor(Energy), Regional cracks/spreads, India Oil Product Consumption,

--Petrochemicals Monitor, PE-Naphtha, PP-Naphtha, PX-Naphtha, PTA-PX, MEG-Ethylene, POY-PTA/MEG,

--Asia Oil demand - China, India, Japan, South Korea, Thailand, China chemical demand

台塑集團：http://www2.fpg.com.tw/html/pdt/pdt_che.asp
http://www.fpgmuseum.com.tw/abroad/abroad_fpg.htm

PVC -1305華夏, Formosa(USA), Westlake(WLK),

2015年營收方面，VCM佔15%、PVC粒及化學品佔56%、PVC建材佔5%、塑膠布佔17%、塑膠皮佔7%。

3.產能狀況與生產能力
產能部份，公司頭份廠PVC總產能18萬噸/年，林園廠產能20萬噸/年，其中子公司華聚產能為20萬噸/年。
轉投資公司-台氯(持股87.22%)VCM年產能為42萬噸。

https://www.moneydj.com/KMDJ/Wiki/WikiViewer.aspx?KeyID=a3f3b4e1-9007-45c3-87fa-a0a30086ce52

EG - 1303 1710 1718

1710
http://www.moneydj.com/KMDJ/Wiki/WikiViewer.aspx?KeyID=f5f44d98-dcc1-47a9-a654-27c5cc9e9a11
1718
http://www.moneydj.com/KMDJ/Wiki/WikiViewer.aspx?KeyID=0361f60c-a8b7-4b58-b00a-143a8d75d11a

PP - 1704
TPE - 1704, 2103

1704
2014年各項產品營收比重分別是甲醇佔11%、溶劑佔12%、熱可塑性橡膠(TPE)佔39%、聚丙烯(PP)佔27%、銅箔佔6%。
http://www.moneydj.com/KMDJ/wiki/wikiViewer.aspx?keyid=6b586b7c-e7ba-436e-90e5-11ad20b5bc06

2103
2015年產品結構比重分別為合成橡膠(SBR、BR)佔60%、TPE佔40%，產品應用以輪胎為主。
http://www.moneydj.com/KMDJ/wiki/WikiViewer.aspx?KEYID=430fd75c-6bf2-41f2-8f9d-e68b448c4d82

PX - 1326 1402 1710

苯 - 1326, 4725
--coal produced 苯 would be not cost-efficient if the coal price is high.....
-appledaily 20161213 苯價大漲後，對台灣廠商是好是壞？目前各界解讀分歧。投資法人的看法是，苯的漲勢對下游產品報價屬正面效益，因此像苯系列產品布局最深的台化、專注苯酚的信昌化、CPL（己內醯胺）廠中石化（1314）等，第4季營運將就此提升。

SM 苯乙烯單體 - 1326, 1312, 1310

Styrene(苯乙烯)

1310
2014年營收方面，SM占95%，甲苯2%，對二乙苯2%。
http://www.moneydj.com/KMDJ/Wiki/WikiViewer.aspx?KeyID=1e78e2e7-e897-4143-927d-15072c6a16ad

苯乙烯單體
https://tw.answers.yahoo.com/question/index?qid=20061119000012KK07345

Polystyrene (PS) 聚苯乙烯
ABS 丙烯腈(AN)-丁二烯(Butadiene)-苯乙烯共聚物
台達化(1309)

Phenol - 酚

4725
http://www.moneydj.com/KMDJ/wiki/wikiViewer.aspx?keyid=22e0a485-6e92-4a20-9bf8-ebe22e25f191

Caprolactam(CPL) 己內醯胺 - 1314
Yuanta Korea report
European Chemicals_20160921_DB.pdf

PE - LyondellBasell, 台塑、台聚、亞聚

1304.TW 台聚： - LDPE,HDPE,LLDPE (from 乙烯) EVA (from 醋酸乙烯酯(VAM))

"""

聚苯乙烯24.46%、LDPE/EVA18.25%、塑膠粉粒、酸鹼14.70%、HDPE/LLDPE9.47%、包裝膜7.61%、ABS 樹脂6.84%、塑膠製品5.85%、鐵氧磁鐵粉及鐵芯4.10%、VCM 氯乙烯單體3.94%、塑膠皮1.94%、其他1.15%、玻璃棉產品
"""

1308.TW 亞聚：低密度聚乙烯66.91%、乙烯醋酸乙烯酯樹脂33.09% (2015年)

EVA - 台聚

POY – PTA/MEG spread
-1455, 1444,1452,1459

台橡-2103
[投資策略]如何投資景氣循環股?以台橡(2103)為例!
http://allenslifestyle.com/archives/6558

from Tires_20160930_Mirae.pdf, we see that the Synthetic rubber highly correlates with Natural rubber.

煤化工 coal tar- 1723
https://www.ptt.cc/bbs/CFP/M.1202097742.A.368.html

1. 是否為經久不變的產品？
除了介相瀝青粉末及新產品碳纖維材料，大多是少有變化的產品(例如苯及甲苯)
http://tkuewlch.pixnet.net/blog/post/29417055-中碳的護城河

苯-Ordinary reference
甲苯Toluene
Weekly Refining Margin Pack_20160920_CS
The Flowing Oil Chartbook_20160914_CS

中鋼(2002)集團旗下中碳為台灣唯一煤化工廠，長年蟬聯化工股獲利王，去年產品營收比重為煤焦油系列的雜酚油佔比25%、軟瀝青佔比10%、奈佔比9%；輕油系列的苯及甲苯佔比27%；焦碳占比10%；電池負極材料介相瀝青碳微球佔比則升至9%。
20160108
http://www.moneydj.com/KMDJ/News/NewsViewer.aspx?a=12afa1ee-830e-401e-97ad-ba2b9bd4fa55

Investment

Monday, January 23, 2017

籌碼

Sunday, October 30, 2016

key report

Monday, October 3, 2016

exclude

Sunday, October 2, 2016

Electronic Commodity

Sunday, September 25, 2016

Petrochemical/Materials/Commodity

Saturday, September 24, 2016

Sector

Wednesday, May 25, 2016

pocket