Hottest October 14th, 2009, China Plastics warehou

On October 14, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 1.50 points to 948.26 points, and China Plastics warehouse receipt index rose 1.68 points to 902.33 points

I. upstream review

on Tuesday (October 13), the settlement price of West Texas light oil futures in November on the New York Mercantile Exchange was $74.15 a barrel, up $0.88 from the previous trading day, with a trading range of 72 55 dollars; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $72.4 a barrel, up $1.04 from the previous trading day, with a trading range of 70 $83

Asian ethylene closed on Tuesday in USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia (down $10/ton). European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 26 375 cents/pound, up 0.12 cents

II. Fundamental news

① spot market:

pe market growth slowed down, and high-end prices gradually disappeared. Although the international crude oil continues to rise, the ex factory price of petrochemicals has increased, and the enthusiasm of merchants to ship has increased (2) the training must reach the correct use of experimental machines, software operation and general protection and fault handling, the downstream connecting plate is still NRL researchers have taken this kind of polymer material as a coating to improve the impact resistance of solid substrates, which is more cautious, and the actual trading volume is small. At present, traders have differences about the future market, and some people operate cautiously to avoid risks. The latest quotation of Yuyao plastic city is yuan/ton for wire drawing materials, yuan/ton for plastic injection materials, yuan/ton for film materials, and yuan/ton for hollow materials

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall was mainly stable at noon today, and some brands were adjusted, ranging from yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll0911

10083

10222

10205

57

196

ll0912

10100

10090

10073

48

122

this morning, LLDPE warehouse receipts opened slightly higher. After a brief adjustment in the early market, it began to rise in pieces, and the index rose. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 7.88 points to 1036.70 points. In the afternoon opening, the market maintained the trend of early trading, continued to rise slowly, and closed up in the middle of the late trading. Finally, LLDPE warehouse receipts closed at 1037.40 points, up 8.59 points or 0.83% from the previous trading day. The daily K-line of the index closed down at the negative line, the 5-day moving average crossed the 20 day moving average, the MACD index was double-line up, the red column increased, the KDJ index operated in the overbought area, the opening of the BOL line changed little, and the price line moved up slightly. The National Expert Advisory Committee on the development of new materials industry was established. Today, the trading volume was reported to be 105 batches, and the order volume reached 1.03 billion pounds, and 334 batches were reported

the main variety ll0911 reported low and went low. The market fell slightly in the early stage. After 10 o'clock, the market suddenly rose, and the quotation rose rapidly. In the afternoon opening, warehouse receipts continued the trend of early trading, with a slight oscillation and a sharp rise in the late trading. By the end of trading, ll0911 closed at 10222 yuan/ton, up 91 yuan/ton, and the daily K line closed at the long positive line

IV. future forecast

in terms of spot goods, crude oil rose slightly, ethylene prices continued to fall, some manufacturers raised their listing prices, and market prices continued to rise. However, the rise slowed down. When the transaction was not followed up, it was dominated by high-level shocks. In terms of warehouse receipts, LLDPE warehouse receipts are in a slow upward stage today, and the overall performance is acceptable. It is expected that the market will continue to rise in the later period

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