Hottest October 16, 2009 China Plastics warehouse

  • Detail

On October 16, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 1.19 points to 948.63 points, and China Plastics warehouse receipt index fell 1.71 points to 903.93 points

I. upstream review

on Thursday (October 15), the settlement price of West Texas light oil futures in November on the New York Mercantile Exchange was $77.58 a barrel, up $2.40 from the previous trading day, with a trading range of 74 97 dollars; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $74.45 a barrel, up $1.35 from the previous trading day, with a trading range of 72 65 dollars

Asian ethylene closed at USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia on Thursday, closing flat with the previous day. European ethylene closed at euro/ton FD northwest Europe (down 15 euros) and dollar/ton CIF northwest Europe (down 7.5 dollars). Us ethylene closed at 27 25 cents/pound, up 0.875 cents

II. Fundamental news

① spot market:

pe market is driven by the continuous sharp rise of international crude oil, the inquiry atmosphere has improved, and the quotation is steadily higher. The mentality of merchants is still unstable, and there is no good expectation for the short-term market. At present, the mentality of traders is divided, and the downstream demand is not met. Dhananjay s and others use hydroxyethyl 2-methacrylate to modify poly2-methylsiloxane elastomers. Through infrared detection and wetting angle measurement, it is found that hydroxyethyl 2-methacrylate can keep the long hydrophilic surface of siloxane elastomers to follow up in time, the trading atmosphere is difficult to be active, and the hype intention is not high. The latest quotation of Yuyao plastic city is RMB/ton for LDPE, RMB/ton for LLDPE and RMB/ton for HDPE wire drawing material

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall was mainly stable at noon today. Some brands were adjusted, ranging from yuan/ton, and some brands fell by 520 yuan/ton

III. technical status

main warehouse receipt

opening price

closing price

settlement price

trading volume

order quantity


1 and save the results 0250






10246 00





today's opening, LLDPE warehouse receipts rose and fell, gradually stabilized after 9:30, and the market was sideways consolidated, Maintain a small rise. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 0.57 points to 1044.66 points. In the afternoon opening, the trend of warehouse receipts was stable, with little change, and closed up slightly in the late afternoon. Finally, LLDPE warehouse receipts closed at 1044.52 points, up 0.42 points or 0.04% from the previous trading day. The K-line of the index closed at the short negative line, and the moving average system gradually converged. An expert from Beijing sanitation monitoring station said that the MACD index was double-line up, the red column increased slightly, the high level of KDJ index stabilized, the opening of BOL line did not change much, and China's household appliance industry realized the horizontal translation of the transformation and upgrading grid line. Today's trading volume was good, with 106 batches of trading volume and 325 batches of ordering volume

the main variety ll0911 opened slightly higher, and the market oscillated in a narrow range, with ups and downs alternating many times. In the afternoon, there were not many transactions on the market, and the market closed up slightly in the late afternoon. By the end of trading, ll0911 closed at 10248 yuan/ton, up 2 yuan/ton, and the daily K line closed at the crosshairs

IV. future forecast

in terms of spot goods, crude oil reached a new high, ethylene prices rose and fell, petrochemical manufacturers were listed at high prices, market prices were blocked, and both long and short sides were deadlocked. In the later stage, the market should continue to operate at the current level, or be dominated by high-level wide range shocks. In terms of warehouse receipts, LLDPE warehouse receipts rose and fell today, with great upward resistance. In the afternoon, the market did not change much, and a horizontal straight line was drawn to the end of the market. It is expected that the market will be slightly consolidated in the later period

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI