A brief comment on the market of China Plastics wa

On June 4, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 1.34 points to 935.32 points, and China Plastics warehouse receipt index fell 1.27 points to 901.27 points

I. upstream review

on Wednesday (June 3), the settlement price of West Texas light oil futures in July on the New York Mercantile Exchange was $66.12 a barrel, down $2.43 from the previous trading day, with a trading range of 64 $95; The July futures settlement price of Brent crude oil on the London Intercontinental Exchange was $65.88 a barrel, down $2.29 from the previous trading day, with a trading range of 64 65 dollars

on Wednesday, Asia ethylene closed in USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia, with a stable trend. In Europe, the employment mechanism of private enterprises is more eager for quick success and instant benefits. Ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, with a stable trend

II. Fundamental news

① spot market:

pe market is not in good condition. The fall of oil price has accelerated the bearish sentiment in the market. The mainstream price of LLDPE has fallen by yuan/ton, most high and low prices have stabilized, and some are in good condition due to shortage. At present, petrochemical enterprises offer higher prices, which has become the only positive factor in the market, and the transaction decline is likely to intensify

the current price of PE market in Guangzhou is generally stable, with individual brands falling slightly, businesses' bullish mentality has weakened, and demand has fallen into wait-and-see. 7042 Maoming is at rmb9500/ton, and 7042 Daqing is at rmb9500/ton

the price of PE in Shantou market fell slightly, with a range of about yuan. The transaction atmosphere is still light, and the transaction of high price sources is not good. 7042 Maoming tax free at 9050 yuan/ton

② dynamics of China Plastics spot Mall:

the listing price of China Plastics spot Mall () LLDPE remained basically stable compared with the same period yesterday, with an increase of 200 yuan/ton on individual brands. Yangzi Petrochemical 1802 reported 9800 yuan/ton, Jilin Petrochemical 7042 reported 9780 yuan/ton, and Shanghai Secco ll0220kj reported 10200 yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order quantity

ll0906

-

-

-

-

-

ll0907

9300

9365

9338 ↓

32

106

ll0908

9400

9420

9433 test data are uploaded to the municipal food safety monitoring platform in real time ↓

13

18

ll0909

9450

9440

9445 ↓

2

8

quotation unit

replace the damaged one with the spare dry spring relay

yuan/ton

batch

data source: China Plastics information ()

today's opening, LLDPE warehouse receipts opened slightly lower, the early market bottomed back, and the index oscillated higher. At 11:30 am, the trading ended, and the index closed at 964.59 points, down 5.07 points in the mid session. In the afternoon opening, the market rose slowly, failed to recover the decline in the early trading, and closed down slightly in the late trading. The final LLDPE warehouse receipt closed at 965.60 points, down 4.06 points or 0.42% from the previous trading day. The K-line of the index closed lower than the positive line, falling below the 5-day moving average. The KDJ index wanted to build a crossing downward. The opening of the BOL line did not change much, and the price broken line returned to the medium track. Today's trading volume was average, with 47 batches of trading volume and 173 batches of ordering volume, both up 4 batches from the previous trading day

the main variety ll0907 opened low and went low. After the market bottomed out, it rebounded. According to the number of screws, the extruder can be divided into single screw extruder, twin screw extruder and multi screw extruder, which rose step by step. After 10:15, the trend of warehouse receipts stabilized. In the afternoon opening, the transaction was sporadic, and the quotation wanted to become weak, which ended slightly lower in the late afternoon. At the end of the session, ll0907 closed at 9365 yuan/ton, down 27 yuan/ton, and the daily K line closed lower than the positive line

IV. future forecast

demand is the fundamental trend of the market. Even if the price is held high, the weak transaction will still seriously hit the mentality of traders. Yesterday's sharp decline in oil prices exacerbated the bearish atmosphere in the market, and the market fell steadily. Given the current high Petrochemical prices, it is unlikely that the market will suddenly fall. Today, the warehouse receipts and Liansu market are still adjusted, with long and short balance. The short-term direction depends on the trend of crude oil and tends to be downward

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