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A brief comment on the market of China Plastics wa

2022-10-13

Detail

On April 2, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 25.32 points to 956.02 points, and China Plastics warehouse receipt index rose 24.40 points to 910.8 points

I. upstream review

at the close of Wednesday, West Texas light oil may futures on the New York Mercantile Exchange was $48.39 a barrel, down $1.27 from the previous trading day, with a trading range of 47 $96; May Brent crude oil futures on the London Intercontinental Exchange were $48.44 a barrel, down $0.79 from the previous trading day, with a trading range of 47 Seven dollars

on Wednesday, Asia ethylene closed at USD/ton CFR Northeast Asia (down 5 dollars/ton, which is a simple method) and USD/ton CFR Southeast Asia (down 5 dollars/ton). European ethylene closed in euro/ton FD northwest Europe and USD/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 24 505 cents/pound

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Northwest Europe FD

with the economic recovery, euro/ton

Saudi Arabia 21hs

1115

dollar/ton

Houston Fas

USD/ton

Saudi Exxon 1002kw

1107

USD/ton

Far East CFR

USD/ton

Kuwait 7050

1105

USD/ton

FOB in the Middle East

USD/ton

Formosa Plastics 3224

1098

USD/ton

time: February 24, 2009

data source: China Plastics information ()

② Petrochemical dynamics:

Jilin Petrochemical LLDPE unit production 7042. The inventory level is average. Guangzhou Petrochemical LLDPE plant produces 7042 and 2001. The ex factory price of 7042/2001 increased by 150 to 9350 yuan/ton. The inventory is average, and now it is sold at a fixed price. The production of Maoming Petrochemical PE plant has a high-density production of 5502. Mao CPLD has a major feature when it is used. Petrochemical PE inventory is general, and now it is sold at a fixed price. Yangzi Petrochemical LLDPE unit produces 7042 and plans to switch to 1802 tomorrow. Petrochemical inventory is general, and now it is sold at a fixed price. Daqing Petrochemical LLDPE produces 7047

③ spot market:

pe market continues to rise sharply and remains strong. Sinopec and PetroChina jointly raised prices, the hype atmosphere heated up, and the market price rose yuan/ton. Traders' confidence has increased greatly and continue to coax high prices. However, the continuous rise, the downstream factory's receiving capacity is limited, and the high-level transaction is trapped. Some businesses are optimistic about the future market and are closed for rise. The mainstream price of LLDPE Market: yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll0904

9500

9470

9493 ↑

8 ↓

ll0905

9600

9311

9492 ↑

30 ↑

115

ll0906

9575

9200

9309 ↓

45 ↑

ll0907

8900

8980

9108 ↓

5 ↑

quotation unit: yuan/ton

data source: China Plastics information ()

at the opening of trading today, LLDPE warehouse receipts opened higher and went higher. The early market hit a high and fell back, with a shock downward, reversing most of the increase. At 11:30 a.m., the trading ended, and the index closed at 955.04 points, up 1.31 points in the mid session. In the afternoon opening, warehouse receipts continued to decline slightly, and the trend stabilized in the late trading. The final LLDPE warehouse receipt closed at 954.01, up 0.28 points from the previous trading day. On the index day, the K-line closed lower, the KDJ index adjusted downward, the opening of the BOL line changed little, the price line rose slightly, and the moving average system showed a long arrangement. Today's trading is OK, and the trading volume and order volume have increased to a certain extent

the main variety ll0906 opened up, and since then the market has fluctuated significantly. On the whole, the quotation has fallen back. Opening in the afternoon, the market traded infrequently and changed little. By the end of the session, ll0905 closed at 9200 yuan/ton, down 119 yuan/ton, and the daily K line closed at a long negative line.

IV. future market forecast

high international oil prices were consolidated, and the two major petrochemical groups continued to push up the market, improving the confidence of businesses. The tight supply of goods in the market has not been effectively alleviated, and businesses are optimistic about the future market and are reluctant to sell, which intensifies the market with price but no market, and downstream manufacturers continue to wait and see. It is expected that there is still room for the LLDPE warehouse receipt market to rise in the later period

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