A brief comment on the market of China Plastics wa

On July 8, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 7.28 points to 980.19 points, and China Plastics warehouse receipt index fell 11.52 points to 953.80 points

I. upstream review

on Tuesday (July 7), the settlement price of West Texas light oil futures in August on the New York Mercantile Exchange was $62.93 a barrel, down $1.12 from the previous trading day, with a trading range of 62 91 dollars; London Intercontinental Exchange Brent crude oil futures in August has better coverage and tightness after packaging. The settlement price is $63.23 per barrel, down $0.82 from the previous trading day, with a trading range of 62 89 dollars

Asian ethylene closed Tuesday at USD/ton CFR Northeast Asia (up $5) and USD/ton CFR Southeast Asia (flat). European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 21 5 cents/pound, up 0.5 cents

II. Fundamental news

① spot market:

crude oil prices continue to decline, ethylene prices in Asia are high, and PetroChina sales companies continue to rise. The PE market is relatively stable, with individual offers declining slightly. Some businesses are unstable and eager to cash out. LLDPE in North China fell significantly, with a decline of yuan/ton, while in South China, it weakened slightly by 50 yuan/ton. Compared with yesterday's better market, today's market inquiry is general, and it is difficult to conclude a deal

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall was mainly stable at noon today, and a few brands were adjusted, with a range of yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0907

9750

9903

9898 ↓

29

18

ll0908

10030

10020

10017 ↓

10

47

ll0909

10120

10060

10080 ↓

parts Structural design and mold gate layout play a decisive role in the appearance quality of products. 26

57

ll0910

10100

10060

10083 ↓

7

9

quotation unit

yuan/ton

batch

at the opening today, LLDPE warehouse orders opened sharply lower, and the early market continued to decline step by step. After 10 o'clock, the trend became flat. At 11:30 am, the trading ended, and the index closed at 1028.10 points, down 13.99 points. In the afternoon opening, the warehouse receipts suddenly rose slightly, but failed to recover the decline in the early trading, and closed sharply in the late trading. The final LLDPE warehouse receipt closed at 1030.39 points, down 11.70 points or 1.12% from the previous trading day. The K-line of the index closed lower than the negative line, and the lower shadow line intersected with the 5-day moving average. The red column of MACD index was shortened, and the KDJ index was going down to build a crossing. The opening of BOL line did not change much, and the price line moved down. Today's trading volume is acceptable, with 72 batches of trading volume and 131 batches of ordering volume

the main variety ll0909 opened low and went low. After the market fluctuated sharply, the trend tended to be flat. In the afternoon, there were few transactions on the market, and the market closed sharply lower in the late afternoon. By the end of the session, we actively implemented the national "made in China 2025" strategy and adhered to the basic policy of innovation driven. Ll0908 closed at 10060 yuan/ton, down 133 yuan/ton, and the daily K line closed lower than the negative line

IV. future forecast

in terms of spot goods, at present, market participants rationally see that the rise is a little too fast, and the market continues to rise with great resistance, which can be seen in the positive shipment lock-in behavior of some businesses. In terms of warehouse receipts, today's warehouse receipts and Liansu market have been adjusted back, and the pressure is gradually reflected, which is afraid of further withdrawal in the short term

it is expected that the LLDPE warehouse receipt market will decline slightly in the later period

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