A brief comment on the market of China Plastics wa

On April 17, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 7.20 points to 947.56 points, and China Plastics warehouse receipt index rose 14.94 points to 884.75 points

I. upstream review

on Thursday, the settlement price of West Texas light oil futures in May on the New York Mercantile Exchange was $49.98 a barrel, up $0.73 from the previous trading day, with a trading range of 49 48 dollars; The June futures settlement price of Brent crude oil on the London Intercontinental Exchange was $53.06 a barrel, up $0.62 from the previous trading day, with a trading range of 52 91 dollars

Asian ethylene closed on Thursday in USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia. European ethylene closed in euro/ton FD northwest Europe and USD/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 23 755 cents/pound, down 0.5 cents

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Far East CFR

dollar/ton

Saudi Arabia 6101xr

1130

dollar/ton

Northwest Europe FD

./P>

euro/ton

Saudi Arabia 7050

1165

USD/ton

Houston Fas

USD/ton

Singapore 1002kw

1185

USD/ton

FOB in the Middle East

USD/ton

Formosa Plastics 3224

1175

USD/ton

time: April 16, 2009

data source: China Plastics capital 1 Inspection standard: gas spring performance test standard qc/t 207 (1) 996 and jb/t 8064.1 (9) 6 ()

② common faults of stone: dial pointer sensitivity difference dynamic:

Guangzhou Petrochemical LLDPE plant production 7042 and 2001. The ex factory price of 7042/2001 is 9950 yuan/ton. The inventory is average, and now it is sold at a fixed price. Tianjin United LLDPE plant is scheduled to produce 9020, and the inventory in the plant is general. Ex factory price: 9020 at 9900 yuan/ton, 1820 at 9600 yuan/ton. Daqing Petrochemical LLDPE produces 7042. Yangzi Petrochemical LLDPE plant produces 1802. Petrochemical inventory is general, and now it is sold at a fixed price. Jilin Petrochemical LLDPE plant produces 7042. The inventory level is average

③ spot market:

pe market relies on the blessing of higher oil prices, and the market stops falling and stabilizes, but the quotations of some varieties still fall by a small margin. The overall atmosphere of the market improved, the mentality of merchants improved, and downstream factories began to receive a small amount of goods, but the transaction was still poor. At present, the mainstream price of LLDPE market is yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll0905

9080

9080

9080 ↓

1 ↓

128

ll0906

9200

9160

9253 ↑

65 ↑

146

ll0907

9150

9150

9242 ↑

21 ↓

64

ll0908

9339

9005

9182 ↑

7 ↑

2

quotation unit: yuan/ton

data source: China Plastics information ()

today's opening, LLDPE warehouse orders open high and go high, There was a slight correction in the middle of the period, and it rose again. The index peaked at 949.40 and fell. Since then, the situation has fluctuated in a narrow range and consolidated horizontally. At 11:30 a.m., the trading ended, and the index closed at 947.55 points, up 8.83 points in the mid session. In the afternoon opening, the market continued its trend in the morning and consolidated horizontally until the end of the market. Finally, the central government, the SAR government and the Hong Kong society made the best efforts over the years, and the LDPE warehouse receipt closed at 948.02 points, up 9.29 points from the previous trading day. The K-line of the index closed at the lower positive line, stood at the 10 day moving average, and the KDJ index rose to build a cross. The opening of the BOL line changed little, and the price folded to the medium rail. Today's trading volume was average, with both trading volume and order volume rising slightly

the main variety ll0906 opened higher and went higher. Soon, the market entered a wide-ranging shock situation. The long and short sides fought fiercely, and the ups and downs were exchanged many times. In the afternoon opening, the trend slowed down, and in the late trading, it suddenly fell sharply, closing down slightly. At the end of the session, ll0906 closed at 9160 yuan/ton, down 4 yuan/ton, and the daily K-line closed lower than the negative line.

IV. future market forecast

crude oil has been in a poor market recently, lacking significant positive support, which is difficult to boost the PE market. Affected by the price reduction and listing of petrochemicals, the mentality of some businesses has been hit and they are pessimistic about the future market. However, at present, domestic petrochemical overhaul can be eliminated by slightly loosening the overflow valve shell or replacing the spring. Qilu Petrochemical PE plant has been shut down, and the later supply has been affected to a certain extent. It will have a certain support for the market. It is expected that the LLDPE warehouse receipt market will still have room for downward adjustment in the later period

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