Hottest October 20, 2009 China Plastics warehouse

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On October 20, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 4.31 points to 958.35 points, and China Plastics warehouse receipt index rose 4.60 points to 916.20 points

I. upstream review

on Monday (October 19), the settlement price of West Texas light oil futures in November on the New York Mercantile Exchange was $79.61 per barrel, up $1.08 from the previous trading day, with a trading range of 78 $69; The settlement price of December Brent crude oil futures on the London Intercontinental Exchange was $77.77 per barrel, up $0.78 from the previous trading day, with a trading range of 76 $87

on Monday, Asian ethylene closed at USD/T CFR Northeast Asia (up $20/T) and USD/T CFR Southeast Asia (up $30/T). European ethylene closed at euro/ton FD northwest Europe (down 10 euros) and USD/ton CIF northwest Europe (flat). Us ethylene closed at 28 75 cents/pound, up 0.875 cents

II. Fundamental news

① spot market:

pe market continues to rise due to the rise of oil price. As far as the current situation is concerned, the downstream demand is still in a depressed state, and the transaction is difficult. The price hikes of petrochemical enterprises threaten the profit space of traders, which are actively hyped and optimistic about the future market. The latest quotation of Yuyao plastic city, LDPE reported RMB yuan/ton, LLDPE reported RMB yuan/ton, HDPE plastic injection reported 102, silicon Pu elastic layer and silicon Pu reinforcing layer: moderate elastic yuan/ton

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall was mainly stable at noon today, and some brands were adjusted, with both ups and downs, ranging from yuan/ton

III. technical conditions

fatigue resistance)

main warehouse receipts

opening price

closing price

settlement price

trading volume

ordering volume












at the opening today, LLDPE warehouse receipts rose and fell back. After the market reached the top, it fell slightly, but the decline rate was slow. To the mid market, the decline stopped and stabilized, and the horizontal oscillation extended. By 11:30 a.m., the transaction was closed, and the LLDPE warehouse receipt index was at 1054.21 points, up 7.14 points. In the afternoon opening, the market did not change much, and in the late afternoon, the market closed up moderately. The final LLDPE warehouse receipt closed at 1054.02, up 6.94 points or 0.66% compared with the previous trading day. On the index day, the K line closed the cross line, the moving average system continued to converge, the MACD index was double-line up, the red column increased slightly, the KDJ index hovered at a high level, the opening of the BOL line did not change much, the price was broken into lines, but the cost moved up slightly. Today's trading was good. The trading volume was reported as 108 batches and the order volume was reported as 323 batches

the main variety ll0912 opens high and walks high. The market is dominated by horizontal consolidation, and the amplitude is general. In the afternoon opening, the quotation continued to maintain the trend in the early stage and closed up in the late afternoon. By the end of the day, the closing price of ll0911 was 10280 yuan/ton, up 69 yuan/ton, and the daily K line closed at the crosshairs

IV. future forecast

in terms of spot goods, the prices of crude oil and ethylene are rising, petrochemical manufacturers are listed at high prices, and the market prices are stable and upward. However, the downstream demand has not improved for a long time. In the later stage, the market may continue to maintain the current level, mainly high and wide range shocks. In terms of warehouse receipts, the LLDPE warehouse receipts market rose and fell today, and the trend was stable in the afternoon. The change will be shown in the concept car jointly developed with GAC Research Institute. The market is in a dilemma, maintaining a stalemate. It is expected that the market will continue to consolidate slightly in the later period

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