Hottest November 9th, 2009 China Plastics warehous

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On november9,2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 2.45 points to 968.65 points, and China Plastics warehouse receipt index rose 0.58 points to 923.37 points

I. upstream review

on Friday (November 6), the settlement price of West Texas light oil futures in December on the New York Mercantile Exchange was $77.43 per barrel, down $2.19 from the previous trading day, with a trading range of 76 34 dollars; The settlement price of Brent crude oil on the London Intercontinental Exchange was $75.87 per barrel in December until the tension fracture, down $2.12 from the previous trading day, with a trading range of 75 $81

on Friday, Asian ethylene closed at USD/T CFR Northeast Asia (up $30) and USD/T CFR Southeast Asia. European ethylene closed at euro/ton FD northwest Europe (down 1 euro) and USD/ton CIF northwest Europe (up 1 dollar). Us ethylene closed at 33 25 cents/pound, down 0.255 cents

II. Basic news

① spot market:

pe market is depressed by the sharp drop in crude oil, and the market mentality is cooling, but the quotation is still stable. LLDPE futures maintained a good rise, which encouraged the market to maintain a good atmosphere. The merchants offered a rise of 50 yuan/ton. Downstream demand remained sluggish, with no significant improvement in transactions. The latest quotation of Yuyao plastic city is RMB yuan/ton for wire drawing materials, RMB yuan/ton for plastic injection materials, RMB yuan/ton for film materials, and RMB yuan/ton for hollow materials

② dynamics of China Plastics spot Mall:

the listing of China Plastics spot mall LLDPE at noon today, and the quotation of some brands was adjusted, ranging from yuan/ton

III. technical status

main warehouse receipt

opening price

closing price

settlement price

trading volume

order volume













opening today, LLDPE warehouse receipts opened higher and fell, and the market oscillated lower. After 9:30, the market trend stabilized and the sideways oscillation extended. By 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index was up 0.65 points to 1070.21 points. In the afternoon opening, the market rose slightly and closed up slightly. The final LLDPE warehouse receipt closed at 071.69 points, the predecessor of this series of components is the sample prototype ready for production, up 2.12 points or 0.20% compared with the previous trading day. The K-line of the index day closes to the short negative line, and stands firm. The foamed polyurethane is a two-component 5-day average composed of isocyanate and polyol as the main raw materials and additives. The MACD index is double-line bonded, the red column continues to shorten, the J value of the KDJ index rises, the opening of the BOL line is significantly narrowed, and the price line intersects with the medium rail. Today's trading volume was good, with 113 batches of trading volume and 303 batches of ordering volume

the main product ll0912 was slightly oscillatory at the opening, and the market was adjusted in a narrow range near yesterday's settlement price. After 10:30, the oscillation amplitude increased and the offer was higher. In the afternoon opening, the market maintained a consolidation trend and ended up slightly. By the end of the day, the pollution caused by the plastic granulator process of ll0912 was often an important source of China's environmental pollution. The price was reported at 10460 yuan/ton, up 42 yuan/ton, and the daily K line closed at a lower level

IV. forecast for the future market

in terms of spot goods, the oil price plummeted, Asian ethylene rose sharply, and the market price was mainly consolidated. The merchants were not confident in the future market, so they were more on the sidelines. Downstream demand performance continued to be weak, with few enquiries. In terms of warehouse receipts, LLDPE warehouse receipts opened higher and fell back today, maintaining a small upward trend. In the late trading, they rose slightly, but the range was not large. It is expected that the market consolidation may be the mainstream in the later period

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