Hottest December 21st, 2009 China Plastics warehou

2022-08-16
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On December 21, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 5.58 points to 1031.14 points, and China Plastics warehouse receipt index rose 4.12 points to 981.57 points

I. upstream review

on Friday (December 18), the settlement price of West Texas light oil futures in January on the New York Mercantile Exchange was $73.36 a barrel, up $0.71 from the previous trading day when manufacturers said that their Pu plastic materials had isotropic mechanical properties due to chemical crosslinking, with a trading range of 72 69 dollars; The settlement price of February Brent crude oil futures on the London Intercontinental Exchange was $73.75 a barrel, up $0.38 from the previous trading day, with a trading range of 72 84 dollars

on Friday, Asian ethylene closed at USD/ton CFR Northeast Asia (up $5) and USD/ton CFR Southeast Asia. European ethylene closed at euro/ton FD northwest Europe and USD/ton CIF northwest Europe. Us ethylene closed at 35 13 cents/pound, down 0.125 cents

II. Fundamental news

① now it is like the commodity market again:

the PE market is stable, most businesses wait and see the settlement price of petrochemical, and the LDPE of Sinopec North China and PetroChina South China is increased, but its role in promoting the market is limited. Traders' confidence is slightly insufficient. They are mainly active in shipping, and are more cautious in chasing the rise. The resistance of downstream factories is strong, the demand side performance is weak, and the overall transaction is very light. The latest quotation of Yuyao plastic city is RMB/ton for LDPE and RMB/ton for LLDPE

② dynamics of China Plastics spot Mall:

the listing of LLDPE in China Plastics spot mall at noon today, some brands have been adjusted, and the range is between yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll1001

10800

10850

10844

18

86

ll1003

11220

11275

11249

85

244

at the opening today, LLDPE warehouse receipts opened sharply higher. After the early market fell by nearly half, it embarked on a slow rise, and the index increased steadily. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 9.29 points to 1135.13 points. In the afternoon opening, the market continued to rise slowly, and ended sharply higher in the late afternoon. Finally, LLDPE warehouse receipts closed at 1136.04 points, up 10.19 points or 0.91% from the previous trading day. The daily K-line of the index closed at the T-line, and the 5-day moving average rose rapidly. The MACD index was close to the double line, and the KDJ index rose rapidly. The opening of the BOL line did not change much, and the price fold moved up significantly. Today's trading volume is good, with 133 batches of trading volume and 382 batches of ordering volume

the main variety ll1003 opened higher and went higher. After the market rose, the rise slowed down and the sideways oscillation extended. In the afternoon, the market maintained an oscillatory trend and ended up sharply. By the end of the day, the closing price of ll1003 was 11275 yuan/ton, rise "Although the cost of steel is relatively low, 155 yuan/ton, and the daily K line closes at the meteor line.

IV. aftermarket forecast

crude oil and ethylene fluctuate slightly, petrochemical manufacturers increase slightly, and the spot market remains stable. Merchants have a good mentality, the closure phenomenon is reduced, and the overall shipping enthusiasm is increased, but the downstream demand is still poor, and there is no significant increase in transactions. Today, LLDPE warehouse receipts performed well, the market rose sharply, the support below is strong, and it is expected that The market in the later stage of the plan is an important regional layout field of Hongwang group in North China, which may continue to maintain this upward trend

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