The hottest September 23, 2009, China Plastics war

On September 23, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 1.60 points to 937.47 points, and China Plastics warehouse receipt index fell 1.49 points to 882.91 points

I. upstream review

on Tuesday (September 22), the settlement price of West Texas light oil futures in October on the New York Mercantile Exchange was $71.55 a barrel, up $1.84 from the previous trading day, with a trading range of 69 $85; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $70.53 a barrel, up $1.84 from the previous trading day, with a trading range of 68 75 dollars

Asian ethylene closed at USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia on Tuesday, closing flat with the previous trading day. European ethylene closed and set the upper and lower limit temperature (20 (4) 5 ° C) to offer euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 31 875 cents/pound, up 0.35 cents

II. Fundamental news

① spot market:

pe market was boosted by the rebound in oil prices, and the decline slowed down. Merchants' mentality is unstable, and their enthusiasm for stocking before the holiday is not high. PetroChina East China unexpectedly cut prices sharply, and the originally improved situation fell into a downturn again. At present, the downstream demand is weak, and buyers mostly take a wait-and-see attitude, and the transaction continues to be weak. The latest quotation of Yuyao plastic city is RMB/ton for LDPE, RMB/ton for LLDPE and RMB/ton for HDPE wire drawing material

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

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll092017 11

9920

9975

9922

58

182

ll0912

9940

9950

9919

20

36

today's opening, LLDPE warehouse receipts opened slightly higher, and the early market continued to rise, rising and falling. Then the index was lowered to 1013 points, and the horizontal oscillation of the first line was extended, with a small amplitude. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 3.31 points to 1013.51 points. Opening in the afternoon, the trend of warehouse receipts was stable, and closed up slightly in the late afternoon. Finally, the LLDPE warehouse receipt closed at 1013.92 points, up 3.72 points or 0.37% compared with the previous trading day, when green, low-carbon and environmental protection became the development trend of the industry. The K-line of the index closed at the cross star line and continued to run below the average. The MACD index fell on both lines, the green column shortened, and the KDJ index hovered at a low level. It operated in the oversold area. The opening of the BOL line was slightly enlarged, and the price line was broken back to the middle track. Today's trading volume is acceptable, with 82 batches of trading volume and 236 batches of ordering volume

the main variety ll0911 opened high and walked high, and the market oscillated widely. The selling price suppressed the market for several times, but failed. The quotation always operated above yesterday's settlement price, and ended up sharply. At the end of the day, ll0911 closed at 9975 yuan, and the metal fatigue limit was generally calculated according to the - curve drawn by the fatigue test results of more than 10 identical samples, or by the rise and fall method, with an increase of 98 yuan/ton, and the daily K line closed at the short positive line

IV. future forecast

in terms of spot oil, the trend of crude oil is repeated, the price of ethylene stops falling, the manufacturer's listing price is reduced, and the market quotation continues to decline. In the later stage, the price may maintain a narrow consolidation situation with the rise and fall of oil prices. In terms of warehouse receipts, LLDPE warehouse receipts rose and fell today, and the trend gradually stabilized. There were few transactions in the afternoon, and the market did not change much. It is expected that the market will continue to consolidate slightly in the later period

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