The hottest September 16, 2009, China Plastics war

2022-10-23
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On September 16, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 2.87 points to 955.64 points, and China Plastics warehouse receipt index fell 3.75 points to 906.74 points

I. upstream review

on Tuesday (September 15), the settlement price of West Texas light oil futures in October on the New York Mercantile Exchange was $70.93 a barrel, up $2.07 from the previous trading day, with a trading range of 68 19 dollars; The settlement price of October Brent crude oil futures on the London Intercontinental Exchange was $67.35 a barrel, down $0.09 from the previous trading day, with a trading range of 66 93 dollars

Asian ethylene closed on Tuesday in USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia (down $15/ton). European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 29 75 cents/pound, the trend is stable

II. Fundamental news

① spot market:

oil prices rose sharply, but futures fell, and the overall atmosphere of the PE market was still relatively light. Businesses are confused, pessimistic about future market expectations, the quotation has declined, and there is room for negotiation for the actual transaction. The prices of some brands were slightly higher due to the shortage of goods, but the downstream factories were cautious in taking orders, and the overall cost was still not large. Yuyao plastic city's latest quotation, LDPE reported 10650- but the instrument normally displays) 11600 yuan/ton, LLDPE reported yuan/ton, HDPE drawing single station, double station, 3 station and 4 station are displayed respectively; Synchronous rapid experiment; Automatic reset; Automatic judgment of qualified and unqualified; Multi window display of experimental data; Temperature control display; The alarm prompts that the silk material is reported as 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 only 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

ll0910

10000

9990

9973

17

64

ll0911

10000

.10123

10113

62

144

this not only brings convenience to mold manufacturing

today's opening, LLDPE warehouse orders jumped sharply and opened low, and the market fell rapidly, Supported by the buyer at 1017.30, the index began to rebound. Since then, the trend of warehouse receipts has been stable, and the horizontal oscillation has extended. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index fell 8.14 points to 1028.80 points. In the afternoon opening, the trading volume was sporadic, and the market trend drew a horizontal straight line. In the late afternoon, the market closed down in the middle. The final LLDPE warehouse receipt closed at 1029.09, down 7.85 points or 0.76% from the previous trading day. The K-line of the index closed at the short positive line, forming a downward jump from yesterday. The MACD index fell on both lines, the green column increased, the KDJ index hovered at a low level, the opening of the BOL line changed little, and the price line fell sharply. Today's trading volume was good, with 82 batches of trading volume and 213 batches of ordering volume

the main variety ll0911 opened low and went low. After the market bottomed out, it rebounded, mainly through horizontal adjustment. The intraday quotation fluctuated sharply, with frequent upward/downward sawing, and closed down in the middle of the late session. By the end of trading, ll0911 closed at 10123 yuan/ton, down 70 yuan/ton. The daily K line was positive, and the upper shadow line was long

IV. future forecast

in terms of spot goods, the listed price of petrochemical manufacturers is generally unchanged, and the market price fluctuates slightly, with horizontal consolidation. The future market may still be low-level oscillation and continue to bottom. In terms of warehouse receipts, LLDPE warehouse receipts bottomed out and rebounded today. Since then, the market has developed steadily and the trend has not changed much. It is expected that the market will stop falling and stabilize in the later period

brings confidence to extruder enterprises

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