Hottest September 17, 2009 China Plastics warehous

On September 17, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 0.69 points to 954.95 points, and China Plastics warehouse receipt index rose 0.21 points to 906.95 points

I. upstream review

on Wednesday (September 16), the settlement price of West Texas light oil futures in October on the New York Mercantile Exchange was $72.51 a barrel, up $1.58 from the previous trading day, with a trading range of 70 $56; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $71.67 a barrel, up $1.81 from the previous trading day, with a trading range of 69 $72

on Wednesday, Asia ethylene closed at USD/T CFR Northeast Asia (down 1.5 USD/T) and USD/T CFR Southeast Asia (down 1.5 USD/T). European ethylene closed at euro/ton FD northwest Europe and USD/ton CIF northwest Europe, both flat. Us ethylene closed at 30 255 cents/pound, up 1.38 cents

II. Basic news

① spot market:

oil prices continued to rise, futures rose, and the market atmosphere improved slightly. Some merchants tentatively reported higher prices, but the transaction was still poor due to weak demand. Middlemen/downstream factories were cautious in taking orders, and high price transactions were blocked. In view of the uncertainty of the future market, most businesses are still actively shipping. The latest quotation of Yuyao plastic city is RMB yuan/ton for LDPE, RMB yuan/ton for LLDPE and RMB yuan/ton for HDPE wire drawing materials

② dynamics of China Plastics spot Mall:

at noon today, the listing price of China Plastics spot mall LLDPE was mainly stable, only a few brands were adjusted, with a range of yuan/ton, and some brands fell by 300 yuan/ton

③ inventory dynamics:

in the first half of September 2009, the total inventory in the main domestic PP and PE markets increased slightly, an increase of 1.05% compared with August 31, 2009. Among them, PP inventory increased moderately by 2.18% compared with the end of last month, and PE inventory increased slightly by 0.76% compared with the end of last month. Regionally, the inventory in the South increased slightly, with an increase of 0.94% compared with the end of last month. The inventory in the north also increased slightly, with an increase of 1.32% compared with the end of last month

III. technical conditions

main warehouse receipts start the oil pump to release air

opening price

closing price

settlement price

trading volume

ordering volume

ll0910

10010

100 no range setting requirements 10

10133

25

44

ll0911

10180

10205

10214

53

157

opening today, the LLDPE warehouse orders opened significantly higher, boosted by the rise in oil prices, The market rose to 1037 points, with a sideways consolidation. By 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index was up 9.14 points to 1038.22 points. In the afternoon opening, the market stabilized after a slight rise, with little change. At the end of the day, it closed up sharply. The final LLDPE warehouse receipt closed at 1040.74 points, up 11.65 points or 1.13% compared with the previous trading day. The daily K-line of the index closed at the short positive line, and the physical center of gravity increased significantly compared with yesterday, but it was still under pressure on the 5-day moving average. The downward trend of MACD index slowed down, the green column was significantly shortened, the KDJ index crossed at a low level, and the upward trend continued. The opening of BOL line narrowed slightly, and the price line returned to the medium track. Today's trading volume is acceptable. The trading volume is reported as 82 batches, and the order volume is reported as 208 batches

the main variety ll0911 opened higher and went higher, which hindered the early market rise and fluctuated in a narrow range at 10200 yuan/ton. At around 11:00, the quotation suddenly rose sharply, and then fell again in the late trading, and closed up in the middle. By the end of the day, the closing price of ll0911 was 10205 yuan/ton, up 92 yuan/ton. The daily K line closed short of the positive line and the upper shadow line was long

exit the procedure first IV. future market forecast

in terms of spot goods, the possibility that new production capacity may be put into operation in the near future has cast a shadow on the market. The prices of merchants fluctuate slightly and are adjusted horizontally. In the later stage, it may still be a low-level oscillation and continue to build a bottom. In terms of warehouse receipts, LLDPE warehouse receipts opened higher today, continued to rise after the market adjustment, and ended up sharply in the late trading. It is expected that the market will continue to rise slightly in the later period

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