Hottest on December 1st, 2009, China Plastics ware

2022-09-28
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On December 1st, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 1.91 points to 1004.43 points, and China Plastics warehouse receipt index rose 5.93 points to 959.16 points

I. upstream review

on Monday, the monthly price of light and low sulfur crude oil delivered in January on the New York Mercantile Exchange recently rose $1.23 to $77.28/barrel, or 1.6%. Brent crude oil rose $1.29, or 1.7%, to $78.47 a barrel on the ice futures exchange

Asian ethylene closed flat last Friday. CFR Northeast Asia reported USD/ton; CFR Southeast Asia quoted us dollars/ton. European ethylene closed flat. FD northwest European quotation euro/ton; CIF northwest European quotation USD/ton

II. Fundamental news

① spot market:

today, petrochemical is mainly listed for sale. Affected by this, PE market transactions are reduced, demand is cold, and some even appear to be upside down. In addition, a batch of imported materials subsequently arrived at the port, which increased the pressure on inventory and limited the space for price rise in the near future

② dynamics of China Plastics spot Mall:

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

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll1001

10900

10950

10881

54

179

ll1003

11050

11130

11069

94 precisely because of this

135

today, the linear warehouse order opened quickly to 1123.63 points, then fell back, and after 10 points, the linear began to rise slowly. LLDPE warehouse receipt index closed at 1122.35, up 5.33 points or 0.48% from the previous trading day. On the index day, the K-line closed the short negative line, and the physical center of gravity was slightly higher than that of the previous trading day, but the KDJ index showed that the opening of the third line reversed upward and narrowed slightly. MACD index green column height increased. Today's trading atmosphere was acceptable, with a small increase in transactions. The trading volume was reported as 161 batches and the order volume was reported as 355 batches

IV. future forecast

make the piston rise by a distance

today, the LLDPE warehouse receipt market has a weak rise, and the rise of international oil prices has a limited impact on it. However, the stock market also rose significantly today. Due to this joint effect, linear warehouse receipts rose symbolically. It is expected that the LLDPE warehouse will be dominated by single consolidation tomorrow

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