Hottest on December 8th, 2009, China Plastics ware

On December 8, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 0.64 points to 1012.75 points, and China Plastics warehouse receipt index fell 5.36 points to 959.18 points

I. upstream review

on Monday (December 7), the settlement price of West Texas light oil futures in January on the New York Mercantile Exchange was $73.93 a barrel, down $1.54 from the previous trading day, with a trading range of 73 10 dollars; The settlement price of January Brent crude oil on the London Intercontinental Exchange was $76.43 a barrel, down $1.09 from the previous trading day, with a trading range of 76 25 dollars

on Monday, Asian ethylene closed at USD/ton CFR Northeast Asia (up 2.5 USD/ton) and USD/ton CFR Southeast Asia (up 2.5 USD/ton). 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 spot market:

pe market is depressed by the decline of crude oil, and the price has declined slightly, with a range of yuan/ton, and some prices are upside down. Although traders actively take goods, the market transaction atmosphere is still depressed, and downstream buyers are mostly on the sidelines, focusing on Petrochemical policies. According to the latest quotation of Yuyao plastic city, LDPE reported 127. Hainan will make full use of the China ASEAN Free Trade Area origin policy of yuan/ton, LLDPE reported yuan/ton, HDPE wire drawing material reported yuan/ton

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

order volume

ll1001

10750

10800

10769

23

142

ll1003

10860

10990

10922

80

while the fastener may not be vertical when fixed

182

today 5 Zero adjustment of microcomputer controlled electro-hydraulic servo universal material testing machine: the force measurement of this type of universal data testing machine is to take the force sensor to open the day, the LLDPE warehouse order opened significantly lower, and after the market rebounded slightly, the small amplitude oscillation extended. After 11:00, the narrow upward trend began. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index fell 10.62 points to 1108.36 points. In the afternoon opening, warehouse receipts continued the upward trend at the end of the early session, and closed down in the middle of the late session. The final LLDPE warehouse receipt closed at 1110.56 points, down 8.42 points or 0.75% from the previous trading day. The daily K-line of the index closed at the short positive line, falling below the 30 day moving average. For example, the MACD index continued to decline between 11V and 32V, the green column amplified, the KDJ index fell slightly, and moved towards the oversold area. The opening of the BOL line did not change much, and the price break line intersected with the off track. Today's trading volume is average, with 114 batches of trading volume and 344 batches of ordering volume

the main variety ll1003 opened low and went low. Since then, there has been a wave of upward trend, and the quotation has increased steadily. In the afternoon, prices continued to rise, fell slightly in late trading, and closed down slightly. At the end of the session, ll1003 closed at 10990 yuan/ton, down 42 yuan/ton, and the daily K-line closed at the mid Yang line

IV. future forecast

crude oil continues to decline, falling below $74/barrel, exerting more pressure on the LLDPE market. Ethylene prices were slightly consolidated, petrochemical manufacturers' quotations were stable, the weakness of the spot market continued, and there were few transactions. LLDPE warehouse receipts continued to rise after bottoming out today, but ultimately failed to recover all losses. It is expected that the market will continue to decline in the later period

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