Hottest October 10, 2009 China Plastics warehouse

On October 10, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 3.21 points to 944.35 points, and China Plastics warehouse receipt index rose 3.24 points to 905 at present 32 o'clock

I. upstream review

on Friday (October 9), the settlement price of West Texas light oil futures in November on the New York Mercantile Exchange was $71.77 a barrel, up $0.08 from the previous trading day, with a trading range of 70 35 dollars; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $70 a barrel, up $0.23 from the previous trading day, with a trading range of 68 46 dollars

Asian ethylene closed on Friday in USD/ton CFR Northeast Asia (down $20/ton) and USD/ton CFR Southeast Asia (down $90/ton). European ethylene closed at euro/ton FD northwest Europe and USD/ton CIF northwest Europe (down $35/ton). Us ethylene closed at 25 13 cents/pound, up 0.38 cents

II. Fundamental news

① spot market:

pe market atmosphere is acceptable, and merchants' quotations generally rise. Petrochemicals rose comprehensively in the morning, and the price was close to the market price, causing a certain pressure on demand. Traders have doubts about the future market, dare not blindly enter the market to purchase, and have an obvious wait-and-see mentality. The latest quotation of Yuyao plastic city, LDPE reported yuan/ton, LLDPE reported yuan/ton, HDPE wire drawing material reported about 10000 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 a few brands made upward adjustments, with increases ranging from yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll0911

9900

10140

9992

44

167

ll0912

9880

10050

9916

43

93

opening today, LLDPE warehouse receipts opened slightly higher, and the market rose rapidly after a small decline. Since then, the warehouse receipts rose step by step, and the index rose. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 5.85 points to 1017.72 points. In the afternoon opening, the trend of warehouse receipts was stable, with little change, and closed up in the middle of the late trading. The final LLDPE warehouse receipt closed at 1018.13 points, up 6.261 points from the previous trading day. The investment in the phase I project was about 1billion yuan, up 0.62%. The K-line of the index closed at the short positive line, the moving average system continued to narrow, the MACD index crossed double lines, the green column turned red, the KDJ index rose sharply, the opening of the BOL line narrowed slightly, and the price line moved up slightly. Today's trading volume is acceptable, with 88 batches of trading volume and 277 batches of ordering volume

the main variety ll0911 opened slightly higher, and the early market rose slowly, and the desire to rise was weak. After 10:50, the quotation suddenly fluctuated sharply, the market oscillated in a wide range, and ended up sharply. By the end of the session, ll0911 international market closed at 10140 yuan/ton, up 243 yuan/ton, and the daily K line closed at the Long Yang line

IV. future forecast

in terms of spot goods, oil prices remained stable, ethylene fell sharply, manufacturers raised their listing prices, and merchants' offers rose steadily. In the later stage, it is more likely to continue to rise in the case of tight supply. In terms of warehouse receipts, LLDPE warehouse receipts continued to rise after a small adjustment at the opening today, with a considerable rise. It is expected that there is a greater possibility of a small market consolidation in the later period

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