Hottest June 16, 2009 China Plastics warehouse rec

2022-08-08
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On June 16, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 3.82 points to 952.61 points, and China Plastics warehouse receipt index fell 7.11 points to 909.40 points

I. upstream review

on Monday (June 15), the settlement price of West Texas light oil futures in July on the New York Mercantile Exchange was $70.62 a barrel, down $1.42 from the previous trading day, with a trading range of 69 35 dollars; London Intercontinental Exchange Brent crude oil July 5, vibration table (including impact table and collision test table); The settlement price of futures was $69.44 per barrel, down $1.48 from the previous trading day, with a trading range of 68 93 dollars

Asian ethylene closed on Monday in USD/ton CFR Northeast Asia (up $14/ton) and USD/ton CFR Southeast Asia (up $5/ton). European ethylene closed at euro/ton FD northwest Europe (stable) and USD/ton CIF northwest Europe (down $40). Us ethylene closed at 25 cents/pound, closing down 0.25 cents

II. Fundamental news

① spot market:

pe market fell today. Most views believe that the price of crude oil has peaked at this stage, leading to the decline of most derivatives markets. Petrochemical enterprises continue to push up the ex factory price, and in the short term, it is difficult for traders to obtain a large room for decline

the price of PE market in Shantou is slightly loose today, with a range of about 50 yuan/ton. Recently, it must be amplified to reach the required value. The transaction is relatively light. Both buyers and sellers wait and see the trend of oil prices. At present, the ex factory price of petrochemical is too high, and the mentality of traders is poor. 7042/2426h tax free is about 9300 yuan/ton, and 1002kw tax free delivery is 9850 yuan/ton

② dynamics of China Plastics spot Mall:

the listing price of China Plastics spot Mall () LLDPE rose and fell in the afternoon compared with the same period yesterday, with an adjustment range of yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0907

9650

9880

9742 ↓

36 ↑

93

ll0908

9750

9840

9777 ↓

10 ↓

37

ll0909

9800

9900

9852 ↓

13 ↑

24

ll0910

-

-

-

-

quotation Bit

yuan/ton

batch

data source: China Plastics information ()

opening today, LLDPE warehouse receipts opened slightly lower, the early market continued to decline, and was supported by the buyer at 998.50, and the index began to rebound. Since then, the warehouse receipts have risen slowly. At 11:30 a.m., the trading ended, and the index closed at 1002.13 points, down 7.34 points in the mid session. In the afternoon opening, the market developed steadily with little change and failed to recover the early decline. There was a slight upward trend in late trading, with a slight decline. The final LLDPE warehouse receipt closed at 1006.09, down 3.37 points or 0.33% from the previous trading day. The K-line of the index closed lower than the positive line, falling below the 5-day moving average. The KDJ index declined to leave the overbought area. The opening of the BOL line did not change much, and the price fell back to the medium gauge. Today's trading was OK. The trading volume was reported as 59 batches (up 10 batches), and the order volume was reported as 154 batches (down 39 batches)

the main product ll0907 opened down, and if the drive can't work normally, please reinstall the software to shake the situation. In the afternoon opening, the market oscillated higher. In the late afternoon, the buyer made efforts, suddenly turned down to rise, and finally closed up sharply. By the end of trading, ll0907 closed at 9880 yuan/ton, up 111 yuan/ton, and the daily K line closed at the long positive line

In terms of spot oil, crude oil finally returned, the most powerful support in the market disappeared, and businesses began to feel uneasy. The speculation atmosphere in the spot market has weakened, and most traders and downstream manufacturers are on the sidelines, with light enquiries and poor transactions. It is expected that the later market will be dominated by deadlock in the absence of actual transactions

in terms of warehouse receipts, fundamental factors have deteriorated, and there is little possibility of upward rebound. Empty orders can continue to be held. In the short term, the index sees the supporting role of the 30 day moving average

it is expected that the LLDPE warehouse receipt market will be slightly consolidated in the later period

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