A brief comment on the market of China Plastics wa

On July 6, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 15.32 points to 979.94 points, and China Plastics warehouse receipt index rose 21.38 points to 955.67 points

I. upstream review

on Friday, the settlement price of August Brent crude oil on the London Intercontinental Exchange was $65.61 per barrel, which could not meet the experimental demand of large and medium-sized prototypes, down $1.04 from the previous trading day, and the trading range was 65 per barrel 13 dollars; The settlement price of diesel futures in July on the London Intercontinental Exchange was $529.25 per ton, down $6.00 from the previous trading day. West Texas light crude oil futures in August on the New York Mercantile Exchange fell to $65.40 a barrel and peaked at $67.17 in global electronic trading

Asian ethylene closed on Friday in USD/ton CFR Northeast Asia (up $45/ton) and USD/ton CFR Southeast Asia (up $65/ton). European ethylene closed at euro/ton FD northwest Europe (down 20 euros) and dollar/ton CIF northwest Europe (up 110 dollars). Us ethylene closed at 24 88 cents/pound, stable

II. Fundamental news

① spot market:

the sharp decline in oil prices and the high volatility of ethylene monomers have not had much adverse impact on the market. Sinopec/PetroChina regions continued to raise prices, and businesses followed the rise and reported higher prices. However, high price transactions are still weak, and downstream demand is generally the main reason, and there is no sign of amplification in trading

Yuyao 1. The PE market, the main content of the forum, rose sharply compared with last Friday morning, but it is mainly high-voltage and linear, and there are few transactions. 7042 Yangzi reported 10200 yuan/ton, up 200 yuan. 7042 Jilin news 2. Main technical parameters of low temperature tank: 10100 yuan/ton, up 100 yuan. 7050 Zhongyuan reported 10200 yuan/ton, up 200 yuan. 1802 Yangzi reported 10200 yuan/ton, which is expected to increase by 200 yuan by 2020

② dynamics of China Plastics spot Mall:

the listing price of China Plastics spot Mall () LLDPE was basically adjusted upward in the afternoon today, with an increase of yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0907

9800

10000

9883 ↑

3

52

ll0908

9980

10160

10085 ↑

24

46

ll0909

9990

10234

10083 ↑

33

55

ll0910

10100

10200

10160 ↑

9

9

p> Bit

yuan/ton

batch

data source: China Plastics information ()

today's opening, LLDPE warehouse receipts opened slightly higher, and after the early market rose, it maintained a small shock consolidation state. Generally speaking, the market has not changed much. At 11:30 am, the trading ended, and the index closed at 1026.33 points, up 9.99 points. In the afternoon opening, the warehouse receipts rose step by step, and the rise was expanded, with a sharp rise in the late trading. The final LLDPE warehouse receipt closed at 1032.22 points, up 15.88 points or 1.56% from the previous trading day. On the index day, the K-line was bareheaded and barefoot, and the physical part was long, forming a sharp jump from the previous trading day. MACD indicators are crossed by two lines, KDJ indicators run in overbought areas, the opening of BOL line is significantly enlarged, and the price line breaks up significantly. Today's trading volume is acceptable, with 69 batches of trading volume and 162 batches of ordering volume

the main variety ll0908 opened slightly upward. After 9:30, the trading volume was small and the market basically remained unchanged. In the afternoon opening, the warehouse receipts rose slowly, and ended up sharply. By the end of trading, ll0908 closed at 10160 yuan/ton, up 255 yuan/ton, and the daily K line closed at the Long Yang line

IV. future forecast

in terms of spot goods, market participants speculation and limited release of petrochemicals have supported the higher market quotation. In addition, merchants' low position operation and reluctance to sell have certain room for rise in the future market. In terms of warehouse receipts, the main warehouse receipts increased by the limit in large quantities, and the market selling was missing, showing a unilateral state. The market order volume increased slightly compared with the early trading

PE may be able to consolidate in the future

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