Hottest on September 25th, 2009, China Plastics wa

2022-09-21
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On September 25th, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 5.72 points to 926.39 points, and China Plastics warehouse receipt index fell 8.84 points to 867.40 points

I. upstream review

on Thursday (September 24), the settlement price of West Texas light oil futures in November on the New York Mercantile Exchange was $65.89 a barrel, down $3.08 from the previous trading day, with a trading range of 65 $77; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $64.82 a barrel, down $3.17 from the previous trading day, with a trading range of 64 98 dollars

Asian ethylene closed Thursday in USD/ton CFR Northeast Asia (down $40/ton) and USD/ton CFR Southeast Asia. European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 31 755 cents/pound, flat

II. Fundamental news

① spot market:

oil prices and futures plummeted, and merchants' offers continued to decline. Downstream factories have a slight intention to stock goods, but on the whole, the market is still in a state of price without market. The only positive support for the market is the relatively reduced supply of goods for low-cost clearance. At present, bearish outlook is still the mainstream view of the market. The latest quotation of Yuyao plastic city is RMB/ton for LDPE, RMB/ton for LLDPE and RMB/ton for HDPE wire drawing material

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 were adjusted, with a range of yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order quantity

ll0911

9700

9739

51 resolution is also a factor that manufacturers need to comprehensively consider when designing and producing experimental machines

204 to make the upper and lower jaws out of alignment

ll091 who first certified 2

9800

9680

9748

19

42

open today, LLDPE warehouse receipts fell sharply, the market bottomed out and rebounded, and the backfill part fell. Since then, the market has oscillated sideways, maintaining the early decline. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index fell 6.16 points to 995.87 points. In the afternoon opening, the market stabilized, the horizontal oscillation extended, and there were not many transactions on the market. In the late afternoon, the market closed down in the middle range. The final LLDPE warehouse receipt closed at 995.71 points, down 6.32 points or 0.63% from the previous trading day. The K-line of the index closed at the short positive line, the moving average system was arranged in a short position, the MACD index was double-line down, the green column increased slightly, the KDJ index was low and passivated, the opening of the BOL line was significantly enlarged, and the price broken line moved down significantly. Today's trading was average, and the transaction cost of alloy fuel fell by 32.37%. The volume was reported as 71 batches, and the order volume was reported as 262 batches

the main variety ll0911 opened low and went low, the market oscillated and extended sharply, and the upward/downward development alternate. There is only one batch of transactions in the afternoon, and a horizontal straight line is drawn to the end. At the end of the day, ll0911 closed at 9700 yuan/ton, down 104 yuan/ton, and the daily K line closed at the cross star line

IV. future forecast

in terms of spot goods, crude oil fell sharply, ethylene fell, market prices continued to decline, and the decline expanded. In the later stage, the price may hover around 10000 yuan and be supported. In terms of warehouse receipts, LLDPE warehouse receipts hit the bottom and rebounded today. Since then, the market trend has been stable, with little change, and there is a dilemma. It is expected that the market will maintain a slight consolidation in the later period

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