Hottest November 30, 2009 China Plastics warehouse

2022-09-21
  • Detail

On November 30, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 3.15 points to 1002.52 points, and China Plastics warehouse receipt index fell 3.39 points to 953.23 points

first, the upstream review ensured the accurate and stable measurement of workpiece samples.

on Friday, the settlement price of NYMEX January crude oil futures closed down $1.91, or 2.5%, to $76.05/barrel. However, the settlement price of January Brent crude oil futures on the ice futures exchange closed up 19 cents, or 0.6%, to $77.18/barrel

Asian ethylene market was closed last Friday. European ethylene closed FD northwest Europe up 9 euros to euro/ton; CIF northwest Europe rose $9 to $per ton. Ethylene markets in the United States are closed. Highly integrated

II. Fundamental news

① spot market:

today's PE market performance is not satisfactory, and the transaction is poor. Fortunately, there was not much supply at the end of the month, and many markets did not cause much impact. However, traders' confidence was obviously insufficient, and their quotations were basically flat, and even some of them were slightly underreported. In addition, PetroChina East China lowered its linear ex warehouse price, which also hit market sentiment to a certain extent

② dynamics of China Plastics spot Mall:

the listing of LLDPE in China Plastics spot mall at noon today, some brands adjusted their quotations, mainly falling, and the range ranged from preventing the hidden dangers of gas and coal dust accumulation of 00 yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll1001

10900

10810

10879

54

189

ll1003

10960

11300

10985

76

127

today's opening, petrochemical ex factory prices rose, international crude oil fell sharply, linear warehouse receipts opened slightly lower, and the market has been difficult to improve since then, The downward trend continued until the close. LLDPE warehouse receipt index closed at 1117.03, down 6.25 points or 0.56% from the previous trading day. The daily K line of the index closed at the shadow short positive line, and the physical position was slightly higher than the 20 day moving average, but the KDJ index showed that the opening of the third line accelerated downward diffusion, and the j line fell rapidly. MACD index fell on both lines and green columns appeared. Today's trading atmosphere was acceptable, with a small increase in turnover. The trading volume was reported as 15, the market was prosperous, and the order volume was reported as 362

IV. future forecast

the international oil price has plummeted continuously, the upstream quotation has become slightly loose, and the spot market has a strong sense of decline. Affected by this, the PE warehouse receipt market is also unable to escape the fate of negative decline, and the continuous negative decline trend may trigger a new round of downward trend. It is expected that the short-term PE warehouse receipt market will be difficult to improve

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI