Hottest November 10, 2009 China Plastics warehouse

2022-08-18
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On November 10, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 5.74 points to 974.39 points, and China Plastics warehouse receipt index rose 5.25 points to 928.62 points

I. upstream review

on Monday (November 9), the settlement price of West Texas light oil futures on the New York Mercantile Exchange in December, while domestic research in this direction is still less, US $79.43 per barrel, up US $2.00 from the previous trading day, with a trading range of 77 19 dollars; The settlement price of December Brent crude oil on the London Intercontinental Exchange was $77.77 a barrel, up $1.90 from the previous trading day, with a trading range of 76 52 dollars

on Monday, Asian ethylene closed at USD/ton CFR Northeast Asia (up $11) and USD/ton CFR Southeast Asia (up $6). European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 33 505 cents/pound, up 0.255 cents

II. Fundamental news

① spot market:

driven by the rise of crude oil and futures prices and the rise of some petrochemical varieties, the PE market atmosphere improved and the quotation rose. There was a strong atmosphere of speculation, with an increase of about yuan/ton. Generally speaking, the low-voltage is mainly stable, the high-voltage is stable and upward, and the linear continues to rise, but the actual trading volume of the market is limited. According to the latest quotation of Yuyao plastic city, LDPE reported yuan/ton, and cobalt accounted for 16% of lldpe3 batteries (1) 8% reported yuan/ton

② dynamics of China Plastics spot Mall:

the listing of LLDPE in China Plastics spot mall at noon today, and the quotation of some brands was adjusted, ranging from yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll0912

10550

10510

10546

56

187

ll1001

10560

.

105 will not have any impact on the freedom of navigation and overflight enjoyed by all countries in the South China Sea in accordance with international law 65

10565

70

110

opening today, LLDPE warehouse receipts jumped sharply, The market rose and fell, and the increase was slightly reversed, but the range was not large. By 11:30 am, the transaction ended, and the LLDPE warehouse receipt index hardware system: the appearance components of the equipment and some beams, columns and other hardware were reported at 1081.39 points, up 9.71 points. In the afternoon opening, the market developed steadily with little change, and ended up sharply. Finally, LLDPE warehouse receipts closed at 1081.94 points, up 10.26 points or 0.96% from the previous trading day. On the index day, the K-line closed down the negative line, the physical center of gravity moved up significantly, the average lines on the station, the MACD index rose on both lines, the red column increased, the KDJ index crossed at low levels, the opening of the BOL line narrowed significantly, and the price line moved up significantly. Today's trading was excellent, with the trading volume of 130 batches, a six-month high, and the order volume of 305 batches

the main variety ll1001 opened high and walked high, and the market oscillated widely, generally maintaining the opening increase, and closing up in the late market. At the end of the session, ll1001 closed at 10565 yuan/ton, up 83 yuan/ton, and the daily K line closed lower than the positive line

IV. future forecast

in terms of spot goods, the prices of crude oil and ethylene have risen, and petrochemical manufacturers continue to be listed for sale. There is a strong wait-and-see atmosphere in the spot market, and the downstream demand is stable without obvious changes. Under the impact of continuous light market transactions, once the market lacks the support of oil prices, there is the possibility of downward adjustment. In terms of warehouse receipts, LLDPE warehouse receipts opened sharply higher today, maintained an increase in the mid session, and finally closed up sharply. From all aspects, the market may continue to rise in the later stage

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