The hottest November 16th, 2009 China Plastics war

On November 16, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index rose 10.33 points to 1004.68 points, and China Plastics warehouse receipt index rose 15.89 points to 975.38 points

and the embedded layer made of tepex Dynalite 104-rg601 is used as the surface layer. I. upstream review

the settlement price of crude oil futures on the New York Mercantile Exchange (NYMEX) was close to a one month low on Friday. Although the dollar weakened, signs of deterioration in U.S. demand led investors to stop buying crude oil futures. The settlement price of December light and low sulfur crude oil futures on the New York Mercantile Exchange fell 59 cents, or 0.8%, to $76.35 a barrel, the lowest settlement price since October 14. London Intercontinental Exchange (ice) December Brent crude oil futures contract closed down 47 cents to $75.55 a barrel, down 0.6%

II. Fundamental news

① spot market:

today's PP market quotation is significantly higher, and the overall mentality is optimistic. The high price quotation of wire drawing exceeded 10000 yuan/ton, but the transaction was poor. The supply of North China/East China copolymerization is still relatively small, and the merchants cherish the goods. The mainstream quotation is 11000 yuan/ton, and the transaction price is more than one. Some businesses are closed and wait-and-see, and the downstream demand is average

② dynamics of China Plastics spot Mall:

the listing of PP in China Plastics spot mall at noon today. The quotation of some brands provided guarantee for improving product quality, with an increase of between yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

pp0912

10200

10150

10172

239

1286

pp1001

10260

10251 brand awareness further increased

10297

1690

2074

today's opening, PP warehouse orders opened higher and went higher, After the high level peaked in the early stage, it fell slightly and began to vibrate laterally. By 11:30 a.m., the transaction ended, and the PP warehouse receipt index was reported at 1125.04 points, up 18.5. It is expected that 41030 new aircraft will be needed in the world in the next 20 years by 4 points. In the afternoon opening, the warehouse receipt stabilized, the buyer and the seller faced off at a high level, and the disk leveled horizontally until the end of the day. The final PP warehouse receipt closed at 1124.95 points, up 18.44 points or 1.67% from the previous trading day. The K-line of the index closed at the short positive line, and the physical center of gravity continued to rise. The MACD index showed a long upward trend, and the red column continued to enlarge; KDJ index rises, but the opening tends to shrink; The opening of BOL line is enlarged, and the price line is sharply upward. Today's trading atmosphere was good, with the trading volume of 2257 batches and the order volume of 4084 batches

the main variety pp1001 opened high and went high. The buyer pushed up at the early stage, and then fluctuated slightly in the horizontal range of the middle and front plate after a small decline. After a small decline, it continued to rise again. The middle and rear plate tended to be stable, and the trend of small fluctuation remained until the close. At the end of the session, pp1001 closed at 10251 yuan/ton, up 121 yuan/ton, and the daily K line closed at a short negative line

IV. future forecast

the upward trend of domestic petrochemicals will not decrease, offsetting the adverse impact of a sharp decline in crude oil. In the short term, the domestic petrochemical policy has become the main factor leading the market, and the demand is OK, but the high price transaction obviously encounters some resistance. Follow up market trends should pay close attention to whether Petrochemical continues to raise expectations. It is expected that the China Plastics PP warehouse receipt market will continue to rise in the short term. Note: this 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