Hottest June 15, 2009 China Plastics warehouse rec

On June 15, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 2.74 points to 956.43 points, and China Plastics warehouse receipt index fell 10.91 points to 916.51 points

I. upstream review

on Friday (June 12), the settlement price of West Texas light oil futures in July on the New York Mercantile Exchange was $72.04 a barrel, down $0.64 from the previous trading day, with a trading range of 70 $63; The July futures settlement price of Brent crude oil on the London Intercontinental Exchange was $70.92 a barrel, down $0.87 from the previous trading day, with a trading range of 69 $64

on Friday, Asian ethylene closed at USD/ton CFR Northeast Asia (down $2) and USD/ton CFR Southeast Asia (down $4). European ethylene closed at euro/ton FD northwest Europe (up 5 euros after confirming that the equipment has been connected to the power supply line). Us ethylene closed at 27 50 cents/pound, down 0.005 cents from the previous close. It can better test the tensile force, pressure, displacement, stiffness and other strength experiments and analysis of the spring

II. Fundamental news

① spot market:

pe market is affected by the return of crude oil, and the year-end increase of more than 5% shows a weak trend, and the profit space of traders is gradually compressed. The weak downstream demand and the volatile decline of the futures market have a significant impact on the mentality of traders and encounter transaction pressure

the PE market in Hangzhou is mixed, mainly due to the rise in LDPE price and a slight decline in linearity. At present, transactions are still relatively limited, and the market situation is still not stable. At present, 7042 Yangtze is at 10000 yuan/ton

the market quotation of Zhongyuan LLDPE continued to fall, with 7050 tax included at 9620 yuan/ton and 9070 yuan/ton, with few transactions

② dynamics of China Plastics spot Mall:

the listing price of China Plastics spot Mall () LLDPE in the afternoon trading today was mixed compared with the same period last Friday, with an adjustment range of yuan/ton. Saudi Arabia SABIC 118w reported 10000 yuan/ton, Taiwan plastic 3224 reported 10350 yuan/ton, Yangzi Petrochemical dfda-7042 reported 10100 yuan/ton, Shanghai Secco ll0220kj reported 10700 yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0906

-

-

-

-

-

ll0907

9750

9815

9769 ↓

30 ↑

94

ll0908

9850

9815

9839 ↓

11 ↓

35

ll0909

9900

9845

9873 ↓

8 ↓

25

quotation but In the actual use of the median

yuan/ton

batch

data source: China Plastics information ()

today's opening, LLDPE warehouse orders opened significantly lower, the early market continued to decline, and was supported by the buyer at 1007.50, with a slight correction in the trend, and gradually flattened. At 11:30 a.m., the trading ended, and the index closed at 1009.09 points, down 13.36 points in the mid session. In the afternoon opening, the market developed steadily, with little change in the early closing and a sharp decline in the late closing. The final LLDPE warehouse receipt closed at 1009.46, down 12.98 points or 1.27% from the previous trading day. The daily K line of the index closes at the cross star line, intersecting with the 5-day moving average. The red column area of MACD index is reduced, the KDJ index is going down to build a dead fork, the opening of BOL line changes little, and the price line is returning to the middle track. The trading volume was reported to be 49 batches (down 1 batch) and the order volume to be 193 batches (down 3 batches) due to poor trading today

the main variety ll0907 opened low and went low. After the market bottomed out, it rebounded and rose step by step. In the afternoon opening, the quotation fluctuated slightly and closed sharply in the late afternoon. At the end of the session, ll0907 closed at 9815 yuan/ton, down 96 yuan/ton, and the daily K line closed lower than the positive line

IV. it is predicted that the oil price will decrease slightly in the future market, but based on conservative judgment, we believe that there is still some room for the oil price to rise. Except for oil prices, it is meaningless to analyze any fundamental changes at present. The off-season market slowly ends in price, but the transaction is inferior. It is expected that the LLDPE warehouse receipt market may not have much room for growth in the near future

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