Hottest June 29, 2009 China Plastics warehouse rec

On June 29, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 1.16 points to 946.78 points, and China Plastics warehouse receipt index fell 1.93 points to 905.95 points

I. upstream review

on Friday (June 26), the settlement price of West Texas light oil futures in August on the New York Mercantile Exchange was $69.16 a barrel, down $1.07 from the previous trading day, with a trading range of 68 29 dollars; The August futures settlement price of Brent crude oil on the London Intercontinental Exchange was $68.92 a barrel, down $0.86 from the previous trading day, with a trading range of 68 81 dollars

on Friday, Asian ethylene closed at USD/ton CFR Northeast Asia, up $9/ton, USD/ton CFR Southeast Asia, up $14/ton. European ethylene closed at euro/ton FD northwest Europe (flat) and USD/ton CIF northwest Europe (up $20). Us ethylene closed at 25 625 cents/pound, down 0.13 cents

II. Fundamental news

① spot market:

pe market is stable, and the price is stable. Compared with last Friday, the trading atmosphere in the market today is obviously light, and the buyer's wait-and-see mentality is more obvious. Although there are still many sources of goods in the hands of traders, mainly active shipments, the downstream response is cold, and the transaction continues to be deadlocked. The traditional peak season of July and August is coming, and merchants and downstream manufacturers are waiting for market opportunities

the PE market price in Yuyao has stabilized slightly, which should be used according to different environments. There are few inquiries, and most traders are mainly on the sidelines, and the transaction situation is still poor. Daqing 5000S reported 11300 yuan/ton. Qilu Petrochemical 6098 reported 11500 yuan/ton, down 100 yuan

② dynamics of China Plastics spot Mall:

the listing price of China Plastics spot Mall () LLDPE fell mainly in the afternoon today, with a decline of yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0907

9730

9600

9665 ↓

2

85

ll0908

9750

9750

9755 ↓

20

45

ll0909

9980

9860

9883 ↑

11

16

ll0910

9900

9900

99 to avoid shaking and damaging relevant parts 00 ↑

1

8

quotation unit

yuan/ton

batch

data source: China plastics should ensure that there is no impact and no power loss information in the process of switching ()

shortly after the opening today, LLDPE warehouse orders suddenly rose sharply, and then fell back. At 11:30 a.m., the trading ended, and the index closed at 1005.28, up 0.45 points. In the afternoon opening, the market continued to decline slowly, falling below yesterday's settlement price, and closed down slightly in the late afternoon. The final LLDPE warehouse receipt closed at 1004.66 points, down 0.18 points or 0.02% from the previous trading day. The K-line of the index closed at the long negative line and stood on each moving average. MACD index fell on both lines and the green column shortened. KDJ indicators deviate from the trend and want to cross. The opening of BOL line is slightly narrowed, and the price line is supported by the middle rail. Today's trading volume was poor, with 34 batches of trading volume and 154 batches of ordering volume

the main variety ll0908 opened low and went high. The market oscillated sharply in the early stage, and the quotation trend drew a shape like a double tower. After entering a slightly volatile situation, until the end of the session, the end of the session fell slightly. Finally, ll0908 closed at 9750 yuan/ton, down 16 yuan/ton, and the daily K line closed at the cross star line

IV. future forecast

in terms of spot goods, the recent Sinopec settlement has exposed the bottom of the PE market. Although traders' active bottom hunting does not mean that any one measure will improve the future market demand, it is very obvious to follow the bullish mentality of crude oil. In terms of warehouse receipts, today's warehouse receipts and Liansu market have been adjusted in a narrow range, and the volume can shrink. Investors are confused about their future expectations, and they hold a wait-and-see attitude towards short-term operations

it is expected that the LLDPE warehouse receipt market will be consolidated in the later period

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