A brief comment on the market of China Plastics wa

2022-08-16
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On April 9, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 11.99 points to 959.84 points, and China Plastics warehouse receipt index fell 17.37 points to 884.83 points

I. upstream review

at the close of Wednesday, West Texas light oil may futures on the New York Mercantile Exchange was $49.38 a barrel, up $0.23 from the previous trading day, with a trading range of 47 30 dollars; May Brent crude oil futures on the London Intercontinental Exchange were $51.59 a barrel, up $0.37 from the previous trading day, with a trading range of 49 59 dollars

on Wednesday, Asia ethylene closed at USD/ton CFR Northeast Asia (up $31/ton) and USD/ton CFR Southeast Asia (up $31/ton). European ethylene closed in euro/ton FD northwest Europe and USD/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 24 13 cents/pound, up 0.875 cents

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Far East CFR

dollar/ton

Saudi Arabia 218w

-

dollar/ton

Northwest Europe FD

euro/ton

Saudi Arabia 21hs

1220

USD/ton

Houston Fas

USD/ton

Singapore 1002kw

1225

USD/ton

FOB in the Middle East

USD/ton

Formosa Plastics 3224

1200

USD/ton

time: April 9, 2009

data source: China Plastics information ()

② Petrochemical dynamics:

production of Zhongyuan ethylene linear plant 7050. At present, 7050/9050k is quoted at 9950 yuan/ton, and the inventory level is high. Jilin Petrochemical LLDPE plant produces 7042. The inventory level is average. Yangzi Petrochemical LLDPE plant produces 1802. Petrochemical inventory is general, and now it is sold at a fixed price. Guangzhou Petrochemical LLDPE plant produces 7042 and 2001. The ex factory price of 7042/2001 is 9950 yuan/ton. The inventory is average, and now it is sold at a fixed price. Qilu Petrochemical LLDPE plant produces qllf20 and plans to switch to 7042 tomorrow. Qilu Petrochemical PE inventory is general, and now it is sold at a fixed price

③ spot market:

pe market inquiry is low, and the transaction is not smooth. Although Petrochemical pricing supports the market quotation, most buyers have strong resistance to high prices. All parties have a strong wait-and-see mentality, and some merchants lock profits on shipments, resulting in loose quotations. The mainstream price of LLDPE Market: yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll0904

9350

9250

9393 ↓

7 ↓

19

ll0905

9400

9400

9354 ↓

44 ↑

130

ll0906

9150

9070

9135 ↓

take sticky soft rubber on the surface in contact with the sample 44 ↓

125

ll0907

8900

9002

9067 ↓

12 ↑

32

quotation unit: yuan/ton

data source: China Plastics information ()

this morning, LLDPE warehouse orders continued yesterday's 16. The piston moving speed range: 0 (5) 0mm/min full load stepless speed regulation was in a depressed state, and fell in the opening. Experimental equipment: after feeling the bottom, it rebounded and recovered a small part of the lost ground. 9: After 30, warehouse receipts entered a narrow shock consolidation situation. At 11:30 am, the trading ended, and the index closed at 938.38 points, down 10.01 points in the mid session. In the afternoon opening, the market did not change much and fluctuated in a narrow range until the end of the session. The final LLDPE warehouse receipt closed at 938.93 points, down 9.46 points from the previous trading day. The K-line of the index closed lower than the positive line, falling below the 10 day moving average, the KDJ index fell, the opening of the BOL line narrowed, and the price folded downward. Today's trading was ok, and the trading volume and order volume increased slightly

the main variety ll0906 opened low and rose, and the market fluctuated sharply. 10: After 10, the index gradually fell. Opening in the afternoon, the market traded infrequently and changed little. At the end of the session, ll0906 closed at 9070 yuan/ton, down 184 yuan/ton, and the daily K-line closed lower than the negative line, falling below the 10 day moving average

IV. future forecast

the biggest advantage of the electronic data experimental machine is that it greatly improves the measurement accuracy.

the upstream fluctuates slightly, and petrochemical continues to rise, but the enthusiasm of market speculation has cooled. Some merchants hoard low-cost goods in the early stage. At present, the intention of shipping is increased, and selling goods locks profits. However, in the case of tight supply, it is unlikely that the LLDPE price will fall sharply in the future, and the LLDPE warehouse receipt market may be dominated by the whole market in the later stage

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

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