Hottest June 22, 2009 China Plastics warehouse rec

2022-08-15
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On June 22, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 6.03 points to 950.23 points, and China Plastics warehouse receipt index fell 9.53 points to 908.93 points

I. upstream review

on Friday (June 19), the settlement price of West Texas light oil futures in July on the New York Mercantile Exchange was $69.55 a barrel, down $1.82 from the previous trading day, with a trading range of 68 30 dollars; The August futures settlement price of Brent crude oil on the London Intercontinental Exchange was $69.19 a barrel, down $1.87 from the previous trading day, with a trading range of 68 96 dollars

at the closing of Asian ethylene on Friday, relevant parts should be tightened at $86/ton CFR Northeast Asia (up $10/ton) and $15/ton CFR Southeast Asia (up $15/ton). European ethylene closed at euro/ton FD northwest Europe (up 60 euros) and dollar/ton CIF northwest Europe (flat). American ethylene closed at 25.25 - it is an indispensable part of everyone's life, 25.50 cents/pound, down 0.75 cents

II. Fundamental news

① spot market:

pe market overall 2. Tensile properties of high molecular polymers: stable body, with a slight decline in some cases. Due to the lack of information guidance in the market, businesses mostly wait to see the petrochemical policy, actively ship goods and operate in low positions. Downstream demand is poor, buyers are mainly on the sidelines, and the trading atmosphere is flat. The PE market in Guangzhou is very light today. The mentality of merchants is poor, and the price is slightly down, with a range of about 50 yuan/ton. 7042 Maozai 9600 yuan/ton

② dynamics of China Plastics spot Mall:

the listing price of China Plastics spot Mall () LLDPE was mainly down at noon today, with a decrease of yuan/ton, and individual brands increased by 700 yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0907

9650

9784

9644 ↓

12

91

ll0908

9810

9750

9788 ↓

21

41

ll0909

9800

9835

9815 ↓

11

29

ll0910

9880

9880

9880 ↓

1

2

quotation unit

Yuan/ton

therefore, the functions that the hardware part can achieve are the same batch

data source: China Plastics information ()

today's opening, LLDPE warehouse orders opened significantly lower, and the market has adjusted slightly since then. After 10:00, the trend of the index tended to be stable and failed to recover the previous loss. A horizontal straight line was drawn to the end of the market, and the end of the market fell sharply. The final LLDPE warehouse receipt closed at 1005.99 points, down 15.03 points or 1.47% from the previous trading day. The K-line of the index closed lower than the positive line, falling below the 5-day and 10 day average. The red line of MACD index is shortened, KDJ index turns around and goes down, the opening of BOL line changes little, and the price breaks below the medium track. Today's trading volume was average, with 45 batches of trading volume (up 4 batches) and 163 batches of ordering volume (down 2 batches)

the main variety ll0908 opened low and went low. After a period of consolidation, the market continued to decline, and ended sharply lower in the end. At the end of the session, ll0908 closed at 9750 yuan/ton, down 185 yuan/ton, and the daily K line closed lower

IV. future forecast

in terms of spot goods, oil prices have slightly consolidated, ethylene prices have risen slightly, petrochemical manufacturers' prices are at a high level, and the market offer has weakened. Merchants dare not continue to report low shipments, the off-season market continues, and the transaction is poor

in terms of warehouse receipts, today's warehouse receipts and Liansu fell sharply at the same time, and bull confidence gradually dissipated, maintaining short-term bearish expectations over the weekend

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

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