The hottest September 21st, 2009, China Plastics w

2022-08-26
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On September 21, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 5.52 points to 939.34 points, and China Plastics warehouse receipt index fell 8.01 points to 882.53 points

I. upstream review

on Friday (September 18), the settlement price of West Texas light oil futures in October on the New York Mercantile Exchange was $72.04 a barrel, down $0.43 from the previous trading day, with a trading range of 71 $66; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $71.32 a barrel, down $0.23 from the previous trading day, with a trading range of 70 79 dollars

on Friday, Asian ethylene CFR Northeast Asia closed at US dollars, and CFR Southeast Asia closed at US dollars, falling by US $32 and US $12/ton respectively. European ethylene closed at euro/ton FD northwest 4. Imitate the real sliding scene in the following aspects: Euro (down 7.5 euros) and dollar/ton CIF northwest Europe (down 10 dollars in the booming market). Us ethylene closed at 31 375 cents/pound, up 0.12 cents

II. Fundamental news

① spot market:

pe market atmosphere is cold and the market is not good. Merchants' offer continues to decline, especially in linear and high-voltage, with a decline of more than 100 yuan/ton. Traders' mentality is poor, and some of them have cleared their warehouses and dumped goods, so they are pessimistic about future market expectations. The downstream demand is not high, and the shipment pressure is large. The latest mainstream quotation of Yuyao plastic city is RMB/ton for LDPE, RMB/ton for LLDPE and RMB/ton for HDPE wire drawing materials

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall was mainly stable at noon today, a few brands were adjusted, mainly downward, with a decline ranging from yuan/ton, and individual brands increased by 50 yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order quantity

ll0910

10000

10200

10028

9

25

ll0911

10000

.

9950

9926

54

169

today's opening, LLDPE warehouse receipts opened slightly lower, the market adjusted slightly in the early stage, then continued to decline, and the index gradually fell. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index fell 8.39 points to 1015.50 points. In the afternoon opening, the decline was stable without expansion, and closed down in the middle of the late afternoon. The final LLDPE warehouse receipt closed at 1016.28 points, down 7.61 points or 0.74% from the previous trading day. The K-line of the index closed at the short negative line and continued to run below each moving average. The MACD index was double-line down, the green column increased again, the KDJ index crossed and went down, the opening of the BOL line was slightly enlarged, and the price line was significantly moved down. Today's trading volume is acceptable, with 80 batches of trading volume and 168 batches of ordering volume

the main variety ll0911 opened low and went low, the market oscillated and went low, and the quotation fell slowly. After 11:00, the market rebounded slightly, with a small range, and closed down in the late afternoon. At the end of the session, ll0911 closed at 9950 yuan/ton, down 68 yuan/ton, and the daily K line closed at hammer line

IV. future forecast

in terms of spot goods, crude oil was sideways, and ethylene explosion accounted for 12.35% of China's total non-ferrous metal imports. The market price continued to decline, and the early recovery was only a flash in the pan. Downstream factories are cautious in taking goods to reduce the risks caused by price fluctuations. At present, the downward pressure on the market is still large. In terms of warehouse receipts, LLDPE warehouse receipts opened lower today, and the decline gradually increased, presenting a bear market. It is expected that the market will continue to fall slightly in the later period, but there should be little room for decline

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