Hottest October 15, 2009 China Plastics warehouse

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

China Plastics price index rose 1.56 points to 949.82 points, and China Plastics warehouse receipt index rose 3.31 points to 905.64 points

I. upstream review

on Wednesday (October 14), the settlement price of West Texas light oil futures in November on the New York Mercantile Exchange was $75.18 a barrel, up $1.03 from the previous trading day, with a trading range of 74 $53; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $73.1 a barrel, up $0.70 from the previous trading day, with a trading range of 72 45 dollars

on Wednesday, Asia ethylene closed at USD/ton CFR Northeast Asia (up $10/ton) and USD/ton CFR Southeast Asia (down $15/ton). European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 26 375 cents/pound, stable trend

II. Fundamental news

① spot market:

although the price of crude oil futures continues to rise, the PE market mostly maintains a slight downward trend, and the transaction deadlock is difficult to open. Businesses are confused about the future market, have strong anti-interference ability, have large differences of opinion, and have obvious wait-and-see mood. The operating rate of downstream factories is not high, the inquiry of middlemen is general, and the overall trading is light. The latest quotation of Yuyao plastic city is RMB/ton for LDPE, RMB/ton for LLDPE and RMB/ton for HDPE wire drawing material

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall was mainly stable at noon today. Some brands were adjusted, ranging from yuan/ton, and some brands fell by 520 yuan/ton

III. technical status

main warehouse receipts 3 Calibrated friction force: used to calibrate friction force (before leaving the factory, the

opening price

closing price

settlement price

trading volume

order volume













at the opening today, LLDPE warehouse receipts opened slightly higher, and the early market peaked and fell back, reversing some of the gains. After 11:00, the market trend stabilized. It was delivered at 11:30 am Yi ended with the LLDPE warehouse receipt index rising 6.74 points to 1044.14 points. In the afternoon opening, there were few transactions on the market, with little change, and the mid range closed up at the end of the day. The final LLDPE warehouse receipt closed at 1044.10 points, up 6.69 points or 0.65% from the previous delivery. 2. It is easy to close the anti-virus software installed on the computer before the computer tensile machine is online to prevent conflicts with the operating software. On the index day, the K-line closed down at the negative line, the physical center of gravity moved slightly upward, the MACD index continued to rise, the red column increased significantly, the KDJ index consolidated at a high level, the opening of the BOL line resumed an upward trend, and the price broken line moved upward. Today's trading volume was good, with 102 batches of trading volume and 318 batches of ordering volume

the main variety ll0912 opened slightly higher, and the market oscillated and extended. The overall increase remained stable, and the middle of the late trading closed up. By the end of trading, ll0911 closed at 10150 yuan/ton, up 77 yuan/ton, and the daily K line closed at the crosshairs

IV. future forecast

in terms of spot, crude oil continues to rise, ethylene prices remain weak, and the market offer is slightly downward. The later price may continue to run at the current level, and the market will be weak and difficult to change if the transaction fails to keep up. In terms of warehouse receipts, the LLDPE warehouse receipts market rose and fell today, and the anti-skid performance could be further enhanced in the afternoon. The trading volume was limited, with little change, and finally closed up in the middle. It is expected that the market will continue to consolidate slightly at the current price in the later period

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