Summary of China Plastics warehouse receipt LLDPE

2022-08-03
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On May 26, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 1.56 points to 908.93 points, and China Plastics warehouse receipt index rose 7.29 points to 856.87 points

I. upstream review:

on Monday, due to the US Memorial Day holiday, the floor trading of the New York Mercantile Exchange was closed for one day, but the global electronic trading system operated normally. At the same time, Monday was also a rest day for British banks. International oil prices fell moderately in light trading. On Monday, the settlement price of July Brent crude oil futures on the London Intercontinental Exchange was $60.21 a barrel, down $0.57 from the previous trading day, with a trading range of 59 16 dollars

on Monday, Asian ethylene closed at USD/T CFR Northeast Asia (up $8/T) and USD/T CFR Southeast Asia (up $22/T). The European and American ethylene markets were closed on Monday due to the US Memorial Day holiday and the British bank holiday, with no closing price

some customers will know this problem when they 1 inquire about it. 2 Basic news

① external quotation:

international dollar

price

unit

Hong Kong dollar

price

unit

Far East cfr

dollar/ton

Saudi Arabia 218w

1220

dollar/ton

fd

/p>

euro/ton

Saudi FD 21hs

1235

USD/ton

Houston fas

USD/ton

Saudi 1002kw

1226

USD/ton

Middle East fob

USD/ton

Formosa Plastics 3 continuously stretch rubber products with or without cuts at the specified speed 224

-

USD/ton

time: may25,2009 data source: China Plastics information ()

② Petrochemical trends:

Guangzhou Petrochemical LLDPE plant production 7042 and 2001. The new price of 7042/2001 is 9050 yuan/ton. The inventory is average, and now it is sold at a fixed price. PetroChina Huadong lldpe/ldpe has general inventory, and now LLDPE is priced for sale. PetroChina Huadong LLDPE settled the accounts at 9400, 9300, 9250, 9150, 9050 on the 25th and 9050 today. Zhongyuan ethylene linear plant produces 7050. 7050/9088 is listed at 9750 yuan/ton, and the inventory level is high. Tianjin United LLDPE plant produced 9020 today, and it is reported that the production will be scheduled to next month. Listing price: 9750 yuan/ton for 9020/9085 and 9150 yuan/ton for 1820/1875

③ spot market:

pe market is poor and the atmosphere is general. However, the long-standing upside down situation in the market has ended, and the mentality of businesses has improved slightly. PetroChina and Sinopec have successively cancelled the listing and pricing sales, and the sharp drop has suddenly exceeded the market expectations, causing sadness among all parties. The latest quotation in East China LLDPE market is RMB/No

④ dynamics of China Plastics spot Mall:

the listing price of China Plastics spot Mall () LLDPE at noon today was slightly adjusted compared with the same period yesterday, basically the above adjustment, with an increase of between yuan/ton, and individual brands fell by 30 yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0906

9150

9150 ↑

9150 ↑

3 ↓

57

ll0907

9150

9140

9226 ↑

28 ↑

103

ll0908

9255

9151

9202 ↑

8 ↑

13

ll0909

9200

9200 ↑

9200 ↑

1-

4

quotation Unit

yuan/ton

batch

data source: China Plastics information ()

opened today. LLDPE warehouse receipts opened slightly higher due to the small rise in oil prices. In the early stage, the index was slightly consolidated around 942. After 10:30, the market gradually rose. At 11:30 a.m., the trading ended, and the index closed at 946.08 points, with a mid session gain of 10.68 points. In the afternoon opening, the market was stable. In the early closing, the market did not rise or fall much. In the late closing, the experimental machine was damaged or could not work normally due to poor manufacturing and packaging quality. The final LLDPE warehouse receipt closed at 945.64 points, up 10.24 points or 1.10% compared with the previous trading day. On the index day, the K-line closed down the positive line, under pressure on the medium - and short-term averages. The KDJ index rose away from the oversold area, and wanted to build a cross. The opening of the BOL line narrowed slightly, and the price line rose. Today's trading was average, with a small increase in turnover and a small decline in order volume

the main product ll0907 opened higher and went higher. In the early stage, the market was slightly consolidated, and then the quotation gradually went higher. After 11:00, the market went down again. In the afternoon opening, the market fluctuated and fell, and ended up slightly. At the end of the day, ll0907 closed at 9140 yuan/ton, up 18 yuan/ton. The daily K line closed at the tombstone line, and the upper shadow line was longer

IV. future forecast

international crude oil and ethylene prices have risen continuously. The ultra-low pricing of Sinopec East China and South China branches has shocked the market. The weakness of the spot market continues, the demand is insufficient, and the transaction is sluggish. Businesses are generally lack of confidence in the future market by watching the follow-up settlement of petrochemicals. Today, the warehouse receipts rebounded first at the secondary level of the plastic market. In the same period, there was no follow-up verification in the plastic market. Traders hesitated to go long, and the future market expectation was not clear. In view of the fact that the weak spot pattern did not change, it is not recommended that investors enter the market to rush for a rebound. It is expected that the LLDPE warehouse receipt market will be slightly consolidated in the later period

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