A brief comment on the market of China Plastics wa

  • Detail

On May 4, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 11.71 points to 942.21 points, and China Plastics warehouse receipt index rose 24.90 points to 881.11 points

I. upstream review

on Friday, the settlement price of West Texas light oil futures in June on the New York Mercantile Exchange was $53.2 a barrel, up $2.08 from the previous trading day, with a trading range of 50 $65; The June futures settlement price of Brent crude oil on the London Intercontinental Exchange was $52.85 a barrel, up $2.05 from the previous trading day, with a trading range of 49 $05

on Friday, European ethylene closed in euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 21 00 cents/pound, the trend is stable

II Fundamental news

① external quotation:

International dollar



Hong Kong dollar



Far East CFR


Saudi Arabia 218w



Northwest Europe FD


Saudi Arabia 21hs


US dollar/ton

Houston Fas

US dollar/ton

Singapore 1002kw


US dollar/ton

Middle East FOB


Kuwait 7050



time: 2009 and degradable plastic bags were synthesized by adding starch and other methods. April 30 of the next year

data source: China Plastics information ()

② Petrochemical dynamics:

Guangzhou Petrochemical LLDPE plant production 7042 and 2001. The listing price of 7042/2001 is 9750 yuan/ton. The inventory is general, and now it is listed for sale. Tianjin United LLDPE plant plans to switch to 9085 tomorrow, with the listing price of 9020 at 9750 yuan/ton and 1820 at 9150 yuan/ton. The production capacity of Zhongyuan ethylene linear plant is 9088, with an estimated output of 6000 tons. At present, 7050/9050k is listed for sale at 9650 yuan/ton, and the inventory level is seriously high. Yangzi Petrochemical LLDPE plant produces 7042. Petrochemical inventory is general, and now it is sold at a fixed price. Jilin Petrochemical LLDPE plant produces 7042. The inventory level is average

③ spot market:

pe market is driven by the rise of crude oil, and the atmosphere has improved. However, the mentality of most businesses is still poor, and they ship goods according to the market. Middlemen and downstream factories are not interested in receiving goods, and inquiries are light. LLDPE rose relatively significantly, but it was mainly a compensation rebound for the panic decline in the early stage. At present, the mainstream price of LLDPE market is yuan/ton

III. technical status


opening price

closing price

settlement price

trading volume (batch)

order quantity (batch)




9327 ↑

32 ↑





9240 ↑

6 ↓




923 no obvious melting point; Higher melt viscosity 5

9191 can also reduce raw material consumption ↑

7 ↓





9110 ↑

2 ↓


quotation unit: yuan/ton

data source: China Plastics information ()

today's opening, LLDPE warehouse orders open high and go high, and the rise in oil prices will map the positive to the warehouse receipt market, resulting in a bull market. After 9:30, affected by the long-term non transaction of main varieties, the LLDPE warehouse receipt market remained stable with little change, with a slight decline in the afternoon. How to develop and apply a degradable material that can replace petrochemical plastics has become a hot research topic for scientists. The trading ended at 11:30 a.m. with the index at 937.19 and the mid session up 17.18 points. In the afternoon opening, the market rose step by step, and there were not many transactions in the market. At the end of the day, it closed up sharply. The final LLDPE warehouse receipt closed at 941.59, up 21.57 points from the previous trading day. The daily K-line of the index closed lower than the positive line and stood at the 5-day moving average. The trend of KDJ index deviated, the opening of BOL line changed little, and the price broken line moved up significantly. The trading volume and order volume fell to varying degrees due to poor trading today

the main variety ll0907 opened sharply higher, and soon the market accelerated, and the quotation quickly rose to 9200 yuan/ton. Since then, there have been few transactions on the market, with little change, and the late trading was closed at the daily limit. At the end of the session, ll0907 closed at 9235 yuan/ton, up 269 yuan/ton, and the daily K line closed at the bareheaded and barefoot Yang line

IV. future forecast

crude oil rises, and some petrochemical enterprises raise the factory price of LLDPE, but the boosting effect is not obvious, and the decline is difficult to reverse in the short term. On the first day after the festival, businesses are uncertain about the market, market resources are still small, and transactions tend to be light. Today's warehouse receipts showed the characteristics of a one-sided market, while the swine flu epidemic still did not stop the pace of oil price rebound. Taking the above factors into consideration, the plastic market is likely to improve, and it is expected that the LLDPE warehouse receipts market will continue to consolidate slightly in the later period

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

Copyright © 2011 JIN SHI