A brief comment on the market of China Plastics wa

On March 5, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 2.73 points to 784.26 points, and China Plastics warehouse receipt index fell 2.71 points to 698.66 points

first, the core of it is the robot arm in the closed unit. Review

at the close of Wednesday, West Texas light oil April futures on the New York Mercantile Exchange was $45.38 a barrel, up $3.73 from the previous trading day, with a trading range of 41 $76; April Brent crude oil futures on the London Intercontinental Exchange were $46.12 a barrel, up $2.42 from the previous trading day, with a trading range of 43 $54

on Wednesday, Asia ethylene closed in USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia. European ethylene has over-current, over-voltage, overload and other protection devices, euro/ton FD northwest Europe and dollar/ton CIF northwest Europe. Us ethylene closed at 31 505 cents/pound, closing stable

at the close of Wednesday, Asian naphtha was reported at $43.12/barrel in Singapore and $394/ton in Japan. European naphtha Rotterdam closed at US $402/ton, and FOB ground poster was US $383.25/ton

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Northwest Europe FD

euro/ton

Saudi Arabia 218w

-

dollar/ton

Houston Fas

./P>

USD/ton

Saudi 21hs

1023

USD/ton

Far East CFR

USD/ton

covid equal

1033

USD/ton

FOB in the Middle East

USD/ton

Singapore 1002kw

-

USD/ton

time: March 4, 2009

data source: China Plastics () ② Petrochemical dynamics:

petrochemical factory price is stable in the morning, and the listing price is stable. Zhongyuan Petrochemical LLDPE plant produces 7050, Tianjin Lianhua LLDPE plant is scheduled to start on March 6, Guangzhou Petrochemical LLDPE plant produces 7144, Maoming Petrochemical LLDPE plant produces 7042, Yangzi Petrochemical LLDPE plant produces 7042, Qilu Petrochemical LLDPE plant produces 7042, and the plant is scheduled to be overhauled in April for one month

③ spot market:

Sinopec/PetroChina regions have listed one after another, and the market price continues to decline, with a range of about yuan/ton. At present, the upside down range of various brands in the market is about yuan/ton. Most businesses are worried that the settlement price of petrochemical is too high and dare not rush to ship at a large price. However, some businesses are not optimistic about the future market, and there are many low-cost shippers in the market

the market atmosphere of LLDPE in China plastic city was low, and the price fell slightly. With the implementation of listing sales again after the cancellation of pricing in some Sinopec and PetroChina sales regions, which has hit market confidence, and the recent centralized arrival of imported materials, merchants are actively shipping. Mainstream market price: yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll0903

8310

8310

8310

1 ↓

41

ll0904

8150

8020

8101

55 ↑

106

ll0905

8060

7910

8003

36 ↑

67

ll0906

8178

8178

1 ↑

1

quotation unit: yuan/ton

data source: China Plastics information () today's opening, LLDPE warehouse receipts open high and go low, Subsequently, the price fell slightly, but supported by the rise of crude oil and futures, the early market remained stable, mainly horizontal oscillation. 11: After 00, the selling price was pressured, and the increase was gradually smaller. At the end of the morning, the index closed at 809.27 points, with a mid session gain of 2.94 points. In the afternoon opening, warehouse receipts continued to decline, basically reversing the early gains. The final LLDPE warehouse receipt closed at 805.96 points, down 0.37 points from the previous trading day. KDJ and RSI indicators cross, the opening of BOL line tends to be smaller, the price line breaks parallel, the moving average system continues to adjust horizontally, and the medium and short-term moving average goes down. Today's volume is average, the trading volume increased slightly, and the order volume decreased slightly

after the main variety ll0904 opened slightly higher, the disk fluctuated horizontally. 10: After the measured pull value was inaccurate, the buyer was unable to support it, and the decline gradually became clear. In the afternoon opening, there were few transactions, and the market oscillated and fell. By the end of the day, the settlement price of ll0904 was 8101 yuan/ton, up 7 yuan/ton, and the daily K line closed at the bare headed negative line

IV. future forecast

the international crude oil price has fluctuated sharply recently, and PetroChina North China and East China took the lead in listing. However, the ex factory price of domestic LLDPE has remained stable for the time being. Traders are particularly concerned about the trend of petrochemical prices, and their views on the future market have also changed significantly. At present, most traders are very cautious in operation, mainly in the short term. On the premise that downstream factories continue to wait and see, the market quotation may continue to fall. Therefore, it is expected that LLDPE warehouse receipts will be consolidated and fell in the near future

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