The hottest May 31, 2009 China Plastics warehouse

2022-08-08
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On May 31, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 11.59 points to 919.33 points, and China Plastics warehouse receipt index rose 25.05 points to 882.37 points

I. upstream review:

on Friday (May 29), the settlement price of West Texas light oil futures in July on the New York Mercantile Exchange was $66.31 a barrel, up $1.23 from the previous trading day, with a trading range of 64 $64; The July futures settlement price of Brent crude oil on the London Intercontinental Exchange was $65.52 a barrel, up $1.13 from the previous trading day, with a trading range of 63 70 dollars

on Friday, Asian ethylene closed at USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia, both of which fell by $11. European ethylene closed at euro/ton FD northwest Europe (up 10 euros) and dollar/ton CIF northwest Europe (up 30 dollars)

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Far East CFR

dollar/ton

Saudi Arabia 218w

1202

dollar/ton

Northwest Europe FD

euro/ton

Saudi fc-21hn

1185

USD/ton

Houston Fas

USD/ton

Kuwait 7050

1206

USD/ton

Middle East FOB

USD/ton

Taiwan Formosa Plastics 3224

1193

USD/ton

time: May 27, 2009 data source: China Plastics information ()

② Petrochemical dynamics:

Sinopec Sales central China branch LLDPE was listed for sale in June, with 7050/9088 at 9350 yuan/ton. Guangzhou Petrochemical LLDPE plant produces 7042 and 2001. The new listing price of 7042/2001 is 9350 yuan/ton. The inventory is general, and now it is listed for sale. Sinopec Sales South China branch has general PE inventory, and LLDPE is listed for sale. Zhongyuan ethylene linear plant produces 7050. The price of 7050/9088 is 9050 yuan/ton, and the inventory level is slightly high. Tianjin United LLDPE plant produced 9020 today, and it is reported that the production will be scheduled to next month. Ex factory price: 9020/9085 at 9050 yuan/ton, 1820/1875 at 28450 yuan/ton

③ spot market:

the PE market is affected by the sharp rise in crude oil, which is a key benefit to the development status of plastic extruders and the spatial analysis market. Downstream demand has suddenly increased, and factories and dealers have taken action. As the seller is confused about the trend in the later stage, the intention to ship is strong. LLDPE and LDPE mostly increased by 100 yuan/ton, while HDPE was mainly stable. At present, it is in the off-season of production, the operating rate of downstream factories is generally low, and it is not easy for demand to continue to increase. The latest quotation in East China LLDPE market is yuan/ton

④ dynamics of China Plastics spot Mall:

today's afternoon, China Plastics spot merchants hope to help you! Compared with the same period last Friday, the listing price of city () LLDPE was slightly adjusted, basically higher, with an increase of between yuan/ton, and individual brands fell by 900 yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

ll0906

9400

9420

9403 ↑

7 ↑

49

ll0907

9300

9430

9435 ↑

15 ↓

103

ll0908

9400

9430

9450 ↑

4 ↓

14

ll0909

-

-

-

4

quotation unit

yuan/ton

batch

data source: China Plastics information ()

today's opening, LLDPE warehouse receipts were boosted by the positive news of crude oil for four consecutive days, and the opening was slightly upward. In the early stage, the market continued to rise step by step, and the index rose higher and higher. After 10:30, affected by the main limit, the trend of warehouse receipts gradually flattened. By 11:30 am, the trading ended, and the index was at 967.87 points, with a mid market increase of 22.7. Do you know how to install and operate the concrete pressure testing machine? 5:00. In the afternoon opening, the market did not change much, and ended up sharply. Finally, LLDPE warehouse receipts closed at 968.08 points, up 22.96 points or 2.43% from the previous trading day. The K-line of the index closed at the long positive line, and the average line on the station rose after the KDJ index was crossed. The opening of the BOL line was slightly enlarged, and the price was broken up. Today's trading volume was average, with both trading volume and order volume declining slightly

after the main variety ll0907 opened slightly higher, the market continued to rise and was soon closed on the daily limit. Since then, the daily limit has been opened several times, with little overall impact, but it fell in the late trading. By the end of trading, ll0907 closed at 9430 yuan/ton, up 222 yuan/ton, and the daily K line closed at the Long Yang line

IV. future forecast

pe spot, the international oil price and upstream ethylene price rose strongly, the spot market atmosphere improved slightly, and the inversion between ex factory price and market price has ended. At present, the imported materials are higher than the domestic materials by yuan/ton, which has no price advantage at all. The overall transaction volume of the market has increased, but the off-season market has not yet ended

the warehouse receipt market rose unilaterally today, with low transactions. Traders' aftermarket expectations are almost one-sided, and it is expected to continue to rise in the short term. It is expected that the LLDPE warehouse receipt market will oscillate and rise slightly in the later period

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