Hottest on July 27th, 2009, China Plastics warehou

On July 27, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 7.06 points to 990.51 points, and China Plastics warehouse receipt index rose 9.94 points to 970.59 points

I. upstream review

on Friday (July 24), the settlement price of West Texas light oil futures in September on the New York Mercantile Exchange was $68.05 a barrel, up $0.89 from the previous trading day, with a trading range of 66 20 dollars; The settlement price of September Brent crude oil futures on the London Intercontinental Exchange was $70.32 a barrel, up $1.07 from the previous trading day, with a trading range of 68 40 dollars

Asian ethylene CFR Northeast Asia closed at USD/ton and CFR Southeast Asia USD/ton on Friday, both unchanged from the previous trading day. European ethylene closed in Europe. "The paint surface of this kind of material is like a foam layer, 1 yuan/ton FD northwest Europe (up $35) and USD/ton CIF northwest Europe (flat) 。 Us ethylene closed at 21 75 cents/pound, up 0.62 cents

II. Fundamental news

① spot market:

pe market is driven by the rebound of crude oil and the rise of futures, and merchants' quotations are tentatively higher. The atmosphere in the venue was active, and the most obvious rise was linear and high pressure, and the lack of supply also played an important role. Traders are actively shipping, but there is still a trace of concern about whether demand can pick up

the PE market quotation in Tianjin is significantly upward, with a range of about 50 yuan/ton, and the downstream inquiry is acceptable. However, according to the merchants, after the price rises, the transaction is generally temporary. 1002kw tax free declaration of 10000 yuan/ton, including tax declaration of 10600 yuan/ton

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall was mainly stable at noon today, and a few brands made upward adjustments, with an increase of between yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order quantity

adopt the pure digital PLL position pulse control mode ll0908

10200

10010

10187 ↑

3

42

ll0909

10387 50

10450

10434 ↑

41

148

ll0910

10350

10500

10454 ↑

23

30

ll0911

10450

10490

10470 ↑

2

3

quotation unit

yuan/ton

batch

opened today, LLDPE warehouse receipts opened flat and went high, and the index rose rapidly in a short time, but the market was blocked. After 9:30, the warehouse receipts began to stabilize and expand horizontally. At 11:30 am, the trading ended, and the index closed at 1060.72 points, up 8.93 points. In the afternoon opening, the market developed steadily with little change, and ended up sharply. The final LLDPE warehouse receipt closed at 1062.25, up 10.46 points or 0.99% from the previous trading day. The K-line of the index closed lower than the positive line, running above each moving average, and the moving average system is still in a long line. MACD indicators are double-line upward, red column growth, KDJ indicators run in overbought areas, BOL oil filling into the inner line opening of the oil tank is significantly enlarged, and the price line crosses the upper rail. Today's trading volume was acceptable, with 69 batches of trading volume and 223 batches of ordering volume. Due to the small risk of establishing a recycled plastic granule factory

the main variety ll0909 opened sharply upward, and the market rose and fell, but bottomed out near yesterday's settlement price. In the afternoon opening, the market fluctuated slightly and closed up sharply. By the end of trading, ll0909 closed at 10450 yuan/ton, up 118 yuan/ton, and the daily K line closed at the Long Yang line

IV. future forecast

in terms of spot goods, the current market is in a stalemate. Petrochemical pricing and sales at the end of the month will form a certain support for the market. However, whether the market can usher in vitality depends on strong positive factors. In terms of warehouse receipts, today's warehouse receipt index and Liansu price hit a new high this year. At present, investment expectations are good, and they may continue to look high in the short term

it is expected that the LLDPE warehouse receipt market may continue to explore slightly in the later period

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