The hottest March 13 China Plastics warehouse rece

On March 13, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 9.05 points to 813.52 points, and China Plastics warehouse receipt index rose 17.81 points to 747.68 points

I. upstream review

at the close of Thursday, the April futures of West Texas light oil on the New York Mercantile Exchange was $47.03 per barrel, up $4.70 from the previous trading day, with a trading range of 42 22 dollars; April Brent crude oil futures on the London Intercontinental Exchange were $45.09 a barrel, up $3.69 from the previous trading day, with a trading range of 41 $48

Asian ethylene closed Thursday at USD/T CFR Northeast Asia (up 3 USD/T) and USD/T CFR Southeast Asia. European ethylene closing 625 can be connected to computer console 00 euro/ton FD North West Europe and 705 USD 00/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 23 005 cents/pound, down 0.18 cents

at the close of trading on Thursday, Asian naphtha was reported at $42.51/barrel in Singapore and $387.625/ton in Japan, with gains and losses of $0.87/barrel and $9.625/ton respectively. European naphtha Rotterdam closed at USD 350/ton, and FOB ground poster was USD 332.5/ton, both up and down at USD -5.25/ton

II Basic 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

USD/ton

Saudi 21hs

1043

USD/ton

Far East cfr

USD/ton

Kuwait 7050

1033

USD/ton

Middle East fob

-

USD/ton

Formosa Plastics 3224

1018

USD/ton

time: March 12, 2009

data source: Zhuo Chuang information

② Petrochemical trends:

Maoming Petrochemical LLDPE plant stopped for 7 days on the evening of March 3. The ex factory price of Shanghai Secco LLDPE is stable. Qilu Petrochemical LLDPE plant produces 7042 and Tianjin Lianhua LLDPE plant produces 9020. Guangzhou Petrochemical LLDPE plant produces 7144. Zhongyuan Petrochemical LLDPE unit produced 7050, and the listing price was stable today

③ spot market:

the international oil price rebounded and closed above $47, and the market confidence recovered. The LLDPE market rose slightly, with an increase of about 100 yuan/ton. The downstream factories have no strong purchase intention, the demand has not yet improved, and the transaction is not good. The wait-and-see atmosphere in the PE market of China plastic city was strong, the transaction was poor, and some goods were not supplied much, so the quotation continued to be stable. Mainstream market price: yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume (batch)

ordering volume (batch)

ll0903

8840

8840

8840 -

2 -

24

ll0904

8265

8228

8254 ↑

76 ↑

146

ll0905

8200

8220

8219 ↑

33 ↓

79

ll0906

8250

8200

8225 ↑

4 ↑

5

quotation unit: yuan/ton

data source: China Plastics information ()

opened today, boosted by the surge in crude oil, The LLDPE warehouse receipt index opened significantly higher, the early price rose rapidly, and the transaction volume was large. 10: After 00, the rise of the market was blocked and entered the stagflation correction stage. The slow bull index weakened and fell slowly. By 11:30 a.m., the transaction was closed. It was similar to ultra-high molecular polyurethane in terms of tensile strength, fracture elongation and hardness. The index was at 827.61 points, up 12.83 points in the middle market. In the afternoon opening, LLDPE warehouse receipts were slightly retrenched, the rise was slightly narrowed, there were few transactions, and the changes were weak. The final LLDPE warehouse receipt closed at 826.69, up 11.91 points over the previous trading day. On the index day, the K-line closed down to the positive line, which fell short of the previous price. In the short term, the station had to replace the new belt line. KDJ index goes up to overbought area, and the moving average system is horizontally consolidated

the main variety ll0904 opened higher and went higher. Soon, the market fluctuated and corrected, reversing some of the gains. Opening in the afternoon, the trading volume of warehouse receipts was limited, with a slight shock. At the end of the day, the settlement price of ll0904 was reported at 8228 yuan/ton, up 97 yuan/ton. The daily K line closed at the lower negative line and stood at the short-term average

IV. future forecast

the global economy is deteriorating, the crude oil is fluctuating widely, and cheap goods from outside are arriving in Hong Kong one after another. Recently, the PE market lacks the support of positive factors. The future market trend depends on the change of demand and petrochemical ex factory price, and the focus on environmental protection. At present, the downstream demand is sluggish, the market supply exceeds demand, and the supply of linear resources is relatively small. The situation is slightly better. Out of the unfavorable demand side, traders have a poor mentality and are cautious in shipping. Most of them keep low positions. It is expected that the LLDPE warehouse receipt market may decline slightly in the near future

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