A brief comment on the market of China Plastics wa

On April 28, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 8.59 points to 943.79 points, and China Plastics warehouse receipt index fell 6.78 points to 878.52 points

I. upstream review

on Monday, the settlement price of West Texas light oil futures in June on the New York Mercantile Exchange was $50.14 a barrel, down $1.41 from the previous trading day, with a trading range of 48 $45; The June futures settlement price of Brent crude oil on the London Intercontinental Exchange was $50.32 a barrel, down $1.35 from the previous trading day, with a trading range of 48 19 dollars

Asian ethylene closed on Monday in USD/ton CFR Northeast Asia (down 6.5 USD/ton) and USD/ton CFR Southeast Asia (down 6.5 USD/ton). European ethylene closed in euros/ton FD northwest Europe and measured in dollars/people wearing new materials and clothes may not be willing to turn on fans or air conditioners, ton CIF northwest Europe, the trend is stable. The US ethylene market closed at 22 505 cents/pound, down 0.75 cents

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Far East CFR

dollar/ton

Saudi Arabia 218w

1195

dollar/ton

Northwest Europe FD

euro/ton

Saudi Arabia 21hs

1200

USD/ton

Houston Fas

USD/ton

Saudi Arabia 6201xr

1127

USD/ton

Middle East FOB

USD/ton

Kuwait 7050

1180

USD/ton

time: April 27, 2009

data source: China Plastics information ()

② Petrochemical dynamics:

Guangzhou Petrochemical LLDPE plant production 7042 and 2001. The ex factory price of 7042/2001 is 9650 yuan/ton. The inventory is average, and now it is sold at a fixed price. The new granulation unit of Tianjin United LLDPE plant is faulty, and it is reported that it will take a long time to repair. At present, it is produced by the old granulation device, which is reported to affect 50% of the output of pellets, and the current output is 9020. Zhongyuan ethylene linear plant is converted to 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 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 quotation declined slightly, with a small range of about 50 yuan/ton. Businessmen are confused and lack confidence in the future market. Due to the weak purchase intention of downstream factories and the general wait-and-see attitude of traders, the overall transaction is still quiet. At present, the mainstream price of LLDPE market is yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll0905

9110

9400

9269 ↑

10 ↑

122

ll09 in fact, there should not be oil leakage 06

9250

9200

9211 ↑

52 ↓

133

ll0907

9150

9065

9132 ↓

108 ↑

67

ll0908

9090

9090 ↓

1 ↓

4

quotation unit: yuan/ton

data source: China Plastics information ()

this morning, LLDPE warehouse orders rose after the opening decline, but the good times did not last long. Soon the market oscillated downward, and the index gradually fell. 9: After 40, the warehouse receipt turned up to fall. Since then, the index hit yesterday's closing price for many times, and all failed. At 11:30 a.m., the trading ended, and the index closed at 940.85 points, with a slight drop of 0.17 points in the mid session. In the afternoon opening, the market continued to oscillate and consolidate under yesterday's closing price, and ended down slightly. The final LLDPE warehouse receipt closed at 940.41 points, down 0.61 points from the previous trading day. On the index day, the K-line closed lower than the positive line, falling below the short-term average, the KDJ index fell, the opening of the BOL line changed little, and the price moved in a broken line. Today's trading was good, with the trading volume soaring and the order volume declining slightly

the main variety ll0907 oscillated sharply at the opening, and then the amplitude gradually narrowed, and the market downturn gradually appeared. In the afternoon opening, prices continued to fall, and ended sharply lower in the late afternoon. At the end of the day, ll0907 closed at 9065 yuan/ton, down 112 yuan/ton, and the daily K line closed lower

IV. future forecast

some sales companies of Sinopec and PetroChina have slightly reduced the factory price of LLDPE, but downstream factories wait and see with money and receive less goods. The overall market price is weak, and the results of single-chip microcomputer measurement, calculation and digital display are in a low season of demand. On the other hand, the supply of goods is small, and there is centralized maintenance in the later stage, so the market is in a stalemate. It is expected that the upward resistance of LLDPE warehouse receipts in the later stage is large, and it should be dominated by small fluctuations

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