A brief comment on the market of China Plastics wa

2022-08-16
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On April 21, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 5.80 points to 954.25 points, and China Plastics warehouse receipt index fell 14.18 points to 894.62 points

I. upstream review

on Monday, the settlement price of West Texas light oil futures in May on the New York Mercantile Exchange was $45.88 a barrel, down $4.45 from the previous trading day, with a trading range of 45 31 dollars; The June futures settlement price of Brent crude oil on the London Intercontinental Exchange was $49.86 a barrel, down $3.49 from the previous trading day, with a trading range of 49 $06

Asian ethylene closed on Monday in USD/ton CFR Northeast Asia (down $4/ton) and USD/ton CFR Southeast Asia (up $1/ton). European ethylene closed in euro/ton FD northwest Europe and USD/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 23 38 cents/pound, down 0.495 cents

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Far East CFR

dollar/ton

Saudi fc-21hn

1110

dollar/ton

Northwest Europe FD

.

the maximum oil level of euro/its oil is no more than the lower flat part of the oil measuring needle, which can be tons

Saudi 6101xr

1130

USD/ton

Houston FAS

USD/ton

Singapore 1002kw

1140

USD/ton

FOB in the Middle East

USD/ton

Formosa Plastics 3224

1130

USD/ton

time: April 20, 2009

data source: China Plastics information ()

② Petrochemical dynamics:

Tianjin United LLDPE plant is scheduled to produce 9020, and the inventory in the plant is general. Ex factory price: 9020 at 9900 yuan/ton, 1820 at 9600 yuan/ton. Daqing Petrochemical LLDPE produces 7042. Yangzi Petrochemical LLDPE plant produces 1802. Petrochemical inventory is general, and now it is sold at a fixed price. Jilin Petrochemical LLDPE plant produces 7042. The inventory level is average. Guangzhou Petrochemical LLDPE plant produces 7042 and 2001. The ex factory price of 7042/2001 is 9950 yuan/ton. The inventory is average, and now it is sold at a fixed price

③ spot market:

the PE market is temporarily stable, and the sharp fall in oil prices has interfered with the market, and some buyers temporarily take a wait-and-see attitude. Traders' transactions are not active, downstream factories receive goods poorly, and the transaction atmosphere becomes more gloomy. The market in East China is rising, and the transaction impact intensity can reach 45.7kj/m2, with different prices. The market in South China rose and the transaction was flat. The market in North China rose and the transaction was flat

III Technical status

variety

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll0905

9170

9340

9255 ↓

2 ↑

128

ll0906

9400

9300

9323 ↓

33 ↓

152

ll0907

9150

9300

9275 ↓

37 ↑

72

ll0908

9268

9268

9268 ↓

1 ↓

3

quotation unit: yuan/ton

data source: China Plastics information ()

LLDPE warehouse orders fell sharply today, Subsequently, the market bottomed out and recovered some lost land. After 10:00, the trend of warehouse receipts gradually slowed down, with small fluctuations and horizontal consolidation. At 11:30 a.m., the trading ended, and the index closed at 952.93 points, down 12.74 points in the mid session. In the afternoon opening, the market was flat and tasteless, with little change. At the end, more high-performance plastics became packaging materials, and the intraday price fell. The final LLDPE warehouse receipt closed at 953.96 points, down 11.70 points from the previous trading day. The K-line of the index day closed down the positive line, each short line and a set of special units were used to hang the Charpy sample. During the experiment period, the average line was handed over to the interior of the entity, the KDJ index continued to rise, the opening of the BOL line was slightly narrowed, and the price line was handed over to the middle rail. Today's trading was poor, the trading volume fell sharply, and the order volume increased steadily

the main variety ll0906 opened down with shock, and the quotation gradually fell. Near 9250, supported by the buyer, the market began to callback, but the range was limited. At the end of the day, ll0906 closed at 9300 yuan/ton, down 123 yuan/ton, and the daily K line closed lower

IV. aftermarket forecast

it seems that the one week callback has come to an end. The ex factory prices of PetroChina and Sinopec LLDPE have basically remained stable, and the market prices have also followed suit. Most businesses are optimistic about the future market, and their operations have increased. The downstream mainly takes a wait-and-see attitude, with a small amount of goods in stock. It is expected that the market price will remain in a relatively stable range in the short term, and the LLDPE warehouse receipt market may be slightly consolidated

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

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