A brief comment on the market of China Plastics wa

2022-08-16
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On March 6, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 1.86 points to 782.4 points, and China Plastics warehouse receipt index fell 2.38 points to 696.28 points

I. upstream review

at the close of Thursday, West Texas light oil April futures on the New York Mercantile Exchange was $43.61 a barrel, down $1.77 from the previous trading day, with a trading range of 42 $70; London pays more attention to short-term interests. April Brent crude oil futures on the Intercontinental Exchange were $43.64 a barrel, down $2.48 from the previous trading day, with a trading range of 42 42 dollars

Asian ethylene closed on Thursday in USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia, with a stable trend. European ethylene closed 625 00 euros/ton FD northwest Europe and 755 US $00/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 30 005 cents/pound, down 0.5 cents/pound

at the close of Tuesday, Asian naphtha was reported at $44.81/barrel in Singapore and $409.75/ton in Japan, with gains and losses of +1.69 yuan/barrel and +15.75 yuan/ton respectively. European naphtha Rotterdam closed at $386/ton, and FOB ground poster was $367.25/ton, both up and down at $16/ton

II Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Northwest Europe FD

euro/ton

Saudi Arabia 218w

1028

dollar/ton

Houston Fas

.

US dollar/ton

Saudi Arabia 21hs

1028

US dollar/ton

Far East CFR

US dollar/ton

Kuwait 7050

-

US dollar/ton

Middle East FOB

USD/ton

Singapore 1002kw

1023

USD/ton

time: March 5, 2009

data source: China Plastics ()

② Petrochemical dynamics:

petrochemical factory price is stable in the morning, and the listing price is stable. Qilu Petrochemical LLDPE plant produces 7042, which is scheduled to be overhauled for one month in April. Zhongyuan Petrochemical LLDPE plant produces 7050, Tianjin Lianhua LLDPE plant is scheduled to start on March 10, and Yangzi Petrochemical LLDPE plant produces 7042

③ spot market:

the domestic PE market fell slightly, of which the linear high voltage was more obvious, with a range of about yuan/ton. At present, the mainstream of linear high-voltage is about yuan/ton, and the market in South China is poor. The low price linear high-voltage imported goods supply puts great pressure on domestic goods. The market atmosphere of LLDPE in China plastic city was low, and the price fell slightly. With the implementation of listing sales again after the cancellation of pricing in some Sinopec and PetroChina sales regions, which has hit market confidence, and the recent centralized arrival of imported materials, merchants are actively shipping. Mainstream market price: yuan/ton

III Technical status

variety

opening price

closing price carbon nanotube fiber is a macro fiber that twisted many single nanotubes together. After in-depth research

settlement price

trading volume (batch)

order volume (batch)

ll0903

8270

8540

8360 ↑

3 ↑

40

ll0904

8000

8170

8107 ↑

35 ↓

104

ll0905

7850

8030

7947 ↓

41 ↑

76

ll0906

8380

8380 ↑

1

-

quotation unit: yuan/ton

data source: China Plastics information ()

opening today, pressured by the decline in crude oil, LLDPE warehouse orders opened low in the middle, and oscillated upward after the price bottomed out, but the overall rebound was not large. At the end of the morning, the index closed at 801.87 points, down 4.10 points in mid session. In the afternoon opening, the market continued to rise step by step, recovering some lost land, but the range was limited. The final LLDPE warehouse receipt closed at 804.11 points, down 1.85 points from the previous trading day. The daily K-line of the index closed lower than the positive line, under pressure on the 5-day moving average. KDJ and RSI indicators continued to probe downward, the opening of the BOL line contracted significantly, the price broken line fell, and the moving average system continued to converge

the main variety ll0904 opened down, pulled back after the price bottomed, and turned down to up at about 11:00. In the afternoon opening, the market oscillated slightly, with a slight rise at the end of the session. By the end of the session, the settlement price of ll0904 was reported at 8107 yuan/ton, up 6 yuan/ton, although the cost of adopting FRP Bridge Deck for the road bridge was twice that of traditional materials, and the daily K line closed the Yang line

IV. future forecast

the upstream market has been significantly adjusted, but the impact on the LLDPE market is weak under the condition that petrochemicals are listed one after another. With the increasing number of low-cost imports, it is difficult to open the terminal demand, which increases the difficulty of future operation. It is expected that the LLDPE warehouse receipt market will continue to decline in the near future

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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