Hottest November 12, 2009 China Plastics warehouse

On November 12, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index rose 8.63 points to 987.39 points, and China Plastics warehouse receipt index rose 12.05 points to 944.62 points

I. upstream Review

on Wednesday (November 1, when the number of aluminum related enterprises reached more than 100), the settlement price of West Texas light oil futures in December on the New York Mercantile Exchange was $79.28 a barrel, up $0.23 from the previous trading day, with a trading range of 78 10 dollars; The settlement price of December Brent crude oil futures on the London Intercontinental Exchange was $77.95 a barrel, up $0.45 from the previous trading day, with a trading range of 77 $62

on Wednesday, Asia ethylene closed at USD/ton CFR Northeast Asia (up $5/ton) and USD/ton CFR Southeast Asia (up $5/ton). European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, both flat. Us ethylene closed at 33 255 cents/pound, down 0.25 cents

II. Fundamental news

① spot market:

pe market is driven by the rise of oil price, the market hype atmosphere is active, the number of people looking for offers increases, the mentality of traders improves, and prices are raised one after another. The performance of South China is more eye-catching, and most businesses are closed and wait-and-see, leading to a rise in the market all the way. Due to the recent heavy snow in some parts of North China, the transportation in some areas has been adversely affected. The latest quotation of Yuyao plastic city is RMB/ton for LDPE and RMB/ton for LLDPE

② dynamics of China Plastics spot Mall:

the listing of LLDPE in China Plastics spot mall at noon today, and the quotation of some brands was adjusted, ranging from yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll0912

10600

10880

10715

20

175

ll1001

10680

.P>10850

10772

51

118

at the opening today, LLDPE warehouse receipts were stimulated by a small rebound in oil prices, opening higher in the medium range, the market rose step by step, and the index rose. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 13.16 points to 1099.46 points. In the afternoon opening, the market continued to rise and ended sharply higher. The LLDPE warehouse receipt finally closed at 1101.84 points, up 15.54 points or 1.43% on the trading day, depending on the type, performance, accuracy and other specific requirements of the experimental machine. The daily K-line of the index closed at the positive line, the physical center of gravity rose sharply, the 5-day moving average rose rapidly, the MACD index rose double lines, the red column increased significantly, the KDJ index continued to rise, the opening of the BOL line widened sharply, and the price break line intersected with the upper track. Today's trading volume was poor, with 72 batches of trading volume and 301 batches of ordering volume

the main variety ll1001 opened higher in the middle range, and the market oscillated higher, maintaining a good upward trend. In the afternoon, the market continued to explore and ended up sharply. At the end of the day, we made a scientific analysis of the induction. Therefore, when choosing the high and low temperature test box, we also need to pay attention to the material and processing technology used by the manufacturer. The closing price of l1001 was 10850 yuan/ton, up 240 yuan/ton, and the daily K line closed at the Long Yang line

IV. future forecast

the international oil price is competing around $80, the price of ethylene is stable, and petrochemical manufacturers have carried out pricing sales in succession, which has boosted the merchants' psychology of strong quotation. At the same time, the sales pressure of traders is not large, and it is mainly to wait and see the market trend. The market trading atmosphere improved, inquiries increased, and downstream demand remained stable without significant changes. LLDPE warehouse orders opened higher in the middle today, and continued to rise. The market rose sharply. At the same time, technical indicators sent a bullish signal. It is expected that the market will continue to rise in the later period

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