The hottest May 20, 2009 China Plastics warehouse

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On May 20, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 8.05 points to 922.38 points, and China Plastics warehouse receipt index fell 8.71 points to 866.75 points

I. upstream review:

on Tuesday (May 19), the settlement price of West Texas light oil futures in June on the New York Mercantile Exchange was $59.65 a barrel, up $0.62 from the previous trading day, with a trading range of 58 48 dollars; The July futures settlement price of Brent crude oil on the London Intercontinental Exchange was $58.92 a barrel, up $0.45 from the previous trading day, with a trading range of 57 65 dollars

on Tuesday, Asian ethylene closed at $per ton CFR Northeast Asia (up $41) and $per ton CFR Southeast Asia (9. Check air strike back to zero and energy loss up $31). European ethylene closed at euro/ton FD northwest Europe and dollar/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 22 38 cents/pound, down 0.125 cents

II Fundamental news

① external quotation:

International dollar



Hong Kong dollar



Far East CFR


Saudi fc-21hn



Northwest Europe FD



Saudi FD 21hs



Houston Fas


Singapore 1002kw



Middle East FOB


Taiwan Formosa Plastics 3224



time: May 19, 2009 data source: China Plastics information ()

② Petrochemical dynamics:

Tianjin joint LLDPE plant plans to switch production to 9020 today, and it is reported that the production will be scheduled to next month. Listing price: 9020/9085 at 9750 yuan/ton, 1820/1875 at 9150 yuan/ton. Sinopec Sales central China branch made a daily settlement of 9450 yuan/ton, 9350 yuan/ton and 9600 yuan/ton from the 18th for Honeywell LLDPE settlement. Zhongyuan ethylene linear plant produces 7050. 7050/9088 is listed at 9750 yuan/ton, and the inventory level is high. Guangzhou Petrochemical LLDPE plant produces 7042 and 2001. The listing price of 7042/2001 is 9750 yuan/ton. The inventory is general, and now it is listed for sale. Sinopec Sales North China branch LLDPE inventory is general, and continues to be listed for sale

③ spot market:

pe market is poor, the impact of oil price rise is limited, merchants respond to transaction difficulties, and inventory pressure gradually appears. LLDPE main instrument exhibition has been successfully held for 34 times, and the current price has maintained yesterday's level, with some transactions weakening by 50 yuan/ton. HDPE prices continue to fall, and some varieties are upside down. The price of imported materials fell due to the limited supply. Traders mainly ship goods, but the delivery is slow. At present, the mainstream price of LLDPE in East China market is yuan/ton

III Technical status


opening price

closing price

settlement price

trading volume

order volume




9225 ↓

6 ↑





9322 ↓

33 ↑





9305 -

12 ↑





9187 ↓

3 ↑


quotation Unit



data source: China Plastics information ()

opening today, LLDPE warehouse receipts opened slightly lower, and the early index bottomed back, but the range was not large. After 10 o'clock, the market fell again. At 11:30 am, the trading ended, and the index closed at 956.77 points, down 4.05 points in the mid session. In the afternoon opening, the market stabilized, with a small shock consolidation around 956.5, and a small decline in the end. The final LLDPE warehouse receipt closed at 956.44 points, down 4.38 points or 0.46% from the previous trading day. The daily K-line of the index shows a small negative line, and the upper and lower shadow lines are very short, which is under pressure on the 5-day moving average. KDJ index accelerated downward, BOL line opening was stable, and the price broken line fell below the medium track. Today's trading volume was average, with both trading volume and order volume rising slightly

the main variety ll0907 opened low and went down, forming a small shock situation. After 11 o'clock, the market fluctuated and fell, there were few transactions on the market, and the empty strategy was dominant. By the end of trading, ll0907 closed at 9330 yuan/ton, down 49 yuan/ton, and the daily K line closed at the cross star line

IV. future forecast

international crude oil rebounded, upstream ethylene stabilized, petrochemical pricing strategy remained unchanged, and the spot market continued to be weak. At present, the market is still in the gap between crude oil prices and downstream demand, and it is difficult to find a breakthrough in this impasse. Merchants lack confidence in the future market and actively ship goods. Today's warehouse receipt market ignored the strong performance of crude oil and remained in the doldrums. The quantity of warehouse receipts has always been poor, and the future trend is difficult to be clear. It is expected that the LLDPE warehouse receipt market will continue to be dominated by shock consolidation in the later period

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