Hottest November 25th, 2009 China Plastics warehou

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On November 25th, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 2.99 points to 1017.71 points, and China Plastics warehouse receipt index fell 8.06 points to 973.96 points

I. upstream review

on Tuesday, the price of crude oil futures market on the New York Mercantile Exchange (NYMEX) closed at a one month low, and the oil price fell from its recent high due to potential supply growth. The settlement price of NYMEX January crude oil futures fell $1.54 to $76.02 a barrel, down 2%, the lowest settlement price since October 14. At present, the oil price is at the low end of the dollar fluctuation range of the super large coalfield with an area of 130.24km2 and reserves of about 5.3 billion tons of caiwan 1 well in Nanxi mining area of Zhundong coalfield in Xinjiang, which has been maintained for more than a month. The settlement price of January Brent crude oil futures on the ICE Futures Exchange fell $1, or 1.3%, to $76.46 a barrel

on Monday, Asian ethylene closed at USD/ton CFR Northeast Asia and USD/ton CFR Southeast Asia (up $30). European ethylene closed at euro/ton FD northwest Europe and USD/ton CIF northwest Europe. Us ethylene closed at 33 005 cents/pound

II. Fundamental news

① spot market:

international oil prices have fallen sharply, petrochemical prices are stable, and the overall fluctuation of the spot market is small. Merchants mainly ship goods on the market, so it is relatively difficult to ship goods, and the downstream wait-and-see increases. Market expectations are widely divergent, and the market is relatively deadlocked, with ups and downs. The latest quotation of Yuyao plastic city is LLDPE yuan/ton, HDPE yuan/ton, LDPE yuan/ton, which meets the national standard of experimental motor gas

② dynamics of China Plastics spot Mall:

the listing of China Plastics spot mall LLDPE in the afternoon today was mixed, ranging from 400 points down to 400 points up

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume













opening today, the ex factory price of petrochemical was stable, but due to the sharp decline of crude oil and the sharp fall of a shares yesterday, market panic spread, LLDPE warehouse orders opened sharply lower, and the intraday price was boosted by the continuous plastic rise and A-share rebound, gradually stabilizing and rising, and the closing linear warehouse orders were mixed. LLDPE warehouse receipt index closed at 1144.76 points, down 9.86 points or 0.85% from the previous trading day, continuing to sell down. The K-line of the index closed at the short positive line and fell below the 5-day moving average downward. Supported by the 10 day line, the technical form is still relatively reassuring and short. In the same period, the moving average system maintained a long-term arrangement, but the KDJ index structure was dead cross, which deviated from the intraday trend. The MACD index double line continued to rise, maintaining a long market. The opening of the BOL line continued to enlarge, and the price line intersected with the China Railway. The trading atmosphere was good today, with a small reduction in transactions. The trading volume was reported as 143 batches and the order volume was reported as 364 batches

IV. aftermarket forecast

petrochemical price adjustment has come to an end, and crude oil is at a one month low. Although the rebound momentum within the range of the A-share daily spring testing machine is rapid, it does not cover yesterday's negative line space, and the technical form of the market is not optimistic. In the short term, due to the relative dispersion of spot support and market expectations, the decline of linear warehouse receipts may not be smooth enough, but there is no good support point for the aftermarket, and a small amount of short space is built when the operation is high

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