Hottest July 13, 2009 China Plastics warehouse rec

On July 13, 2009, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 6.92 points to 973.29 points, and China Plastics warehouse receipt index fell 11.98 points to 938.86 points

I. upstream review

on Friday (July 10), the settlement price of West Texas light oil futures in August on the New York Mercantile Exchange was $59.89 a barrel, down $0.52 from the previous trading day, with a trading range of 58 89 dollars; The August futures settlement price of Brent crude oil on the London Intercontinental Exchange was $60.52 a barrel, down $0.58 from the previous trading day, especially with insulation board, with a trading range of 59 44 dollars

on Friday, Asian ethylene closed at USD/ton CFR Northeast Asia (up $19) and USD/ton CFR Southeast Asia (up $19). European ethylene closed at euro/ton FD northwest Europe (up 20 euros) and dollar/ton CIF northwest Europe (down 5 dollars). Us B 2017 (2) the new installed capacity of renewable energy may reach 1150 GW, closing 18 750 cents/pound, down 1.13 cents

II. Fundamental news

① spot market:

pe market is mainly stable, international oil prices have fallen again, participants' confidence has been frustrated, and the quotations of individual brands have declined slightly. The market transaction atmosphere is poor, the inquiry is light, and the stalemate situation is obvious. Merchants operate cautiously and wait and see more to meet the work demand, but most traders believe that there is little room for decline, because the current raw material cost is high, and the supply of goods is relatively small, the only lack is the lack of demand

② dynamics of China Plastics spot Mall:

the listing price of LLDPE in China Plastics spot mall fell mainly in the afternoon today, with a decline of yuan/ton, and individual brands fell 700 yuan/ton

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 in recent two years