Hottest October 26th, 2009 China Plastics warehous

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On October 26, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index rose 1.01 points to 973.71 points, and China Plastics warehouse receipt index fell 0.67 points to 935.85 points

I. upstream Review

Zhou said the amount of such resistance is called viscosity V (October 23). The settlement price of West Texas light oil futures on the New York Mercantile Exchange in December was $80.5 a barrel, down $0.69 from the previous trading day, with a trading range of 79 $78; The settlement price of December Brent crude oil futures on the London Intercontinental Exchange was $78.92 a barrel, down $0.59 from the previous trading day, with a trading range of 78 15 dollars

Far East propylene closed at $1/ton FOB South Korea on Friday, down $1/ton. European propylene closed at euro/ton FD northwest Europe and euro/ton CIF northwest Europe, with a stable trend. The closing price of propylene in the United States was 21. The experiment set the time for automatic shutdown, the experiment set the deformation for automatic shutdown, and the experiment set the load for automatic shutdown 41 00 cents/pound, up 0.375 cents

II. Fundamental news

① spot market:

pp the market atmosphere is mild, and the market continues to stabilize. The market resources are acceptable, the mentality of the merchants is general, the operation is mainly based on the market, and there is no good expectation for the future market. Some traders are reluctant to sell the varieties in shortage of resources, and most of them are unwilling to sell at a low price. Downstream factories maintained the status of cash purchase, and the overall performance was tepid. According to the latest quotation of Yuyao plastic city, the mainstream quotation of domestic copolymers is yuan/ton, and the mainstream quotation of imported copolymers is yuan/ton

② dynamics of China Plastics spot Mall:

the listing of PP in China Plastics spot mall today afternoon, the quotation of some brands has been adjusted, mainly rising, with a range of yuan/ton. The adjustment range of the other two brands is relatively large, with a decrease of 1200 yuan/ton respectively. Our goal is to obtain 6 times the thermal conductivity of resin trees and an increase of 1800 yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume













today's opening, PP warehouse orders opened sharply higher, the early market fell rapidly, fell to about 1078.5 points and began to rise in pieces. At 11:30 a.m., the trading ended, and the PP warehouse receipt index fell 1.80 points to 1079.50 points. In the afternoon opening, the market continued to rise slowly and ended down slightly. The final PP warehouse receipt closed at 1079.92 points, down 1.39 points or 0.13% from the previous trading day. On the index day, the K line closed at the short negative line, the physical center of gravity moved up slightly, the MACD index continued to rise, the red column remained stable, the KDJ index deviated from the trend, the opening of the BOL line contracted slightly, and the price line was slightly broken. 9. The oil cup of the reverse zigzag experiment and the places with relative lubrication should often be rubbed up. Today's trading volume was poor, with the trading volume of 1121 batches and the order volume of 4736 batches

the main variety pp1001 opened slightly higher, and soon the market oscillated and fell, with a small decline. Since then, the long and short sides fought fiercely, the quotation saw frequently, and the ups and downs alternated with each other. In the afternoon opening, the market trend stabilized and maintained a slight upward trend. At the end of the day, it suddenly fell and closed down slightly. At the end of the session, pp1001 closed at 9855 yuan/ton, down 16 yuan/ton, and the daily K-line closed at a short negative line

IV. future market forecast

in terms of spot goods, the continuous rise of upstream prices has brought endless confidence to the market, and most market people are full of expectations for the future market. Under the current good situation, the PP spot market is expected to continue to impact upward, but the shrinking demand is difficult to improve in the short term. In terms of warehouse receipts, PP warehouse receipts have been adjusted today, and the volume can shrink seriously. Although Liansu has increased to a certain extent, the double volume has not been coordinated. Investors' bullish confidence is not strong, and future market expectations are relatively scattered. It is recommended to wait and see in the short term

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