A brief comment on the PP market of China Plastics

  • Detail

On September 16, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index fell 2.87 points to 955.64 points, and China Plastics warehouse receipt index fell 3.75 points to 906.74 points

I. upstream review

on Tuesday (September 15), the settlement price of West Texas light oil futures in October on the New York Mercantile Exchange was $70.93 per barrel, up $2.07 from the previous trading day when the control of the experimental process was realized through the automatic control of single chip microcomputer, and the trading range was 68 19 dollars; The settlement price of October Brent crude oil futures on the London Intercontinental Exchange was $67.35 a barrel, down $0.09 from the previous trading day, with a trading range of 66 93 dollars

Far East propylene closed flat in USD/ton FOB South Korea on Tuesday. European propylene closed at euro/ton FD northwest Europe and euro/ton CIF northwest Europe, with a stable trend. Us propylene closed at 51 25 cents/pound, up 1 cent/pound

II. Fundamental news

① spot market:

pp market is still not improving, the quotation continues to consolidate, and some parts fall slightly. The oil price soared, but the demand was sluggish and the source of goods digested slowly. Merchants are pessimistic about the future market, and actively ship Rockwell hardness tester weight (kg): 80, and the bottom reading psychology is weakened. The latest mainstream quotation of domestic wire drawing/injection plastic in Yuyao plastic city is yuan/ton, the mainstream quotation of domestic copolymer is yuan/ton, and the mainstream quotation of monofilament powder is 9700 yuan/ton

② dynamics of China Plastics spot Mall:

the listing of PP in China Plastics spot mall was generally stable at noon today, and the quotation of a few brands was adjusted, mainly between yuan/ton, while the adjustment range of the other three brands was relatively large, with an increase of 450 yuan/ton, a decrease of 550 yuan/ton and 1500 yuan/ton respectively

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume






the Environmental Resources Department of the national development and Reform Commission said on February 16 that "plastic restriction order" has been issued since June 1, 2008."The official implementation of








today's opening, PP warehouse receipts open high and go high, The early market peaked and fell below yesterday's closing price. Since then, the market continued to decline slowly, and the index gradually fell. At 11:30 a.m., the transaction ended, and the PP warehouse receipt index fell 4.11 points to 1047.14 points. In the afternoon opening, the market did not change much, and continued to consolidate sideways, with a very small amplitude, ending slightly lower in the late afternoon. The final PP warehouse receipt closed at 1047.14 points, down 4.11 points or 0.39% from the previous trading day. The K-line of the index closed at the short negative line and operated below each moving average. The MACD index fell on both lines, and the green column increased. The KDJ index continued to fall after building a fork. It operated in the oversold area. The opening of the BOL line was significantly narrowed, and the price line was slightly moved down. Today's trading volume was poor, with 1382 batches of trading volume and 4242 batches of ordering volume

the main variety pp0911 opened slightly higher, and soon the market turned up to fall. The quotation kept falling in the oscillation, and the long and short sides fought fiercely. In the afternoon opening, the warehouse receipts gradually stabilized, and closed down slightly in the late afternoon. At the end of the day, pp0911 closed at 9466 yuan/ton, down 41 yuan/ton, and the daily K line closed at a short negative line

IV. future forecast

in terms of spot goods, the oil price soared, the monomer stabilized, unloaded and repeated re calibration, but the market participants' lack of confidence exacerbated the pessimism. The expansion of upstream capacity is in sharp contrast to the downturn of downstream demand. In the absence of substantial good news, the later market may enter a new round of adjustment. In terms of warehouse receipts, PP warehouse receipts rose and fell today. After the market fell below yesterday's closing price, it fell slowly, and the trend stabilized in the afternoon. It is expected that the market will continue to consolidate in the later period

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

Copyright © 2011 JIN SHI