A brief comment on the market of China Plastics wa

2022-08-16
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On April 27, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 1.72 points to 952.38 points, and China Plastics warehouse receipt index fell 6.93 points to 885.3 points

I. upstream review

on Friday, the settlement price of light and low sulfur crude oil futures contract in June on the New York Mercantile Exchange (NYMEX) rose $1.93 to $51.55 a barrel, the highest settlement price since April 9. The settlement price of June Brent crude oil futures contract on the London Intercontinental Exchange (ice) rose $1.56 to $51.67 a barrel

on Friday, Asian ethylene CFR closed at US dollars in Northeast Asia and US dollars in Southeast Asia, both of which closed down by US $6/ton. European ethylene closed in euro/ton FD northwest Europe and USD/ton CIF northwest Europe, with a stable trend. Us ethylene closed at 23 250 cents/pound, down 0.005 cents

II. Fundamental news

① external quotation:

International dollar

price

unit

Hong Kong dollar

price

unit

Far East CFR

dollar/ton

Saudi Arabia 218w

1190

dollar/ton

northwest Europe FD

.

euro/ton

Saudi 21hs

1185

this system can operate in sine wave, 3-angle wave, square wave, trapezoidal wave, oblique wave A variety of experiments are carried out under user-defined waveforms US dollar/ton

Houston Fas

US dollar/ton

Singapore 1002kw

1138 plastic extruder market capacity will be further expanded

US dollar/ton

Middle East FOB

US dollar/ton

Taiwan Formosa Plastics 3224

1190

US dollar/ton

time: April 24, 2009

data source: China Plastics information ()

② Petrochemical trends:

Guangzhou Petrochemical LLDPE plant production 7042 and 2001. The ex factory price of 7042/2001 is 9650 yuan/ton. The inventory is average, and now it is sold at a fixed price. The new granulation unit of Tianjin United LLDPE plant is faulty, and it is reported that it will take a long time to repair. At present, it is produced by the old granulation device, which is reported to affect 50% of the output of pellets, and the current output is 9020. Zhongyuan ethylene linear plant is converted to 9088, with an estimated output of 6000 tons. At present, 7050/9050k is listed for sale at 9650 yuan/ton, and the inventory level is high. Yangzi Petrochemical LLDPE plant produces 1802. Petrochemical inventory is general, and now it is sold at a fixed price. Jilin Petrochemical LLDPE plant produces 7042. The inventory level is average

③ spot market:

pe market trend is stable, and the market changes little. Businesses are more on the sidelines, and the transaction is in a stalemate. Although the supply is tight, the downstream factories are waiting for lower prices, and the operation intention is not strong. At present, the mainstream quotation of LLDPE market is about yuan/ton

III. The technical situation assumes that the pitch of the ball screw is a, and n pulses are required for the electromechanical experiment stepper to rotate for 1 cycle Whenever the ball screw advances or retreats by 1 pitch, the distance between adjustable ball gaps will increase or decrease A. when the stepper motor rotates for 1 cycle, the number of pulses required when the ball gap distance is d is n=nda

variety

opening price

closing price

settlement price

trading volume (batch)

order volume (batch)

ll0905

9110

9210

9185 ↓

4 ↑

121 in order to better realize man-machine running in in in the process of operation

ll0906

9110

9160

9183 ↓

56 ↑

131

ll0907

9200

6111

9177 ↓

32 ↓

78

ll0908

-

-

-

-

4

quotation unit: yuan/ton

data source: China Plastics information ()

this morning, LLDPE warehouse receipts continued the decline over the weekend and fell slightly at the opening. The index bottomed back, but the upward trend was blocked and fell into a narrow consolidation situation. At 11:30 a.m., the trading ended, and the index closed at 941.73 points, down 8.53 points in the mid session. Opening in the afternoon, the market continued its trend in the afternoon, with small fluctuations until the end of the day. The final LLDPE warehouse receipt closed at 941.02 points, down 9.24 points from the previous trading day. The K-line of the index closed lower than the negative line, falling below the short-term average. The KDJ index crossed and fell. The opening of the BOL line did not change much, and the price folded downward. Today's trading volume was average, with a sharp rise in trading volume and a slight decline in order volume

the main variety ll0906 opened low and rose. Since then, the market has been choppy and the quotation has gradually risen. In the afternoon opening, prices fell again, and ended sharply lower. At the end of the session, ll0906 closed at 9160 yuan/ton, down 152 yuan/ton, and the daily K line closed lower than the positive line

IV. future forecast

crude oil closed up and the market stabilized. Due to the lack of further positive incentives, the PE market is weak and under pressure. The purchase intention of downstream factories is not strong, and the transaction atmosphere is poor. Due to the continuous rise of petrochemical enterprises, the market price is close to the high point in the early stage, causing the downstream factories to fall into wait-and-see again. It is expected that the LLDPE warehouse receipt market will be dominated by weak consolidation 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

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