A brief comment on the PP market of China Plastics

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On October 9, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index rose 12.45 points to 941.14 points, and China Plastics warehouse receipt index rose 19.9 points. Extruded polystyrene board is also a material that integrates waterproof and thermal insulation. 5 points to 902.08 points

I. upstream review

on Thursday (October 8), the settlement price of West Texas light oil futures in November on the New York Mercantile Exchange was $71.69 a barrel, up $2.12 from the previous trading day, with a trading range of 69 55 dollars; The November futures settlement price of Brent crude oil on the London Intercontinental Exchange was $69.77 a barrel, up $2.57 from the previous trading day, with a trading range of 67 49 dollars

Far East propylene closed at USD/ton FOB South Korea on Thursday, up 6 USD/ton. European propylene closed at euro/ton FD northwest Europe (down 5 euros/ton) and euro/ton CIF northwest Europe (down 5 euros/ton). Propylene in the United States received 37 about the power offer of care experiment 755 cents/pound, down 2.62 cents

II. Fundamental news

① spot market:

pp market, driven by the rise of oil prices and futures, the market has recovered. The overall atmosphere of the market was slightly light, with few offers from merchants, mainly on the sidelines, and the overall transaction was dismal. 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:

in this morning, the listing of PP in China Plastics spot mall is generally stable, and the quotation of a few brands has been adjusted, mainly rising, with a range of yuan/ton. There are two brands with large adjustment ranges, rising by 620 yuan/ton and declining by 400 yuan/ton respectively

③ inventory dynamics:

as of September 30, 2009, the total inventory in the main domestic PP and PE markets remained stable, with an increase of 0.88% compared with August 31 and a decrease of 0.17% compared with the middle of this month. Among them, PP inventory decreased slightly, with a decrease of 1.03% from the end of last month and 3.14% from the middle of this month. PE inventory increased slightly, with an increase of 1.37% from the end of last month and 0.61% from the middle of this month. In terms of region, the inventory in the South increased moderately, which was more satisfying than the experimental force. The growth rate was 2.17% at the end of last month, 1.22% higher than that in the middle of this month, while the inventory in the North decreased moderately, 2.28% lower than that at the end of last month, and 3.55% lower than that in the middle of this month

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume






17 is also the basis for resolving excess capacity 27







today's opening, PP warehouse receipts opened significantly higher, the index rose rapidly, and the rise was not bad. After 9:30, the market peaked and fell back, but the rate of decline was slow. By 11:30 a.m., the trading ended, and the PP warehouse receipt index was up 24.85 points to 1044.12 points. In the afternoon opening, the market continued to oscillate and decline, and the rise narrowed, but it still closed up sharply in the late afternoon. The final PP warehouse receipt closed at 1042.75 points, up 23.49 points or 2.30% from the previous trading day. On the index day, the K-line closed the cross line, the physical center of gravity moved up significantly, the MACD index crossed the double line, the red column appeared, the KDJ index rose sharply, the opening of the BOL line changed little, and the price broken line approached the upward track. Today's trading volume is average, with 1888 batches of trading volume and 4028 batches of ordering volume

the main variety pp0912 opened higher and went higher, with a slight oscillation and a slight downward trend. In the afternoon opening, the quotation was slightly reduced, and the late trading ended sharply higher. At the end of the session, pp0912 closed at 9400 yuan/ton, up 151 yuan/ton, and the daily K line closed at the tombstone line

IV. future forecast

benefiting from the rise of petrochemicals and the trend of peripheral bulk commodities before the holiday, the plastic market rose sharply today, and even the plastic and warehouse single reflex broke through the key point. The market long expectation is enhanced, and the short-term outlook continues to be high

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