The hottest November 12, 2009 China Plastics wareh

On November 12, 2009, China Plastics warehouse receipt PP market brief comment

accelerate the convergence of talents. China Plastics price index rose 8.63 points to 987.39 points, and the nine production lines in charge of the former section chief of China plastics were almost in full load operation. The warehouse receipt index Rose 12.05 points to 944.62 points

I. upstream review

on Wednesday (November 11), the settlement price of West Texas light oil futures in December on the New York Mercantile Exchange was $79.28 a barrel, up $0.23 from the previous trading day, with a trading range of 78 10 dollars; The settlement price of December Brent crude oil futures on the London Intercontinental Exchange was $77.95 a barrel, up $0.45 from the previous trading day, with a trading range of 77 $62

Far East propylene closed at USD/ton FOB South Korea on Wednesday, stabilizing. European propylene closed at euro/ton FD northwest Europe and euro/ton CIF northwest Europe, with a stable trend. Us propylene closed at 46 50 cents/pound, up 1 cent

II. Fundamental news

① spot market:

pp the market atmosphere is OK. Due to the successive price increases of Sinopec and PetroChina, the oil price is strong and rising, and there are not many resources in hand, the quotation of merchants is slightly higher. After a long-term consolidation of the market, the improvement of economic data and optimistic expectations for crude oil have weakened the worries of market participants about the future decline. The latest quotation of Yuyao plastic city, the mainstream of domestic copolymers is reported as yuan/ton, and the mainstream of imported copolymers is reported as yuan/ton

② dynamics of China Plastics spot Mall:

the listing of PP in China Plastics spot mall at noon today, the quotation of some brands has been adjusted, mainly rising, with a range of yuan/ton

III. technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

pp0912

9750

9915

9823

587

1506

pp1001

9890

10065

9971

1225

2450

opening today, PP warehouse receipts opened higher in the middle, the early market rose rapidly, and the rise gradually expanded. After 9:30, the market turned to a sideways consolidation state, and the index oscillated horizontally with little amplitude. By 11:30 a.m., the transaction ended, and the PP warehouse receipt index was up 10.15 points to 1085.40 points. In the afternoon opening, the warehouse receipts rose again, and the end of the day saw a sharp rise. The final PP warehouse receipt closed at 1089.07 points, up 1 point from the previous trading day. Xiaoant EQ1 is the first small pure electric vehicle based on the super lightweight technology platform of all aluminum space architecture + all composite outer panels, up 3.81 points, or 1.28%. On the index day, the K-line closed at the short positive line, forming an upward jump from the previous trading day, with an average of 5 days of rapid upward movement. The MACD index was double-line upward, the red column increased, the rise of the KDJ index slowed down, the opening of the BOL line was significantly enlarged, and the price break line intersected with the upper track. Today's trading volume was good, with 1955 batches of trading volume and 4691 batches of ordering volume

the main variety pp1001 opened high and went high. Soon, the market entered a horizontal consolidation pattern, and the rise and fall remained stable. The quotation rose sharply in the afternoon and closed up sharply in the late afternoon. At the end of the session, pp1001 closed at 1006, which was 5 yuan/ton without pressure, up 221 yuan/ton, and the daily K line closed at the long positive line

IV. future forecast

due to the second dip of the US dollar, bulk commodities have generally remained strong recently. Driven by the improvement of the peripheral financial markets, the plastic market has gradually established a rising trend, and bull confidence has been consolidated. Today, Liansu and PP warehouse receipt markets have increased, and the volume price relationship is in line with bullish expectations, which can continue to maintain long thinking

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