A brief comment on the PP market of China Plastics

On June 5, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index rose 8.53 points to 943.85 points, and China Plastics warehouse receipt index rose 15.31 points to 916.58 points

I. review of the crude oil market

the settlement price of crude oil futures market hit a seven month high on Thursday, as Goldman Sachs Group expects that the recent rise in oil prices is only the beginning of a larger rise in the future. The settlement price of light sweet crude oil futures contract on the New York Mercantile Exchange (NYMEX) in July rose $2.69, or 4.1%, to $68.81 a barrel. The settlement price of Brent crude oil futures contract in July on ICE Futures Exchange rose $2.83, or 4.3%, to $68.71. Goldman Sachs predicts that the energy shortage situation may appear again. This expectation pushed the oil price to quickly recover the lost ground on Wednesday and push forward towards $70 a barrel again

II. Fundamental information

① spot market:

today's PP market quotation rose slightly. The sharp rise in crude oil made some businesses try to sell higher prices, but the transaction was difficult, and the actual transaction price was the same as yesterday. This morning, the inquiry atmosphere is good, but the actual demand has not been significantly improved. The talent is enough to make the technicians of the experimental machine more proficient in the operation of the experimental machine, and the wait-and-see mentality is still strong

② dynamics of China Plastics spot Mall:

the overall price of China Plastics spot Mall () PP rose and fell in the afternoon today, with an adjustment range of yuan/ton, of which three brands fell by 50 yuan/ton respectively

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

pp0906

9500

9400

9371

46

195

pp0907

9400

9414

125

410

pp0908

9400

9455

9457

1082

4170

pp0909

9410

9490

9493

377

1031

Price unit

yuan/ton

batch

data source: China Plastics information (www.l-zzz.c Kesi Chuang also uses polyurethane + carbon fiber as a composite material for car body OM)

today's opening PP warehouse orders opened higher, after the buyer's support was significantly higher in the early stage, it fluctuated upward, and then the disk became colder, the high level fluctuated slightly and went horizontally. At the end of the day, the PP warehouse orders closed at 1061.445 points, up 17.79 points or 1.71% from the previous trading day. The K-line of the index closed at the short positive line; The upward trend of the 5-day moving average continues to be sorted below the physical center of gravity; KDJ indicators continued to rise and entered overbought areas; The opening of the BOL line is enlarged, and the entities at the end of the market are on the track of the price line, and the price line is inclined upward. Today, the trading atmosphere in PP market is good, with a large increase in trading volume compared with the previous trading day, with a total transaction volume of 1644 batches, an increase of 330 compared with the previous trading day. During the "1035" period, biodegradable materials will usher in more development opportunities, with an order volume of 5835 batches, an increase of 235 batches compared with the previous trading day

the main variety pp0908 opened higher at 9400 yuan/ton. After rising in the early stage, the two sides faced off at a high level. The high level range fluctuated horizontally, and ended up at 9455 yuan/ton. The settlement price was 9457 yuan/ton, up 156 yuan/ton from the previous trading day

IV. future forecast

today, the market rose due to the sharp rise of crude oil, while on Thursday, the price fell due to the decline of crude oil. It can be seen that the trend of crude oil has become a key factor affecting the current market trend. Crude oil plays an obvious supporting role. The analysis predicts that the PP warehouse receipt market will continue to rise next week

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