LLDPE continue to walk down the upstream soft-LLDPE, vinyl - HC Network plastics industry

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HC plastic mesh hearing: first, Market Summary
Oil prices continue to decline, following lower prices of naphtha, ethylene prices in Asia fell by the turn up, and petrochemical factories today, not adjusted ex-factory price, PE offer stable and lower spot market trading in the atmosphere continue to dim.

Second, fundamental analysis 1. As the euro zone and the debt crisis escalation of violence in Greece, the dollar rose against the euro significantly, the U.S. crude oil inventories are also expected to form a super-suppression. 5, New York's main crude oil (80.17,0.20,0.25%) futures contract plunged a second day and closed the first time since mid-March fell below USD 80 / barrel of important juncture. Early oil prices have more weight or 4.3%, yesterday, oil prices closed down 4%.

2. Wednesday both Asian ethylene market lower, CFR Northeast Asia, the price to close at 1299.25-1301.25 USD / tonne, CFR Southeast Asia, the price to close at 1257.25-1259.25 dollars / ton, the price fell 11 U.S. dollars higher than the previous day. Sharp fall in oil prices, the Asian ethylene market quickly with the fall to discuss. Japanese and Korean markets are still trading as holidays because the atmosphere is relatively low. Material weakness in the upstream end where intent to purchase decreased.

3. This year, the Chinese demand for commodities is very strong, substantial additional resources to stimulate growth, together with the costs, both to promote strong growth in the market price. Experts expect the market this year, although the external environment in which more complex, but generally favorable view of the gradual increase in capital goods market is expected to remain stable and rapid development. But the experts also pointed out that the next stage of inflation pressure increased significantly, some of the supply of commodities likely to be the "bottleneck", a troubled two major problems of China's economic development, we must pay particular attention. Meanwhile, the international against China on the "trade war" escalated, many of its frequency and intensity of great means and breadth of content, rare in recent years, this should lead to special vigilance.

4. According to customs statistics, in March 2010 imports of 72,393.222 tons of ethylene, the month the amount of 95,490,100 dollars in the month the average price of imports to 1319.05 dollars / ton, compared with the year-ago volume reduction of 18.40%. March 2010 exports 3012 tons of ethylene, the amount of the 11,400 dollars that month, the month the average price is 3768.59 U.S. dollars export / ton, compared with the year-ago increase of 1778.69% volume.

5. Petrochemical factory price, the week Qilu Petrochemical, Daqing Petrochemical, Jilin Petrochemical, Yangzi Petrochemical, Shanghai Secco and other ex-factory prices held steady yesterday, Guangzhou Petrochemical, Maoming Petrochemical up Guapai Jia 450 yuan / ton, the mainstream ex-factory price at 11,000 yuan / ton, and today the oil marketing companies to follow the price adjustment Northeast.

6. According to the Chinese Government Network 5 released "The State Council on further intensify its efforts to ensure the realization of" five "emission reduction targets of the informed," 14 China will further intensify its efforts to ensure that " 11 5 "unit of GDP energy consumption by about 20% of the target. Third, the market price

Slightly softer spot market price, in the range of 50-100 yuan / ton, lower plants and brokers inquiry can still, but then set the intention is not high, the international crude oil and ethylene offer both lower pressure on the market has some strength, traders shipping is still mainly limited transactions, the market outlook is not optimistic.

South China market: the market impact of international crude oil lower, weaker trading atmosphere, downstream factories and traders who are mostly staying on the sidelines, receiving interest is not high, there is an active shipping business inventories. Linear mainstream price 11000-11100 yuan / ton, Dushanzi 7042 at 11,000 yuan / ton, reported 11,100 yuan Maoming Petrochemical 7042 / ton, Guangzhou Petrochemical 7042 tax included 11,100 yuan / ton, Saudi 218W reportedly 11,200 yuan / ton, 2426H in 12000-12200 yuan / ton, 9455F in 10000-10300 yuan / ton.

Article Source: http://depositarticles.com/

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