PE Day Comment: Market demand continues to plumb the downstream plastic deserted
HC plastic mesh News: I. Summary of upstream raw material market
1. Crude oil: New York Mercantile Exchange (NYMEX) crude oil futures prices fell Monday for the second consecutive day, down nearly 2% to below 80 U.S. dollars a barrel, the dollar strengthened and concern Economy Recovery and China's tightening of credit could curb its economic growth. The euro was weaker dollar, because of the Greek Financial Relief is not progress. U.S. dollar strengthened against a basket of currencies. U.S. stocks ended lower on concerns the Chinese government may tighten credit, so that the global economic slowdown, and investors await the U.S. financial regulatory reform bill details released. NYMEX-4-month crude oil futures fell 1.44 U.S. dollars CLJ0 settlement price, or 1.77%, to 79.80 U.S. dollars a barrel for the March 2nd lowest close since. Today, intraday trading range between 79.13-81.31 U.S. dollars, the former is the lowest since March 2 price. London, April Brent crude futures settled down LCOJ0 1.50, or 1.9%, to 77.89 U.S. dollars a barrel for the March 1 lowest close since, after trading between 77.27-79.53 U.S. dollars, the former in March 2, the lowest since. April Brent crude oil contract expired Tuesday.
2. Ethylene: March 15 closing price of the Asian ethylene market
Petrochemical auction last week 3 at the end of shipment of 5,000 tons of ethylene spot, Sunday closing, because people For more detailed results Monday showed stagnant Asian ethylene market transactions. A trader in Japan were the standard, because the two side is in the details to discuss price. Ethylene prices in Asia and the U.S. leader in Europe, hovering at 1,426 U.S. dollars / tonne FD U.S. Gulf, while ethylene prices CIF Northwest Europe in 1105 U.S. dollars / ton. However, resistance to U.S. shipping, etc., Rabigh cargo is difficult to access local and most likely shipped to Asia. Because of this, the end-user decide to maintain their bids, looking for more cargo to Hong Kong after Saudi Arabia, prices further down. Increasingly tight supply of the Asian manufacturers, traders decided to wait and see. According to some claims, ethylene cracker with LPG in Asia is likely to lead to production cuts naphtha cracker runs ethylene. No transactions today quoted.
II and psychological analysis of market trading around the
3 17 around the market continues to slightly lower, the market talk deserted, traders shipped poor, market transactions in the doldrums, many lower-see attitude, receiving goods intention is not high, some early pick-up businesses have quilt, throw intention goods higher, lower interest downstream cheap pick-up, North China market continues downward, subject to a substantial reduction in the high-pressure effects in North China Petrochemical market linear, high-pressure sales, weak market sentiment in East China, market prices fell, trading providers offer lower, but the general shipping, general market transactions in southern China, high-pressure market continued lower market transactions difficult, intense atmosphere of the market bearish.
Three factors influence the market
1, positive factors
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