Spot observation: wait-and-see atmosphere strong spot price steady fine tuning

[Spot Observation] The general situation of the domestic plastic raw materials market today is as follows: As of 15:00 on March 8th, the China Plastics Price Index rose 0.25 points to 951.64 points, and the China Plastics Spot Index fell 0.16 points to 1140.33 points.

International oil prices rose on Wednesday, regaining some of the lost ground on Tuesday. Concerns that the Fed will implement a new round of quantitative easing, while at the same time raising the optimism surrounding Greece's successful implementation of its debt restructuring plan, the exchange rate of the euro against the US dollar has risen, which has inhibited the attractiveness of dollar-denominated commodities to investors. Wednesday (March 7) New York Mercantile Exchange West Texas Light Oil April 2012 ** Settlement price US$106.16 per barrel, up US$1.46 over the previous session; London Intercontinental Exchange Brent crude 2012 4 The monthly settlement price was US$124.12 per barrel, up by US$2.14 over the previous trading day.

First, the market price of PE in the PE market was steady and small, and trading was cautiously highlighted. Except for Sinopec East China raised its high-pressure price, most petrochemicals are shipped at a steady price. The quotation was relatively stable throughout the market. Some merchants tried to lower the offer by stimulating buying, and the linear high-end offer declined slightly. The downstream inquiry did not show any signs of improvement. The wait-and-see atmosphere was even stronger and the actual transaction focused on negotiation. Currently, LLDPE in North China is priced at RMB 10,300-10,500/tonne, East China LLDPE is priced at RMB 10,250-10,500/ton, and South China LLDPE is priced at RMB 10,250-10,400/ton.

At midday today, the spot price of LLDPE in the plastic spot mall was slightly upward, and the listing situation was significantly improved. The number of listings increased slightly. The mentality of traders has been adjusted. Some investors in the market are bullish. The wait-and-see atmosphere remains strong. The quotations are steadily increased. The trend of HDPE market is basically stable, the listing situation has improved somewhat earlier, and the number of listings has increased slightly. Traders are still more wait-and-see attitude. In terms of quotations, the stability is mainly based, and some minors.

Second, the PP market PP market price steady big move, the business offer stable slightly loose. In terms of downstream demand, the factory is highly resistant to the current high-priced goods, and is more likely to wait and see the market, resulting in a rare market turnover. In the latter period, without major stimulus news, the market demand was hard to increase, and the situation was affected by the poor demand. The market's concussion and consolidation will continue.

At midday today, the plastic spot market in the PP market was stable and slightly adjusted, the trend continued to stabilize earlier, the listing situation improved slightly, and the number of listings increased. The mentality of traders is stable, and the market outlook remains stable. Quotations are steady in some minors.

Third, PVC market PVC market trading is light, the overall wait-and-see atmosphere is strong. Downstream demand procurement, the transaction volume is difficult to increase, the market price continues to rise, lack of power, and now stand to wait and see, the cost of support, traders to allow profit space is limited, the market trading stalemate, the mainstream price fluctuations are limited.

At midday today, the performance of PVC spot market in the plastic spot mall was basically stable, the listing status was stable, and the traders’ mentality was more moderate, and the quotation was steady and small.

Fourth, the ABS market ABS market sentiment has been boosted, sweeping down the situation yesterday, the Yindong, East China market, the atmosphere is quiet, the price stabilizes, some businesses in South China market bullish mentality once again occupy the mainstream, quoted steady high or small, trading in general. Petrochemical manufacturers, most manufacturers offer steady, China Southern oil prices stabilize, 0215A out of library price 16,200 yuan / ton, 750A warehouse price 16,200 yuan / ton.

In the midday of today, the plastic spot market of ABS continued to maintain stability, and the trend was partially weak. The listing situation was stable and slightly improved, and the number of listings increased. The attitude of traders is slightly loosened, and the market is still waiting to see more sentiment. The quotations are mainly downscaled.

5. The PS market in the PS market continued to decline in its offer, with a drop of around RMB 100/ton. At present, there are disagreements among the merchants in the market, some merchants take strong intentions to take the goods, increase the supply of goods at a low level, and expand the space for negotiation; some merchants are still reluctant to sell and wait for further guidance. Downstream factories are used with the purchase, according to a single purchase.