High Oil Prices Weaken Plastics Warehouse Receipts With The Oil Oscillation Adjustment (10.26-30) -

Trend of international crude oil HC plastic mesh The movement of commodities closely related to the U.S

. dollar, U.S. dollar since last week hit a 14-month low of 74.94 points, after oil prices briefly rose to around 82 U.S. dollars, but the rally was not a smooth road, new houses in the United States Sell Data in September fell 7.8% in the bad premise, investors Economy Outlook raised concerns once again, boosting the dollar index rebounded from the lows and even the sun out of a four-market, while international crude oil futures prices fell from the top 80, and strong oscillations in the market staged this weekend. Dow's movements the same crude oil investors are closely watched by the third quarter GDP data and the housing market combined effects of bad data, the Dow this week also is expected to swing between the ups and downs, on top of straight weekly fall since the million , Thursday rebounded strongly, with almost the same trend for crude oil market and the stock market correlation between the increase again. Inventories, EIA weekly data reflects last week's total commercial oil inventories decreased 160 million barrels in the same period the mean level of high. The news is abbreviated to oil pressure.

This week, A-share market continues to demonstrate an overall downward adjustment in investors in 3000 engaged in a fierce battle near, and no copy of the setback in the market in late September, which makes plastic the city was controlled panic, Moreover, one or two up the trend of crude oil has to be some support plastic city, so this week, even though both plastic and depository receipts market correction, but the adjustment and the intensity of more moderate, and investor expectations scattered, some in positions steady state, while the spot market in the petrochemical succession of action for the time being to maintain a steady hike was up the situation, calling up calling off the sound business and recent shipments of psychology is not strong, plain traded cautiously behind both long and short game.

Spot, the week PP Underperformed the market PE Market, the basic order and stability based petrochemical market price after the end of show pricing stalemate, needs plain facts dispelled speculation business enthusiasm, but the phenomenon of low-cost shipping little, although concerned that the higher the market outlook, the cost of supporting the effects are still obvious. As of the weekend, drawing the mainstream market in the 9700-9800 East China yuan / ton; low melting copolymer prices in 10300-10400 yuan / ton range. PE market has stabilized this week, up, up at the end of the pricing measures such as petrochemical, driven, PE market is a good situation, an atmosphere of speculation in some areas darker, brokers then set a positive price gains have ranged from 200-500, but the high transaction difficulty , beginning Thursday, as crude oil futures rose fluctuations, significantly increased the enthusiasm of businessmen shipping, prices decline slightly, lower factory pick-up waiting to see little darker. As of the weekend, East China market LLDPE Mainstream price of 10,700 yuan / ton, LDPE in 11100-11200 yuan / ton.

by: gaga

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