subject: Price Hike Was Up The Linear Low Pressure Pe-pe, Oil - Plastics Industry - China Tdm Over Ethernet [print this page] HC plastic mesh News: First, the market review
Monday the importance of the United States did not release any Economy Reports, investor focus remains the overall market trend, particularly the U.S. dollar exchange rate changes. Euro Group Chairman of the debt problems of Greece has made positive remarks on the foreign exchange market worries dissipated, the dollar fell back, with the United States health care bill through the significant growth in the confidence of Wall Street, major indexes rose across the board, New York, to follow the stock market higher crude oil, heavy on the 81 U.S. dollars . Price rose in Asia after the steady ethylene, reported in 1150 U.S. dollars / ton in the vicinity; naphtha prices fall, the fall of 80 U.S. dollars / barrel line, the domestic Plastic The overall situation was stabilizing material rebound, some petrochemical manufacturers and linear low yesterday raised Guapai Jia, trading on the market play a stimulus to market rebounded slightly.
Second, fundamental analysis 1. MIIT day in Beijing issued "China's industrial economic operation in spring 2010 report" about the main targets for this year's industrial development, reiterated the size of the industrial added value grew more than 11%. It is noteworthy that, in the first two monthly wage value added grew by 20.7%.
2. International Monetary Fund (IMF) First Deputy Managing Director John Lipsky said the developed economies when dealing with high public debt, face serious challenges, out of the existing incentives will not close the deficit regression prudent level. Lipsky's speech at the China Development Forum, said all the G7 countries, except Canada and Germany, to the 2014 ratio of debt to GDP will be close to or over 100%. 2010, the average rate in developed countries is expected to reach 1950 levels. Some emerging market countries, the debt ratio has reached alarming levels.
3.3 19 report from China Oil And Chemical Industry Association's data show that, at present, China has formed a 13 million-ton oil refining bases, domestic refining capacity of 1,000 tons / year of crude oil processing capacity of the refinery, has accounted for nearly 50% of processing capacity. After a series of restructuring and mergers, China's petrochemical industry has been expanding number of strong, industry concentration has been greatly improved. Up to now, China has formed a Yanshan, Shanghai, Yangtze, Lu, Maoming Ethylene bases such as 5 megaton. In the 13 million-ton oil refining bases, there are two companies more than 2,000 tons of refining capacity. As the petrochemical industry giant, Sinopec Group and China National Petroleum Corporation has become the world's top 20 large enterprise groups, corporate technological strength in the world, these two groups largely dominated by China Petrochemical industry future.
4. Ministry of Finance Wang Jun, vice minister of China Development Forum yesterday, said the current policy of withdrawal should not be lightly stimulating, but it should be actively engaging in the study. The withdrawal of stimulus in China under the world and China will choose the decision-making situation, a smooth exit, a "soft landing." Wang Jun said that in recent years, the Chinese government's ability to cope with economic fluctuations become stronger, more skilled movements to control the economy. So, out of our economic policy will stimulate the world and according to actual situation in China to choose the choice and smooth out the final economic "soft landing." He noted that out of the policy choice, there are many techniques to deal with. Example is the first out of fiscal policy, monetary policy or the first exit; fiscal policy what the first exit, then exit the what, how kind of monetary policy also requires coordination and cooperation; monetary policy, what the first exit, exit what, and the need how fiscal policy coordination and cooperation and so kind. "This is not decision-making, but also artistically to operate."
5. Ethylene, the March 22 ethylene steady in Asia, CFR Northeast Asia reported 1150.5-1152.5 U.S. dollars / ton, CFR South East Asia reported 1139.5-1141.5 U.S. dollars / ton. Spot, the Daqing Petrochemical, Jilin Petrochemical, Qilu Petrochemical and other maintenance LLDPE Guapai Jia unchanged, Guangzhou Petrochemical, Maoming Petrochemical yesterday raised Guapai Jia 100 yuan / ton. Daqing Petrochemical, Lanzhou Petrochemical, etc. LDPE Guapai Jia up.
