subject: Lldpe Prices Weak Demand For Flat [print this page] HC plastic mesh hearing: first, Market Summary
The second trading day after the Labor Day, oil prices down, down slightly naphtha, ethylene prices in Asia continues to hold, in the recovery of oil marketing companies listed on the Northeast sales, spot market prices stable ahead, volatility is not, General trading.
Second, fundamental analysis 1. New York Mercantile Exchange in June, light sweet crude for delivery plunged 3.45 U.S. dollars from 4 to close at 82.74 U.S. dollars a barrel, down 4%. London, June Brent crude futures fell 3.27 U.S. dollars to close at 85.67 U.S. dollars a barrel, down 3.7%.
2. Tues Asian ethylene market stability, CFR Northeast Asia, the price to close at 1300.25-1302.25 USD / tonne, CFR Southeast Asia, the price to close at 1230.25-1232.25 USD / tonne, prices were flat with the previous day. Following ethylene prices fell yesterday after the United States, the United States and Asia arbitrage window between the last turn. Wednesday at 41.75 cents U.S. ethylene price / lb (920 U.S. dollars / ton), the relative prices slipped Tuesday. If you include the United States to Asia, 350 U.S. dollars / tons of freight, cargo arrived at the U.S. base price for the Asian market CFR about 1270 U.S. dollars / ton. The Northeast Asian market, source of supply, buyers began looking for other parts of the spot. Japan and Taiwan by the impact of unexpected cash stopping device relative shortage of supplies. But the market is no respect of the United States to Asia offer heard.
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. As Nigeria and Saudi Arabia in April to increase oil production, Petroleum Exporting Countries (Opec) oil supply increase in April. Reuters recently on the oil companies, OPEC officials and industry analysts the results of a survey conducted showed that output from the OPEC quota by 11 member countries (excluding Iraq) in April of oil output from the March revised 2678 million barrels per the 2688 million barrels, an average increase of 10 million barrels per day. Reuters survey also showed that the oil price rise since the beginning of 2009 has almost doubled to 85 dollars a barrel, oil prices continued to rise to encourage OPEC to produce more oil, OPEC members to complete cut in April goal increased from 54% in March fell to 51%.
III Market
Spot market quotations basically unchanged yesterday, trading in the atmosphere is not warm, lower plants and more than watching the main broker.
