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Even oil market is facing the direction of warehouse receipts Yang upside plastic Select - warehous by wgverbv dfbdfb





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Even oil market is facing the direction of warehouse receipts Yang upside plastic Select - warehous by
Article Posted: 03/11/2011
Article Views: 208
Articles Written: 1361
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Even oil market is facing the direction of warehouse receipts Yang upside plastic Select - warehous


 
Business,Business News,Business Opportunities
Oil prices rose dramatically in HC plastic mesh Benefit from the inventory and demand increases unexpectedly big drop this week after a Monday after a short break with Yang upside, rose in midday trading break 73 U.S. dollars / barrel, set on Oct. 22, 2008 close of 72.68 U.S. dollars the highest since / barrel. The dollar index rebounded from last week's low of 78.34, the gains are not smooth, this week, taking the June 2 increase since most of the U.S. that can hold the low before the impact of the oil city should not be underestimated. IEA Thursday slightly raised its 2009 global Oil Demand expected for the first time in 10 months due to signs of economic activities, a moderate rebound. IEA in its monthly oil market report said the average daily global oil demand this year will be 8,330 million barrels, compared with May in the report is expected to rise by 12 million barrels. Previously, EIA forecast oil prices rise, now expected later this year, the average crude oil price of U.S. 67 dollars per barrel. Wednesday EIA report also said that as of June 5th week of crude oil imports fell 67.6 million barrels, resulting in reduction of 438 million barrels in crude stocks last week, fell more sharply than expected. This information leading to the surge in oil prices Wednesday.

6 second week, crude oil futures hit new high, China Petrochemical Group continues to raise two Sell Price, Plastic City, extended last week's gains, the current contract has risen even plastic linear wear RMB 10,000 yuan, while in the plastic range of warehouse receipts index also rose to the top finishing positions in a row on the 9th plastic stock index rose approaching 1000 points. Spot areas, PP Market price slowly climbing, petrochemical hike much, Dalian Daqing petrochemical and organic T30S celebration from last Friday to four-week price increases of 150 yuan / tonne, currently priced at 9,550 yuan / ton, merchants offer higher crude oil driven, braved dismal demand, the pressure of difficult high transaction difficulties, or general. Closing the weekend, drawing made in Yuyao in 9700-10300 yuan / ton, lower melting copolymer at 10,800 yuan / ton. PE market slow this week showed the overall upward trend, PetroChina East China South China LLDPE / LDPE twice a hike, LLDPE / LDPE part of the market penetration million / pass, HDPE As the prices have a relatively high price, the rate of increase is relatively small, lower prices, but pre-injection HDPE import prices have recovered to 9600 yuan / ton. As of the weekend, Yuyao mainstream market transaction price of LLDPE in the 9950-10280 yuan / ton, LDPE prices maintained at the highest point of the majority 10100-11500 yuan / ton. Warehouse receipts and even the plastic level, even the plastic main hesitation in this week up and stood on the million mark, but the late weekend diving, investors expected good, and the contract Liangnengbuzu, position levels. Depository receipts weekly soaring Wednesday after a narrow range correction, the market Liangnengweisu, order over the weekend to lighten up. As of the closing weekend, the plastic warehouse receipts index reported 916.58 points, up 59.26 points from last week at the end.

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