HC plastic mesh News: First, the market review Crude oil futures prices Tuesday
received under a long lead, which was stabilized the situation, the Asian ethylene offer steady, petrochemical manufacturers Guapai Jia smooth, slightly higher spot market quotations.
Second, fundamental analysis 1. New York time, at half past one p.m. on the 13 April (4 14 GMT 2:30), NYMEX5 month crude oil futures closed at 84.05 U.S. dollars a barrel, down 0.29 U.S. dollars, down 0.34%, day trading dollars in the 82.51-84.36 range. According to sources in New York on April 13, NYMEX crude oil futures fell Tuesday for a fifth day, because supply is growing anxiety over the continuing drag on demand.
2. Tues Asian ethylene market stability, CFR Northeast Asia, the price to close at 1254.25-1256.25 USD / MT, CFR Southeast Asia, the price to close at 1164.25-1166.25 USD / ton. Following the Monday after rising sharply yesterday, temporarily stabilizing the market. Some people said that as China's production will gradually increase, Japan's Mitsui Chemicals unit parking impact on the market strength or decreased. Zhenhai Refining & Chemical China area naphtha steam cracker 1 million tons plan will be put into operation in late April.
3. Petrochemical manufacturers, the Daqing Petrochemical, Jilin Petrochemical, Yangzi Petrochemical, Guangzhou Petrochemical, Maoming Petrochemical, Qilu Petrochemical, etc. to maintain the same ex-factory price, the mainstream ex-factory price at 11,300 yuan / ton.
4. Customs Department announced that China's January-March Plastic Products Exports up by 11.6% to 1,571,390 tons in the same period in primary forms Plastic Imports increased 20.1% year on year to 6.15 million tons. China's General Administration of Customs on April 10 released preliminary data show that in March 2010, China Plastic Products Exports of 524,600 tons from January to March total export volume of 1,571,390 tons, compared with 1,407,554 tons in the same period in 2009, up 11.6%. The data also show that in March 2010, imports of plastics in primary forms 244 million tons in January to March total import volume of 6.15 million tons, compared to 5.12 million tons over the same period in 2009 increased 20.1%.
5.2010 on April 9, the Chinese Ministry of Information Industry and Deputy Director Hou Shiguo industry policy, said the current Ministry of Industry and research are being coordinated with the provinces to determine as soon as possible and eliminate backward production capacity this year's plan is expected by the end of April out of task decomposition implemented in the provinces, and sub-sectors as soon as possible and eliminate backward production capacity to develop specific programs.
6. Credit data is expected to ease as expected market tightening expected in March the month of RMB loans increased by 510.7 billion yuan, up by 1.38 trillion yuan less. End Financial Institutions and foreign currency loans to 408,700,000,000 U.S. dollars, up 73.77%, quarter, foreign currency loans increased 29.2 billion U.S. dollars. Loans continued to decline means that regulators from the window guidance early in the gradually emerging effects of control measures, making efforts to further increase the need for tightening down.
III Market Spot market somewhat chaotic situation, merchants love the prices quoted steady increase in recent days, but some varieties of transactions is still small, and domestic materials have bargain hunting at lower levels of demand, the current shipping traders cautious reluctant sellers mentality evident, the overall supply of high pressure nervous traders limited shipments obvious.
South China market: market quotations slight correction, the main shipping business follow the market, the international crude oil rose slightly raised the price of certain brands, the market did not follow up by demand suppression, not the overall market turnover. Linear mainstream price 11200-11400 yuan / ton, Dushanzi 7042 at 11,200 yuan / ton, Maoming Petrochemical 7042 reported 11200-11350 yuan / ton, Guangzhou Petrochemical 7042 tax included 11,400 yuan / ton, Saudi 218W reportedly 11,500 yuan / t, 2426H in 12100-12200 yuan / ton, 9455F in 10100-10300 yuan / ton. I am an expert from China Agriculture Net, usually analyzes all kind of industries situation, such as silver wine stopper , clear plastic tumbler.
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