The hottest plastic futures increase global econom

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Plastic Futures: uncertainties in the global economy have increased

Plastic futures in September showed a wide range of oscillation as a whole. In the first half of the month, the futures market reflected in advance that the spot price of petrochemical fell, and the high price fell. In the second half of the month, although the spot price fell continuously, the futures market chose to rise again

uncertainties in the global economy increase

in September, most of the data released by the world's major environmental friendly, non-toxic and odorless economy preferred, but there were signs of slowing down. At present, the focus of the market is the US Treasury ceiling, and the US Treasury Secretary urged 3 There is contact between the toothed rod pressing plate and the toothed rod. Congress will raise the debt ceiling before top note. The Ministry of Finance expects that the temporary response measures taken to delay the federal government's debt limit from breaking the statutory ceiling will be unsustainable on October 17. According to the latest prediction of the Ministry of finance, the unconventional measures taken to avoid debt default can only be maintained until October 17, when the Ministry of finance will only have about $30billion in funds, which is difficult to maintain the normal operation of the federal government, because the federal government's daily net expenditure will be as much as $60billion. In addition, the US government debt ceiling will also expire in October, and investors should wait for the outcome of the debt ceiling negotiations. On the whole, there are more macroeconomic data, but the reduction of QE and the U.S. debt ceiling negotiations are the biggest uncertain negative factors

crude oil entered the off-season of consumption

after late September, the political situation in Syria, Libya, Iran and other countries reversed, the geographical premium in the crude oil futures price fell, and the market attention refocused on the fundamentals of supply and demand. At present, the crude oil market is entering a stage of declining demand and weakening supply side influence. The peak driving season in the United States, the world's largest crude oil consumer, starts at the end of May and ends at the beginning of September. Gasoline consumption in the United States has fallen from the highest of 9.3 million barrels per day this summer to the current 8.6 million barrels per day, and will continue to decline in the later period. Global refineries have responded positively to the decline in refined oil consumption. At the beginning of August, the capacity of refineries in operation worldwide totaled 94.2 million barrels per day, the highest value over the years, and then gradually declined. By mid September, the capacity of refineries in operation had fallen to 92.8 million barrels per day. In addition, the oil production of Libya, Nigeria and Iraq is recovering, which puts heavy pressure on the international crude oil price. In short, although there is macroeconomic support, with the entry of the consumption off-season, the international crude oil price is likely to show a weak pattern of oscillation

sluggish end consumer demand

tight supply has led to high ethylene prices in Asia. On September 25, CFR Northeast Asia closed at $1360/ton, with a weekly average price of $1339/ton, up $60/ton or 4.69% from the previous week, and CFR Southeast Asia closed at $1440/ton, up $60/ton or 4.37% from the previous week. There is a large gap between the intentions of buyers and sellers in the Northeast Asian market. Due to the tight supply in the floor, the offer of the goods holding merchants persists at $1400/ton, but the buyer's offer is still around $1300/ton, and there is no transaction news. The market atmosphere in Southeast Asia is gloomy, and end users are difficult to digest the high priced raw material ethylene, and there have been few transactions recently

after the Mid Autumn Festival, agricultural film orders increased significantly, and downstream factories still dominated by production orders. This week, the operating rate in North China and surrounding areas increased to 70% and 80%, while the operating rate in Northwest China was relatively low. Most factories in Xinjiang intend to start construction in mid October or early November, while factories in other regions remained at 40% and 60%. In October, the peak production season of the factory is coming. Due to the low raw material inventory of downstream factories, downstream manufacturers intend to wait for the opportunity to replenish. However, the mentality of the raw material market is unstable, the merchants sell at a profit, and the offer of the raw material spot market has declined slightly in recent days, resulting in the downstream factories being more cautious in receiving orders, and most of them are ready to use

gb/t 5280 (2) 002 rib PE inventory for self tapping screws decreased first and then increased

pe had a large number of warehousing and delivery in mid September. Recently, driven by the price reduction of petrochemicals, merchants have been more active in de stocking, and the overall social inventory has been reduced to a certain extent. However, during the national day, the production equipment operates normally, resources accumulate during the festival, and the social inventory will increase to a certain extent after the festival

the warehouse receipt of the exchange is at a low level. In mid September, because the spot price was significantly lower than the futures price, Dr. l1deakin said that this was equivalent to a 1000 times increase in the contract price of production factors 309, resulting in a strong willingness of the seller to deliver, which had reached more than 15000 hands at the time of delivery. As of September 27, LLDPE registered 4019 warehouse receipts

late market outlook

entering October, although the Federal Reserve said in September that it would maintain the quantitative easing policy unchanged, the subsequent statements of individual officials still made the market worried about the future trend of QE policy in the United States. At the same time, the financial crisis in the United States has not been finalized, and the market risk aversion has heated up. In addition, the Third Plenary Session of the CPC Central Committee is about to be held, and whether the state can introduce relevant policies is also worth market speculation. It is expected that the PE market will maintain the rebound short selling strategy, and the pressure level above the main contract is 11300

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