Yesterday L1305 impact high drop, the spot price wave has cooled is part of the reason, as you can see, the current market and return to rational.
Main contract L1305 flat open in 10300, all day long, high impact down to a minimum of 10280 to 10485, and the most high, but end dish to close at 10355, in the first two days of speculation, the market enthusiasm to continue after cooling. Volume increase to 750000 324000 hand hand, open reduction of the 21700 to 233000 hand hand.
Yesterday petrochemical factory price not high, and the spot price also stop Fried rise, but the absolute price remains high, if to spot the strong sustainable, in the future even plastic price support will still firm. As demand gradually released, even plastic in adjusted to continue upward can still period, the future focus spot can keep strong trend.
Macro economic
China, on the other hand, due to China's national bureau of statistics published December 9 November inflation data, etc. On December 6, the media released the results of the survey show that China's November CPI annual rate material will rise 2.1% to five months, while high PPI annual rate material will decline 2.0%, over the same period, the social total retail sales of consumer goods annual rate material will rise 14.6%.
The United States, the United States Treasury secretary cover Turner (Timothy Geither) on Wednesday (on December 5,, said in the republican on the solution of the problem of financial cliff negotiations slow, but the President Barack Obama (Barack Obama) under the leadership of the United States government is absolutely ready for republicans refused to increase wealth tax rate to solve financial problems cliff. In the Obama government fiscal cliff led problem solving negotiation cover Turner said, the progress made by republicans may be limited, if the republicans are willing to accept increase rate, believe that all parties can take action to really improve the U.S. economic recovery.
In Japan, the results of the survey show that Japanese manufacturers December slightly better confidence, for 2012 years since July first see, shows that the Japanese economy may have see an end, although the weak global demand continues to drag the country's business confidence. Specific data show that Japanese December Reuters short view manufacturing 'judgment index for - and, as expected - 4, the first value is - 19; December Reuters short view non-manufacturing 'judgment index + 5, for 2012 years for the first time since may appear to improve, expected to + 10, the former value is + 1.
In the euro area, the European central bank to maintain 0.75% of interest rates unchanged basic has become a foregone conclusion, but the European central bank monetary policy is a news conference is very worthy of attention. Due to the recent Greek aid the dust has settled, but later I'd like to discuss the details, the eurozone economy always weak, the European central bank to how to deal with, and in the later will have what measures, is the focus of attention. Any attitude changes are expected to a financial market fluctuations. Although the eurozone inflation pressures are fading, the economy is shrinking, but the central bank will not choose this time to provide further support for the economy.
Plastic spot in
Yesterday PE market price is the most stable, part linear offer back slightly. Morning LLDPE futures shock is going higher, petrochemical prices most stable, the businessman is balanced, most active shipment. The present market continue to digest gains, the high level downstream conflict apparent, more cautious wait-and-see, seek low clinchs a deal, the firm is not ideal.
Sinopec yangzi petrochemical east China LLDPE 7042 ex-factory price remain unchanged, for 11050 yuan/ton, Sinopec qilu petrochemical north China LLDPE 7042 remain unchanged, for 10900 yuan/ton, Sinopec south China LLDPE guangzhou petrochemical 7042 remain unchanged, for 10950 yuan/ton.
Market price without tax, overall stability, almost is no change, trading light affect the market price trend of the future.
The market price of tax, yuyao, qilu, guangzhou's average price of three tax temperature, but the overall is still in 11000 yuan/tons of mark above, average price for 11055 yuan/ton, the contract in recent months to spot the 140 yuan/tons of premium pattern, however forward L1305 still have 700 yuan/tons of the discount, the spot and futures discount is strong in a certain degree to the next four quarter that supply and demand pattern partial loose expected stronger.
Plastic upstream industry chain
The United States gasoline inventory leaps and employment status than expected, the euro exchange rate depreciation, international oil prices continue to be thwarted.
A trading day (December 5,) New York commodities futures exchange XiDeKeSaSi light oil in January 2013 futures settlement price $87.88 a barrel, than the previous trading day down 0.62 dollars, trading range 87.46 89.05 dollars; London intercontinental exchange brent crude oil in January 2013 futures settlement price of $108.81 a barrel, than the previous trading day down 1.03 dollars, trading range 108.65 110.57 dollars.
A trading day, naphtha basic price remained stable, fob Singapore for $102.27 / barrel; Japan cif for $934.74 / ton.
A trading day, for profit fuchsia Asia area part of the device drop negative parking, leading to supply source is tightened up, by this boost Wednesday Asian ethylene market continues to narrow agent on CFR, northeast Asia/southeast Asia were ended up 2 dollars/ton to 1164.5 - $1166.5 / ton and 1194.5 - $1196.5 / ton. Spot trading atmosphere lukewarm, weeks ocean cargo at a low price is hard to find, but spot substantive clinch a deal is still poor.
Summarize and forecast
Yesterday the spot price does not rise, spot still remain high, spot market outlook can go as high needs further observation. In the short term to spot the strong hold even plastic price, futures discount is larger in certain degree for futures resistance drop created conditions.
This operation: for the main L1305, if the stock continues to remain high, suggest investors to do much thinking treat, temporary don't try to short empty, it is recommended to 10260 yuan/ton, so do damage to spot the strong or will