Clear plastic upper support or have a rose – ethylene, PE-plastics industry – CRS-TESTER
HC plastic mesh : 14 Plastic A 60-day MA Changyang breakthrough pressure and close to the January decline in the trend line since the area. Contrary to the trend of most people expected. The mainstream view of the market still believes that Plastic Stock market will remain under pressure in the stagflation phase. However, with the upper reaches of naphtha and ethylene prices pulled up, and the steady rise of crude oil, plastic upper support re-appeared. At the same time as the north is the weather suddenly April snow, which should be slack in the plastic are subject to certain stimuli.
Crude oil has just completed several days of continuous adjustment of price, 14 U.S. Energy Information Administration data showed U.S. commercial crude oil inventories unexpectedly latest big drop, triggering re-ignite confidence in the market demand. U.S. Department of Energy's Energy Information Administration report released the same day last week, U.S. crude oil inventories fell by 220 million barrels, while analysts had expected inventories to increase by 160 million barrels, U.S. crude oil inventories is also a continuous increase in the first 10 weeks times less. In addition, gasoline inventories decreased by 110 million barrels, a decline greater than expected. In addition, China and the United States the issue of sanctions against Iran to reach some kind of compromise, may at any time become a hot spot market. Excitement of the Chinese way Economy Growing thirst for energy is continuing, as the world's second largest oil importer, every move can lead to market volatility, but Yilangqiaqia is one of the major crude oil imports. The latest Customs figures show China's import and export of crude oil in the first quarter, China's total crude oil imports 56.68 million tons, up 39%, combined 497 million barrels / day lower than in December 2009 just over 500 b / d record levels. The author believes that China is able to withstand higher oil prices, but the key is international speculators believe China has the ability to continue to increase crude oil imports and to whom to pay more money, China's continued surge Car Sales can also serve as an argument to support this viewpoint.
Upstream ethylene-related intelligence, the world's ethylene production capacity increased from 125 million tons in 2007 to 145 million tons in 2010, while in 2010 the world's ethylene production capacity will reach 17 million tons surplus. So from a long-term supply and demand relations, prices of ethylene and gradually weakening the mainstream. However, due to local supply and demand imbalance, as well as a large range of equipment maintenance and other circumstances exist, so vinyl is still room for price volatility. Since the ethylene from February to the end of March, Northeast Asia has continued decline of ethylene, is plastic all the way just to weaken the time interval. More recently, ethylene has bottomed in Northeast Asia, and had quite a jump. April 6, April 12, the two Northeast Asian ethylene has jumped 55 U.S. dollars per tonne, breaking the 1,200 dollars per tonne mark. Northeast Asian ethylene prices now stable at over 1250 U.S. dollars per ton. However, the continuity of ethylene, and can not determine the market rally, the Middle East source of cheap natural gas ethylene has a big cost advantage, long-term trend, to some extent in the repression of ethylene raw material prices. However, with crude oil prices continued to rise, the Middle East's ethylene plant will raise the export price of fame and wealth for the purpose of business is, do not miss the opportunity for more profits.
Plastic itself from the current pattern of supply and demand point of view, long-term speculation in the stock pressure to some extent still influence people's judgments. I personally think that after nearly two months after the Spring Festival consumption, inventory pressures will fade, long time to benefit. Moreover, the Chinese buy up the habit or the decision not to buy, and once the situation has improved, it is difficult to stop the rally.
The moment, the North has given the appearance of late spring plastic bull speculation opportunities. Late spring is the spring temperatures rise faster than in the late spring (usually in April or 5 months) lower temperatures than normal years, the weather phenomenon. Long cold rainy weather or frequent attacks, or under the control of continuous cold clear night with high intensity radiation cooling could easily lead to late spring. If the cold air, strong, can the temperature dropped to below 10 fierce, rain or snow, sometimes up to 10 days duration of two weeks. Often warm sunshine during the day, people have a "warm air Xunde visitors drunk" feeling, but Hanqixiren sooner or later, people become far more "chill." This makes it difficult to adapt to the "changeable" weather, late spring is usually referred to. Generally speaking, when the day average temperature for more than 2 lower than normal, there will be more severe in late spring. The cold air southward, the stronger the later, more wide temperature range, the greater the chance there late spring. Can be expected, the rays of meteorological disasters, a greater impact on agricultural production, and precisely in Plastic sheeting Consumption end of the periods, in the short term the market will certainly have some exciting, and very likely be a predisposing factor and variable. The newly released data with the plastic macroeconomic trends, cpi growth slowing, interest rates probably can expect a cool look.
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