Prices quoted market price of EADS were mixed LLDPE-LLDPE, vinyl – HC Network pl
HC plastic mesh News: First, the market review
High oil prices, a rebound in Asia after ethylene quote or some petrochemical manufacturers listed prices, higher spot market prices, general transactions.
Second, fundamental analysis 1. Entered the second day this week, the market data business inventories in the United States continue Monday before the publication of good Economy Data and a good boost to the employment market while prices continue to rise, closing the day hit a new 18-month high, approaching 87 dollars / barrel, to achieve the sixth consecutive trading days up. Session to 87.09 U.S. dollars on exploration, as in October 2008 the highest level.
2.6 on both the Asian ethylene markets closed up, CFR Northeast Asia, the price to close at 1204.25-1206.25 dollars / ton, compared with the previous day prices rise 55 U.S. dollars / ton; CFR price to close at 1131.25-1133.25 dollars / ton, previous day price of 10 dollars / ton.
3. Petrochemical manufacturers, the Daqing Petrochemical, Jilin Petrochemical, Yangzi Petrochemical and so began listing Sell , Guapai Jia increase in the previous period of 200-300 yuan / ton, Guangzhou Petrochemical, Maoming Petrochemical, Qilu Petrochemical and so maintain the ex-factory price unchanged, the main ex-factory price at 11,300 yuan / ton.
4. PBOC deputy governor Su Ning said recently, to continue to promote the payment and settlement system, effective implementation of the central bank Financial Service functions. Suning recently held in 2010 in the People's Bank Clearing Centre, said the meeting, the Central Bank's interbank payment system is the core of the whole community and link the payment system, in conjunction with the People's Bank to pay the liquidation of the overall arrangement, to formulate good "12 5 "Planning. To ensure security and stability of the system to continuously improve the level of management operation, attach great importance to the current system of maintenance. To push forward construction of the second generation of payment systems. As planned Electronic Commercial bills of exchange system to promote building.
5. Ministry of Finance yesterday announced at its official website main points of this year, which said that the timely introduction of this tax reform program resources to support Energy Resources, agricultural products and other basic price mechanism reform, but also improve the property tax system. Ministry of Finance said that this year the central and local governments to fully fund the preparation of the budget, a detailed budget content, and to gradually expand the scope of state-owned capital operation budget of the pilot study to improve the proportion of central enterprises handed in after-tax profits, improve the state capital budget expenditure policy system to promote the work of local state-owned capital operation budget.
6. According to the Chinese Government Network 6 released "out of the State Council on Further Strengthening the Work of backward production capacity," In the near future to further develop the market in allocating resources to the basic role, give full play to the binding effect of laws and regulations and technical standards threshold effect, in electricity, coal, Steel , Cement, nonferrous metals, coke, paper, leather, printing and dyeing industry, eliminate backward production capacity. According to "notice", the end of 2010, China's power industry will phase out small thermal power 50 million kilowatts or more; the coal industry will close with poor safety conditions, do not meet industrial policy, waste resources and pollute the environment of small coal mines 8000, out of production 200 million tons; coke industry out of chambers with a small height of 4.3 m below the focal plane (3.2 m and above, except stamping coke oven) and so on.
III Market Spot market price increases by the impact of the two petrochemical groups, large increases in the market today offer the market the general supply, the actual turnover slightly let, general transactions.
South China market: the market price of slightly higher today, or in the 50-100 yuan / ton, the international crude oil market continued to pull up by the upstream and downstream inquiry can still positive, high-end price of certain transactions. Linear mainstream price 11000-11200 yuan / ton, Dushanzi 7042 at 11,100 yuan / ton, Maoming Petrochemical 7042 reported 11100-11250 yuan / ton, Guangzhou Petrochemical 7042 tax included 11,200 yuan / ton, Saudi 218W reportedly 11,300 yuan / t, 2426H in 12000-12200 yuan / ton, 9455F in 10000-10300 yuan / ton.
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