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Plastics Market Ignored The Oil Market Bleak Warehouse Receipts Lldpe

PP Warehouse receipt weak downstream HC plastic mesh Closing this weekend, China Plastic Price index 915.86 factors, down 22.Ninety points from final week over the identical period. Plastic warehouse receipts index lower in the index 857.84 points, down 25.93 factors from last week over the same period.

An upstream evaluation Last weekend, though the United States announced Financial system Data anticipated better, but the greenback rebounded towards the euro again, Europe and the United States stock market fell, driving oil costs lower. Friday (Could 15) New York Mercantile Alternate West Texas light oil in June futures settlement price per barrel fifty six.34 U.S. dollars, down 2.28 U.S. dollars increased than the earlier trading day. This week, two oil and gas pipeline assaults in Nigeria, the Solar Oil Company refinery in Pennsylvania within the United States exploded a powerful rise in international oil costs. Tuesday, the peak gasoline demand season earlier than the arrival of U.S. refinery upkeep after the accidents, crude oil and gasoline inventories fell, New York light crude oil futures topping 60 U.S. dollars a barrel. Wednesday U.S. crude oil stocks continued to fall sharply, the new York light crude futures strong features in recent months, six months for the first time breaking sixty two dollars / barrel. Affected by the inventory market Thursday, oil prices fell again sharply in intraday trading under 60 U.S. dollars, however the late rally to above 61 U.S. dollars.

Ended the week on Could 21, New York, the primary month of gentle oil futures averaged fifty nine.622 U.S. dollars per barrel closing, 1.908 U.S. dollars larger than the earlier week. Intercontinental Change in London Brent crude ended the primary month common price of fifty eight.778 U.S. dollars per barrel futures, 1.27 U.S. dollars larger than the earlier week.

2, the spot market Significant positive factors this week, crude oil futures, WTI closed the primary time six months to 62 dollars / barrel. Outdoors the plate, the poor efficiency of transactions, increased ocean freight impact. China Petrochemical Group two sub-supply low-price pre-settlement, settlement after the continued itemizing Sell . Guadan spot market transactions, merchants continue to offer barely down. Trader mentality in the doldrums, to keep Kuaijinkuaichu.

East this week PE Depressed market situations, although the shock rise in crude oil prices, the utmost rose to sixty two dollars / barrel, but the market have misplaced all sensitivity, Wednesday Thursday or perhaps a decline in value. LLDPE Mainstream lowest worth dropped to 9,250 yuan / ton. LDPE prices have additionally dropped the lowest supply in 9500 yuan / ton and down. HDPE , The changes in more complicated, the overall value in 9300-11000 yuan / ton between the 2.

South China PE market circumstances to continue this week amid edge lower, from late April this 12 months, the domestic market started a downturn. Usually mirror the poor downstream demand sides of transactions troublesome. LLDPE mainstream now supply in 9300-9400 yuan / ton, LDPE maintained at 9400-9500 yuan / ton. HDPE aspect, too few low-pressure membrane materials supply, greater costs. Low strain injection molding, drawing less demand, and by the extra severe the impression of imported materials, costs fell extra distinctly.

PE market in North China this week is the massive bear market, earlier than the enterprise had doubts when crude oil above 60 U.S. dollars / barrel, the market can remain unmoved Info have proved that the market does continue to disregard the value of oil down, there is no such thing as a demand for help, the market is difficult to catch wind of crude oil. Darker ambiance of the market bearish costs each day Yindie, latest weakness of the home price reported to the 9150-9250 LLDPE mainstream yuan / ton, LDPE ordinary excessive-stress fundamental within the 9250-9600 yuan / ton, HDPE Value mainstream in 11000-11400 yuan / ton.

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