PE Day Editorial: Qi or plastic hanging upside down stock futures spreads widen
HC plastic mesh News: I. Summary of upstream raw material market
Oil: U.S. crude oil futures rose more than 1% Wednesday, a rebound from Tuesday, the dollar weakening and oil inventories decreased support for the markets. Traders ignored the government's inventory report showed crude oil inventories increased more than expected. United States Energy Information Association (EIA) reported U.S. crude oil inventories increased by 300 million barrels the week to 3.375 million barrels, forecast to increase 200 million barrels. Gasoline inventories by 90 million barrels the week to 2.312 million barrels, forecast to increase by 40 million barrels. Week, distillate stocks down 60 million barrels to 1.527 million barrels, to reduce the estimated 160 million barrels. New York Mercantile Exchange (NYMEX) -4 CLJ0 month crude oil futures rose 1.14 cents, or 1.45%, to 80 U.S. dollars, dollar trading range is 78.25-80.13. London, April Brent crude futures rose 0.84 U.S. dollars LCOJ0, or 1.09%, to 78.09 U.S. dollars a barrel in intraday trading range for the 76.63-78.42 U.S. dollars.
Wednesday, CFR Northeast Asian ethylene prices fell 12.5 U.S. dollars / ton, because the supply market is still suffering from a gradual increase (especially Japan) pressure. Alleged that in March in Japan, goods inventories remain high, manufacturers have been looking for opportunities to export surplus goods. Traders said it received from the Japanese factory ship inquiry. Southeast Asia ethylene by Saudi Arabia and Iran the impact of increased supply or 40 U.S. dollars / ton. Today, there are reportedly 6,000 tons of early March market of Saudi origin of the goods shipped in 1250 U.S. dollars / ton CFR South East Asia to be sold, but not close transactions.
II and psychological analysis of market trading around the
2 26 market sentiment around the deserted, early support by the higher crude oil prices, traders offer steady, to discuss the general market, but with the LLDPE Intraday futures fell sharply, the market concentration bearish sentiment, traders shipping prices slightly lower today in North China market by sales, with or CNPC East China East China South China climate in the doldrums, trading deserted, prices drop slightly, traders bearish attitude, intention shipping high downstream demand continues to slump, receiving less interest, inquiries rare, rare cold overall market turnover.
Three factors influence the market 1, positive factors 1) crude oil rose slightly above the 80 dollar mark
2) the end of the pricing petrochemical firm
2, negative factors 1) futures intraday plunge 2) strong market bearish atmosphere to discuss deserted
3) lower operating rates low, receiving a lower interest
4, blue pedestrian point of view
2 26 domestic PE Market continued to edge lower, the market lacks positive support, merchant shipping cheap high intention, poor delivery, futures prices fell sharply suppress the business mentality of the market concentration of the bearish sentiment, less downstream inquiry, multi-see attitude, Wang believes that the short term the market is difficult to rebound, still sluggish run businesses should be concerned about the recent fossil March Guapai Jia situation.
Oil: U.S. crude oil futures rose more than 1% Wednesday, a rebound from Tuesday, the dollar weakening and oil inventories decreased support for the markets. Traders ignored the government's inventory report showed crude oil inventories increased more than expected. United States Energy Information Association (EIA) reported U.S. crude oil inventories increased by 300 million barrels the week to 3.375 million barrels, forecast to increase 200 million barrels. Gasoline inventories by 90 million barrels the week to 2.312 million barrels, forecast to increase by 40 million barrels. Week, distillate stocks down 60 million barrels to 1.527 million barrels, to reduce the estimated 160 million barrels. New York Mercantile Exchange (NYMEX) -4 CLJ0 month crude oil futures rose 1.14 cents, or 1.45%, to 80 U.S. dollars, dollar trading range is 78.25-80.13. London, April Brent crude futures rose 0.84 U.S. dollars LCOJ0, or 1.09%, to 78.09 U.S. dollars a barrel in intraday trading range for the 76.63-78.42 U.S. dollars.
Wednesday, CFR Northeast Asian ethylene prices fell 12.5 U.S. dollars / ton, because the supply market is still suffering from a gradual increase (especially Japan) pressure. Alleged that in March in Japan, goods inventories remain high, manufacturers have been looking for opportunities to export surplus goods. Traders said it received from the Japanese factory ship inquiry. Southeast Asia ethylene by Saudi Arabia and Iran the impact of increased supply or 40 U.S. dollars / ton. Today, there are reportedly 6,000 tons of early March market of Saudi origin of the goods shipped in 1250 U.S. dollars / ton CFR South East Asia to be sold, but not close transactions.
II and psychological analysis of market trading around the
2 26 market sentiment around the deserted, early support by the higher crude oil prices, traders offer steady, to discuss the general market, but with the LLDPE Intraday futures fell sharply, the market concentration bearish sentiment, traders shipping prices slightly lower today in North China market by sales, with or CNPC East China East China South China climate in the doldrums, trading deserted, prices drop slightly, traders bearish attitude, intention shipping high downstream demand continues to slump, receiving less interest, inquiries rare, rare cold overall market turnover.
Three factors influence the market 1, positive factors 1) crude oil rose slightly above the 80 dollar mark
2) the end of the pricing petrochemical firm
2, negative factors 1) futures intraday plunge 2) strong market bearish atmosphere to discuss deserted
3) lower operating rates low, receiving a lower interest
4, blue pedestrian point of view
2 26 domestic PE Market continued to edge lower, the market lacks positive support, merchant shipping cheap high intention, poor delivery, futures prices fell sharply suppress the business mentality of the market concentration of the bearish sentiment, less downstream inquiry, multi-see attitude, Wang believes that the short term the market is difficult to rebound, still sluggish run businesses should be concerned about the recent fossil March Guapai Jia situation.
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