Early in the morning, the warehouse receipts trended downwards and opened lower. In early trading, the index opened at 2.78 points to close at 857.43 points. The warehouse receipts rebounded slightly after the opening of the market. The 9:14 warehouse receipts continued to decline again. The 9:33 warehouse receipts rebounded. The China Plastics warehouse receipts index was 858.56 points per 10 hours, down from the previous trading day. 1.65 points.
Morning spot market prices rose steadily. In the morning, domestic petrochemical ex-factory prices, PP part of the brand rose 100 yuan / ton, PE individual brands (8008 / PetroChina South China Dushanzi Petrochemical) rose 200 yuan / ton. Yuyao Plastic City raw material market quoted in the morning, some PP grades were mixed, ranging from 100-200 yuan / ton, PE individual brands (2911/ Fushun ethylene) rose 150 yuan / ton. China Plastics's spot index was 1113.49 points at 10 hours, an increase of 0.21 points over the previous trading day.
In an overall analysis, on Thursday, the New York Mercantile Exchange (NYMEX) crude oil ** fell to a six-week low, dropping below the first time since December 19, 2011 to below $ 97 a barrel, mainly due to weak demand and increased supply. The New York Mercantile Exchange's light, low* crude oil price fell $1.25 to $96.36 per barrel, a decrease of 1.3%. Crude oil continued its downward trend, and the index’s gains were difficult to continue. In the morning, the China Plastics Index and the warehouse receipts index fell, and the spot index maintained its independence. On the face of the warehouse receipts, the vast majority of varieties showed a downward trend, of which the decline in PP varieties was much smaller than that of linear varieties, and the decline in PP varieties was all at 0.07%. Linear varieties are all at 0.5%. There was a slight increase in PP1206 on the disk. On the spot side, linear prices closed at a high level and petrochemical ex-factory prices rose, forming a certain support for the market, traders have soared offer, and it is expected that the short-term market price will fall slightly.
Forecast: The news earlier in the day was relatively flat, due to the lack of strong funds to support the index, the recent trend of minor finishing, concerned about changes in market news.
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