Guangsu Index Inventory

In this period (Aug. 18-25), with the adjustment of oil prices and commodity prices, the gains of the various varieties of the Guangdong Plastics Exchange were weak and oscillating in a narrow range. Most traders waited and watched sentiment began to spread and lacked confidence in the market. As the macro-policy on real estate pressure policy appears to have continued signs, leading to market participants on the market outlook differences, dragging the current market is difficult to extend the strong pattern. Along with the current adjustments, the market may still face a turbulent trend in the short term. As of the end of the period, the Guangsu Index reported 983.90 points, the average daily transaction volume was 4799 batches (1 batch = 5 tons), and the ordering at the end of the period was reported as 4462 batches.

PVC This period of calcium carbide process PVC market continued concussion trend. As of the end of the period, the prices of various types of products increased to 7290 to 7400 yuan (ton price, the same below), and rose by 9 to 33 yuan from the beginning of the period. From a fundamental point of view, the calcium carbide process PVC market is still supported by the price of calcium carbide on the one hand. Under the influence of the cancellation of the preferential electricity prices of high-energy-consuming enterprises across the Northwest region, the prices of calcium carbide in major producing areas such as Shaanxi, Xinjiang, and even Inner Mongolia have further increased. The enterprises in South China and East China are stable and the price of calcium carbide remains high. On the other hand, the recent market concerns about real estate policies have increased. Especially in the coming period of the real estate season, whether the market can continue to improve is also a problem. . In addition, the relatively hot weather in South China caused the recovery of many small and medium-sized enterprises to worry. Therefore, from the current point of view, whether the downstream can be further warmed up depends on the development trend of the entire industry chain. As the current downstream uncertainty factors are strong, the market may continue to be dominated by a shock near 7,300 yuan in the absence of hot spots in the short term. In this issue, ethylene-based PVC consolidation is the mainstay. As of the end of the period, the prices of the transactions from November 2010 to January 2011 were 7365 to 7382 yuan. Among them, varieties rose by 113 yuan in January 2011, other varieties have little volatility, and the strength of long-term varieties in this period also shows that traders are still optimistic about the trend of medium and long-term PVC. In terms of fundamentals, ethylene prices in Asia are further affected by the supply and demand relationship in the current period. Although the price of oil has fallen, it has little impact. The large increase in ethylene prices also shows that the market is clearly optimistic about the market outlook, ethylene PVC market conditions have also improved, the increase in the medium-term increase in probability.

LLDPE The LLDPE market entered a period of narrow fluctuation adjustment. As of the closing date, the LL1009 contract fell by 152 yuan from the previous period to 10023 yuan; the LL1010 contract went flat at 10325 yuan; the LL1011 contract fell 5 yuan to 10383 yuan; the LL1012 and LL1101 contracts rose by 14 yuan and 9 yuan respectively, to 10,382 yuan. Yuan and 10386 yuan. From the current situation, although ethylene prices continue to soar, the weak spot market demand is still the key to the market can not be broken. It is expected that LLDPE will still adjust its market in the short-term and be bullish in the medium term.

PP PP weakness in the current period. As of the end of the period, the price of the products for the September-November period was 10,560 to 10,700 yuan. Among them, in addition to the recent increase of 170 yuan in September varieties, other varieties have dropped 10 to 60 yuan. In terms of fundamentals, prices of upstream petrochemical enterprises remained stable under the circumstances of stable oil prices. However, due to the approaching month-end, the signs of market speculation have a tendency to ebb, and most businesses are still selective and wait-and-see. Downstream companies do not have too much demand. Strong boost. Under the current circumstances, it is expected that PP short-term market will continue to be adjusted within a narrow range of around 10,600 yuan.

ABS/PS continued to decline after the current crude oil market fell below US$75/barrel. Market participants are worried about the economic recovery and have purchased safe-haven assets. As a result, the exchange rate of the US dollar has risen and the crude oil market has been under pressure. The ABS/PS market was simultaneously lower under the drag of lower crude oil market, the atmosphere of speculation was indifferent, and the trading volume was small. As of the close of the period, the closing price of AB1010 was 15,666 yuan, a decrease of 134 yuan from the end of the previous period. The abrupt decline in the AB1010 contract indicates that the intraday long strength is still weak. In the short term, the market is likely to continue to adjust at a low level. However, due to the tight supply in the spot market and good sales data in the downstream industry, the medium-term is still bullish.