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PE Market Report: Internal and External Cross optimistic petrochemical prop
HC plastic mesh News: Abstract: 1,2009 annual oil demand because of the financial crisis would be reduced, but crude oil prices below 40 dollars, oil producers tend to cut way to boost market prices, the cost of supporting the oil under the begin the long journey bottomed.
2,2009 year, China Polyethylene Market will face a demand slowdown, substantial expansion of domestic production of polyethylene, and the Middle East, the impact of cheap and abundant sources such as multiple difficulties.
3, has a monopoly in the domestic polyethylene market position in the Petrochemical and Petroleum (10.75,0.18,1.70%, right) groups, in the face pressure on profits and other financial indicators, with power to stop cuts, limited sales and limited strategies such as joint prop imports boost prices.
4, Outlook 2009, the average annual polyethylene futures prices, are expected along the wide fluctuations in 7500-8500.
Part 2008 Review 2008, the U.S. Wall Street financial crisis swept global financial markets only, but also by the spread of the virtual economy to the real economy. Under the influence of the financial crisis, fear and a crisis of confidence enveloped the entire market, even if Europe and the United States and other developed countries through massive rescue plan, also failed to stop the global collapse of commodity prices, the current slowdown in economic growth of major economies, the world economic recession marked signs of . Affected by this drag, the Chinese economy has to slow down growth, coupled with rising costs, lower performance and other factors, has affected some of our investments and ability, and thus constitute a restriction on consumption growth. Throughout the country LLDPE Market price of crude oil during the first half of the rapid, cost-push price climbing higher and higher polyethylene and repeatedly hit record highs; the second half because of declining consumption, a sharp decline in market price of polyethylene, below the recent lows, the overall performance can be described as two ten countries Heaven.
Outlook 2009, China polyethylene market will expand domestic production, overseas cheap supply shocks, Plastic Products Exports to reduce the difficulties. External problems, L LDPE On?
2008 Annual DCE polyethylene divided into the following phases: Figure 1DEC polyethylene Index Weekly Chart DEC polyethylene Index Weekly Chart 1, Spring Film Quotes Early January to mid February, China's polyethylene market supply due to too few overseas imports, and snow disrupted traffic flow, petrochemical system prices steadily upward, polyethylene futures prices are supported; February snowstorm in late because of the South demand for plastic film pull and the spring season with the advent of film consumption, DCE polyethylene film market in the capital for spring to promote the next touch and quickly pulled hair; mid-March with a film of spring demand is waning, speculative funds left the market, polyethylene futures price all the way down and there is inversion of the phenomenon.
2, oscillation rally Although the June 1 implementation of the national will "to make the plastic bag" to reduce polyethylene demand, high crude oil prices stabilized, Sinopec and China National Petroleum refining plate to compensate for losses sustained and stable prices for polyethylene Support Spot
Market. Crude oil prices hit record highs, and maintenance of petrochemical plants have gradually entered the peak of confidence in support of the transaction, futures prices bottoming out in early April after the "turtle speed" attitude oscillation upstream. By the end of May, Olympic Plastics Packaging Film and needs earthquake speculation gradually warming; June 1 start for the protection of the domestic supply of refined oil products, Sinopec Group has continued to Yajian ethylene, aromatics yield, increased oil production, and plans in June Yajian Ethylene production capacity of 11%, Total will cut 65,000 tons of ethylene, increasing the supply of 200,000 tons of refined oil, DCE affected by daily limit closing day. June 3 evening Maoming Petrochemical No. 2 ethylene cracker due to lightning fire, equipment damage resulting in severe line of parking; June 5 due to lack of raw materials, Guangzhou Petrochemical, LLD PE Device stop a week. Parking for non-program factors, the phenomenon of tight domestic supply is more prominent, petrochemical substantial increase in ex-factory price, traders took the opportunity entertained for sale, DCE futures prices were pushed high point.
3, decreased market demand
Prices for downstream products, the rate of increase lagged far behind that of polyethylene and other raw material prices increase upstream and downstream enterprises are facing reduced profits or even losses of the situation, have taken measures such as reduced operating rates, demand high prices on the inhibition started show. The Olympic Games approaching, the factory in North China due to power, traffic and environmental problems have ceased production, the decline in demand for high PE stocks is becoming more prominent, futures prices began to turn around from a decline in mid-June. July 7 to boost demand for Japan-China Petrochemical reduce inventory, start the first round of large sales incentives; but the market continued malaise, traders generally ship upside down, and downstream firms to buy up state of mind not to buy or serious, the contract farmers for the loss of billing fear petrochemical system continues to cut prices, delivery lead stocks not actively continue to increase. Sinopec to reduce inventory at: July 11 and July 15 cut prices twice. International crude oil prices in the July 15 start correction, supporting the bearish market psychology, Sinopec forced to July 22 for the fourth round of price-cutting promotions. During this period rapid lower futures prices.
I am China Products writer, reports some information about childrens beach towels , printed hand towels.
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