Plastic short-term bullish atmosphere
Today the trend is still relatively strong plastic, lasted two days before the rally. As of early view that, in the short term stock is low caused even plastic strong, the spot can be loosened to need to continue to observe, plastic bag manufacturer futures recent rebound, air waybill can set a good stop-loss vent.
Morning main contract L1305 square opened in 9850, the day the highest to 10020, the lowest lowered to 9850, the newspaper closes at 9985. Turnover increased 176000 to 609000 hand in hand, a small increase of 10300 hand positions, for 187000 hands.
The recent spot for Sinopec oil control shipment and strong, even plastic case supporting larger spot. The single space can have every rebound admission, strict set a good stop-loss, long-term spot with proper, can profit only flat out again after a short Optional machine, rolling operation.
Macro economy
The United States, the United States Department of labor is scheduled for Beijing November 2nd 20:30 announced the 10 rose after the transfer of population of blame farming obtain employment data. The United States of America Maslo Chicago financial chief economist Swank is expected in October non-farm employment population will increase by 138000 people, while the unemployment rate is expected to rise to 7.9%.
Japan Bank of Japan announced, according to minutes, due to the production of reasons, cannot exclude the economic recession may fall. At the same time overseas economic slowdown, toilet facial paper manufacturer the Japanese economic recovery in 2013 may reappear after.
The euro zone, Greece's three ruling coalition of the Pasok party Michalis Kassis announced in November 1st that left the party, to protest against austerity measures, to the Greek coalition to add new pressure, and the Greek parliament is scheduled next week ( November 10th week ) is controversial for a number of reforms to vote.
The short term view, short-term concern at 10:00 published by the non-farm employment data related to the situation.
Plastic spot
Today PE market price is generally higher, especially linear and high pressure rose significantly, up to 100 yuan / or so tons. Low pressure membrane materials, injection molding and insulating materials rose 50-100 yuan / ton. The overnight WTI prices continue higher, a morning LLDPE futures continue upward, part of petrochemical raised ex-factory price, the market is bullish atmosphere is thicker, the business mentality better, most to be up, some follow Petrochemical pull up offer shipping. The downstream demand is fluctuant not quite, more cautious wait-and-see, the general contract.
Sinopec Yangzi Petrochemical East China LLDPE 7042 ex-factory price remained unchanged, for 10550 yuan / ton; Sinopec North China LLDPE petrochemical 7042 remained unchanged, for 10550 yuan / ton; Sinopec Southern China region LLDPE Guangzhou petrochemical 7042 remained unchanged, for 10500 yuan / ton.
Market price without tax in Guangzhou, Shanghai, raised 100 yuan / ton, and Qilu area by 10 yuan / ton, Android TV remotes other regions have maintained stable, light trading in influence market price trend of the future.
Market price including tax, Yangzi Chemical City raised 150 yuan / ton, Yuyao, Qilu, Guangzhou's three average price including tax increases, overall remained stable at 10825 yuan / ton, view price remain high, as -495 yuan / ton, spot and futures premium is firm to the extent that the Ming the next seasons of pattern of supply and demand of partial easing is expected to increase, the recent spot not envisioned in the down market, still need to observe.
