January 17th, 10:00 China Plastics Price Index:
The People's Bank of China decided to increase deposit reserve ratio of deposit-taking financial institutions by 0.5% from January 20, 2011. Even with a slight increase in plastic today, temporarily maintain the trend of shocks. At 10:00, warehouse receipts rebounded again. The China Plastics Index rose 1.31 points to 1087.68 points.
The market opened early in the morning and the warehouse receipts index recovered and quickly rose, but the increase was still relatively limited, supported by high oil prices. At 10:00, the China Plastics warehouse receipts index reported 1033.61 points, up 1.48 points from the previous trading day.
In the morning, the domestic petrochemical major brands ex-factory price, ABS individual brands (HI-121H / LG Zhaoxing) rose 200 yuan / ton, PE part of the brand rose 100 yuan / ton; Yuyao Plastic City raw material market in the morning offer, ABS individual brands (PA- 757/ Taiwan Chi Mei fell 100 yuan / ton, PP part of the brand adjustment, the range of 100-300 yuan / ton, PE part of the brand rose 100 yuan / ton, PS part of the brand rose 100-300 yuan / ton. China Plastics Spot Index reported 1217.09 points, up 0.11 points over the previous trading day.
species
index
Change
China Plastics Price Index
1087.68
↑ 1.31
Plastic warehouse receipts index
1033.61
↑ 1.48
China Plastic Spot Index
1217.09
↑ 0.11
U.S. industrial output is higher than expected, Alaska crude oil pipeline will be closed again in accordance with the diversion system pipeline, and international oil prices will rise further. Brent crude oil in London in recent months** has exceeded US$99/barrel for the first time since October 1, 2008, further widening the difference with West Texas Light crude oil. In addition, the United States next Monday's public holiday, traders usually do more to push up oil prices before the long holiday. Friday (January 14) New York Mercantile Exchange West Texas Light Oil February 2011 ** settled at US$91.54 per barrel, up US$0.14 over the previous trading day.
The People's Bank of China decided to increase deposit reserve ratio of deposit-taking financial institutions by 0.5% from January 20, 2011. Even with a slight increase in plastic today, temporarily maintain the trend of shocks. At 10:00, warehouse receipts rebounded again. The China Plastics Index rose 1.31 points to 1087.68 points.
The market opened early in the morning and the warehouse receipts index recovered and quickly rose, but the increase was still relatively limited, supported by high oil prices. At 10:00, the China Plastics warehouse receipts index reported 1033.61 points, up 1.48 points from the previous trading day.
In the morning, the domestic petrochemical major brands ex-factory price, ABS individual brands (HI-121H / LG Zhaoxing) rose 200 yuan / ton, PE part of the brand rose 100 yuan / ton; Yuyao Plastic City raw material market in the morning offer, ABS individual brands (PA- 757/ Taiwan Chi Mei fell 100 yuan / ton, PP part of the brand adjustment, the range of 100-300 yuan / ton, PE part of the brand rose 100 yuan / ton, PS part of the brand rose 100-300 yuan / ton. China Plastics Spot Index reported 1217.09 points, up 0.11 points over the previous trading day.