Warehouse orders into the adjustment index is expected to fall

At 15:00 on January 5 China Plastics Price Index:
        species       
index
Change
China Plastics Price Index
1091.04
↓ 0.28
Plastic warehouse receipts index
1037.29
↓ 2.92
China Plastic Spot Index
1211.67
↑ 1.02
The improved economic data has boosted the exchange rate of the US dollar while boosting the market sentiment, which in turn has reduced the incentive for people to invest in dollar-denominated commodities. On Tuesday, international oil prices followed the commodities that have been pushed up by investors. Sharply fall back. The data released by the American Petroleum Institute after the close of the crude oil market in Europe and the United States showed that the decline in US crude oil inventories last week exceeded analysts' expectations, but the international oil price was stable in the electronic trading system. On Tuesday (January 4th), New York Mercantile Exchange West Texas Light Oil February 2011 ** settled at US$89.38 per barrel, down US$2.17 from the previous trading day.

According to sources, the central bank has formulated a set of standardized differential deposit reserve ratio calculation methods. From 2011, the central bank will measure and implement differential deposit reserve measures on a monthly basis for banks, taking into account that commercial banks need to adjust their business structure for a certain period of time. In the third quarter, commercial banks will be given progressively lower tolerances. In addition, the central bank intends to lower the excess deposit reserve interest rate to reduce the cost of expenditure. Today, even the plastics opened lower and higher, and the price fell again afterwards, closing down 0.08%. At 15 o'clock, warehouse receipts adjusted, China Plastics Index fell 0.28 points to close at 1091.04 points.

The warehouse receipts index opened lower in the index today, showing a gradual upward trend throughout the day, and the rebounding momentum was weak. As of the close, the China Plastics warehouse receipts index closed at 1037.29 points, down 2.92 points or 0.28% from the previous trading day. Volume of 1075 batches, compared with the previous day fell back, order volume reported 2410 batches.

Today's domestic petrochemical offer was steady and small, ABS part of the brand rose 200-300 yuan / ton, PP part of the brand rose 50-150 yuan / ton, PVC individual brand (SG3-5 / Shandong Xinfa) rose 50 yuan / ton, PE Some brands rose 50-300 yuan / ton, PS part of the brand adjustment, the magnitude of 100-250 yuan / ton. In the spot market, Yuyao Plastics Market quoted raw materials, ABS individual grades (0215A/ Jilin Petrochemical) rose 100 yuan/ton, PP individual grades (M1600/Korea Hyundai) rose 50 yuan/ton, and some PE grades were adjusted, ranging from 100 to 300 RMB/ton, PS individual grades (825/ Panjin ethylene) rose 100 yuan/ton. At 15 o'clock, the China Plastics Spot Index reported 1211.67 points, up 1.02 points from the previous trading day.