November 1st, 15:00 China Plastics Price Index:
The October monetary and credit data released by the Central Bank on the 11th showed that the narrow money (M1) and broad money (M2) rebounded again this month after they both fell back in September. M2 increased by 19.3% year-on-year, an increase of 0.3% from the previous month. M1 increased by 22.1% year-on-year, an increase of 1.2% from the previous month. The "down scissors difference" between M2 and M1 has expanded compared with August and September. Even after the plastics opened, they went straight to the limit. At 15 o'clock, warehouse receipts contracted sharply. The China Plastics Index dropped by 18.63 points to close at 1126.8 points.
Today's Chinese warehouse receipts index opened lower and went lower, and the decline was heavier. As of the close, the China Plastics Index closed at 1067.46 points, down 26.9 points or 2.46% from the previous trading day. The volume of 803 batches was reported to have been extremely shrunk compared with the previous trading day, and 2,842 batches of orders were reported.
Today's domestic petrochemical offer, ABS part of the brand rose 300 yuan / ton, PP part of the brand rose 200-800 yuan / ton, PVC part of the brand adjustment (up more or less), the range of 100-600 yuan / ton, PE part of the brand rose 200- 400 yuan/ton. In the spot market, Yuyao Plastic City's raw material market price, ABS part of the trademark rose 600-1100 yuan / ton, PP part of the trademark rose 100-1000 yuan / ton, PE part of the brand rose 100-500 yuan / ton, PS part of the brand rose 150- 200 yuan/ton. At 15 o'clock, the China Plastics Spot Index reported 1256.7 points, down 1.63 points from the previous trading day.
species
index
Change
China Plastics Price Index
1126.8
↓ 18.63
Plastic warehouse receipts index
1067.46
↓ 26.90
China Plastic Spot Index
1256.7
↓ 1.63
On Thursday, there was news that the processing volume of Chinese refineries reached the highest level in history, and the international oil price rose in the morning. Subsequently, OPEC raised its oil demand forecast in the monthly report and pushed the international oil price to its highest level in 25 months. US stocks fell sharply. The exchange rate of the euro against the US dollar fell to a five-week low, and international oil prices quickly returned to a stable close. Thursday (November 11) New York Mercantile Exchange West Texas Light Oil December ** settled at US$87.81 a barrel, unchanged from the previous trading day.
The October monetary and credit data released by the Central Bank on the 11th showed that the narrow money (M1) and broad money (M2) rebounded again this month after they both fell back in September. M2 increased by 19.3% year-on-year, an increase of 0.3% from the previous month. M1 increased by 22.1% year-on-year, an increase of 1.2% from the previous month. The "down scissors difference" between M2 and M1 has expanded compared with August and September. Even after the plastics opened, they went straight to the limit. At 15 o'clock, warehouse receipts contracted sharply. The China Plastics Index dropped by 18.63 points to close at 1126.8 points.
Today's Chinese warehouse receipts index opened lower and went lower, and the decline was heavier. As of the close, the China Plastics Index closed at 1067.46 points, down 26.9 points or 2.46% from the previous trading day. The volume of 803 batches was reported to have been extremely shrunk compared with the previous trading day, and 2,842 batches of orders were reported.
Today's domestic petrochemical offer, ABS part of the brand rose 300 yuan / ton, PP part of the brand rose 200-800 yuan / ton, PVC part of the brand adjustment (up more or less), the range of 100-600 yuan / ton, PE part of the brand rose 200- 400 yuan/ton. In the spot market, Yuyao Plastic City's raw material market price, ABS part of the trademark rose 600-1100 yuan / ton, PP part of the trademark rose 100-1000 yuan / ton, PE part of the brand rose 100-500 yuan / ton, PS part of the brand rose 150- 200 yuan/ton. At 15 o'clock, the China Plastics Spot Index reported 1256.7 points, down 1.63 points from the previous trading day.
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