Short-term bearish return index is temporarily innocent

September 10th, 10:00 China Plastics Price Index:
species
index
Change
China Plastics Price Index
986.09
↓ 1.07
China Plastic Warehouse Receipt Index
922.47
↓1.41
China Plastic Spot Index
1106.16
↓0.31
After the official oil inventories data of the United States was released, the crude oil and refined oil inventories fell unexpectedly and the international oil prices continued to rise. However, the worry about the historical record of total US crude oil inventories and the rebound of the US dollar exchange rate caused the international oil prices to fall back later. Thursday (September 9) New York Mercantile Exchange West Texas Light Oil October ** settled at $74.25 a barrel, down $0.42 from the previous trading day.

The Governor of the People's Bank of China, Zhou Xiaochuan, stated on the 9th that the central bank’s maintenance of proper management of interest rates will help regulate the enthusiasm of the banking industry in providing services to the real economy. This is also a positive incentive mechanism for financial institutions. Today even the plastics opened lower and higher, and the decline shrank. At 10:00, affected by the drop in both warehouse receipts, the China Plastics Price Index fell 1.07 points to 986.09 points.

Opening early in the morning, China Plastics warehouse receipts index opened lower and higher, and the decline quickly declined. At 10:00, the China Plastics warehouse receipts index reported at 922.47 points, down 1.41 points from the previous trading day.

In the morning, domestic petrochemical major brands ex-factory price, PVC part of the brand rose 150 yuan / ton, PE individual brands (HHMTR480 / Maoming Petrochemical) rose 100 yuan / ton; Yuyao Plastic City raw material market in the morning quoted basically stable, PE part of the brand rose 50 yuan / Ton. China Plastics Spot Index reported 1106.16 points, down 0.31 points from the previous trading day.

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