The oil price supports the limited index to rise sharply

October 1st, 15:00 China Plastics Price Index:

species
index
Change
China Plastics Price Index
1040.14
↑ 2.30
China Plastic Warehouse Receipt Index
969.8
↑ 3.32
China Plastic Spot Index
1161.52
↓ 0.24
According to data released by the Fed, U.S. industrial output unexpectedly fell in September, the first time in more than a year. The early morning oil price fell inertially. However, after falling to a key technical support point near US$82.30 per barrel, data showed that the US home builder’s confidence index rose for the first time in five months in October, and the US stock market rose accordingly. Oil prices have been boosted. Monday (October 18) New York Mercantile Exchange West Texas light oil November ** settled at $ 83.08 a barrel, up $ 1.83 over the previous trading day.

According to a report released by the US Treasury Department on the 18th, as the largest creditor of the United States, China increased its holdings of US$21.7 billion in US Treasuries in August, which is the second consecutive month that China has increased its holdings of US Treasuries. In May and June of this year, China has reduced its U.S. national debt. Even the plastics opened higher and lower today, closing up 0.53%. At 15 o'clock, the warehouse receipts fell sharply and the gains of the China Plastics Index narrowed, rising 2.3 points to close at 1040.14 points.

Today's China warehouse receipts index quickly opened higher after the opening bell, suppressed by the 5-day moving average, but unfortunately slow down. Finally, the China Plastics Warehouse Receipts Index closed at 969.8 points, up 3.32 points or 0.34% from the previous trading day. Volume of 1,163 batches reported a slight contraction from the previous trading day, and the volume of orders reported 3072 batches.

Today's domestic petrochemical offer, ABS part of the brand rose 150-500 yuan / ton, PVC part of the brand adjustment, the range of 50-200 yuan / ton, PE part of the brand adjustment, the range of 100-300 yuan / ton, part of the PS rose 50-300 yuan /Ton. In the spot market, Yuyao Plastics Market quoted in the raw material market, some PP grades were adjusted, ranging from 50 to 100 yuan/ton, and some PE grades were adjusted, ranging from 50 to 500 yuan/ton. At 15:00, the China Plastics Spot Index reported 1161.52 points, down 0.24 points from the previous trading day.

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