China Plastics Index: Policy Boosts Confidence Index Continues Rally

At the close, the China Plastics Index closed at 926.39 points, up 0.14 points from the previous trading day. China Plastics Warehouse Receipts Index reported 831.13 points, up 1.77 points or 0.21% from the previous trading day. China Plastics Spot Index reported 1127.18 points, down 0.10 points from the previous trading day.

The trend of warehouse receipts opened higher today. Morning warehouse receipts opened 831.75 points. The warehouse orders oscillated and oscillated after the opening bell, and the 9:42 warehouse receipts rebounded slightly. At 11:30, the warehouse receipts index reported 830.09 points, up 0.73 points. The warehouse receipts in the mid-day are narrower. At the end of the session, the tiny negative line was closed. As the momentum of the rebound continued to weaken, the market still showed pessimistic sentiment towards the latter stage and maintained a slightly stronger trend in the short term.

Today's spot market prices declined steadily. Domestic petrochemical latest ex-factory price, ABS part of the brand rose 200 yuan / ton, PP part of the brand rose 100 yuan / ton, PS part of the brand rose 200 yuan / ton, PVC individual brand (SG3-5 / Yunnan salt) rose 150 yuan / ton . Yuyao Plastic City Raw Material Market latest offer, ABS part of the trademark rose 100-200 yuan / ton, PP part of the brand ups and downs, the range of 100-200 yuan / ton, PE part of the brand rose 100-200 yuan / ton, PS Some brands rose 100 yuan / ton.

The overall analysis: Today's index trend continues yesterday's pattern, China Plastics Index remains bullish, warehouse receipts and spot trends differentiation, spot index is still slightly downward trend, warehouse receipts index slightly pushed up the market is still the same. Due to the tight spot supply, the warehouse receipts market is firm and up, and the variety of transactions on the warehouse receipts are all reported to be red. As the pace of the Spring Festival approaches, the downstream stocking will not be strong. As the downstream one after another falls, the demand will be light to limit the transaction. Participants will generally return the funds to shipping, leading to a slowdown in the spot market. In the news, the central bank data showed that in December of last year, China’s new ***** 64 billion yuan, an increase of 182.3 billion yuan year-on-year. The new incremental total exceeds market expectations. The market is generally expected to have a total credit amount of about RMB 8 trillion to RMB 8.5 trillion this year. In January this year, it was a peak loan, which is expected to reach more than RMB 1 trillion. This will help improve the real economy and boost the stock market. At the same time this week, the central bank should carry out reverse repurchase in the open market. The central bank’s ability to initiate reverse repurchases and reverse repurchase in the open market this or Thursday will reflect the central bank’s attitude toward current liquidity and also determine short-term market funding. The degree of improvement.

Forecast: The Spring Festival is approaching, and the macro side has stabilized, and the recent ups and downs are still the main tone of the market trend.