Affected by the continued correction of fuel futur

Affected by the continued pullback of fuel futures, plastic futures opened higher and went lower on October 20 news: today, plastic futures opened higher and went lower. The main 801 contract opened 12700, with a maximum of 12700 and a minimum of 12665, and closed at 12680, up 25 points, or 0.2%. The trading volume was slightly stronger than yesterday, with 6664 transactions and 142 positions increased throughout the day

upstream dynamics: WTI crude oil on the New York Mercantile futures exchange surged $2.07 to $89.47/barrel, while Brent crude oil rose $1.47 to $8. Recently, the prices of lithium battery raw materials such as copper foil and electrolyte have increased significantly by $4.60/barrel. Shanghai fuel oil futures continued to callback, opening at 3785 and closing at 3715, down 0.51%

China's plastic price index rose 1.25 points to 1256.33 points; The China Plastics spot index fell 0.13 points to 1231.60. The first index of China plastics was 1004.08, down 0.08. In January, the closing price of linear plastics in Beijing Treasure Island exchange was 12595 yuan/ton, up 4 yuan/ton

the PE market in China plastic city is stable with small movements, and some prices continue to rise slightly. After slow consumption in recent years, the already large amount of resources in the intermediate circulation field is slightly strained. With the relative increase of market inquiries, traders' experimental power and speed have been boosted, and their confidence has been boosted, and they began to attract goods in small batches. Current market mainstream price: LLDPE: yuan/ton

in the first half of the month, the inventory in the main domestic PP and PE markets decreased by 12.58% compared with the end of the previous month, of which the PP inventory decreased significantly by 20.78%, while the PE inventory decreased by 9.61%. On the whole, the inventory in the South decreased significantly by 14.13% compared with that at the end of last month, while the inventory in the North decreased by 8.77%

october 18 international spot market: in the Asian market, CFR quoted us dollars/ton in Northeast Asia and US dollars/ton in Southeast Asia, down 10 dollars/ton; In the European market, FD quoted in euro/ton in northwest Europe and CIF quoted in USD/ton in northwest Europe, which was the same as the previous trading day; In the Far East market, FOB South Korea quoted us $1205/T, FOB Japan quoted us $1200/T, down by US $5/T

to sum up, although New York crude oil rose sharply, domestic fuel oil futures continued to callback at a high level, and the decline in inventory did not play a role in boosting. Traders in the spot market were basically in good mood. When the adjustment of plastic futures would end remains to be driven by fuel oil

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