HC plastic mesh News: First, the market review
Crude oil futures extended gains in Asia held steady ethylene quote quote, petrochemical manufacturers cut prices after another settlement, the spot market price correction-based, less volatile.
Second, fundamental analysis 1. As the U.S. housing Sell Upturn helped boost stock prices, coupled with a weaker dollar, and Greece Friday formally launched 45 billion euros of the European Union and the International Monetary Fund (InternationalMonetaryFund) joint relief mechanism of the request, to placate the Financial Market sentiment, crude oil futures prices closed higher. U.S. Department of Commerce (CommerceDepartment) Friday (April 23) announced that the U.S. March new home sales increase over the preceding year for the past 5 years increased the most, mainly because buyers compete to qualify for government purchase shot refund policy. U.S. stocks rebound, boosted oil prices extended gains. Asia Economy Growing body Oil Demand to support prices, but with the arrival of Q2, agriculture and transport sectors will be gradually increased seasonal demand.
2. Friday Asian ethylene market held steady, CFR Northeast Asia, the price to close at 1269.25-1271.25 USD / tonne, CFR Southeast Asia, the price to close at 1224.25-1226.25 USD / ton. As downstream demand remained weak, the market yesterday to maintain stability in Northeast Asia. While Japan as Mitsui Chemicals unit supply problems lead to market (this week plans to restart), South Korea and Taiwan, the supply of the same tight spot, but the overall poor downstream performance.
3. Petrochemical manufacturers, the Daqing Petrochemical, Jilin Petrochemical, Yangzi Petrochemical, Guangzhou Petrochemical, Maoming Petrochemical, Qilu Petrochemical, etc. to maintain the same ex-factory price, offer Shanghai SECCO down 200 yuan / tons, CNPC has also lowered prices to the Northeast 11,000 yuan / ton lower, although the main ex-factory price in 11300-11400 yuan / ton, this week, and various other petrochemical manufacturers estimate is also planning to cut prices.
4.2010 automotive plastic parts in China will exceed the demand expected to more than 260 million tons, the development of automobile industry with the development of the plastics industry are inextricably linked. It is understood that the present development of international Automotive Plastics The use of plastics accounts for 8-10% of total consumption in the developed countries average car with a plastic volume 100-130 kg / vehicle, accounting for about 10% of vehicle curb mass. In recent years, the largest automotive plastic variety – Polypropylene Annually to the rapid growth of 2.2-2.8%. And with the rising Chinese automotive production, automotive plastics industry has developed rapidly. In 2009, with the domestic automobile production exceeded 13 million of the scale, domestic car prices on the demand for plastic parts has improved significantly, the domestic buyers in 2009 published by K-car network platform over 1256 plastic parts procurement frequency, compared to 2007 of 426 frequencies and a near 200% growth.
5. Ministry of Industry and Information Technology Operation Monitoring and Coordination Bureau Xinguo Bin 23, said the first quarter of this year, the petrochemical industry realized profits of 91.6 billion, up 1.8 times. On the issue of the petrochemical industry, Xin Guobin, said the first quarter of this year, the overall growth rate is faster, because I remember it was this year, an increase of about 15.9%. Production growth is not only faster, more cost-effective situation was fairly good. Petrochemical industry in the first quarter profit of 91.6 billion, an increase of 1.8 times. 1-2 month last year, the decrease in relatively large, a decrease of 57.3%; not only speed recovery, and results would be better. Xin Guobin said that, overall operation of the petrochemical industry in the first quarter, or more normal, more stable, with the whole environment, the operational state of the industrial economy is essentially coincide.
6.2010 on April 14, Ministry of Industry and Information Technology issued a “Circular on Further Strengthening SME guidance for energy conservation work.” View that small and medium enterprises to fully understand the importance and urgency of energy saving, we present the goal of energy saving measures. SABUNG AYAM