subject: Easy Or Hard Plastic Warehouse Receipts Rose Before The Holiday Is Expected To Slightly Better [print this page] HC plastic mesh News: Oil City is down to hit new lows this week, the process, and hit a nearly five-in Thursday. Negative factors from the market are still many, not only the United States crude oil inventories increased for six weeks, IEA, EIA and O PE C have reduced oil demand forecast, while U.S. economic data show no signs of optimism, oil prices through a few days after New Year's crazy after falling near 35 U.S. dollars and do not stop the trend. The only good news this week from the O PE C, here AbdallaSalemEl-Badri said OPEC Secretary-General, if the market situation of oversupply still continue, OPEC or the scheduled March 15 meeting to take further measures to restore the balance of supply and demand in the market, the news has propelled Oil prices slightly higher. U.S. inventory report released Wednesday, the U.S. commercial oil inventories totaled 820 million barrels, while the New York Mercantile Exchange, located in Cushing, Oklahoma crude oil contract delivery point of free space running out, the two news triggered a new round selling, falling oil prices Wednesday Thursday. The U.S. economy, the U.S. December retail sales fell 2.7%, forecast to decline for the month decreased 1.2% .11 2.1% 1.8% decline initially reported. The data rekindled the long-term decline on the U.S. economy will lead to a number of trading partners of its sharp downward economic concerns. 15, European Central Bank announced that over the same period, leading the euro zone interest rates by 50 basis points, down from 2.5% to 2.0%, to stimulate economic growth. This caused the dollar index rose four consecutive days.
1 third week, the market and even the plastic out of the warehouse receipts rose independent market, while the spot market due to lack confidence in the overall businesses leveled. Little movement this week, petrochemical area, reducing the supply of policy from the terminal continues, Yanshan Petrochemical, Tianjin joint, Shanghai Petrochemical, Maoming Petrochemical and Panjin Ethylene plant were cut and parking in the state, prices are more frequent price adjustment in addition to South China Petroleum addition, other basic maintenance of steady state Area. Businesses to maintain the current low inventory strategy, much better because of demand, market sentiment light, wait and see attitude prevails, a small number of radicals is the way the implementation of short-term for the king, the storage in the phenomenon of speculation almost disappeared. Imports of materials on the domestic market remains a certain impact, there is always the difference inside and outside the plate, downstream manufacturers on the sale of supply of imports is more interested in diverting a portion of the already limited needs. Warehouse receipts and even the plastic level, even the plastic outside the main addition to rising for the 4th Monday, traded heavy volume, up to 60,000 hand positions over long hot atmosphere. Similarly, out of the warehouse receipt independence rally, there rose a situation, down only rise, the index create two half-high, market sentiment improved, see more confidence. As the weekend closed, the plastic warehouse receipts index reported 703.26 points, up 53.74 points the previous week end.
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