Shanghai Daoqin Plastics Co., Ltd.

        2019 year table/sheet demand increase production capacity growth belt/tape output/production volume 支撑, is full 球第二 large 经济体, China positive in 经历由 “依靠 investment and export 拉动” toward “消费 and innovation 驱动” direction 转变.

        随 new type 城镇化, new type industrial 化, 农业现代化 and trade development and other for polyolefin demand 总体支撑, and high quality active, 教育, medical, and other property demand improves, polyolefin in new material, automotive light amount 化, green building materials, medical devices, food grade packaging, electronics electrical appliances small type and other application day 益广泛. policy 放开, 人口老龄化, medical demand increase and other 都刺激 high quality polyolefin resin demand growth, therefore year inner polyolefin production capacity fast speed to high speed growth. PE non resistant product ratio in 73%, PP in 66%, one-time property fast product demand 特征决定 its demand versus for stability.

        我们人口众 more, from demand 看, currently 我国人均 plastics amount and world 发达国家 versus ratio also has very large 差距. statistics, as is amount 一 国家 plastics industrial development water indicators ratio, 我国仅 is 30: 70, and world 平均 50: 50, more and 发达国家如 USA 70: 30 and Germany 63: 37. plastics products application 广泛, large lower industry is plastics products industry development provide strong/high has force 支撑, is future relatively large market demand 空间促 make polyolefin start production hot decrease.

        炼化 enterprise start production, market focus/key point 发生转移

        随 start production plant/unit increase more, market focus/key point positive 悄然发生转移, 由原 关注原油 and property factors outer, futures, industry 库存登 upper 舞台, 且关注 ratio 列逐渐 improve/increase.

        原油 as is large product market 源头, for lower market effect/influence tool has property, 2014 year front and property factors effect/influence market 主流, external factors effect/influence low, futures upper 市初期, market for/regarding futures tool property low, therefore 原油 涨跌直接 as used for in stock market. day front more market formed development, according to data 核算, polypropylene (PP) product is 例, 我们选取自 futures upper 市以 5 year history data 发现, price related property high 达0.94, WTI and in stock related property in 0.7 left right. futures for industry effect/influence main/primary in 定价方面, in polypropylene (PP) product upper most is obvious, 由原先 outer 盘定价 or 石化定价转变 is futures 定价, year market factors in 进行巧妙转移, property 规律指引 decrease low, futures effect/influence force 逐渐走 strong/high.

        随 futures market 不断完善 expand 展, supply and demand research already relatively difficult market, investment company, in stock company utilizing 自身期现结 combined advantages in stock trade, use ‘两 strip/profile 腿’走路 模式 sales, in stock trade 商涉足 futures and other melt business.

         market effect/influence factors analysis and future market can amount 化关注点:

         market can amount 化关注 focus/key point in supply, demand, macro 经济, futures, industry policy, cost and other, non can amount 化关注点投 machine demand, and 心态越 越 to market 青睐, for/regarding its 关注程 degree add deep.

        投 machine demand, is trade is, in or 抛售而引起 demand 变化. its in main/primary and 方面包括 trade 商 库存, cost, 资金状况以 and 心态.

        库存—— remove 却石化库存, lower 游库存, trade 商 库存就 is 社会资源 amount in main/primary formed separation. trade 商 库存 table/sheet 征 “蓄 water 池” 容 amount large small, water high market step/link 不畅, price rise force, 呈现走 soft 迹象;而库存偏 low, table/sheet market formed can, tool upper action force.

        资金状况—— trade if has pressure, 往往会 through low sales 货源以回笼资金, from 而导致 market 出现一 ultra- low 报价, in market trends 走势不明朗 情况 lower, 动摇人 gas. usually 讲, this type of for price effect/influence force has 限.

        心态—— this trade for rear 市 预期, and its is 否备货建仓直接 related, for short inner formed amount effect/influence relatively is obvious, from 而引导 price toward.

        实际 demand is lower factory production demand, effect/influence main/primary and 三方面. 第一, has 库存情况 for procurement machine effect/influence. lower factory 库存同样 is 社会资源总 amount separation, it high low and 否直接 effect/influence factory procurement time, for raw materials market formed is 一 不 can effect/influence factors. 第二, lower factory production conditions for construction start rate effect/influence, 直接关联 demand amount. this 一方面 main/primary in factory electrical, construction start rate 不足. 第三方面则 and lower factory products sales related, 1. product sales 淡旺季, 2. product sales price effect/influence factory procurement for cost control 3. various easy 会议 召开 for lower factory mono generate effect/influence, promote demand growth.