The market is not yet crazy and there is still a new high

November 8th, 10:00 China Plastics Price Index:
species
index
Change
China Plastics Price Index
1101.74
↑ 8.35
Plastic warehouse receipts index
1042.75
↑ 8.96
China Plastic Spot Index
1202.76
↑ 1.63
According to data released by Washington, the employment data of the United States in October was strong and the international oil price rebounded again to the highest level in 25 months. However, the US employment data also pushed up the U.S. dollar exchange rate. Friday (November 5) New York Mercantile Exchange West Texas Light Oil December ** settled at $86.85 a barrel, up $0.36 from the previous trading day.

Ministry of Industry and Information Technology Minister Li Yizhong revealed on the 6th at the fourth round of Chinese and foreign multinational CEOs' round table that it is estimated that the energy consumption of industrial units will drop by 4% in the first three quarters of this year, and the industrial added value is expected to increase by more than 13.5% this year. Analysts believe that hopes of accomplishing emission reduction targets will increase significantly during the year. Even the plastics have opened higher and higher today, and the gains have been considerable. At 10:00, warehouse receipts continued to rise. The China Plastics Index rose 8.35 points to 1101.74 points.

Opening early in the morning, the China Plastics warehouse receipts index opened higher and higher, and the gains rapidly expanded. At 10:00, the China Plastics warehouse receipts index reported 1042.75 points, up 8.96 points over the previous trading day.

Morning domestic petrochemical major factory quotation, PP part of the brand rose 200-400 yuan / ton, PVC individual brand (SG3-5 / Hebei Bao Shuo) rose 200 yuan / ton, PE part of the brand rose 50-800 yuan / ton; Yuyao Plastic City raw material market quoted in the morning, ABS part of the trademark rose 100-300 yuan / ton, PP part of the brand rose 100-300 yuan / ton, PE part of the brand rose 100-200 yuan / ton. China Plastics Spot Index reported 1202.76 points, up 1.63 points over the previous trading day.

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