Stocks continued to slump, warehouse receipts support index

October 10th, 10:00 China Plastics Price Index:
species
index
Change
China Plastics Price Index
1044.99
↑ 4.99
Plastic warehouse receipts index
976.34
↑ 6.31
China Plastic Spot Index
1159.77
↑ 0.51
In the past week, international oil prices fluctuated around $80 a barrel. The euro suffered strong resistance against the US dollar at 1.40. The benchmark crude oil price was also strongly supported at $80 a barrel. Market concerns return to fundamentals, French fuel shortage situation may affect the global, international oil prices are supported, Friday (October 22) New York Mercantile Exchange West Texas light oil December ** settlement price per barrel 81.69 US dollars, up 1.13 US dollars over the previous trading day.

The two-day meeting of the G20 finance ministers and central bank governors ended on the 23rd in Gyeongju, South Korea. The meeting reached a "historic agreement" on the reform of the International Monetary Union (IMF) share reform, confirming its commitment to emerging economies. Transfer of more than 6% of voting rights. After the share reform is completed, China’s share will rise to third place. The G20 also promised to avoid "competitive devaluation of the local currency", the so-called "exchange rate war." In recent days, even the plastics have opened higher and higher, and the gains have been greater. At 10:00, the China Plastics Index rose 4.99 points to 1044.99 points.

Opening early in the morning, China Plastics warehouse receipts index opened higher and higher, the gains gradually slowed down, the amount can be moderately amplified. At 10:00, the China Plastics Warehouse Receipts Index reported 976.34 points, up 6.31 points over the previous trading day.

In the morning, the domestic petrochemical major brands ex-factory price is basically stable; Yuyao Plastic City raw material market quoted in the morning, ABS part of the brand rose 100 yuan / ton, PP part of the brand adjustment, the range of 100-500 yuan / ton, PE part of the brand rose 100 yuan / ton, PS individual grades (825/ Panjin ethylene) fell 50 yuan/ton. China Plastics Spot Index reported at 1159.77 points, up 0.51 points from the previous day.

PCBN Inserts

BOHONG PCBN Inserts for cast iron

PCBN Inserts standard specifications:

2 tips :CNGA120408T02020

3 tips :CNGA160408T02020

Full face PCBN inserts:CNGN120408T02020

features:

- Precision ground cutting edge.

- 3 types of edge finish to suit different machining needs.

- Imported and high quality domestic PCBN material with excellent resistance to chipping and wear.

- International M grade accuracy.

Pcbn Inserts,Pcbn Inserts For Cast Iron,Cutting Tools For Gray Cast-Iron,Pcbn Inserts For Machining Finish

Henan Bohong New Material Co., Ltd , https://www.bohongpcd.com

Posted on