In the non-ferrous metal sector rose this week as an example, copper, aluminum, zinc and other varieties for the global pricing of goods, domestic prices always follow the price of LME operation, but the rise was firstderived from inside.

On November 10th midday, when the main copper rose 5.99% over the same period in March, London copper total increase of only 2.3%, the price can get better recognition of the degree of internationalization of the disk, is still questionable.

Vigilance is needed, on the night of 11 trading futures market earthquake background, nonferrous metals, coal sector will usher in the next week or at the same time the plate callback, will undoubtedly have an impact on the index.

“The recent stock futures in the following sense, the recent futures rose is finished, the corresponding stock subject to compensatory growth. There are some funds see futures rose too much, can not continue to chase high, then flows into the corresponding underlying stock “, a private person said.

He pointed out that nearly three days in Shanghai and Shenzhen volume significantly, compared with the previous average of 400 billion, an increase of about 50%, is likely to have incremental funding approach, “near the end of the year, see private commodity market prices, to Bo a, after all the dividends, and next year the issue of product.”

“The size of the futures market is limited, due to the amount of money into the large, rapidly pushed up asset prices, and even to some extent, in the international market began leveraging” futures Deputy General Manager Jing Chuan said recently.

In fact, although the current round of rising commodity prices, some varieties have the fundamentals of supply and demand as a support, but rose too fast, the funds to promote the obvious signs, so the foundation is not solid.

In fact, across the two futures stock market investors are in the minority, but because of the two degree of correlation is limited, so the stock futures, stock speculation method “is not practical.
With the commodity market a comprehensive upgrade, increase the share of linkage effect.
In November 11th, for example, non-ferrous metals sector rose 3.72%, Nanshan aluminum, western mining and other 18 stocks closed limit.
At the same time, the steel and coal sector also rose to 2.35% and 2.21% respectively, the rise of the weight plates, no doubt on the day of Guan Chong prev 3200 points played a decisive role.

This is mainly due to the port of goods less, since September, port stocks fell to 50 thousand tons of low in recent years, the market of tradable goods less, give the seller a big boost market.
Sinopec’s operation intention is not clear

At present, benzene prices are not easy to change. At present, the domestic price rise, the lack of benzene shipment advantage, and many downstream and importers of imported goods inquiry increased enthusiasm if Sinopec raised, will attract the influx of imported goods, is not conducive to the operation of Sinopec; fell, although the lack of price advantage, but imports to Hong Kong demand cycle, domestic port goods less support price small probability of decline. Therefore, in general, are not easy to change the situation, the domestic benzene market or continue to safeguard stability, waiting for the late news guidelines.

In August, the market rose, the traditional peak season in crude oil rose sharply under the stimulation of bulk chemical products rose climax, but pure stable performance. The October accident benzene recovery high, Sinopec will continue to safeguard stability listing.

The national day of the festival, weak market expectations, due to the lack of domestic and outside weak trend go goods advantage for Sinopec is expected to cut.

However, after the national day back to the city, the festive atmosphere to stimulate traders to reduce in port goods less and hydrogenation of benzene to boost supply offer high rises and unexpectedly high turnover.

In fact, 8 months early Asian market performance is consistent, overall ascribed to the high range in 16 years. But since July with the Asian American arbitrage open Asian goods have been exported to the United States, resulting in the market since the beginning of September on the American market a substantial increase in the supply of the concerns, so the market downside risk increase.

But since late August fluctuated downward situation, which greatly hampered the Korean market, although the Korean market decline is not obvious, but the apparent lack of upward support, slightly adjusted frequently. The United States in October decline has continued to increase, the Asian American arbitrage closed, which also increased the Korea late sales pressure, prices continue to fear is limited, short-term upward is not easy.
The counter attack of the road is blocked
Outside 8 months a strong trend to improve significantly, the market focus successively higher, which also led to the trend of the domestic pure wave of small climax, just half a month of continuous increase of Sinopec three years to run high prices. But, then set down, continue to lack of domestic demand, and lower in September and on benzene demand reduction performance also restricts the pure price trend.
Sinopec to halt the troops and wait

since August, the global market trend is not consistent with benzene.
Since October, the global trend of differences, Asia and the United States there are differences, while the domestic market performance differentiation. News of the whole uncertainty aggravated market sentiment. Although Sinopec Guapaijie have remained stable for nearly two months, but the short-term Sinopec still lack the price adjustment window, price stability probability.
The trend of Asian American lack of coordination

this week listing price stable domestic phenol factory, traders down slightly, the weekend domestic factory price of 7155.56 yuan / ton, down 1.23% this week, compared to the same period last year rose 28.54%.

Analysis and review

Products: domestic market of phenol industry market weakness, lack of confidence in the market outlook this week, Mitsui and Yangzhou Shiyou continues to decline, other manufacturers remained stable. At present, the East China market price in 7000 yuan / ton 7000-7150 yuan / ton, North China, Southern China market price in 7150 yuan / ton.

The industrial chain: benzene market prices continue to rise, the overall bullish sentiment occupy the main, but no price adjustment plan of sinopec. The phenol downstream demand, purchasing enthusiasm is not high, the downstream domestic bisphenol A device started 72%; other downstream demand to the procurement of coking phenol.

Upstream market: as the dollar and oil drilling continued to increase, the crude oil market bearish heavy, however, the pipeline or the supply interruption phenomenon, slightly more crude oil prices, international oil prices in recent 50 mark saw. Ethylene monomer, good and bad news of the game, the price is stable. Upstream market to bring to market guide co..

Petrochemical: after the petrochemical stocks continued low, manufacturers support the current high pricing, plus play in the tight supply situation, very price intention does not change or will form a strong support on the spot.

Maintenance: Yanshan Petrochemical old pressure line 3 due to lack of raw materials began in October 9th to be expected to stop, driving time to be determined; Lanzhou petrochemical HDPE plant planned August 11th to October 8 day old parking maintenance, parking maintenance has full density device in May 18, 2013; Daqing petrochemical HDPE device C line; Jilin Petrochemical HDPE plant in October 18th began to overhaul maintenance for 7-8 days.

Japan takada balloon aftermath, Japan is the world’s largest tire manufacturer Bridgestone (Bridgestone) in the Chinese market also began to focus on the outbreak of tire quality complaints.

Nearly half of the time, Bridgestone faced complaints surge situation in the domestic market, and mainly gathered in the aspect of tire cracking.

According to the “Chinese business”, the current Bridgestone tire crack problems involving multiple brands, cracking occurred in one to two years, some owners reflect with Bridgestone tire cracking phenomenon occurred in the run in period.