Zhang Xiaoqiang, deputy director of the National Development and Reform Commission, said on the 14th at the 2010 Summer Davos Forum that the rise in CPI in August was caused by multiple factors. The government has the conditions to control the CPI growth rate within 3% of the regulatory target. Today, even after the plastic opened lower sideways, it oscillated. By 10:00, the warehouse receipts spot trend continued to diverge. The China Plastics Price Index fell 1.1 points to 987.79 points.
Opening early in the morning, China Plastics warehouse receipts index opened slightly lower, followed by a rebound, but the trend was weak and the index failed to turn red. At 10:00, the China Plastics warehouse receipts index reported at 921.65 points, down 1.89 points from the previous trading day.
In the morning, the domestic petrochemical major factory quotation was stable; Yuyao Plastic City raw material market price quoted in the morning, PP individual brand (R370Y/South Korea SK) rose 100 yuan / ton, PE part of the brand adjustment, the range of 100-150 yuan / ton, part of the PS rose 100-200 yuan / ton. China Plastics Spot Index reported 1108.34 points, up 0.1 points from the previous trading day.
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