At 10 o'clock on Monday morning, the China Plastics Index reported 936.91 points, up 2.78 points from the previous trading day.

The early morning warehouse receipts opened higher and higher. In early trading, we opened 2.80 points higher at 854.48 points. After opening, warehouse receipts narrowed down. After 9:08, the stock rebounded and the strength was increased. China Plastics Warehouse Receipts Index was 855.98 points per 10 hours, up 4.31 points over the previous trading day. Volume of 1835 batches, an increase of 1270 tons at the same time as the previous trading day, order quantity of 24855 batches, compared with the same period the previous day to reduce 810 tons. The price has risen and the weak upward trend has dominated.

Morning spot market price is steady and small. Morning domestic petrochemical ex-factory price, part of the PE brand rose 50 yuan / ton, plastic spot index 10 times 1113.47 points, compared to the previous deal Yuyao Plastic City raw material market latest offer, ABS part of the trademark rose 50-100 yuan / ton, PP part Grades were mixed, ranging from 50-300 yuan/ton, some PE grades rose 50-400 yuan/ton, and individual PS grades (123/Shanghai Secco) were up 50 yuan/ton. China Plastics' spot index reached 1134.10 in 10 hours, an increase of 0.51 points over the previous trading day.

Overall analysis: The early morning and early morning index movements were all positive. U.S. crude oil rose sharply on expectations of an optimistic monetary policy. The October crude oil settlement price on the NYSE rose 1.85 U.S. dollars to 96.47 U.S. dollars, or 2%. On the face of warehouse receipts, the quotation is generally popular, with gains ranging from 0.28% to 0.74%. The warehouse receipts are reduced in details, and businesses have a strong wait-and-see attitude at the beginning of the week, and their enthusiasm for admission is not high. The spot market maintained a small uptrend, the fundamentals remained weak, the demand was difficult to follow up effectively, and the economic uncertainty in Europe was a drag on the market. The market was always in a pattern of shock consolidation, and the bulls were relatively weak. In the news, on September 1, the National Bureau of Statistics released China's Manufacturing Purchasing Managers Index (PMI) of 49.2% in August, a decrease of 0.9% from the previous month, marking the first time since the 9th month.

The current rebound in the index is expected to take place, but the rebound height will be constrained by the economic downturn. In the afternoon, the index may show a concussion pattern in the game of economic downturn and policy expectations.