A brief comment on the market of China Plastics wa

On November 14, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

on Tuesday, the international oil price plummeted, and the LLDPE warehouse receipt had little impact. Supported by the strong support of the external market, it rebounded today, and all main warehouse receipts rose, opening low and opening low. After the intraday index fell, it rebounded, and finally closed up. The LLDPE warehouse receipt index closed at 1391.00 points, 1.12 points higher than the previous trading day, the index K line closed at the small positive line, and the 5-day average continued to decline, There was no significant change in the opening of the brin line, the MACD red column narrowed, and the KDJ index went down into the oversold area. The disk situation: the intraday sales volume was relatively large, some buyers closed their positions, and some sellers also took back their positions in the short term and entered the new air force. The order was slightly reduced, with a transaction of 1665 tons, an increase of 165 tons compared with the previous trading day

II. Analysis of main varieties:

ll0712 situation slightly warmed up, opened slightly lower, and the price of the previous session fell sharply. Then, after the buyer pulled up, it fluctuated higher, and the late session extended horizontally to the final session, closing up. The settlement price closed at 13044 yuan/ton, up 12 yuan/ton compared with the previous day. The daily K-line closed at the entity small positive line, and the 5-day moving average reversed downward, and closed at the "one" line on the 30 minute K-line chart. The red column of MACD index continued to shrink, and both volumes decreased

ll0801 opened low and went low. The price in the previous session fell slightly, and then reversed and rebounded. The intraday price fluctuated and consolidated, and the range fluctuated slightly horizontally. The last session closed up. The settlement price closed at 13080 yuan/ton, up 19 yuan/ton from the previous trading day. It closed at the small positive line on the daily K-line chart. The 5-day moving average inertia fell, the KDJ product was too viscous, the red column of MACD index narrowed, and the trading volume increased significantly, At the same time, downstream customers set out in large quantities from the perspective of reducing their own costs

III. comprehensive analysis:

the expiration of crude oil options on the New York Mercantile Exchange and the downward revision of the demand forecast by the International Energy Agency accelerated the fall in crude oil futures prices. In addition, the expected warm weather in winter made long speculators worried about the same market conditions as last winter, when x changed by one grating pitch W, WTI and Brent closed at $91.17 and $88.83 per barrel, down $3.45 and $3.15 per barrel respectively; In terms of spot goods: the market atmosphere is general, and the quotation continues to decline slightly. Most traders are in a good mood, and a few traders are confused. 8. After the test, they automatically archive and automatically obtain * large force, yield strength, tensile strength, modulus of elasticity, elongation, modulus of curvature and other data according to the experimental requirements. The overall transaction is general. Overall: spot and oil prices have weakened, and it is expected that the recent LLDPE warehouse receipts may be dominated by shock consolidation

(personal view, for reference only; based on this, enter the market at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content