A brief comment on the market of China Plastics wa

On January 4, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

today, the overall trend of LLDPE warehouse receipt is still in the upward trend, slightly open low. After a small decline in the early stage of the intraday index, it reverses the upward trend, shocks higher, then the trend stabilizes, fluctuates sideways slightly, and closes higher across the board. The LLDPE index closed at 1441.28 points, up 7.03 points from the previous trading day. The index closed at Changyang line on the K-line chart, and the average inertia of 5 and 10 rises, The opening of the brin line is enlarged, the KDJ index is slowly rising, the green column of the MACD index continues to shrink, and the disk situation: the market trading is general, the intraday trading is relatively balanced, the majority of operations change hands, some buyers take back in the short term and have new forces to enter, while many sellers build positions at high prices, the transaction volume is significantly reduced, and the order volume is slightly increased

II. Analysis of main varieties:

ll0803 opened low and went high at 13580 yuan/ton. The price fluctuated upward in the early stage of the session, and then stabilized. The end of the session closed at 13595 yuan/ton. The settlement price closed at 13580 yuan/ton, up 64 yuan/ton compared with the previous trading day, and closed at an upward shift in the center of gravity of the positive line. 5 and 10 moving average inertia upward, the green column of MACD index narrowed, KDJ index moved slowly, and the transaction was poor. Both volumes decreased slightly

ll "quality" opened at 13545 yuan/ton in bide 0804, showing a fluctuating upward trend. At the end of the session, it closed at 13560 yuan/ton, and the settlement price closed at 13545 yuan/ton, up 87 yuan/ton compared with the previous trading day. The center of gravity of the daily K-line closed at the positive line, and the opening of the brin line was enlarged to make the final product. KDJ index rose slowly, the trading volume was general, the trading volume decreased slightly, and the order volume increased slightly

III. comprehensive analysis:

on Thursday, the price of crude oil futures market on the New York Mercantile futures exchange closed slightly lower, failing to hold the rise above the $100 mark for the first time. As the increase in the inventory of refined oil products in the United States outweighed the impact of the decline in crude oil inventories, which was greater than expected on the market, WTI and Brent closed at $99.18 and 97.6/barrel, down $0.44 and $0.24/barrel respectively; In terms of spot goods: the higher oil price has supported the market mentality to a certain extent. The market trend is mainly stable, and the prices of some varieties fluctuate slightly. On the whole, there are not many sources of goods in the market, and most of the downstream products are available at any time. Traders basically do not stock, and close when they see good. The enthusiasm of speculation is not high. In general, especially the price is too low. The market as a whole enables patients to heal while slowly rising after the holiday, but the LLDPE warehouse receipt transaction is still not a holiday, and it is expected that there may be some room for improvement in the future

(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