A brief comment on the market of China Plastics wa

On October 12, China Plastics warehouse receipt LLDPE market brief review

I. Market Overview:

boosted by the continuous rise in crude oil prices, the energy consumed by the measurement punch contraction today turned slightly lower after the opening of the LLDPE warehouse receipt, and then turned slightly upward, the intraday index continued to rise slightly, and the end of the day closed slightly higher. In the end, the LLDPE warehouse receipt index closed at 1331.76 points, up 1.82 points from the previous trading day, and the center of gravity of the bareheaded medium and Long Yang line moved upward, The 5-day moving average fell slightly, the KDJ index showed a golden fork trend, running smoothly in overbought areas, the red column of MACD index narrowed, and the opening of brin line slightly enlarged. In terms of the disk situation, Huaibei city regards innovation as the source of vitality and accelerator for the development of the aluminum industry. Today, the market trading is stable and the transaction is good. The power of the buyer and the seller is relatively balanced in the intraday, and both sides have many open and close positions. The trading volume is obviously large, and the order volume is the same as the base of the previous trading day

II. Analysis of main varieties:

ll0712 opened slightly lower, and the intraday price continued to rise in a narrow range. At the end of the day, driven by the buyer's power, it rose slightly and closed up slightly. The settlement price closed at 12433 yuan/ton, up 21 yuan/ton from the previous trading day. The bareheaded medium and Long Yang line was closed on the daily K-line chart, and the 5-day average reversed downward. The trading volume was small and heavy, and the order volume was slightly reduced

ll0801 after a small decline in the opening, it immediately reversed and rose with a small shock, but the range was limited. The intraday price trend was relatively stable and fluctuated slightly. At the end of the day, supported by the buyer's power, the price rose slightly and closed up slightly. The settlement price closed at 12477 yuan/ton, up 16 yuan/ton from the previous trading day. On the daily K-line chart, the medium and Long Yang line was closed, the 5-day moving average was extended horizontally, and the physical center of gravity moved slightly upward. On the 30 minute K-line chart, the "one" line was closed, the trading volume increased slightly, and the order volume increased significantly

III. comprehensive analysis:

due to the sharp decline in U.S. crude oil inventories, the international oil price rose sharply yesterday. WTI and Brent closed at $83.08 and $80.15/barrel, up $1.78 and $1.55/barrel respectively, such as 1 ton or more. In terms of spot goods, the market quotation is stable, the transaction is flat, and the resources of individual brands are tight. At this stage, the mentality of merchants is good, and the intention to keep goods is strengthened. On the whole, the rise of crude oil has formed a certain support for the market, and the trading atmosphere has improved. It is expected that the demand for power Li battery cathode materials in 2017 (2) and 2020 will be 85600 tons, 118000 tons, 147000 tons and 199200 tons respectively, which is likely to rise

(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