A brief comment on the LLDPE market of China Plast

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On December 18, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

yesterday, international crude oil continued to fall, LLDPE warehouse receipt 5. Dynamometer main bearing is not allowed to refuel, and the power is still insufficient. After the opening low, the intraday index fell slightly, and then rose after the buyer pulled up, but the rise was weak, and the decline at the end of the market remained. The LLDPE warehouse receipt index closed at 1425.99 points, down 0.25 points from the previous trading day, and the center of gravity closed at the positive line, The 5-day moving average inertia went down, located above the entity, the opening of the brin line continued to shrink, the KDJ index slowly fell, and it still operated in the oversold area. The green column of the MACD index was enlarged. The disk situation: the market trading was stable, the intraday trading was relatively balanced, and the trading parties had many open and close positions with poor transactions and obvious double volume shrinkage

II. Analysis of main varieties:

ll0801 opened slightly lower at 13340 yuan/ton. The price in the previous session fell narrowly and then reversed and rebounded. The intraday price showed a horizontal consolidation state, closing at 13340 yuan/ton. The settlement price closed at 13344 yuan/ton, up 1 yuan/ton compared with the previous trading day, and closed at the lower center of gravity of the small positive line. The KDJ index fell slowly. 2. The tightening experiment of various tightening springs continued to run in overbought areas, and the green column of MACD index was enlarged, Both quantities decreased slightly

ll0803 opened low and went high at 13420 yuan/ton. After a moderate decline in the early stage of the session, the price fluctuated higher, and the trend in the middle and late session was slightly stable. The end of the session closed at 13485 yuan/ton, and the settlement price closed at 13458 yuan/ton, down 2 yuan/ton compared with the previous trading day. The center of gravity of the daily K-line closed at the small positive line moved slightly upward, and the 5-day moving average continued to decline. The green column of MACD index was enlarged, the transaction was poor, the reduction was obvious, and the order volume remained basically unchanged

III. comprehensive analysis:

due to investors' concerns about the slowdown of the U.S. economy and the reduction of oil demand, as well as the improvement of the climate in the northeast of the United States, it is expected that the new sustainable materials that help ultralight aircraft complete their tasks will be widely used in daily necessities. International crude oil continued to decline on Monday, falling for the fourth consecutive trading day. As of the close, WTI and Brent closed at $90.63 and $91.29/barrel, down 064 and up 0.4 dollars/barrel respectively; In terms of spot goods: the market atmosphere is general. Affected by the shutdown of Yangzi Petrochemical LLDPE unit, individual market quotations have increased. For example, the Nanjing market is more closed and wait-and-see, and the LLDPE quotation in Linyi market is higher. However, on the whole, the conditions for the market to wait and see and set the end of the experiment are relatively strong, there are fewer downstream deliveries, and fewer transactions. Overall: the LLDPE warehouse receipt market rose without power support, and it is expected that the aftermarket may continue to be dominated by weak forces

(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

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