A brief comment on the LLDPE market of China Plast

On March 3, China Plastics warehouse receipt LLDPE market brief review

I. market overview

opening this morning, China Plastics warehouse receipt LLDPE opened slightly lower, and began to rise with the increase of order volume until intraday shock, and then slowly rose until the end of the day, and closed slightly higher in the end. The warehouse receipt LLDPE index closed at 1479.29. The daily K-line chart closes the bare head positive line, the entity goes down, the trading center moves down, the average line is arranged in multiple heads, the opening of the brin line tends to become larger, and the KDJ line continues to be maintained in the oversold area, so as to ensure the safety of personnel during operation and prolong the service life of the plastic tensile testing machine, and the red column of MACD index gradually enlarges. The order volume decreased slightly compared with the previous trading day, and the trading volume increased slightly compared with the previous trading day when the experimental material was GH2132 alloy

II. Analysis of main varieties

ll0804 experimental method for the combustion performance of small amplitude low hard foamed plastics at the opening. The vertical combustion method GB 8333 (8) 7 opens and walks low, and the plate vibrates in a wide range, rising rapidly near the end, and finally closes in a small range, with large overall fluctuations. The settlement price closed at 14020 points, up 64 points from the previous trading day. The daily K-line chart closed at the positive line, and the entity was higher than the 5-day and 10 day average. The order volume decreased slightly, and the trading volume increased slightly

ll0805 opened slightly lower and fluctuated widely in the session. After the session, it climbed rapidly until the end of the session, and closed slightly higher in the end. The settlement price closed at 14000 points, up 39 points from the previous trading day. The daily K-line chart closes the small positive line, the 5-day and 10-day moving average are arranged in a long line, and the opening of the brin line is obviously enlarged. The order volume increased, but the trading volume decreased

III. comprehensive analysis

the settlement price of crude oil futures fell on Friday, as investors took profit after the oil price hit a record high in a week, but the upward trend showed no sign of losing momentum in the near future. While oil prices hit record highs, it will be difficult for OPEC to decide to reduce production at its meeting in Vienna on March 5. As of the close, WTI and Brent closed at $101.84 and $100.10/barrel respectively, down $0.75 and $0.80/barrel respectively; Spot: the price of LLDPE Yuyao plastic city is relatively stable without major changes, and Yanshan Petrochemical fell slightly by 50 yuan/ton. Prices remained stable and market fundamentals improved slightly

on the whole, LLDPE will not fall sharply and will continue to maintain the consolidation trend

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