A brief comment on the HDPE market of China Plasti

2022-10-15
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On March 13, China Plastics warehouse receipts HDPE market brief comment

I. Market Overview:

today, oil prices rose slightly, China Plastics HDPE warehouse receipts market volatility, weak finishing. In terms of transaction details, today's trading atmosphere is better, the trading volume is larger than the day before yesterday, and the order volume is slightly reduced. The HDPE index closed at 1096.00 today, up 0.52 points from yesterday. From a technical point of view, HD's continuous chart shows a straight line on the daily K-line chart, and the physical center of gravity falls, which is supported on the 10 day moving average, and the speed of threading on the 5-day moving average slows down; KDJ index shows a golden cross downward; The opening of the brin line is slightly enlarged, and the entity is arranged near the middle price track; MACD indicator red column amplification

II. Analysis of main varieties:

today's hd0805 main warehouse orders opened slightly flat at 13470 yuan/ton, and the overall price trend has basically been in a high-level fluctuation trend, with a general fluctuation range. The closing price was 13485 yuan/ton, and today's settlement price was 13476 yuan/ton, down 10 yuan/ton from the previous trading day. In terms of technology, the Japanese K-line received a short positive line, the physical center of gravity extended horizontally, the KDJ index showed a golden fork, the MACD red column amplified, and the aftermarket was basically dominated by high-level shocks

III. comprehensive comments:

basically, the New York commodity period can display and record the experimental data in real time, print and trade WTI crude oil up $1.17 to $109.92/barrel, Brent crude oil up $1.02 to $106.27/barrel. The latest closing price of ethylene in Asia was stable, CFR Northeast Asia reported USD/ton, and CFR Southeast Asia reported USD/ton

the PE market in China plastic city continues to strengthen and the price rises steadily. Due to the recent sharp rise in crude oil prices, which has driven the high price of the external market. Affected by this, domestic petrochemical enterprises have raised factory prices, which directly drove the rise of market prices. However, the downstream cooperation is weak and the demand support is poor, so the transaction situation is general. Mainstream market price: HDPE: wire drawing material yuan/ton, plastic injection material yuan/ton, film material yuan/ton, hollow material yuan, and all have been sold/ton

on the whole, the current market shock consolidation, the high support of international crude oil, general market resources, traders' wait-and-see mentality appears, and it is likely that the aftermarket will continue to fluctuate

(personal view, for reference only; based on this, Evonik has provided a large number of innovative products for composite materials at its own risk)

note: the source of this reprint is indicated, and the reprint is for the purpose of transmitting more information, which does not mean that it agrees with its view or confirms the authenticity of its content

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