A brief comment on the HDPE market of China Plasti

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On March 11, China Plastics warehouse receipt HDPE market brief comment

aluminum lithium alloy and carbon fiber composites are the main materials for aircraft in the new era, market overview:

today, oil prices rose moderately, and China Plastics HDPE warehouse receipt market showed a rising state. In terms of transaction details, the trading atmosphere was slightly cold today, and the trading volume was slightly lower than the day before yesterday. The HDPE index closed at 1099.87 today, up 1.05 points from yesterday. From the technical point of view, a small positive line was taken out on the daily K-line chart of HD continuous chart, and the physical center of gravity remained stable, standing above the 30 day moving average, and the 5-day moving average continued to be put on; KDJ index rose sharply, causing overbought areas; The opening of the Bollinger line extends slightly horizontally, and the entity is sorted out on the price track; MACD indicator red column amplification

II. Analysis of main varieties:

today's hd0805 main warehouse receipts opened slightly higher at 13520 yuan/ton, which actually can't be compared horizontally. The overall price trend has basically been in a high-level shock recovery trend, with a general fluctuation range. The closing price was 13525 yuan/ton, and today's settlement price was 13525 yuan/ton, up 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 moved upward, the KDJ index was passivated, the MACD red column was amplified, and the aftermarket was basically dominated by high-level shocks

III. comprehensive comments:

basically, WTI crude oil rose $2.75 to $107.9/barrel in New York commodity futures trading, and Brent crude oil rose $1.78 to $104.16/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 is in a good situation, and the price is rising at a high level. The higher the price is, the higher the risk is. The haze of the film is generally expressed by the light scattering ability of the film. Downstream factories maintain buy as you use, and traders are more cautious in operation. Therefore, although the transaction is generally OK, the high price inhibits effective demand after all. Mainstream market price: good humanized design makes the experimental operation easier. HDPE: wire drawing material yuan/ton, plastic injection material yuan/ton, film material yuan/ton, hollow material yuan/ton

on the whole, at present, the market is still dominated by favorable factors, the support of international crude oil is strong, market resources are general, and traders' enthusiasm for speculation is general

(personal view, for reference only; enter the market accordingly, at your own risk)

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