A brief comment on the HDPE market of China Plasti

On October 12, China Plastics warehouse receipt HDPE market brief comment

I. Market Overview:

due to the impact of crude oil prices closing at the second highest level in history on Thursday, today, China Plastics HDPE warehouse receipt opened low, but the external news was good, and the buyer's confidence was enhanced. Under the situation of low opening, the disk rebounded upward, climbed all the way, and finally closed up. China Plastics HDPE warehouse receipt index closed at 1006.11, up 0.91 points from the previous trading day. Technically, the daily K-line closed at short Yang, and the center of gravity entity rose, and was above the 5-day moving average; KDJ index rose slightly, subject to overbought areas; The opening of the brin line is enlarged, and the price line is on the upper rail; MACD index shows that it is in the market of long rising, and the red column is enlarged. Today's double volume has slowed down due to the rising market, but the trading volume is limited. In terms of transaction details, both the buyer and the seller have a lot of open and close positions, and many buyers take profits with new duos entering the market. It is expected that the warehouse receipts of China Plastics HDPE are mainly stable, with a slight rise

II. Analysis of main varieties:

hd0711 opened low with a jump of 12440 yuan/ton, and then it was in a horizontal shock and flat market trend in the front market. Buyers in the middle and rear market were ready to rush up to 12500 yuan/ton, fell slightly in the late market, and finally closed up with a closing price of 12490 yuan/ton. The settlement price increased by 12 yuan/ton compared with the previous trading day. The daily K-line closed at the Zhongyang line, and the center of gravity entity rose; KDJ index continues to rise, but it is still subject to oversold areas; The opening of the brin line is enlarged, and the price line is on the upper rail. Today's trading improved slightly, and the substantial growth rate is still limited

today, hd0712 jumped low and opened high at 12420 yuan/ton. In the early stage, due to the suppression of the seller, it always hovered at the bottom. The situation in the middle and rear market was good. The buyer pushed up and pulled up all the way, and the market finally closed up at 12480 yuan/ton. The settlement price increased by 10 yuan/ton compared with the previous trading day; The daily K-line closed at short Yang, and the center of gravity entity moved up; KDJ index appears golden fork, and is subject to oversold areas; The opening of the brin line is narrowed, and the price line runs along the medium rail; MACD index shows that there is a long upward trend, and the green column shrinks. Today's transaction increased slightly, with a small range

III. comprehensive comments:

crude oil futures closed at the second highest level in history on Thursday, as the previously released oil inventory data showed that crude oil supply was gradually tight. W common fault 6: Ti closed at 83.08 yuan/barrel, up $1.78; ICE Futures Exchange: Brent closed at $80.15/barrel in October, up $1.55. The quotation of ethylene in Asia has been adjusted, and the latest market price: CFR Southeast Asia quotation is in USD/ton, down 30 USD/ton; CFR Northeast Asia quoted us dollars/ton, down 5 dollars/ton. HDPE market in China plastic city is stable, and the inquiry atmosphere is acceptable. On the one hand, traders focus on the change of ex factory price of petrochemical enterprises, on the other hand, they maintain cautious operation. Because they feel it is difficult to grasp the current market, they are not enthusiastic about attracting goods. At present, the mainstream price of HDPE Market: wire drawing material yuan/ton, plastic injection material yuan/ton, film material yuan/ton, hollow material yuan/ton

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

source of information: China plastics trading

note: this reprint is for the purpose of transmitting more information, and does not mean to agree with its view or confirm that the tightening nut of its content is true and negative. 3. The professional who understands the structure of this experimental machine will carry out the force measurement of the load sensor, and the microcomputer will display the experimental force and experimental curve