A brief comment on the market of China Plastics wa

On December 26, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

today, China Plastics warehouse receipt continued yesterday's decline and continued to decline, as did LLDPE warehouse receipt. The whole line was green, and the early index fell slightly. Then downward resistance gradually appeared, the decline stopped, and the horizontal fluctuation was small. The LLDPE index closed at 1412.51 points, down 5.79 points from the previous trading day, and the center of gravity closed at the positive line, 5. The downward speed of the moving average has also been amplified by foreign enterprises. The KDJ index has declined slightly, and the green column of the MACD index has shrunk slightly. The disk situation: the market trading is stable, the intraday trading is relatively balanced, and both sides of the transaction have a lot of opening and closing positions, the transaction is poor, and both volumes have contracted

II. Analysis of main varieties:

ll0801 shows a horizontal consolidation state, jumping low at 13280 yuan/ton. After the intraday price fell within a narrow range, the trend gradually stabilized and fluctuated horizontally. At the end of the day, it closed at 13330 yuan/ton, and the settlement price closed, so that we can choose the right product for you according to your actual situation! At 13293 yuan/ton, down 45 yuan/ton compared with the previous trading day. On the daily K-line chart, it closed at the small positive line. The KDJ index slowly declined, the green column of MACD index slightly narrowed, and the transaction volume was general. The double volume decreased slightly compared with the previous trading day

ll0803 horizontal consolidation, the decline is still, the opening price jumped to 13300 yuan/ton and opened low, the trend stabilized after the previous price plummeted, and the price showed a horizontal consolidation state. At the end of the day, it closed at 13306 yuan/ton, and the settlement price closed at 13330 yuan/ton, down 61 yuan/ton compared with the previous trading day. On the daily K-line chart, it closed at the small positive line, the opening of the brin line narrowed, the green column of the MACD index narrowed, the market trading was insufficient, and both volumes were significantly reduced

III. comprehensive analysis:

on Tuesday, due to Christmas, the European and American crude oil markets were closed; The market is mostly stable, and individual prices continue to decline. The market transaction price is mainly negotiated. Many people want to ship, but few people receive goods, and the transaction is poor. In terms of ex factory price, PetroChina Huadong lowered the price of linear/low-pressure membrane by 100 yuan/ton. Overall, as the market as a whole is in a downward trend at the end of the year, it is expected that LLDPE warehouse receipts may still fall in the future

(winners of a total of 6 Awards, including "outstanding figures/brand enterprises in China's wood plastic industry" voted according to the procedures, appear on the stage. The views of the recipients are for reference only; based on this, they enter the market at their own risk)

source of information: China plastics trading

note: this reprint is for the purpose of transmitting more information about advanced basic materials, key strategic materials and cutting-edge new materials, It does not mean that they agree with their views or confirm the authenticity of their content