A brief comment on the market of China Plastics wa

On December 29, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

on Friday, the international oil price slightly adjusted back, but it did not affect the LLDPE warehouse receipt. After the opening low, the previous session index fell slightly, and then, driven by the strength of the buyer, it rebounded and rose, from decline to rise, and continued to close higher on the last trading day of 2007. The LLDPE index closed at 1423.24 points, up 1.05 points from the previous trading day, At the end of the day, the center of gravity of the positive line moved up, and the 5-day moving average slowly crossed the 10-day moving average, which was located below the entity. The opening of the brin line narrowed slightly, the KDJ index accelerated the upward movement, and the green column of the MACD index also narrowed significantly. The disk situation: the large-scale trading was general, and the buying volume accounted for a large proportion. It is understood that many sellers, Jin min, as the leader of the world's 3D printing modified materials, closed their positions and entered the new air force, while many buyers took in bargain hunting, The trading volume increased by 250 tons, and the order volume was average

II. Analysis of main varieties:

ll0801 the overall fluctuation of the disk is more obvious, with a small low opening of 13380 yuan/ton, which can effectively prolong the service life of the experimental machine. The disk price opened low and went low. The intraday trend began to warm up and go high, from decline to rise. At the end of the day, it closed at 13437 yuan/ton, and the settlement price closed at 13414 yuan/ton, up 10 yuan/ton from the previous trading day. It closed at the Zhongyang line on the daily K-line chart, and the average of 5 and 10 slowly rose, The opening of brin line is reduced, the upward range of KDJ index is increased, the green column of MACD index is reduced, the trading volume is slightly increased, but the order volume is reduced

ll0803 opened low at 13380 yuan/ton, and the intraday price was a small line in the early stage. Then the buyer had strong confidence in rising, reversing and surging upward. The rise slowly amplified, and the end of the session closed higher. The settlement price closed at 13407 yuan/ton, up 16 yuan/ton from the previous trading day, and closed at the small positive line. The center of gravity moved upward, KDJ index continued to rise, the green column of MACD index narrowed, and both volumes decreased

III. comprehensive analysis:

due to the end of 2007 and the lack of fundamental support, international oil prices took profits after rising for four consecutive trading days on Friday. As of the close, WTI and Brent closed at $96 and $93.88 per barrel, down $0.62 and $0.9 per barrel respectively; Spot: as the new year's Day is approaching, the market atmosphere is relatively cold, most traders are out of the market, offer less, the price is basically stable, and transactions are rare. Most of the transactions today were supplied during the festival, with 5000S at 13650 yuan/ton, the price fell slightly, 5301b yuan/ton, and 5306j out of stock. Overall, the overall holiday atmosphere has slowly entered, but the LLDPE warehouse receipts are generally general, and it is expected that there may be some upside after the holiday

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

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content