A brief comment on the market of China Plastics wa

On January 10, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

international crude oil prices fell slightly. LLDPE opened higher today and rose slightly to close at 1445.24, up 0.63 points from the previous trading day. On the trend chart, the daily K-line closed at the bareheaded and barefoot Yang line, and the center of gravity entity moved up slightly, intersecting with the 5-day moving average, and other moving average were arranged below the entity. The brin line is enlarged by the mouth, the KDJ index is moving forward smoothly, and it is still subject to overbought areas, and the MACD red column is expanded. Compared with the previous trading day, the trading volume increased significantly, and the order volume was relatively stable

II. Analysis of main varieties:

ll0803 opened at 13570 yuan/ton, rebounded after a slight decline in the early stage, and rose in a narrow range. The latest price was 13616 yuan/ton, and the settlement price closed at 13610. The production mode changed from "centralized" to decentralized yuan/ton, up 7 yuan/ton compared with the previous trading day. Technically, the daily K-line closed at the bareheaded and barefoot Yang line, and the center of gravity entity moved up, only intersecting with the 5-day moving average. The red column of MACD index expands, the KDJ index advances slowly, and the opening of brin line expands. The market performed well. Compared with the previous trading day, the trading volume and order volume did not change much

the opening price of ll0804 was 13550 yuan/ton. After the initial price fell, it rebounded with the support of the buyer. After the week, it fluctuated slightly all the way to the end of the market, and the settlement price closed at 13606 yuan/ton, up 4 yuan/ton from the previous trading day. On the daily K-line chart, it closed at the barefoot Changyang line, and the center of gravity entity rose and intersected with 3 tensile test lines for each batch of 5-day average "grade B steel" wires, and the rest of the average lines were arranged below the entity. The opening of the brin line was enlarged, the KDJ index was stable, the market performed well, the trading volume increased by nearly 1/3 compared with yesterday, and the order volume also increased

III. comprehensive analysis:

international crude oil has recently been dominated by consolidation, with WTI and Brent closing at $95.67 and $94.37/barrel, down $0.66 and $1.17/barrel respectively; Spot: the market basically hopes to help you. It is in an consolidation situation, with mutual rises and falls, and the range is limited. As the market demand is still sluggish, most traders and downstream users are on the sidelines. It is expected that prices will mainly be adjusted in recent days, and the increase will not be too large

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

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