Hottest China Plastics warehouse receipt LLDPE mar

On January 8, 2010, China Plastics warehouse receipt LLDPE market brief comment

I. fundamental news:

on Thursday (January 7), oil prices fell $0.52 to $82.66 per barrel. Today, the PE spot market has cooled significantly, and the oil price has fallen/the futures have fallen sharply, putting some pressure on the market. The warehouse receipt market was weak, the warehouse receipt index opened low and oscillated, the intraday decline expanded again, and the trend stabilized in the afternoon. At the close of 15:00, the China Plastics warehouse receipt index closed at 1003.41, down 15.05 points from the previous trading day

II. Technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll1003

11550

11600

11566

113

241

ll1004

11650

11660

11649

36

123

today) opening, slowly unscrew the oil delivery valve for loading test, LLDPE warehouse receipts open low and walk low, The market quickly fell to 1170.94 points, the lowest level in the day. Since then, the market bottomed out, recovered the 2-point decline, and entered the horizontal oscillation stage. The amplitude gradually decreased, marking a horizontal straight-line trajectory. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index fell 5.24 points to 1173.50 points. In the afternoon opening, there were few transactions, and the market continued to advance steadily, closing down in the middle of the late afternoon. The final LLDPE warehouse receipt closed at 1173.75 points, down 4.99 points or 0.42% from the previous trading day. The daily K-line of the index closed at the short positive line, falling below the 5-day and 10-day average at one fell swoop. The MACD index was close to the double line, the red column was significantly shortened, the KDJ index fell rapidly, the opening of the BOL line narrowed slightly, and the price line fell below the middle track. Today's trading volume is average, with 151 batches of trading volume and 381 batches of ordering volume

the main variety ll1003 opened low at a medium range of 11550 yuan/ton. The market continued to oscillate, and the price center remained parallel. At the end of the day, it suddenly rose, recovering part of the decline. At the end of the session, ll1003 closed at 11600 yuan/ton, down 24 yuan/ton, and the daily K line closed at the short positive line

III. future forecast

crude oil fell slightly, ethylene soared in Asia, and petrochemical manufacturers postponed the rise. Merchants concentrated on shipping and locked profits, and the offer fell by about 100 yuan/ton, and there was an upside down phenomenon. The enthusiasm of downstream demand is not high, and high-level transactions are blocked. Today, the LLDPE warehouse receipt market trend was weak, the market oscillated after the fall, and the transaction was significantly cooled. It is expected that the high-level consolidation will prevail in the future

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