The hottest LLDPE weekly review first rises and th

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[LLDPE weekly review] it is difficult to predict the market from rise to fall.

I. this week's market (from February 9 to February 13):

at the beginning of the week, the PE market continued to rise, but as downstream factories resisted high prices, the market weakened and fell from Wednesday, traders actively locked shipments, market prices fell, domestic petrochemical manufacturers continued to raise factory prices, and the inventory level was still low. As of February 13, the LLDPE warehouse receipt index closed at 868.91 points, down 39.82 points from last week. The specific trend of the week is as follows:

this Monday, the main warehouse receipt ll0904 opened higher and went higher, the price fluctuated all the way, and the end of the day closed at the positive line of the Shanghai film line; The main warehouse receipt ll0904 went flat on Tuesday, and the trading volume and order volume increased slightly compared with the previous trading day; Open low and walk low on Wednesday; On Thursday, the main warehouse receipt ll0904 opened low and went low. In terms of double volume, compared with the previous trading day, the trading volume and order volume decreased sharply, and l has good compatibility with PVC resin. The settlement price of l0904 is 8719 yuan/ton

the transaction details of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

LLDPE warehouse receipts were traded this Sunday (batch)

LLDPE warehouse receipt order quantity (batch)

this weekend

last weekend

rise and fall

this week

last week

increase and decrease

this weekend

last weekend

increase and decrease




↓ 433



↓ 99



↓ 3




↓ 419

II. Comprehensive analysis:

from the daily K-line chart of the index, This week, the K-line portfolio entity closed at three positive and two negative, and the entity was above the moving average. The weekly K-line showed that this week's entity closed at negative, KDJ began to have a downward trend, and the MACD red column area changed little. By this Sunday, the main variety ll0904, the K-line showed that its closing price fell to 8719 yuan/ton, which continued to decline compared with last week; Bol line opening operates horizontally; KDJ index is on the price track down

international crude oil continued to decline this week. As of the close of this Friday, WTI crude oil closed at $33.98/barrel, a decrease of 7.19 compared with last week; Brent crude oil was reported at $44.65/barrel, a decrease of 1.81 yuan/barrel compared with last week. Ethylene monomer continued to weaken, and the external market rose in December. The PE US gold market sales were poor this week. The latest mainstream quotation was USD/ton (CFR China/Southeast Asia), up $10/ton

spot: the PE market rose first and then fell this week. At the beginning of the week, affected by the factory price increase of Sinopec and PetroChina, the market quotation continued to rise slowly, and signs of weakness have appeared. On Wednesday, as the downstream factories resisted the high price of establishing the academician workstation of aluminum magnesium alloy materials, the transaction fell into a stalemate, and the PE market cooled and weakened. On Thursday, LLDPE in some markets in North China and East China was flat or upside down, but the overall transaction was not satisfactory in East China. The PE market processed and calculated the collected data for ten days in a row, and the downstream manufacturers reacted negatively to the high price, and the transaction situation was not optimistic. Traders did not dare to blindly report high prices, but instead focused on locking up shipments. Petrochemical manufacturers also suspended the pace of adjustment, and the ex factory price was stable, which formed a certain support for the market price. At present, downstream manufacturers have an appropriate supply of goods available, but with the digestion of supply, it is still inevitable to enter the market to get goods. Therefore, it is expected that the short-term market of PE market will mainly digest the early supply, and the market price will be weak and consolidated

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

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