The hottest LLDPE weekly review spot hype foam eli

2022-08-15
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[LLDPE weekly review] spot hype foam, elimination of warehouse receipts, rational return

I. this week's market (June 10 to June 13):

in the middle of this week, the LLDPE warehouse receipt market rose first and then declined, the price began to decline under the influence of spot, and the trading tension of traders was relieved. By the end of the weekend, the LLDPE warehouse receipt index had closed at 1641.37 points, down 44.46 points from last week. The specific trend of the week is as follows:

due to the Dragon Boat Festival holiday, there are only four trading days this week. On Tuesday, the main warehouse receipt ll0808 opened higher and went higher, and the intraday price fluctuated all the way up. At the end of the day, the K-line entity closed at the long positive line; On Wednesday, the main warehouse order ll0808 opened higher and went higher, and the intraday price fluctuated all the way down. In the late trading, the K-line entity closed at the long negative line, and the 5-day moving average fell upward and was subject to the entity. The moving average system was in a long divergent arrangement, the selling order was significantly strong, and the price was lower than that of the previous trading day; On Thursday, the main warehouse receipt ll0808 opened higher and went higher. Ll0808 also caused serious environmental pollution at the closing price of 15678 yuan/ton, and the settlement price was 15742 yuan/ton; On Friday, the main warehouse receipt ll0808 went flat, the intraday price began to decline, the trading volume decreased significantly, and the order volume changed little

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

ll0807

15297

15840

↓ 87

1262

1173

↑ 89

911

879

↑ 32

ll0808

15427

15987

↓ 560

comprehensive analysis:

from the daily K-line chart of the index, this week's K-line combination entity has double Yang and Yin, The 5-day moving average began to decline. The weekly K-line shows the meteor line of this week's physical report, the KDJ index is passivated, and the area of MACD red column changes little. By Friday, the daily K-line of the main variety of ll0808 showed that its closing price fell to 15427 yuan/ton, and the market trend is not clear; Bol line opening operates horizontally; KDJ index is on the price track down

the international oil price trend rose all the way this week. As of the close of this Friday, WTI crude oil closed at $136.74/barrel, up $8.95/barrel from last Friday; Brent crude oil was reported at 136.09 US dollars/barrel, up 8.55 US dollars/barrel from last Friday. The supply of PE US gold market was tight this week, and the quotation rose due to the rise in crude oil prices and the better atmosphere in the domestic market. Crude oil and ethylene monomers remained strong at high levels, and external prices rose

spot: Although the protection requirements of the product itself are relatively good, there are still many bright spots in the PE market, such as the high level of crude oil and the continuous rise of ethylene, but the market supply is limited. Due to the rise of petrochemical this week, it has been difficult to promote the further rise of market prices, traders have shipped one after another, while the enthusiasm of downstream factories to receive goods is not high, and the transaction is deadlocked. After the continuous rise near the stage of relatively loose internal structure, petrochemical manufacturers have successfully narrowed the distance between their ex factory prices and the market prices that rose too sharply in the early stage, but the overall inventory is low, and middlemen begin to watch carefully. Some manufacturers have limited supply, but with the gradual increase of high cost pressure, some small and medium-sized downstream factories have stopped production to wait and see. As the source of goods is consumed, the strong support of the ex factory price to the market will be reflected. Businesses will not lose money to ship goods, and are bound to increase their quotations. In other words, market adjustment is normal and long-term bullishness is firm

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

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