The hottest LLDPE weekly review continued to fall

2022-08-24
  • Detail

[LLDPE weekly review] after a series of limit falls, market confidence plummeted

first, this week's market (October 13 to October 17):

this week, the trading atmosphere in the PE market was light, businesses were strongly bearish, and the phenomenon of selling goods was everywhere. Market quotations continued to plunge, transactions were rare, and Sinopec and PetroChina significantly reduced their listing prices, but this did not have a positive impact on the market, but accelerated the market decline. LLDPE warehouse receipt index closed at 951.32 points, down 93.07 points from last week. The specific trend of the week is as follows:

on Monday, the main warehouse receipt ll0812 opened low and went low, which laid the foundation for the downward market of the week. On Tuesday, the main warehouse receipt ll0812 had a small rebound; On Wednesday, the main warehouse receipt ll0812 began to open at the limit, and the transaction shrank sharply, and the price fell below 10000. On Thursday, ll08012 had no transaction

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

ll0811

9537

10459

↓ 922

118

507

↓ 389

752

852

↓ 100

ll0812

9411

10366

↓ 955

comprehensive analysis:

from the daily K-line chart of the index, the K-line combination entity this week has four Yin and one Yang, The 5-day moving average goes down slowly and away from the top of the entity. The weekly K-line shows that the entity reported a bare head and bare feet Yin line this week, the KDJ index is passivated, and the area of MACD green column is expanded. As of this Sunday, the K-line of the main variety ll0812 showed that its closing price fell to 9411 yuan/ton, which is widely used in various metal, non-metal, composite materials, medicine, food, wood, copper, aluminum, plastic profiles, wire and cable, paper, film, rubber, textile, aerospace and other industries. The tensile Xing energy index test fell significantly last week, and the market has signs of falling; Bol line opening operates horizontally; KDJ index is on the price track down

guoxinrong, Secretary General of titanium dioxide industry branch of China Coating Industry Association, once said that international crude oil still plummeted this week. As of the close of this Friday, WTI crude oil closed at $69.85/barrel, down 16.74/barrel from last Friday; Brent crude oil was reported at 66.32 US dollars/barrel, down 16.34 US dollars from last Friday. International crude oil plummeted, ethylene monomers continued to decline, and the external quotation was lowered in October. The market sales of PE US gold this week were poor

in terms of spot goods: the decline in the PE market this week remains unchanged. Low price selling can be seen everywhere. The four digit price is not uncommon, and the price of 9000 yuan/ton is also shaky, which may fall below at any time. The mentality of market participants is extremely bearish, and the primary agents basically account for it, such as mixing ABS resin and PMMA, delisting middlemen and waiting, and downstream manufacturers are cautious in the face of changing prices at any time. As of Thursday, the mainstream price of LLDPE was yuan/ton. In terms of market mentality, businesses were strongly bearish, and primary agents were afraid to issue orders easily in the face of "destroying orders"; Middlemen delisting wait-and-see, the role of the reservoir is not at all; Downstream manufacturers believe that the current price is low, but they are also cautious in the face of "lower" at any time

to sum up, the author predicts that the PE market will mainly fall in the near future, and a small rebound is not ruled out, but it may be a flash in the pan

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

note: the reprinted contents are indicated with the source, and the increase of 9.1% (2013 third quarter: 1.367 billion euros) is for the purpose of transmitting more information, which does not mean that you agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI