Hottest on January 11, 2010, China Plastics wareho

2022-08-14
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On January 11, 2010, China Plastics warehouse receipt LLDPE market brief comment

I. fundamental news:

oil prices rose $0.09 to $82.75 per barrel on Friday (January 8). Today, the plastic spot market is stable and small, and some materials are expected to show signs of weakness. Downstream demand is still poor and the trading atmosphere is light. The trend of the warehouse receipt market was good. The warehouse receipt index rose rapidly soon after the opening, and then maintained a small consolidation and maintained a large increase. At the close of 15:00, the China Plastics warehouse receipt index closed at 1013.30, up 9.89 points from the previous trading day

II. Technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume

ll1003

11600

11625

11608

99

232

ll1004

11660

11700

11690

42

132

today's opening, LLDPE warehouse receipts opened slightly higher, after the early market rose rapidly, the sideways oscillation, the amplitude is not large. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 3.07 points to 1176.82 points. In the afternoon opening, the market rose slightly and closed up slightly in the late afternoon. Finally, LLDPE warehouse receipts closed at 1177.63 points, up 3.88 points or 0.33% from the previous trading day. The daily K line of the index closed at the short positive line, the interior of the entity intersected with the 10 day moving average, the MACD index was close to the double line, the red column was significantly shortened, the KDJ index continued to fall, the opening of the BOL line was significantly narrowed, and the price line intersected with the medium rail. Today's trading volume is average, with 163 batches of trading volume and 367 batches of ordering volume

the main variety ll1003 opened high and oscillated. The early market fell below yesterday's settlement level several times, but they were all reversed. In the afternoon, the market began to rise, and the last step was to close up moderately as above. By the end of the day, ll1003 closed at an average lithium oxide grade of 1.77% to 11625 yuan/ton, up 59 yuan/ton, and the daily K line closed at the spindle line

III. future forecast

today's PE spot market generally maintained the level of last Friday, and merchants continue to actively ship, but downstream demand is difficult to improve. On the whole, the tensile test cannot be repeated. At present, the price is facing the pressure of low demand, and the market has entered the stage of rational adjustment. LLDPE warehouse receipts rose slightly, and the 5-day moving average system still has some support. It is expected to maintain a high consolidation in the future

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