Hottest on January 14th, 2010, China Plastics ware

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On January 14, 2010, China Plastics warehouse receipt LLDPE market brief comment

I. fundamental news:

on Wednesday (January 13), oil prices fell $1.14 to $79.65 per barrel. Today, the plastic spot market fell slightly due to the continued decline of oil prices. Merchants have a complex mentality towards the future market, with some actively shipping and some holding goods to wait and see. There is a strong wait-and-see atmosphere in the downstream, and the transaction resistance is large. The warehouse receipt market went out of a wave of counterattack, sweeping yesterday's haze. At the close of 15:00, the China Plastics warehouse receipt index closed at 993.01, up 8.43 points from the previous trading day

II. Technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order quantity




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improve the fatigue life, the LLDPE warehouse orders opened higher today, and the market quickly strengthened, pulling the increase above 7 points. After 10:30, the market trend stabilized and the horizontal oscillation extended. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index rose 7.17 points to 1167.23 points. In the afternoon opening, the market rose slightly, expanding the rise in early trading and closing up in the middle of late trading. The final LLDPE warehouse receipt closed at 1168.33 points, up 8.27 points or 0.71% from the previous trading day. The daily K line of the index closed at the short positive line, intersected with the 20 day moving average within the entity, the MACD index fell on both lines, the green column expanded, the J value of the KDJ index rebounded, the opening of the BOL line remained stable, and the price broken line moved up significantly. Today's trading volume is average, with 141 batches of trading volume and 380 batches of ordering volume

the main variety ll1003 opened higher and went higher, and the market climbed to 11515 yuan/ton, with horizontal oscillation. The quotation continued to rise in the afternoon and ended sharply higher in the late afternoon. At the end of the session, ll1003 closed at 11570 yuan/ton, up 114 yuan/ton, and the daily K line closed at the mid Yang line

III. future forecast

oil prices have fallen continuously, PetroChina has lowered its price, and the PE market lacks profit. On average, each express packaging consumables has been reduced by more than 10% 2 Simple structure, small size, low height, light weight, good support, prices continue to weaken. However, supported by costs, businesses have limited room to make profits. The downstream purchasing enthusiasm is not high, and the transaction is not good. The LLDPE warehouse receipt market rose today, rebounded at the support level on November 23, 2009, and did not continue to fall. It is expected to remain high in the future

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