Hottest on January 22, 2010, China Plastics wareho

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On January 22, 2010, China Plastics warehouse receipt LLDPE market brief comment

I. fundamental news:

on Thursday (January 21), oil prices fell $1.66 to $76.08 per barrel. Today, the company will need at least 45000 pounds of rice husk in the first year. The market is stable, and the merchants' offer is basically the same as that in the early stage, but the overall atmosphere is still relatively low. Downstream demand languished, and the stock upsurge expected by traders did not appear. The warehouse receipt market stabilized, and the warehouse receipt index bottomed out shortly after the opening, recovering all losses and rising slightly. Since then, the market has continued to consolidate to the end. At the close of 15:00, the China Plastics warehouse receipt index closed at 1002.91 points, down 0.36 points from the previous trading day

II. Technical status

main warehouse receipts

opening price

closing price

settlement price

trading volume

order volume















today's opening, LLDPE warehouse receipts opened low and oscillated, and the early market rose slightly, recovering a small decline. Since then, the market has stabilized sideways, with small oscillations extending. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index fell 1.19 points to 1170.22 points. In the afternoon opening, the market oscillated downward, with a small range, and closed down slightly in the late afternoon. The final LLDPE warehouse receipt closed at 1167.79 points, down 3.61 points from the previous trading day, down 0.3. The new price will take effect from February 15, 2017 by 1%. The K-line of the index closed lower than the negative line, under pressure on the 5-day and 10 day moving average, the MACD index was double-line down, the green column was extended, the KDJ index was basically stable, the opening of the BOL line remained stable, and the price broken line moved down slightly. Today's trading volume is average, with 157 batches of trading volume and 380 batches of ordering volume

the main variety ll1004 opened slightly lower, the market was steadily promoted, and the slight oscillation extended. In the afternoon, the market went down straightly, and the decline quickly widened to more than 100 points, but soon the quotation began to rebound, and closed down in the late afternoon. At the end of the day, ll1004 closed at 11655 yuan/ton, down 53 yuan/ton, and the daily K line closed at the meteor line

III. future forecast

today, the overall market situation of PE spot market is stabilizing, the enthusiasm of downstream market entry procurement is still not high, the trend of LLDPE futures is sluggish, and the market lacks positive incentives. LLDPE warehouse orders opened low and oscillated, and gradually declined in the afternoon, but the decline was not too large until the close. It is expected that the future market will continue to be dominated by small adjustments

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