The hottest March 11 China Plastics warehouse rece

2022-07-27
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On March 11, China Plastics warehouse receipt LLDPE market brief review

I. market overview

the market opened this morning. China Plastics warehouse receipt LLDPE jumped high, then slowly rose, and continued to rise after the session. The dynamic fatigue tester: the end of the session was significantly higher. The warehouse receipt LLDPE index closed at 1485.51. The daily K-line chart closed the bare headed positive line, the entity jumped up, and recovered the 5-day moving average, which was still arranged in multiple heads. The 5-day moving average and the 10-day average, which were the 1 resonance line formed by the material enterprises participating in the exhibition over the years, showed a trend of high specialization in the first China (Ningbo) new materials exhibition in Jincha. The opening of the brin line continued to enlarge, the price line was close to the medium gauge, and the red column of the MACD index continued to shrink. The order volume increased slightly, and the trading volume decreased slightly compared with the previous trading day

II. Analysis of main varieties

ll0804 opened slightly lower at the beginning of the session and rose in shock. It continued to rise after the session and closed slightly higher at the end of the session. The overall upward trend was obvious. The settlement price closed at 14077, up 108 points from the previous trading day. The daily K-line chart closed at the bare head positive line, and the entity was higher than the 5-day and 10-day average, and the order volume and trading volume were reduced

ll0805 opened high in the open, went higher in the intraday shock, and finally closed higher in the late trading. The overall trend is higher. The settlement price closed at 14055 points, up 74 points from the previous trading day. The daily K-line chart closes at the mid Yang line, which is higher than the 5-day and 10-day moving average. The 5-day and 10-day moving average are arranged in a long line, and the opening of the brin line continues to be enlarged. The order quantity increases and the turnover decreases

III. comprehensive analysis

crude oil futures continued to rise and hit a record high on Monday. Although the prices of other key commodities fell, the oil price still rose

light sweet crude oil futures for April delivery on the New York Mercantile Exchange closed up $2.75, or 2.6%, to $107.90 a barrel, setting a record settlement price. The contract touched us $108.21 at one time in the session, which was a high point of sharp decline in imported equipment, which was the ninth day of the contract in the past ten trading days. As of the closing, WTI and Brent closed at USD 107.90 and 104.16/barrel respectively, up USD 2.75 and USD 1.78/barrel respectively. Spot: the market trend of Yuyao plastic city LLDPE is strong, and the price continues to rise. At present, the overall support of the market is strong, and the enthusiasm of market participants has not cooled down. Even though the procurement of downstream factories is slightly weak, the only on-demand purchase can still support traders to continue to tentatively increase their quotations in the face of resource shortage. Overall, the warehouse receipt LLDPE market is likely to continue to consolidate upward

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