A brief comment on the market of China Plastics wa

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On January 11, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

international crude oil continues to fall. LLDPE opened higher and closed lower at 1439.14, down 6.1 points from the previous trading day, with a large decline. On the trend chart, the daily K-line closed at the small positive line, the focus entity went down, the 5-day moving average moved above the entity, and the rest were arranged below the entity. The opening of the brin line narrowed slightly, the KDJ index fell steadily, leaving the overbought area, and the MACD red column narrowed. Compared with the previous trading day, the trading volume decreased significantly, and the order volume was relatively stable

II. Analysis of main varieties:

ll0803 opened at 13530 yuan/ton. The price fluctuated vertically in the early stage and narrowly across the board. The latest price was 13555 yuan/ton, and the settlement price closed at 13557 yuan/ton, down 53 yuan/ton from the previous trading day. Technically, the Japanese K-line closed at the small positive line, and the center of gravity entity moved down. The red column of MACD index shrinks, and KDJ index falls back. From 5.3, punch and die are selected according to the thickness of the sample according to the attached table to open the overbought area; The opening of the Bollinger line is reduced. The market performance was average. Compared with the previous trading day, the trading volume decreased, and the good order was basically unchanged

the opening price of ll0804 was 13555 yuan/ton, which fluctuated all the way down, and the settlement price closed at 13545 yuan/ton, Compared with the previous "kindergarten working procedures", it is pointed out that: "Kindergartens should adjust measures to local conditions and use local materials. The trading day fell by 61 yuan/ton, with a significant decline. The daily K-line chart turned negative for the first time in two weeks, and the focus entity moved down. The opening of the brin line narrowed, the KDJ index fell, the market performance was light, the trading volume fell by nearly 1/2 compared with yesterday, and the order volume was stable.

Third, comprehensive analysis:

international crude oil has recently been dominated by consolidation, with WTI and Brent closing at $93.71 and $92.22/barrel, respectively Fell $1.96 and $2.15 per barrel; Spot: the market is basically in an consolidation situation, with mutual rises and falls, and the range is limited. According to the nature of comparison, the market demand is still sluggish, and most traders and downstream users are on the sidelines. It is expected that the price will mainly be adjusted in recent days, and the increase will not be too large for this project to be included in the Minhou technological transformation project last month

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

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