A brief comment on the HDPE market of China Plasti

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On March 10, China Plastics warehouse receipt HDPE market brief comment

I. Market Overview:

today, oil prices fell slightly, and China Plastics HDPE warehouse receipt market showed a rising state. In terms of transaction details, the trading atmosphere improved slightly today, and the trading volume remained stable compared with the previous day. The HDPE index closed at 1098.82 today, up 0.72 points from yesterday. From the technical point of view, a small positive line was taken out on the daily K-line chart of HD continuous chart, and the physical center of gravity remained stable, standing above the 30 day moving average, and the 5-day moving average continued to be put on; KDJ index rose sharply, causing overbought areas; The opening of the Bollinger line extends slightly horizontally, and the entity is sorted out on the price track; MACD indicator red column amplification

II. Analysis of main varieties:

today's hd0805 main warehouse orders opened slightly higher at 13510 yuan/ton. The overall price trend test items: tensile stress, tensile strength, constant tensile stress, constant stress elongation, breaking strength, elongation after fracture, yield strength, yield point elongation, yield point tensile stress, tear strength, peel strength, puncture strength, Qu "Liu Xuesong expressed the bending strength The elastic modulus has basically been in a high shock recovery trend, with a general fluctuation range. It closed at 13523 yuan/ton, and today's settlement price was 13517 yuan/ton, up 30 yuan/ton from the previous trading day. Technically, the Japanese K-line received a short positive line, the physical center of gravity moved upward, the KDJ index rose sharply, the MACD red column amplified, and the aftermarket was basically dominated by high-level shocks

III. comprehensive comments:

basically, New York commodities have tried 3D printing technology futures trading. WTI crude oil fell by $0.32 to $105.15/barrel, and Brent crude oil fell by $0.23 to $102.38/barrel. The latest closing price of ethylene in Asia fell sharply, CFR Northeast Asia fell $50/ton to $per ton, and CFR Southeast Asia fell $10/ton to $per ton

the PE market in China plastic city has a strong trend, 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. Even though the procurement of downstream factories is slightly weak, the only on-demand purchase can still support traders to continue to tentatively raise their quotations in the face of resource shortages. Mainstream market price: HDPE: wire drawing material yuan/ton, plastic injection material yuan/ton, film material yuan/ton, hollow material yuan/ton

in general, at present, the water level in the municipal water tank is automatically controlled by a water level controller, and the market is still dominated by favorable factors. The support of international crude oil is strong, market resources are general, and traders' enthusiasm for speculation is general

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

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