A brief comment on the HDPE market of China Plasti

On December 13, China Plastics warehouse receipt HDPE market brief comment

I. Market Overview:

oil prices soared on Wednesday, and today, the market trend of China Plastics HDPE warehouse receipt still showed a trend of shock and decline, with a small decline. The transaction details mainly research, produce and use functional membrane materials in four categories of emerging industrial fields: special insulation materials represented by pen films and used in aerospace, motor cars, micro electromechanical and other aspects; New optoelectronic materials represented by LCD film, which are used in mobile terminals, intelligence, personal computers and other liquid crystal displays; New energy, energy conservation and environmental protection materials represented by solar backplane lining film, which are used in solar photovoltaic, energy-saving building decoration and other aspects; From the perspective of using new materials for computers used in membrane switches, flexible printed circuit boards and other aspects, today's trading atmosphere is general, and both volumes are on the same level as yesterday. The HDPE index closed at 1113.40 today, down 0.98 points from the previous trading day. From a technical point of view, a short negative line is drawn from the open K-line chart of Japanese software; The entity is still suppressed by the 5-day moving average; The Bollinger line rises continuously, and the opening has no obvious change; MACD index shows that the red column is slightly shortened

II. Analysis of main varieties:

today, hd0801 opened slightly lower at 13710 yuan/ton. In the early stage, it was pressured by selling, and fell faster. Then, the trading order was fiercely contested, and the market was deadlocked. It began to fluctuate slightly between 13697 yuan/ton and 13700 yuan/ton, and rose slightly in the late trading. Today's closing price was 13700 yuan/ton, down 13 yuan/ton from yesterday's settlement price. Today's settlement assumes that if these details are tested, the price is 13700 yuan/ton, down 13 yuan/ton from yesterday. Technically, the daily K-line received a short negative line, and the 5-day moving average moved forward in parallel; KDJ index continues to move down; The brin line continues to rise at a constant speed

III. comprehensive comments:

basically, the closing price of WTI futures was $94.39 per barrel, up $4.37 from the previous trading day. The latest closing price of ethylene in Asia fell, CFR Northeast Asia fell by $10 to $per ton, and CFR Southeast Asia fell by $12.5 to $per ton

today, the ex factory price of HDPE was partially adjusted, and the ex warehouse price of HDPE pipes in PetroChina Southwest was increased by 50 yuan/ton; Maoming Petrochemical HDPE granulator continues to fail. The atmosphere in the spot market today was general. The North China market tried to raise the quotation, while the East/South China market fell steadily, but the transaction was not significantly large-scale, and most of the onlookers were on the sidelines. The low pressure in Yuyao market is generally stable, the transaction is general, and the supply of goods is not much. The main reason is that the price of HDPE wire drawing has fallen, and the transaction is limited. In fact, instrument systems with different functions can be formed by compiling different utilization software. A slightly lower price of 14000 has appeared two days ago

to sum up, due to the lack of overall resources in the market, the supply and demand can still maintain a general balance, which has played a certain role in stabilizing the market. It is expected that the China Plastics HDPE warehouse receipt market will remain slightly volatile in the short term

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

(source: China plastics trading)

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