A brief comment on the PE market of China Plastics

2022-10-17
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On October 8, China Plastics warehouse receipt PE market brief comment

due to the sharp decline in international crude oil and ethylene monomers during the long holiday, the main PE warehouse receipts closed down at the opening today. First of all, we should take the path of resource-saving development. First, a brief comment on linear warehouse receipts:

today, the overall transaction volume of linear warehouse receipts decreased slightly, and the order volume increased significantly. From the time-sharing chart, the opening index fell sharply, the trend of the previous session was stable, and the main warehouse receipts closed down, basically without major fluctuations. In the middle and rear session, buyers concentrated their forces to break through the closed down situation, but the upward push was not large, and the final index closed at 1267.68, down 16.50 points from the previous trading day. Close the opening bareheaded positive line on the index K-line chart, and the entity moves down to intersect with the moving average of 10

ll0612 closed down at the opening today, and the overall trend was basically horizontal and linear. There was a slight turbulence during the period, but the range was small, and it closed close close to the limit at the end of the day. On the 30 minute K-line chart, two "┴" graphics and an opening bald short line were received in turn. Although the buyer's power gradually increased, on the whole, the seller still dominated

II. Brief comment on the HDPE resin warehouse receipt:

today, the HDPE resin warehouse receipt opened low and went low as a whole. The intraday index fluctuated upward, and closed at 968.13 points in the late afternoon, down 10.14 points from the previous trading day. It closed at the bare head small positive line on the daily K line, and the entity moved down below the average line 10. The average line fell on the 10th, intersecting the average line on the 5th. Overall, the volume of transactions and orders decreased slightly

hd0612 opened low and walked low today, fluctuated widely, and ended sharply lower in the late trading. On the 30 minute K-line chart, the focus of K-line trading moved down in turn. The commission ratio is -100%, and the selling is strong. Both volumes increased slightly compared with the previous trading day

III. comprehensive analysis:

compared with the same period last week, WTI crude oil fell by $3.15, and ethylene monomer also fell sharply. PE markets around the country are mainly stable, some brands have been slightly adjusted, and the overall trading volume is small. To sum up, after the long holiday, in the face of the bad news of comprehensively providing them with a variety of samples for various types of tests, the market still has the requirement to release a certain amount of short energy in the near future

(personal view, for reference only; based on this, entering the market at your own risk can effectively improve the corner formability)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its view or confirm the authenticity of its content

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