The hottest LLDPE horizontal consolidation is conf

[LLDPE] the horizontal consolidation is confused, and the future market is unpredictable

I. this week's market (March 31 to April 3):

in the middle of this week, the LLDPE warehouse receipt market showed a form of shock consolidation, and the price of the week was horizontally consolidated. By the end of the weekend, the LLDPE warehouse receipt index had closed at 1455.65 points, down 16.58 points from last week. The specific trend of the week is as follows:

on Monday, the main warehouse receipt ll0805 continued to fall, the K line closed long and fell sharply, and the market was under the pressure of the seller, with the price falling about 100 yuan/ton compared with the previous trading day; The long overcast form of the daily K-line was sorted out below the 5-day average, and the trading volume was greatly reduced, and the order volume was significantly reduced; On Tuesday, the main warehouse receipt ll0805 closed up sharply, and the K line closed at the big positive line, rising sharply. The market was in the situation of the buyer's wanton counterattack. The closing price of ll0805 was 13668 yuan/ton, and the settlement price was 13635 yuan/ton; Crude oil fell slightly on Wednesday, while the PE market was relatively stable and shipments were poor. The main warehouse receipt ll0805 opened flat and went flat at 13600 yuan/ton, showing a slight increase in intraday prices. The lowest transaction price was 13600 yuan/ton, and the highest quotation was 13650 yuan/ton. The buying order was relatively strong; On Thursday, the main warehouse orders opened low and went high. There was a buying up situation in the session. The lowest transaction price was 13600 yuan/ton, and the highest quotation was 13700 yuan/ton. The buying and selling order was relatively balanced. From the five minute K-line trend chart, the moving average system was intertwined. The 5-day moving average rose, the buying order was relatively active, and the market was still in a seesaw state; The order volume on Friday was 5175 tons, which was slightly reduced from last Friday. The detailed transaction data of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

LLDPE warehouse receipts were traded this Sunday (tons)

LLDPE warehouse receipts order quantity (batch)

this weekend

last weekend

rise and fall

this week

last week

increase and decrease

this weekend

last weekend

increase and decrease

ll0804

13859

2249

249 18

169 ↓

895

1035

140 ↓

ll0805

13745

13550

195 ↑

II. Comprehensive analysis:

from the daily K-line chart of the index, This week, the K-line combination entity is the three positive and one negative line. The entity fluctuates and hovers. The 5-day moving average runs horizontally, and the entity pays the 5-day and 10 day moving average in the late trading. The weekly K-line shows that the entity receives a meteor line this week, the KDJ index is highly passivated, and the MACD appears a green column. By Friday, the daily K line of ll0805, the main variety, showed that its closing price fell to 13745 yuan/ton. The daily K measured the diameter line at the fracture with a vernier caliper and closed with a medium and Long Yang line, which ended in a stable decline; The center of gravity of the entity extends horizontally; Bol line opening slightly tightened; KDJ indicators accelerated upward

the international futures oil price showed a volatile upward trend this week. As of the close of this Friday, WTI crude oil closed at $104.83/barrel, down $1.07 from last Friday; Brent crude oil was reported at $103.75/barrel, down $0.24 from last Friday

the overall transaction situation in the PE market this week was general, the price fluctuated slightly in some regions, and remained stable as a whole. The linear owner was also constantly overcoming or making various improvements to the above shortcomings. The current price was still maintained at 13800-13850 yuan/ton, and the imported linear 0218d was reported to be 50 higher, excluding tax at 13200 yuan/ton. The transaction was poor. In fact, the gap with developed countries is not very large

in general, the market is still lack of positive factors, and the market remains light. Fortunately, there is no sales pressure, and the market quotation is mainly stable, with a small number of transactions in the majority. The market is expected to remain stable

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