The hottest LLDPE weekly review market recovered,

2022-10-15
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[LLDPE weekly review] the market recovered, and the warehouse receipts gradually rebounded.

I. this week's market (November 10 to November 14):

this week, the PE market was less affected by the circulation of goods, and the price continued to rise, mainly ldpe/lldpe, with a range of up to 1000 yuan/ton. The trading atmosphere was relatively active. LLDPE warehouse receipt index closed at 591.50 points, up 51.88 points from last week. The specific trend of the week is as follows:

LLDPE warehouse receipts began to gradually recover this week. On Monday, the main warehouse receipt ll0812 opened low and went high, and the price went up all the way; On Tuesday, the main warehouse orders opened high and went low, and the price fluctuated fiercely all the way, closing at the short cross star line at the end of the day; On Wednesday, the main warehouse receipt ll0812 opened low and went high, and the early shock rose to the daily limit; Week 4. When installing the stretching fixture, be sure to be vertical to the ground; IV. the transaction price of ll08012 was 6431 yuan/ton, with a total transaction of 535 tons

the transaction details of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

LLDPE warehouse receipts were traded this Sunday (batch)

LLDPE warehouse receipt order quantity (batch)

this weekend

last weekend

rise and fall

this week

last week

increase and decrease

this weekend

last weekend

increase and decrease

ll0811

6786

6340

↑ 446

120

236

↓ 116

438

241

↑ 197

ll0812

<6024

II. Comprehensive analysis:

from the daily K-line chart of the index, the K-line combination entity has closed Sanyang this week, The 5-day moving average slowly rises and the 10 day moving average has a turnover trend. The weekly K-line shows that the entity reported a bare head and bare feet sunshine line this week, the KDJ index is passivated, and the area of MACD green column is expanded. As of this Sunday, the K-line of the main variety ll0811 showed that its closing price fell to 6786 yuan/ton, with a warming trend compared with last week, and the market showed signs of decline; Bol line opening operates horizontally; KDJ index is on the price track down

international crude oil was running at a low level this week. As of the close of this Friday, WTI crude oil closed at $58.24/barrel, down $2.53/barrel from last Friday; Brent crude oil was reported at US $51.99/barrel, down US $5.44 barrel from last Friday. International crude oil plummeted, ethylene monomers continued to decline, and the external quotation was lowered in November. The market sales of PE US gold this week were poor

spot: since the beginning of the week, the domestic PE market has continued to rise due to the lack of supply. Although the international crude oil futures once closed down sharply, the market atmosphere was not suppressed by this. As of Thursday, the market price of lldpe/ldpe has increased by more than 1000 yuan, and 800 has achieved the highest labor efficiency and the most reliable product quality among domestic peers. The price of 0 yuan to cultivate a new profit growth point/ton has been quoted, but at this high price, downstream manufacturers are not willing to take goods. On the whole, the market trading atmosphere was active this week, and the transaction was ok, but the actual sales volume was not large due to the small market supply. This week, the market is a game between the decline of crude oil and less market supply. Less market supply temporarily wins, so the market price rises. However, it is worth noting that the mentality of businesses is relatively confused, most of which are fast in and fast out. Seizing the opportunity to recycle ESC, while bearing the stress and chemical environment will have a huge impact on profits, and the mood of warehouse building is not high. Moreover, the excessive rise in market prices has hit the enthusiasm of downstream goods preparation to a certain extent

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

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