A brief comment on the HDPE market of China Plasti

2022-08-16
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On May 26, China Plastics warehouse receipt HDPE market brief comment

I. Market Overview:

today, China Plastics HDPE warehouse receipt market opened higher, with parallel shocks. The HDPE index closed at 1165.73 today, up 2.03 points from the previous trading day. In terms of transaction details, the trading volume decreased slightly, and the order volume decreased compared with the previous day. From a technical point of view, the K-line chart of HD closed at the short negative line; The entity moves up, and the five-day moving average rises, which is positive below the entity; KDJ index goes down, and the third line closes up; Subject to oversold areas; The opening of the brin line is enlarged, and the price line is on the upper rail; MACD has a parallel trend, and the red column is slightly smaller

II. Analysis of main varieties:

today, hd0806's main warehouse orders opened higher at 14300 yuan/ton, and the overall price trend opened higher and went lower, with flat fluctuations and reduced trading volume. The closing price was 14300 yuan/ton, and the settlement price today was 14300 yuan/ton, an increase from the previous trading day. Technically, the daily K-line closed at the short negative line, and the five-day moving average rose, trading positive below the entity; When setting parameters, there are two parts of KDJ indicators rising, and the three lines are scattered with each other, all of which are controlled in oversold areas

III. comprehensive comments:

basically, WTI crude oil in New York commodity futures trading fell by $2.36, Wang Jinghai said, to $130.81/barrel, and Brent crude oil fell by $2.19 to $130.51/barrel

the PE market trend of China plastic city is acceptable. The market of accessories and tools for expanding the service performance of the experimental machine is stable, and some quotations are slightly adjusted. Due to the weak delivery of goods by downstream users, especially at high prices, there is little interest, resulting in poor transaction conditions

pe market is stable. Traders report that it is difficult to raise prices, and transactions at high prices are blocked, but most of them are unwilling to reduce prices and ship goods. The current transaction level and yesterday's automatic temperature control, automatic timing, automatic alarm day have not changed much, and the market performance is calm. Some traders believed that although the crude oil price fell, the current price was high enough to support market confidence

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