The hottest August 17 China Plastics warehouse rec

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On August 17, China Plastics warehouse receipt LLDPE market brief comment

China Plastics price index fell 16.00 points to 1008.08 points, and China Plastics warehouse receipt index fell 27.64 points to 971.84 points

I. upstream review

on Friday (August 14), the settlement price of West Texas light oil futures in September on the New York Mercantile Exchange was $67.51 a barrel, down $3.01 from the previous trading day, with a trading range of 67 $60; The settlement price of September Brent crude oil futures on the London Intercontinental Exchange was $72.41 a barrel, down $1.07 from the previous trading day, with a trading range of 71 $47

on Friday, Asian ethylene closed at USD/ton CFR Northeast Asia (down $4.5) and USD/ton CFR Southeast Asia (down $1). European ethylene closed at euro/ton FD northwest Europe and USD/ton CIF northwest Europe, both flat. Us ethylene closed at 25 625 cents/pound, stable trend

II. Basic news

① spot market:

crude oil fell sharply, and futures also fell sharply. However, most businesses believe that the early hype quotation is too high, and the callback is normal. The PE market atmosphere around the country was weak, and the quotation fell steadily. There are not many inquiries from downstream factories, and the transaction situation is not ideal. Some trade instruments also have printing function: according to the requirements of international gb/t456 (1) 989 for smoothness test report, traders are worried that the petrochemical settlement price introduced in the later stage is too high and dare not ship at a low price

② dynamics of China Plastics spot Mall:

the listing price of China Plastics spot mall LLDPE was mainly stable at noon today, and only a few brands made downward adjustment, with a decline of between yuan/ton

III. technical status

main warehouse receipt

opening price

closing price

settlement price

trading volume

ordering volume













at the opening today, LLDPE warehouse receipts plunged sharply, the market was briefly consolidated in the early stage, and soon fell again. Since then, the trend of the warehouse receipt has not changed much, and it fluctuated slightly near 1103. By 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index was at 1102.91 points, down 24.17 points. In the afternoon opening, the market developed steadily with little change. The track of the warehouse receipt marked a horizontal straight line, and ended sharply lower in the late afternoon. Finally, all handles of L were put to the zero position, and the LDPE warehouse receipt closed at 1102.77 points, down 24.3 points from the previous trading day, 1 point higher than the accuracy, down 2.16%. On the index day, the K-line closed down at the negative line, and the entity formed a huge jump from the previous trading day. The MACD index crossed the two lines, the green column appeared, the KDJ index accelerated downward, the opening of the BOL line contracted significantly, and the price fell below the medium track. Today's trading was not good. The trading volume was reported as 59 batches, and the order volume was reported as 213 batches

the main variety ll0910 opened low and went low. It rebounded after the market bottomed out, but the range was not large. In the afternoon opening, there were not many transactions on the market, and the quotation did not change much. At the end of the day, it fell sharply. By the end of the day, the closing price of ll0910 was 10780 yuan/ton, down 289 yuan/ton. The daily K-line closed and he further pointed out the small negative line

IV. future forecast

in terms of spot goods, crude oil fell sharply, the market mentality cooled, and the confidence of merchants was frustrated. Downstream demand has not improved for a long time, and the later trend is not optimistic. Today, the LLDPE warehouse receipt market fell sharply with the oil price, and some varieties were close to the limit. Overall, the market is very depressed. It is expected that the market will continue to decline in the later period

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