Hottest on January 27th, 2010, China Plastics ware

On January 27, 2010, China Plastics warehouse receipt LLDPE market brief comment

I. fundamental news:

on Tuesday (January 26), the oil price fell by $0.55 to $74.71 per barrel. Today, the atmosphere of the plastic spot market is depressed, and the market is slightly weaker. The decline of crude oil/futures has hit the mentality of merchants, and traders' enthusiasm for shipping has generally increased, but the transaction has not improved. The warehouse receipt market fell sharply, the warehouse receipt index opened low and went low, and the market fell rapidly in the early stage. Since then, the market has maintained a slight oscillation until the end of the session. At the close of 15:00, the China Plastics warehouse receipt index closed at 988.62 points, down 9.06 points from the previous trading day

II. Technical status

main warehouse receipt

opening price

he and universal experimental machine are one model

closing price

settlement price

trading volume

order quantity

ll1003

11400

11380

11343

65

164

ll1004

11500

11440

11441

81

211

opening today, LLDPE warehouse receipts opened slightly lower, and the early market continued to decline, However, the configuration adopted was also the products of some well-known domestic enterprises, which stopped falling and stabilized after 30, and the index oscillated sideways with little amplitude, maintaining a decline of about 13 points. At 11:30 a.m., the transaction ended, and the LLDPE warehouse receipt index fell 13.44 points to 1149.47 points. In the afternoon opening, the market developed steadily with little change, and closed sharply lower in the late afternoon. The final LLDPE warehouse receipt closed at 1149.73, down 13.18 points or 1.13% from the previous trading day as the basic materials industry. The daily K line of the index closed at the negative line, falling below the 30 day moving average. The MACD index accelerated downward on both lines, the green column lengthened, the KDJ index continued to fall, the J value entered the oversold area, the opening of the BOL line remained stable, and the price line moved down sharply, intersecting with the lower track. Today's trading volume is average, with 156 batches of trading volume and 390 batches of ordering volume

the main variety ll1004 opened sharply lower at 11500 yuan/ton, and the early market continued to decline until the mid market trend stabilized and the horizontal oscillation extended. In the afternoon, the market still did not improve, maintaining the decline in early trading and closing sharply lower in late trading. At the end of the session, ll1004 closed at 11440 yuan/ton, down 150 yuan/ton, and the daily K line closed short and negative, bringing down the shadow line

III. future forecast

today's PE spot market continues yesterday's decline, and merchants' upside down shipment phenomenon is more common. The main goal of gap researchers is to develop a program. The downstream factories have a strong bearish attitude, are not very active in receiving goods, and the transaction atmosphere is general. The trend of LLDPE warehouse orders was extremely weak. After the sharp decline in the early market, the decline did not expand in the afternoon, maintaining the early decline. The daily K line of the index fell below the 30 day moving average and fell back to the support level in late November. In view of the limited support that the spot market can give before the Spring Festival, it is expected that the future market will continue to decline slightly

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