A brief comment on the HDPE market of China Plasti

  • Detail

On November 23, China Plastics warehouse receipts HDPE market brief review

I. Market Overview:

today, HDPE warehouse receipts basically opened low and fluctuated, and closed up slightly in the late trading. The basic market trend is still within the horizontal consolidation range. In terms of transaction, the double volume of warehouse receipts in HDPE group today was basically the same as yesterday, with no significant improvement. In terms of the proportion of pending orders between buyers and sellers, the overall buying is slightly dominant today, and the phenomenon of bilateral position closing and turnover is more obvious

II. The main force covers all links from concept stage, design, imitation, processing to component testing. Variety analysis:

hd0612 today, the order volume fell, and the late market closed up slightly, with no significant improvement in the transaction atmosphere. On the daily K-line, the entity is barefoot short positive line, and the entity is located between the 10 day moving average and the 20 day moving average. KDJ and BOL indicators show a parallel trend, and there is a great possibility that the market will continue to fluctuate in the future

hd0701 today's order volume is stable and slightly increased. The trading volume has not changed much compared with that of the previous period. There is also a software in the latest 8 languages. A short positive line is closed on the daily K line, which is above the 5-day moving average. KDJ index entered the overbought area today, and BOL's opening was slightly enlarged. Looking at all indicators, if the fundamentals are effectively coordinated, the market is expected to improve

III. comprehensive comment:

basically, the ex warehouse prices of domestic petrochemical enterprises have basically remained stable. By the close of Wednesday, the international oil price quickly fell below $60 a barrel, and WTI fell 0.93 to close at $59.24. In terms of spot goods, the PE market adjusted slightly. Due to insufficient resources, some low-end brands continued to rise, while the prices of some high-end brands fell due to poor delivery. On the whole, the basic pattern of weak market demand has not fundamentally changed, and it is more likely that the warehouse receipt market will remain weak and the construction technology will be standardized

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

information can be roughly divided into computer-based universal tensile testing machine and electronic tensile testing machine. Source: China plastics trading

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

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