A brief comment on the HDPE market of China Plasti

2022-08-16
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On October 26, China Plastics warehouse receipts HDPE market brief comment

I. Market Overview:

HDPE warehouse receipts opened slightly higher today, showing a trend of shock and rise as a whole. In terms of transaction details, the trading atmosphere today is slightly more active than that in the early stage, with a significant increase in trading volume and a slight reduction in order volume. The operation methods are mainly bilateral closing positions and changing hands. The HDPE index closed at 1024.66 points today, up 4.41 points from the previous trading day. The daily K-line chart closed with a bare head and bare feet short positive line, and the physical center of gravity continued to move up. KDJ index is still subject to overbought areas, and the red column of MACD index continues to enlarge

II. Analysis of main varieties:

today, hd0712 opened slightly higher at 12620 yuan/ton and closed at 12690 yuan/ton. The market as a whole is in a good situation of shock and rise. In the early stage, the buyer and the seller are deadlocked, and the market is slightly slow. Soon, it was driven by the buying order, and the market has been rising all the way. The support level in the middle and late stages is around 12685 yuan/ton, and the decline cost is 0 yuan/ton, and the highest price is 12693 yuan/ton. The settlement price today increased by 62 yuan/ton compared with the previous trading day; The daily K-line closed at the Zhongyang line, and the center of gravity entity moved up significantly; KDJ index is still in overbought area; The opening of the brin line continues to enlarge, and the price line is floating on the upper rail

III. comprehensive comments:

basically, WTI today reported $90.46/barrel, up $3.36 from the previous trading day. The latest closing price of ethylene in Asia was stable. The quotation of CFR Northeast Asia remained at USD/ton, and the quotation of CFR Southeast Asia remained at USD/ton. In terms of petrochemical manufacturers, the ex warehouse price of HDPE in PetroChina East China has been significantly increased by yuan/ton, while the ex warehouse price of HDPE in PetroChina Southwest is common and can be cured by ultraviolet light within 15 seconds and increased by 50 yuan/ton. In the spot market, the HDPE market in China Plastic City rose again, with injection molding up slightly by about 50, and the transaction was good. Yangzi 5306j still had no new goods to supplement, and there was little quotation. The film material still rose slightly, but only 9455f supply was stable. At present, the mainstream price of HDPE wire drawing material was reported as yuan/ton, plastic injection was reported as yuan/ton, film material was reported as yuan/ton, and hollow material was reported as yuan/ton. At this stage, the favorable low-pressure market gradually occupies the mainstream position, especially the lack of overall resources, coupled with the reduction of imported materials, which makes the originally small market resources more nervous, which also leads to a large increase in the confidence of some businesses with small inventories in the future trend, and it is expected that there is still room for a small rise in the HDPE warehouse receipt market

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

(source: China plastics trading)

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its view or confirm it. 4. The authenticity of the content of the mechanical properties of the most important and special carbon fiber of the elastic material of Jinan Shijin electronic Wanneng experimental machine, which does not have the problem of corrosion and rust

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