The hottest March 6 China Plastics warehouse recei

On March 6, China Plastics warehouse receipt LLDPE market brief comment

I. market overview

the market opened this morning, China Plastics warehouse receipt LLDPE jumped high, reached its peak near the session, and began to continue to decline until the end of the session, which closed slightly lower. The warehouse receipt LLDPE index closed at 1481.52. The daily K-line chart closed down the negative line, the entity held steady and handed over to the 5-day moving average. The moving average was arranged in multiple heads, the opening of the brin line continued to enlarge, and the price line was between the middle rail and the upper limit. The KDJ line continued to measure the force. The electronic universal experimental machines all adopted the load sensor to rotate the zigzag rod to maintain the oversold area, but there was a downward trend, and the red column of the MACD index decreased. The order volume decreased slightly, and the trading volume increased slightly compared with the previous trading day

II. Analysis of main varieties

ll0804 opened slightly higher, began to decline after a slight shock, and began to decline rapidly after a steady intraday shock. At the end of the day, it closed slightly lower, and the overall fluctuation was large. The settlement price closed at 13890 points, down 118 points from the previous trading day. The daily K-line chart closed at the bareheaded negative line, and the entity was delivered at the 5-day average. The order volume decreased slightly, and the trading volume increased slightly

ll0805 opened slightly higher, and the appearance of the 1 Experimental Machine in the plate should not have irregular protrusions, depressions, roughness and other damages. It vibrated downward until the end of the plate, and finally closed slightly lower in the end. The settlement price closed at 13940 points, down 68 points from the previous trading day. The daily K-line chart closes at the negative line, and the entity is handed over to the 5-day moving average. The 5-day and 10-day moving average are arranged in a long line, and the opening of the brin line continues to be significantly enlarged. The order volume increases and the trading volume decreases

III. comprehensive analysis

crude oil futures hit a new high on Wednesday due to the unexpected decline in U.S. crude oil inventories and the further decline of the US dollar. OPEC production remained unchanged, and Saudi Arabia's oil minister said the market did not need more oil. As of the close, WTI and Brent closed at $104.52 and $101.64/barrel respectively, down $5.00 and $4.12/barrel respectively; Spot: Yuyao plastic city LLDPE is in yuan/ton, and the price continues to rise. Affected by the sharp rise in crude oil prices and the rise in ex warehouse prices by PetroChina East China, traders' mentality was also encouraged. At present, it is the booming season for the production and sales of agricultural film. With the gradual release of terminal demand, shipments also began to turn smooth. Overall, the warehouse receipt LLDPE market may still continue to rise

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