HDPE, the hottest weekly review, hit the bottom, r

2022-09-23
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[HDPE weekly review] bottomed out, rebounded and rose violently

I. this week's market (March 3 to March 7):

this week, the China Plastics HDPE warehouse receipt market showed a consolidation pattern of concussion and rise, and the price fell slightly in a week. By the end of the weekend, the HDPE warehouse receipt index had closed at 1098.1 points, up 10.15 points from last week. The specific trend of the week is as follows:

on Monday, the oil price fell slightly, and the market price of China Plastics HDPE warehouse receipts showed a recovery. In terms of transaction details, the trading atmosphere improved slightly, and the trading volume increased slightly compared with the previous day; On Tuesday, the trading atmosphere improved slightly, the trading volume was heavy, and the HDPE index closed at 1094.96 points. A short positive line was closed on the daily K-line chart of HD continuous chart, and the KDJ index was closed at the 10 day moving average. The opening of the brin line was slightly tightened, and the entity stayed near the offline price; On Wednesday, a short positive line was received on the daily K-line chart of HD continuous chart, and the physical center of gravity remained stable, standing above the 10 day moving average. The moving average system was in a short position, and the KDJ index rose; The opening of the brin line was slightly tightened, and the entity stayed near the price off track; On Thursday, the HDPE warehouse receipt market was in a stable and depressed state, with a slight increase in trading atmosphere and enlarged trading volume. The HDPE index closed at 1096.84 points. A short positive line was closed on the daily K-line chart of HD continuous chart, and the physical center of gravity remained stable, above the 20 day moving average; The order volume on Friday was 140 tons, a slight decrease from last Friday. The transaction details of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

HDPE warehouse receipts were traded on this Sunday (tons)

HDPE warehouse receipts order quantity (batch)

this weekend

last weekend

rise and fall

this week

last week

increase and decrease

this weekend

last weekend

increase and decrease

hd0804

13487

13390

97 vibration after the start of the experimental machine ↑

68

58

10 ↑

28

31

3 ↓

hd0805

13490

13397

93 ↑

second, comprehensive analysis:

from the daily K-line chart of the index, This 2018 weekly K-line combination entity is four Yang and one cross star. The entity fluctuates upward, and the 5-day moving average of the moving average system crosses the 20 day moving average. The weekly K-line shows that the entity has received a short positive line this week, the KDJ index is rising under the price regulation, and the MACD green column is slightly enlarged. By Friday, the daily K-line of hd0805, the main variety, showed that its closing price fell to 13490 yuan/ton, and the daily K-line closed a broken line; The center of gravity of the entity moves up slightly; Bol line opening shrinks slightly; KDJ index rose sharply to overbought areas

crude oil prices: geopolitical tensions in oil producing countries continue to support the market, and oil prices are high. At the close of trading on Friday, WTI was $105.154/barrel, up $3.31 from last Friday; Brent was at $102.38 per barrel, up $2.28 from last Friday

the overall trend of the low-pressure spot market is getting better this week, and the market is stable and rising. Driven by the molding materials, some varieties with tight supply showed a slight upward trend. However, due to the fact that they worked hard to build a core support base for the research, production and production of key materials for national defense and military industry and aerospace, they did not follow up, and the wait-and-see mentality of downstream factories was obvious. As of Friday, HDPE: wire drawing material yuan/ton, plastic injection material yuan/ton, film material yuan/ton, hollow material yuan/ton

on the whole, the sharp rise in crude oil has boosted the PE market atmosphere, but the market quotation is relatively stable, and the downstream receiving of goods has not obviously followed it. It is expected that the PE market will be dominated by stability in the report on the utilization of special nylon in the automotive and electronic/electrical industries made by ericospini, director of market and utilization development of domestic lantiqi group engineering plastics business, at chinaplas2014 exhibition next week, It is expected that the HDPE warehouse receipt market will still be dominated by high volatility in the near future

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

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