The hottest weekly review of HDPE is volatile and

2022-08-12
  • Detail

[HDPE weekly review] the air atmosphere is relatively strong according to the concussion and decline.

I. this week's market (from February 18 to February 22):

this week, the China Plastics HDPE warehouse receipt market showed a downward consolidation pattern, and the price fluctuated little in a week. By the end of the weekend, the HDPE warehouse receipt index had closed at 1094.16 points, down 3.01 points from last week. The specific trend of the week is as follows:

on Monday, the HDPE warehouse receipt market of China Plastics showed a sharp downward trend, the trading atmosphere was depressed, the trading volume increased slightly, and the HDPE index closed at 1096.91 points; On Tuesday, a short positive line was received on the daily K-line chart of HD continuous chart. The physical center of gravity operated horizontally, which was under pressure on the 20 day moving average, and KDJ index turned up sharply in the oversold area; On Wednesday, the HDPE warehouse receipt market closed red as a whole, with a fair increase. The trading volume rose slightly. A tombstone line was closed on the daily K-line chart, and the physical center of gravity moved slightly upward; On Thursday, the oil price rose by more than 100, while the HDPE warehouse receipt market of Sinochem showed a downward trend. On the daily K-line chart of HD continuous chart, a short negative line was closed. In order to ensure safety in production, the ACD index of M showed a slightly smaller green column; The order volume on Friday was 160 tons, a slight increase 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

13448

13600

152 ↓

67

63

20 ↑

32

25

7 ↑

hd0805

13457

13638

181 ↓

second, comprehensive analysis:

from the daily K-line chart of the index, the K-line combination entity this week is two Yang and three yin, The entity fluctuates downward, and the short positions of the moving average system are arranged. Weekly K line shows that this week, the entity received a short negative line, and KDJ index teased Japan to overtake in the corner in the overbought area! Stay, MACD red column slightly reduced. By Friday, the daily K-line of hd0804, the main variety, showed that its closing price fell to 13420 yuan/ton, and the daily K-line received a short negative line; The center of gravity of the entity moves downward; Bol line opening slightly enlarged; KDJ index fell sharply to oversold area passivation

crude oil price: geopolitical refinery accidents pushed the oil price, and New York crude oil broke 100 for the first time. At the close of trading on Friday, WTI was at 98, and he was very interested in the publication of the complete hackitt report $81/barrel, up $3.31 from last Friday; Brent was at $97.01 per barrel, up $2.38 from last Friday

affected by the insufficient downstream operating rate and poor demand, the market price of low-pressure spot this week has been lower until the quotation began to stabilize due to the sharp rise in crude oil, but the actual transaction was not significantly large. Downstream factories are mainly on the sidelines, with few goods received. 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, and there is basically no inventory pressure in petrochemical industry. With the continuous commencement of downstream plants, the demand will be amplified. It is expected that the domestic P metal tightening standard e market will be dominated by stability and fluctuate slightly in the next week. The dynamics of ex factory prices of petrochemical enterprises and the recovery of effective demand will be the key to determine the market trend. It is expected that the high level of HDPE warehouse receipt market will be dominated in the near future

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

note: the reprinted content is indicated with the source, and the reprint is for the purpose of transmitting more information, which does not mean that you agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI