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2022-08-17
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[trading Express] strong consolidation, obvious downward resistance

[trading Express] closed at 15:00, and the China Plastics warehouse receipt index closed at 1272.50, down 0.74 points from the previous trading day

the oil price leveled last weekend, and the warehouse receipt market of China Plastics continued to weaken as a whole today, but downward resistance is emerging

in the morning market opening, LLDPE and PP opened slightly lower, and the overall price rebounded due to the shock driven by the buying. Most of the varieties of color masterbatches they produced turned green and red in the late trading; The three varieties traded in the afternoon were volatile and fell, and the decline was difficult to change. In terms of disk situation, today's market trading is active and the transaction is still good; Intraday buying accounted for a large proportion. Many sellers closed their positions and sold short at high prices, while some buyers sold back in the short term and many took advantage of the situation to build positions, with little change in orders. On the daily K-line chart of the warehouse receipt composite index, the T-line is closed today, and the entity is still subject to the suppression of the moving average system. The KDJ index continues to decline and has a dead cross

on the whole, today's market consolidation is strong, and the downward resistance of the market is obvious. Given that the current price has been at a phased low, it is expected that there is little room for further downward, and it may still be an consolidation situation in the short term

15:00 closing, ab0803 should maintain the loading speed of soil, and the settlement prices of hd0804, ll0804, pp0804 and pvc0803 were 15025, 13492, 13603, 11727 and 7368 yuan/ton respectively, up and down respectively -7, -30 compared with the previous trading day. The lower the crystallinity, the more transparent -3, -7 and -27 points. A total of 9130 tons were traded in the market today, an increase of 1660 tons over the previous trading day; The total order was 16805 tons, an increase of 30 tons over the previous trading day. The specific data of double volume are as follows:

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

9130

80

2990

5940

45

75

order volume

16805

215

6960

9210

275

145

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

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