The most popular trading Express adjusts the sensi

2022-08-08
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[trading Express] adjust and stabilize the sensitive market mentality

[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1323.66, down 0.59 points from the previous trading day

on Monday, the oil price continued to fall slightly. Today, the overall warehouse receipt market of China Plastics continued to weaken, but the downward resistance was obvious, reproducing the clue of consolidation

the market opened in the morning. LLDPE and PP all opened slightly lower. After a short period of consolidation in the early stage, the prices rebounded with shock driven by the buying, and some varieties stopped falling and turned up. In the middle and late stages, they tended to be stable, with mixed red and green at the end; For the three varieties traded in the afternoon, only by continuously improving our skills and updating our knowledge can we remain invincible in this period. The ups and downs of ABS fell sharply, by more than 150 points, while HDPE and PVC rose slightly as a whole. On the disk, today's market trading was stable and the transaction was average; Intraday trading was relatively balanced. Some sellers closed their positions and new air forces entered, while many buyers took advantage of the situation to build their positions, with little change in orders. On the daily K-line chart of the warehouse receipt composite index, there is a shadow of a short sun today, the 5th line crosses the 10th line, and the KDJ index continues to explore downward

on the whole, the overall market adjustment has stabilized today, including the service day of aligning with the coaxiality of the framework. The market mentality has become more sensitive, and the future direction has become less clear. It is expected that under the current situation that the spot market tends to be stable and there are few new hot spots, there is a great possibility of short-term continuous adjustment of warehouse receipts

15:00 closing, the settlement prices of ab0803, hd0801, ll0803, pp0801 and pvc0803 were 15626, 13722, 13556, 12231 and 7198 yuan/ton respectively, up and down by -112, +13, -12, -11 and +1 points compared with the previous trading day. A total of 9410 transactions in the market today have been confirmed to be able to circulate about 2000 tons, a decrease of 485 tons compared with the previous trading day; The total order was 24500 tons, an increase of 135 tons over the previous trading day. The specific data of double volume are as follows:

total volume

abs

lldpe

pp

pvc

hdpe

trading volume

9410

110

2635

6545

40

80

order volume

24500

175

5545

18420

230

130

(personal point of view, it belongs to the low-pressure and large flow condition, which is for reference only; therefore, it enters the market at its own risk)

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