Comments on the online market of Zhejiang Plastic

On October 11, Zhejiang Plastic City market comments

at the close of the market today, the China Plastics spot warehouse receipt composite index was 1067.38 points, down 1.32 points from the closing of the previous trading day; The ABS index was 1101.06 points, up 2.66 points; LLDPE index was 1048.68 points, down 0.71 points; PP index was 1060.59 points, down 2.37. The total trading volume was 5075 tons, up slightly from yesterday; The total order volume was 21500 tons, down more than 500 batches

the main linear ll0511 warehouse opened flat, with a minimum of 10585 and a maximum of 10566, and the maximum amplitude of 19 yuan, which was basically the same as yesterday's shock range. From the K-line, a small negative line with short entity and shadow line was received. The 5-day moving average basically coincided with the 10-day moving average, and the 20-day moving average continued to decline. Trading volume and order volume continue to decline. From the perspective of trading volume, although it is still the main linear warehouse receipt, the gap with ll0512 is narrowing. On the 30 minute and 90 minute trend charts, various technical indicators give signals of shock consolidation. Overall, the overall trend is still in shock consolidation, and there is still no obvious breakthrough trend

PP main pp0512 warehouse receipts opened low and went low, with the lowest falling to 10842 at one time, and rebounded in late trading to close at 10870. The transaction frequency is still the highest among all warehouse receipts. Different from yesterday, today's largest transaction reached 32 batches, with a total of 5 transactions with a trading volume of more than 10 batches. On the K-line, pp0512 received a small negative line with a shorter entity and a longer shadow line. The downward trend of the average on the 5th, 10th and 20th days has not changed. 98.07 after a meeting, the trading volume became loose, increased significantly, and the order volume also decreased a lot. The trend of 30 minutes and 90 minutes can be used twice. On the chart, each technical indicator gives a weak bearish signal. Overall, the overall trend is still in shock consolidation. It is worth noting that there are many large transaction orders of pp0512 today, and the total transaction volume has increased significantly, accompanied by a decline in the order volume

today, the trend of international crude oil was stable. WTI electronic disc closed at $61.8, slightly down $0.04. To 14:15 today, the real-time price of WTI electronic disc was $61.94. During the automatic stop period after one week of electromechanical rotation, the highest price was $62.32, and the lowest price was $61.90. On the whole, it rose slightly, but there was no substantive breakthrough. In the spot market and the ex factory price of petrochemicals, except for a few varieties, most varieties are still quiet. Since Sinopec and PetroChina raised the price of naphtha in early October, the pressure on petrochemical production enterprises has increased sharply, which led to the fact that on the one hand, under the gloomy market demand, petrochemical enterprises had to reduce prices in order to digest inventory; But on the other hand, after the naphtha price increases, in order to maintain profits without losses, price increases are imperative. Although the ability of the two groups to control the market has become stronger after the unified marketing, they are still in a dilemma in the face of weak demand, and the changes in the situation are still very subtle. (personal view, for reference only. Based on this, enter the market at your own risk)

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