November 10th LLDPE Market Review of China Plastics Warehouse Receipts

First, the basic message

Zhang Ping, director of the National Development and Reform Commission, said at the National Coal Working Conference on the morning of the 9th that the price index for this year is slightly higher than 3%. This is the official person in charge for the first time that this year's price will exceed 3%. Tuesday (November 9) New York Mercantile Exchange West Texas light oil December ** settled at $86.72 a barrel, down $0.34 from the previous trading day.

Second, the technical status

Today, the LLDPE warehouse receipts index opened higher and higher, and the gains rapidly expanded. The final LLDPE warehouse receipts index closed at 1135.68, up 28.87 points or 2.61% from the previous trading day. The K-line jumped the air Yang line, and the volume was able to shrink dramatically compared with the previous trading day. In terms of technical indicators, the MACD red column extended, the KDJ index remained high, the BOLL line opened up, and the price break line continued to rise. The daily volume was reported in 19 batches, and the order quantity was reported to 153 batches.

Today's main product variety LL1012 quickly pulled up after the opening, directly blocking the upside stop, late fall. As of the close LL1012 closed at 12,150 yuan / ton, up 304 yuan / ton, or 2.57%. The K-line jumps the air Yang line, and the amount of energy can shrink extremely.

Third, the market outlook forecast

Today, the performance of LLDPE warehouse receipts was eye-catching. The two main varieties quickly closed up after the opening of the main market, resulting in extremely shrinking transactions. In the afternoon, Lianjian Plastics continued to open daily limit, and the gain was still considerable throughout the day. The current index is expected in the previous period, saying no good, but today even plastic to open the daily decline in the trend, will not touch the short-term adjustment LLDPE warehouse receipts, investors deserve attention.