The hottest xinguolian futures LLDPE continued to

2022-08-17
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Xinguolian Futures: LLDPE continued to be weak

yesterday, the main contract 0901 of LLDPE of the big commercial exchange was opened at 12400, with a maximum of 12810 and a minimum of 12 within the day, with a high working efficiency of 375. It closed at 12620 at the end of the day, a slight increase of 25 points over the previous trading day. A total of 33036 transactions were made throughout the day, with positions increased by 2416 to 12722

in the spot market, the market is stable and declining, and the weakness is still difficult to break through. At present, the market is still slightly dominated by negative factors. The effective demand in the downstream continues to be sluggish, and transactions are difficult to improve. Traders mostly hold a wait-and-see attitude, lack enthusiasm to enter the market, and basically focus on shipping, driving the market price to continue to decline. At present, the mainstream price in the market: LDPE: yuan/ton, LLDPE: yuan/ton, but if the previous test bench has reached the standard position, HDPE: wire drawing material 14000 yuan/ton, plastic injection material yuan/ton, so the more pressing and flattening, film material yuan/ton, hollow material yuan/ton

the local quotation in Shanghai continued to decline, the merchants were more enthusiastic about shipping, and the overall transaction situation was slightly better than that in the early stage. However, as the current market environment is still sluggish, the market is still difficult to make a big change in the short term. Specific quotation: Lanhua lldpe/7042 is quoted at 12700 yuan/ton, Singapore lldpe/1002kw at 13500 yuan/ton, Daqing Petrochemical hdpe/5000s at 13900 yuan/ton, Shanghai Petrochemical ldpe/q281 at 13000 yuan/ton, and Daqing Petrochemical ldpe/2426h at 13000 yuan/ton

technically, at present, the l0901 moving average system still shows a short position. Yesterday, the futures price oversold and rebounded, and the price effectively broke through the 5-day moving average, but MACD is still weak. It is expected that the market will continue to be weak and prices will continue to decline

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