The hottest weekly review of HDPE contracted, and

[HDPE weekly review] the contraction weak market decline is brewing for a turnaround.

I. this week's market (November 12 to November 16):

this week, the HDPE warehouse receipt market of Zhongsu mainly fell in shock. The daily K-line chart closed with four Yin and one Yang. Except for the positive line on Monday, all the other four days closed with the negative line, and the 5-day average was declared to be lost. As of the end of the week, the HDPE warehouse receipt index should have better environmental harmony and reported 1078.90 points, down 4.94 points from last week. The specific trend of the week is as follows:

on Monday, the HDPE warehouse receipts of China Plastics continued the rise of the previous week, showing a concussive trend of slight rise as a whole, but the increase was general, and the double volume shrank slightly. Following the downward trend of the market on Tuesday, the price fell slightly, and the double volume continued to decrease. It was successfully used in electronics, defense and military industry, aerospace, petroleum and petrochemical, textile manufacturing, machinery production and other fields. On Wednesday, the market still fell due to inertia shock, but the decline converged. The trading volume rose significantly on that day, and the order volume decreased slightly. Thursday basically continued the downward pace of the previous shock, with a slight reduction in trading volume and a slight increase in order volume. On Friday, the market was difficult to resist the negative pressure, and the center of gravity continued to move down, with little change in the double volume. By the end of the weekend, the total number of transactions was 121, down 28 from last week; The order volume on Friday was 145 tons, down 15 tons from last Friday. The transaction details of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

HDPE warehouse receipts were traded on this Sunday (tons)

HDPE warehouse receipts order quantity (batch)

this weekend

last weekend

rise and fall

this week

last week

increase and decrease

this weekend

last weekend

increase and decrease

hd0712

13265

13344

79 ↓

121

149

28 ↓

29

32

3 ↓

hd0801

13239

13292

53 ↓

second, comprehensive analysis:

from the daily K-line chart of the index, the K-line combination entity this week is four Yin and one Yang, Reveal that the air force is slightly better. The weekly K-line indicates that the entity has received a short negative line this week, and the KDJ index shows a downward trend. By Friday, the daily K-line showed that the main variety hd0801 received a short negative line with bare head and feet, and the 5-day moving average showed a slight downward trend; KDJ index continues to move down; The opening of the Bollinger line is slightly enlarged. Various signs indicate that the recent adjustment of the market will continue

crude oil prices: this week, international oil prices continued to rise and fall repeatedly, and continued to fluctuate significantly at high prices. At present, WTI crude oil is $95.10/barrel, down $1.82 from last week; Brent crude oil was $91.62/barrel, down $1.56 from last week

this week, the overall situation of the low-pressure spot market stabilized, with individual gains and losses mixed. The market of injection molding/wire drawing materials is basically stable, with some falling slightly, the trend of film materials is stable, and some hollow materials are still rising slightly. Due to the low enthusiasm of downstream factories to receive goods, the terminal demand has never seen a significant volume, and the further rise of the market has been blocked. As of Friday, the low-pressure market trend in Yuyao was relatively stable. The main food composite packaging film of wire drawing materials tended to be multifunctional and light. The current price was yuan/ton, plastic injection was yuan/ton, film material was yuan/ton, and hollow material was yuan/ton

on the whole, due to insufficient power, the market has entered a relatively stable situation. Although there are not many social resources as a whole, the recent attempt to rebound is not optimistic due to the overall market. It is expected that the HDPE warehouse receipt market will continue to fluctuate in a narrow range next week

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

source of information: China plastics trading

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