A summary of the single week market in plastic warehouse (August 23 - August 27)

As of Tuesday, the price of oil fell during the 10 trading days of the previous 11 trading days, and it went all the way from the high of $82 hit at the beginning of August. On Wednesday and Thursday, the settlement price of crude oil ** rose and ended the five consecutive days of decline. However, due to the poor crude oil inventory data and economic data, the rebound was limited. As of August 26, WTI closed at 73.36 US dollars / barrel, down 1.07 US dollars from last Thursday; Brent oil price closed at 75.02 US dollars / barrel, down 0.28 US dollars from last Thursday.
From a comprehensive view of the plastic market, this week, the plastic market as a whole fell first and then rose, the market continued consolidation trend. International crude oil rebounded and rebounded this week. It was a watershed for this week's market. Affected by continued decline in crude oil at the beginning of the week, the overall atmosphere of the plastic market was relatively poor. Traders in the spot market lowered their quotation and promotion, but market transactions hardly improved. Thursday's overnight rebound in crude oil by the end of the good, warehouse receipts, even the plastic market first ushered in a wave of strong rebound, the spot market boosted by this, have also raised the offer, but the good times do not grow long enthusiasm for the market soon disappeared, The speculative enthusiasm vanished and the market calmed down on Friday.

Even the plastic main contract in November fell after the first week of this week and rose slightly. Day K receives two yang and three yin and tests the 20-day moving average support. The overall transaction this week has shrunk compared to the previous trading week. As of this Friday's close, Liansu 1101 contract closed at 10465 yuan / ton, up 50 yuan / ton from last Friday.

This week, the plastic warehouse receipts market showed a consolidation trend and there were no shortages of highlights. Since the beginning of the week, due to the continued decline in crude oil and the downturn in the spot market, the warehouse receipt market took a fall in the market last week. The overall market atmosphere is poor. During the trading session on Wednesday, the intraday price was stable, but there was a slight upward trend in the late afternoon. The sleek investors have realized that there will be a turn for the market. Sure enough, the overnight crude oil rebounded and rebounded favorably. The warrants market opened sharply higher on Thursday. The increase in PP varieties was particularly fierce, with the main warehouse gaining over 200 yuan/ton on a single day, but the optimism was only a flash in the pan. On Friday trading day, the market was once again stuck in order, and the transaction volume hit a new low of nearly one and a half months. As a whole, the overall volume of this week was heavy volume, and the order volume was slightly reduced. As of 15 o'clock on Friday, the China Plastics Warehouse Receipts Index closed at 933.67 points, up 11.45 points from the previous weekend. The total volume was 8561 batches and the order quantity was 4155 batches.

As of Friday, the warehouse receipts LLDPE index closed at 960.11 points, down 14.75 points from the previous weekend. Linear trend and warehouse receipts as a whole trend away from the situation is poor, Zhou K was short Yinxian, KDJ indicator J-line drop, MACD indicators double-line opening enlarged, red column growth, the overall turnover level is less than rise, order quantity has also dropped. The main September warehouse receipts closed at 9,945 yuan/ton on Friday, down 80 yuan/ton from last Friday.

The warehouse receipts PP index closed at 1084.21 points, up 15.08 points from the previous weekend. Week K was under the shadow Yinxian, KDJ indicator three-line up, MACD indicators open enlarged, cylinder growth, the overall turnover level than last week, volume, order volume slightly. Main November warehouse receipts closed at 10,730 yuan/ton on Friday, up 170 yuan/ton from last Friday.

Taken together, the overall position of warehouse receipts this week continues the trend of consolidation, but there are also bright spots in the session. Crude oil prices dominated this week's market trend. Thursday's overnight crude oil rebounded bottomed. The warehouse receipt market ushered in a wave of strong rally, but the speculative enthusiasm dissipated and the market quickly stabilized. In the short term, after the international crude oil undergoes a continuous correction, there is a technical rebound demand. However, the recently released economic data is extremely negative. It is difficult for the global economic fundamentals to support higher crude oil prices, and the outlook is expected to remain weak. There was no significant improvement in the basic pattern of the plastic market, and market players were generally in a poor state of mind. Downstream demand continued to fluctuate market conditions, and the market for warehouse receipts was relatively likely to be sorted out in the near term. The following is the transaction details of the current period as follows:

name

Index (point)

Volume (batch)

Order quantity (batch)

At the end of this period

Last period

Quote change

This period

Previous period

Increase and decrease

This period

Previous period

Increase and decrease

Synthesis

933.67

922.22

11.45

8561

7554

1007

4155

4317

-162

ABS

809.05

809.05

0

0

0

0

0

0

0

LLDPE

960.11

974.86

-14.75

523

595

-72

128

210

-82

PP

1084.21

1069.13

15.08

8038

6959

1079

4027

4107

-80