The hottest LLDPE weekly review crude oil pan cons

13536

13590

↓ 54

2900

2124

↑ 776

1311

1305

↑ 6

ll0803

13558

13601

↓ 43

II Comprehensive analysis:

this week, LLDPE warehouse receipts closed at the negative line on the K-line chart of the weekly index, the center of gravity entity shortened, and all averages slowly rose. On the daily K-line chart, LLDPE warehouse receipts index closed at four positive and one negative, the center of gravity entity moved down at the beginning of the week, and slightly consolidated in the next few trading days, the opening of the brin line slowly narrowed, the KDJ index fell, and the red column of MACD index turned green column expanded

in terms of international crude oil, the crude oil futures price in New York market finally fell to a three-month low on the 23rd due to the market's expectation of the rise in U.S. oil inventories and doubts about whether the Federal Reserve's interest rate cut can really prevent the U.S. economy from recession. According to the forecast results released by Dow Jones newswires, the U.S. commercial crude oil inventory was estimated to increase by 1.8 million barrels last week, and gasoline and heating oil inventories are also expected to rise to varying degrees. The increase in oil supply undoubtedly increased the downward pressure on oil prices when the market generally expected that the slowdown in the growth of the U.S. economy a. Kerry Carter formula would lead to a decline in global crude oil demand. At the close of trading on Friday, WTI crude oil was at $90.71/barrel, up $0.14 from last Friday; Brent crude oil was $90.90/barrel, up $1.67 from last Friday. Spot: the official launch of the Spring Festival transportation has stimulated the market hype atmosphere. The linear quotation in the domestic market has increased steadily, and prices in some regions have increased significantly. In addition, the state released the information of heavy snow in most areas around the 20th, and the heavy snow had a significant impact on transportation. The temperature in the north is low, and the snow melting speed is expected to be slow. The current transportation difficulties will continue, but the influence is still less than that of the Spring Festival transportation

to sum up, LLDPE warehouse receipts fell slightly this week, mainly consolidation. Considering from two aspects of crude oil and spot goods, on the one hand, upstream manufacturers have tight supply and downstream market transactions are light; Crude oil prices fell slightly due to the impact of the U.S. economy. Judging from the situation of this week, the deviation between the warehouse receipt index and the spot indicates that the price is falsely high. It is expected that the line price will hardly have a significant improvement before the year, and the market will mostly fluctuate slightly, with both ups and downs

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

source of information: China plastics trading

note: the source of this reprint is indicated. High molecular polymers have the mechanical properties with the widest range of variability among all known materials. Reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents