Brief comment on the opening of LLDPE warehouse re

2022-08-06
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On May 12, a brief comment on the opening of LLDPE warehouse receipts

PetroChina continued to raise the delivery price, but the market response was not as positive as that in the early stage. Most of the market were adjusting the structure and operation methods of concrete pressure testing machines. The warehouse receipts market fluctuated and the test report was adjusted. The entity was based on the 5-day moving average, and the 5-day moving average was linearly upward. The main warehouse receipt ll0806 opened low and went high. At 14260 yuan/ton, it was not only necessary to fundamentally transform the plastic granulator process, but also opened high. In the intraday trading, it was profitable to buy and ship, and new customers entered the market. The lowest transaction price was 14260 yuan/ton, and the highest quotation was 14320 yuan/ton. The traders were generally enthusiastic about the purchase and sale disputes. From the 5-minute K-line trend chart, the 5-day moving average slightly turned downward, the moving average system diverged, the physical price fell back, and the market was in a long and short struggle

most traders believe that high pressure still has room to rise, but the key depends on whether petrochemical manufacturers continue to drive up the market. It is expected that LLDPE warehouse receipts will be consolidated in shock, and a slight rise will not be ruled out in the future

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