Brief comment on the opening of LLDPE warehouse or

2022-08-15
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On July 9, a brief comment on the opening of LLDPE warehouse orders

after Sinopec's price adjustment, downstream factories began to actively inquire, but the tonnage was large and still maintained a wait-and-see attitude. Although there were many inquiries, there were few transactions. The main warehouse receipt ll0808 opened low and went flat, with a low opening of 14600 yuan/ton, long and short confrontation, and the selling market was dominant. From the trend chart, the 5-minute K-line Vickers hardness test was also an indentation test method. From the perspective of the trend chart, the 5-day moving average was broken down far away from the crossing entity, the moving average system was arranged in a chaotic manner, the market was torn apart by long and short, and the selling market was profitable. LLDPE prices are still upside down, but the degree is much less than yesterday. In the impact of spot, I expect the recent linear market to be dominated by oscillatory consolidation

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