The most popular LLDPE futures price is weak and s

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LLDPE futures prices are sluggish and still maintain a wide range of shocks. I. market review. What are electronic densitometers, impact testers, melt index meters and so on? What about the tensile testing machine for wear-resisting parts of electric appliances? Trend chart of LLDPE futures price of Dachang exchange

figure trend chart of LLDPE futures price of Dachang exchange. (picture source: Wenhua finance and CSC futures)

at the beginning of the year, LLDPE had a good start, with the futures price rising continuously and hitting a new high of 12840 in the session. However, the unexpected Vicat softening point tester of the people's Bank of China can be used to measure the thermal deformation temperature and Vicat softening point temperature of various plastics, rubber and other thermoplastic materials. The three-month increase in the central ticket issuance yield triggered a sharp plunge in the futures price. Subsequently, when the international crude oil came out of the five consecutive negative market and petrochemical enterprises cut prices one after another, the LLDPE futures price gradually fluctuated and fell. In the last week before the festival, LLDPE futures rebounded slightly as investors expected that with the arrival of the peak season of agricultural film demand in spring, downstream demand would gradually improve. On the first trading day after the long Spring Festival holiday, affected by the continuous rise of crude oil and the increase of petrochemical quotation, the futures price jumped sharply and opened higher. However, affected by the departure of profit taking, the high pressure of market inventory and the lack of obvious recovery of demand, the futures price fluctuated again and fell out of the top market. Since then, boosted by favorable economic data, consolidation of crude oil at a high level and other factors, the futures price fell into a wide range shock pattern

II. Market analysis

1. International crude oil

at the beginning of the year, boosted by cold weather, geopolitical factors and optimistic economic data, as well as investors' return to the market after the New Year holiday, international crude oil continued to rise, rising above $83/barrel. However, since then, the inventory data released by EIA shows that the US crude oil inventory is still abundant and the demand continues to be weak. In addition, the demand for heating oil will gradually fall as the temperature rises, the US macroeconomic data is poor and the US dollar is strong, and the oil price starts to fall from its high. Subsequently, as the people's Bank of China raised the reserve ratio and controlled the extent of credit expansion, US President Barack Obama issued a proposal to limit bank risk-taking, the financial market was full of bad news, and the crude oil demand was still weak, so the oil price fell continuously. Influenced by favorable economic data and geopolitical factors in early February, international crude oil rose strongly, up nearly 6% in two days. However, the market fundamentals remained weak, investors took profits, and the debt problems of euro zone countries triggered market concerns. International crude oil fell sharply, once falling below the $70 integer mark, down nearly 8%. Since then, affected by factors such as the storm hit the eastern United States, the strike of French refineries, the weakness of the dollar and the rise of U.S. stocks, as well as investors' fear that Iran's nuclear program might trigger tension, the international crude oil fluctuated upward and broke through the round mark of $80. However, the intertwining of long and short economic data makes the trend of crude oil lack directional guidance. The continuous increase of crude oil inventory and the continuous decrease of refined oil inventory also make the market firmly confused about whether the demand for crude oil really recovers. 1. We must control the raw materials in our own hands, and the oil price fluctuates and consolidates at a high level. Although the oil price rose sharply at the end of March and the beginning of April, the crude oil inventory is still high, the demand has not fully recovered, and the trend of crude oil in the later period may continue to be high and volatile

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