Brief comment on the closing of LLDPE warehouse re

2022-08-09
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On July 7, LLDPE warehouse receipt closing brief comment

the main warehouse receipt ll0808 opened low and went high in the session. The intraday price was volatile. It was mainly because it was difficult to clamp these parts. It was necessary to open the main box and install the board. At the end of the session, the K line entity reported the meteor line. The 5-day moving average was subject to the entity. The moving average system arrangement was more complex, the long and short confrontation, the selling was relatively dominant, and the price fell compared with the price of the previous trading day; Both trading volume and order volume decrease. Ll08 fluctuated throughout the day, with both down and settlement of 14878 yuan/ton, down 62 yuan/ton compared with the previous trading day. The total transaction volume of warehouse receipt LLDPE was 790 tons, down 205 tons compared with the previous trading day

the author expects that the LLDPE warehouse receipts will mainly sort out the market in the near future

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