Low open low plastic futures market outlook is expected to continue weak turbulence
Low open low plastic futures yesterday, opened in 8515, 8320, volume reduction from 4456 to 721000, holdings decreases from 6182 to 469000. Upstream, the dollar rebounded, Europe and the United States stock market fell, global oil supply surplus, international oil prices continue to fall. WTI crude fell $1.13, the average price of $43.65 a barrel, brent crude fell $0.86, the average price of $44.97 a barrel.
Spot, yesterday PE market trading atmosphere is weak, give priority to, easing regional section linear weakening of 50-100 yuan/ton; Low pressure parts, range from 50-100 yuan/ton; High pressure fluctuation is not big, give priority to. Low open low after the first day of trading futures market, poor mentality to bearish atmosphere with grocers ship resistance is larger, slightly more incentives, but the terminal receiving care, less effective trading. Price of LLDPE in north China in 8600-8850 yuan/ton, in east China LLDPE price in 8700-9100 yuan/ton, price of LLDPE in south China in 9200-9350 yuan/ton.
Disk of view, the current average system turn head downward, MACD is forming die fork, for callback. In the near future is expected to continue weak shock.
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