This week, the long-short stalemate points out directions next week

I. Overview of the market this week

This week, China's plastics price index rose first. It can be said that "they are also warehouse receipts, the stock market is also lost," and the index movements are all dictated by warehouse receipts. During this period, the spot market has become a supporting role. The increase and decrease are all relatively limited. The current index line is close to the front high, and the pressure on it is higher, and there is an upward trend on Friday. At 15 o'clock on the weekend, the China Plastics Price Index closed at 985.16 points, up 1.07 points from the previous weekend.

Second, warehouse receipt market review

Second, warehouse receipt market review

This week, the market for plastic warehouse receipts was stimulated by five consecutive negative oil prices. It rose sharply at the beginning of the week and recovered at the beginning of the week. The gains for the whole week were considerable.

From the perspective of the K-line graph of the PP warehouse receipts, this week showed a trend of bottoming out and the center of gravity has shifted significantly. Zhou K line took the long shadow of the lower Yin line, the index stood firm repeatedly suppressed 20-week moving average. The MACD indicator red bars magnify; the KDJ indicator divergence upwards; the opening of the BOLL line again narrows; the price break line continues to move up. This week's market transactions have improved, and the amount can be significantly enlarged. As of Friday's close, the PP warehouse receipts index reported 1084.21 points, up 15.08 points from the previous weekend.

From the K-line chart of LLDPE warehouse receipts, the K-line continues to fall this Sunday, and there are signs of stabilization on the weekend. Zhou K line adjustment, shrinkage of small Yang Xian, still standing above the five-week moving average, the index is not yet out of bad. The MACD indicator has been enlarged by the red bar; the KDJ indicator has been blocked upward; the opening of the BOLL line has continued to narrow, and the price fold line has appeared downward. As of Friday's close, the LLDPE warehouse receipts index reported at 960.11 points, down 14.75 points from the previous week.

Third, the spot market review

Third, the spot market review

Judging from the reaction of most market players, the downstream demand for tune goods is still relatively small, and it is still mainly used with purchases. Although the mind of the merchants speculative and bargain-hunting has begun to show signs of clues, the overall buying activity has not yet been greatly increased, and most of them wait and see in the wait. As of 15 o'clock this weekend, the plastic spot index closed at 1098.77 points, down 1.34 points over the previous weekend. The specific conditions of each species are as follows:

PP market continued to slump this week. At the beginning of the week, international crude oil continued to decline, and the market sentiment became increasingly pessimistic. Demand was gloomy and the PP market price continued to drop. The performance of propylene monomer and plastics was slightly higher, which eased the bearish atmosphere in the market to some extent. The market expects crude oil to stop falling and rebound to drive the market higher. Near the weekend, crude oil prices rebounded, the market sentiment began to pick up, and at the end of the month, petrochemicals carried out more pricing sales, and the supply of goods in the market was strongly supported. The overall transaction situation has not yet improved. Although the market has stabilized, it still does not have enough momentum to increase.

This week, the PE market temporarily suspended a slight decline. The performance of the market remained sluggish on Monday and Tuesday. The situation of a slight drop seems to be difficult to reverse, but due to the rise of the ** market, the price of the low price shipments of the market decreased after the high price settlement of the petrochemicals at the end of the month, and even the price appeared. A slight increase. The current mentality of traders is mainly to prevent losses due to the high price settlement of petrochemicals. Therefore, ignoring the resistance of transactions, the price is above the safe level. However, the performance of oil prices and the stock market is not satisfactory. Downstream demand is still inhibited by this, and the buyer has a strong wait-and-see attitude and actual transaction performance is very poor. The major changes in the market were mainly LLDPE and LDPE, which were relatively more declining in the previous period, and the current rebound rate was also relatively clear. HDPE was basically flat at last week's level.

This week, the overall price of the PVC market remained at a high level. Under the influence of ** and the price increase of manufacturers, the market price of traders increased slightly, and there were few downstream stocks. In the face of high prices, a small amount of replenishment was appropriate. Trading is still relatively flat.

This week, the market of ABS basically remained stable, and the mainstream quoted price of petrochemical enterprises had limited support to market costs. Businesses continued to operate at high positions and low positions, and inventory was low, and shipments were hindered. Downstream manufacturers continue to focus on on-demand procurement operations, trading atmosphere is light.

This week, the PS market is dominated by consolidation. Affected by the stalemate in the styrene monomer market, most traders are not enthusiastic about their operations. They mostly hold wait-and-see attitudes. The quotation is relatively stable, and the actual transaction price is subject to negotiation. The purchasing power of the downstream market is limited and the market is weak.

IV. Review of the trend of international crude oil

IV. Review of the trend of international crude oil

In this period (August 23-August 27th), crude oil first fell and then rebounded. At the beginning of the week, prices did not change much at the weekend. At the beginning of the week, international crude oil prices continued to decline, supported by rising US dollars, poor economic data, and concerns about demand. Data show that in July the United States second-hand housing sales fell 27.2%, this drop hit a record high, which was dragged down, New York crude oil prices closed down 2% on Tuesday, to the lowest level since June 7. On Wednesday, crude oil ended its "five consecutive days", supported by higher US stocks and technical buying. On Thursday, crude oil ** continued to rebound as US employment data was good and the dollar was weaker.

Fifth, the outlook next week

The market began to enter the rest period at the end of the month, and the market was supported by the pricing of petrochemicals at the end of the month, but the sluggishness of the stock market and the stock market suppressed the bullish atmosphere in the market. At present, the downstream manufacturers are still mostly waiting and seeing attitudes, although the buying intention is supported by the rebound of crude oil in the past two days, but the operation is cautious, and there is still a strong resistance to high-priced sources. Traders have no intention of selling a lot of goods. Although the market's bearish sentiment has been gradually weakening, the bullish attitude is still in its infancy, and whether the market can continue to rise will still be stimulated by more favorable factors.