Brief comment on LLDPE warehouse receipt in mornin

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On September 9, a brief comment on LLDPE warehouse receipts in morning trading

social inventory fell to 4.2 million tons Z - the perimeter length of corrugated boxes (CM); Due to the sluggish demand, the PE market in the morning still maintained a downward state, and the price fell by more than 100 yuan compared with yesterday, with obvious high-pressure and linear decline. The price adjustment of PetroChina has a worse impact on the market, and the downstream continues to maintain a wait-and-see attitude. Today, the main warehouse receipt ll08011 opened low and went low, with a low opening of 12650 yuan/ton. There is no need to connect cooling water. Long and short confrontation, and the selling is dominant. From the K-line trend chart, the 5-day moving average is far from the entity, the moving average system is arranged in a chaotic manner, the market is torn between long and short, and the selling is profitable

the author expects that this week's warehouse receipts are mainly consolidation, which is only limited to scientific research

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