Brief comment on LLDPE warehouse receipt in mornin

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On November 5, a brief comment on LLDPE warehouse receipts in the morning

the surge in crude oil stimulated some buyers' pent up enthusiasm. In the morning, lldbmp folder and YSD folder PE market showed some bullish mentality, and transaction inquiries both improved. However, with the exception of few goods in some markets and a slight rebound, prices are mostly just stabilizing. There is still a shortage of new chemical materials and fine chemicals with high performance, special varieties, safety and environmental protection, and the seller and the seller are more tempted. The main warehouse receipt ll0812 opened low and went high at 6213 yuan/ton, with long and short confrontation and dominant selling. From the K-line trend chart, the 5-day moving average began to break upward, away from the top of the entity, and the moving average system was arranged in a short position

the author predicts that the LLDPE warehouse receipt market will continue to decline next week

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