Brief comment on PP market of China Plastics wareh

2022-06-15
  • Detail

On December 24, China Plastics warehouse receipt PP market brief comment

I. Market Overview:

crude oil futures prices rose sharply on Friday, but the market situation of China Plastics PP warehouse receipt is still not optimistic, and the downward situation continues. Today, PP warehouse receipts opened higher and went higher, with the high support of the front plate, and the strength of both sides was balanced. The middle plate began to fluctuate and fall, and the small rise trend continued until the end of the plate. The China Plastics PP warehouse receipt index closed at 1273.58, up 0.43 points from the previous trading day. Technically, the daily K-line closed at short overcast, the physical center of gravity rose, and the 5-day and 10-day moving averages were arranged above the physical center of gravity; KDJ index rose, but it is still subject to oversold areas; The opening of the Bollinger line continues to be enlarged, and the price broken line moves off the track, and the price broken line tilts down slightly. Today's trading atmosphere is general. The construction of plate pier column is mainly to control its perpendicularity. The sales volume is relatively large. Many buyers close their positions, while the sellers give up some short-term positions, and many build positions by taking advantage of the situation. The transaction volume is reduced again, and the order is reduced slightly

II. Analysis of main varieties:

today, pp0801 opened high and went low at 11900/ton, and the price rose in the early stage. However, under the suppression of sellers in the middle and rear market, the rise was annihilated, and it was in a continuous narrow range shock trend, and the market ended down at 11885 yuan/ton. The settlement price was 11892 yuan/ton, which was the same as the settlement price on the previous trading day. The daily K line closed at short overcast, and the center of gravity entity tilted slightly downward; KDJ index rose slightly, and there was a small golden fork at the low level, but it still hovered in the oversold area. Today's trading atmosphere was cold, the transaction volume decreased significantly, and the order volume decreased slightly

pp0803 opened higher at 12010 yuan/ton. In the early stage, the two sides faced off, with a large range of rise and fall, and the middle and rear market tended to be stable. Most of the two sides left the market to wait and see when there was no hot speculation in the market, and the settlement price of the previous trading day was 11995 yuan/ton. The settlement price of pp0803 was 12001 yuan/ton, up 6 yuan/ton compared with the previous trading day. The daily K-line closed at short overcast, the center of gravity moved slightly upward, and the 5-day and 10-day moving average continued to sort out above the center of gravity of the entity; KDJ index has also received high praise from the majority of users and moved up slightly, subject to oversold areas. Today's trading atmosphere was general, and both volumes decreased slightly

III. comprehensive comments:

crude oil futures hit the highest closing level in seven trading days on Friday, as the optimistic us personal expenditure data in November eased the market's concerns about oil demand. The settlement price of WTI February crude oil futures contract rose $2.25 to $93.31 a barrel; In February, Brent's original customers had strong demand for upgraded spraying materials, and the settlement price of oil futures contract rose $1.58 to $92.46 a barrel. The PP market trend of Yuyao plastic city is not good, and the price is falling steadily, with a decline of about yuan/ton. The key is that the downstream demand is still not optimistic, the trading atmosphere is difficult to be active, and the upstream support alone has limited market power, so the deadlock is difficult to break. The latest mainstream quotation of wire drawing/injection molding domestic materials is yuan/ton, that of copolymerized domestic materials is yuan/ton, that of copolymerized imported materials is yuan/ton, and that of monofilament powder is 11850 yuan/ton

it is expected that there is a high possibility of low shock in the PP warehouse receipt market of China plastics

(personal opinion, for reference only; enter the market accordingly, at your own risk)

information source: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean agreeing with its opinion or confirming the authenticity of its content

头皮油腻脱发怎么调养
黑龙江月经量少发黑怎么办
补肾中成药如何选择
养血生发胶囊哪个牌子的效果好?

Copyright © 2011 JIN SHI