A brief comment on the PP market of China Plastics

2022-07-23
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On December 4, China Plastics warehouse receipt PP market brief review

I. Market Overview:

the external favorable support, and the oil price rose slightly. Today, China Plastics PP warehouse receipt opened higher and went higher, and the early surge began to fall back slightly. The two sides faced off in the middle and back of the market, and the index did not change much. It fluctuated in a narrow range and went horizontally to the close. China Plastics PP warehouse receipt index closed at 1324.47, up 5.17 points from the previous trading day. In terms of technology, the daily K-line closed at short Yang, and the physical center of gravity rose; KDJ index rose and entered overbought area; The opening of the brin line continues to narrow, and the price line runs along the medium rail transit, and the price line inclines upward. Today's trading atmosphere is generally weak. Intraday trading is relatively balanced. The trading parties have a lot of opening and closing positions with little change in transactions and orders. It is expected that the PP warehouse receipt of sinoplastics is still dominated by shock consolidation

II. Analysis of main varieties:

today, pp0801 opened high at a small price of 12335 yuan/ton, and then rose to 12450 yuan/ton. The mid market began to rise and fall back. The buyers and sellers on the market were relatively balanced, and the narrow range fluctuated horizontally until the end of the market. The closing price was 12375 yuan/ton. The settlement price was 12380 yuan/ton, up 49 yuan/ton compared with the previous trading day. The daily K-line closed at the short Yang line, and the center of gravity entity rose; KDJ index rose slightly, but it is still subject to oversold areas. Today's trading atmosphere was acceptable, the trading volume increased slightly, and the good orders basically remained stable

pp0803 opened at a high of 12475 yuan/ton. Today, the market atmosphere was good, the strengths of both sides were equal, the overall price was relatively stable, and the market ended at 12490 yuan/ton. The settlement price of pp0803 was 12482 yuan/ton, up 48 yuan from the previous trading day. The daily K-line closed at short Yang. The social media users targeted by the focus entity SNS covered a lot of upward, and the 5-day and 10-day moving averages were sorted out below the entity's focus; KDJ index moves up, subject to overbought areas. The trading atmosphere today was general. The volume of double trading was slightly lower than that of the previous trading day, and the transaction was still not improved

III. comprehensive comments:

it is also inconvenient to take and place samples.

crude oil futures closed up moderately on Monday, and the whole day trading lacked direction. The market was speculating about the possibility of OPEC increasing oil supply. The settlement price of WTI January crude oil futures contract was US $89.31 per barrel, up US $0.60; Whether Brent and technical personnel meet the requirements of the standard method in January was analyzed. The settlement price of crude oil futures contract rose by $1.54 to $89.80 per barrel. The PP market trend of Yuyao plastic city is stable, the market is generally stable, and some parts fluctuate slightly. The receiving volume of downstream factories is still limited, and the wait-and-see mentality is still not obvious. If looseness is found to improve, the transaction situation is still weak. The latest mainstream quotation of domestic materials for wire drawing/injection molding is yuan/ton, the mainstream quotation of domestic materials for copolymerization is yuan/ton, the mainstream quotation of imported materials for copolymerization is yuan/ton, and the mainstream quotation of monofilament powder is 12150 yuan/ton

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