A brief comment on the PP market of sinoplastics w

2022-08-03
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On June 4, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index rose 1.34 points to 935.32 points, and China Plastics warehouse receipt index fell 1.27 points to 901.27 points

I. review of crude oil market

crude oil futures suffered a setback on Wednesday, falling by more than US $2. Therefore, the previously released us oil inventory data is obviously not conducive to the trend of oil prices. The settlement price of July light sweet crude oil futures contract on the New York Mercantile Exchange (NYMEX) fell $2.43 to $66.12 a barrel, down 3.5%. ICE Futures Exchange July Brent crude oil futures contract settlement price fell $2.29 to $65.88. NYMEX crude oil prices have risen sharply since mid April. On Tuesday, it broke through $69 a barrel, but closed flat. However, its rise has been accompanied by doubts, as oil demand looks moderate and oil inventories have increased by millions of barrels. Analysts said the weekly inventory report from the US Department of energy pulled down oil prices

II. Basic information

① spot market:

today, the overall quotation of PP market has risen, but the decline of crude oil has temporarily put demand on the sidelines, and the market trading atmosphere has weakened. Today, merchants' enthusiasm for shipping has increased. Due to the support of petrochemical ex factory price, there is little room to talk about the market transaction price. Market participants are confused about the future market, and businesses maintain low position operation and have a strong wait-and-see mentality

② dynamics of China Plastics spot Mall:

at noon today, the price of PP in China Plastics spot Mall (. The plastic recycling granulator reprocesses the waste plastics from ordinary life to produce the plastic raw materials required by the enterprise com) showed an overall upward trend, with individual varieties rising and falling, with an increase range of yuan/ton, and the other three brands fell 743 ⑵ 006 "standard acupuncture experiment for lithium ion batteries for electric vehicles" of 50 yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

ordering volume

pp0906

9350

9320

9242

63

230

pp0907

9350

9290

9291

105

419

@ common steel hammers:

pp0908

9300

9301

929

4113

pp0909

9320

9300

9306

210

815

Price unit

yuan/ton

batch

data source: China Plastics information ()

PP warehouse receipts opened low and went low today. In the early stage, the seller suppressed and accelerated the fall. After that, the buyer supported the rise to the level of intraday shock. In the afternoon, the disk continued to be depressed, and the shock went down slightly. At the end of the day, the PP warehouse receipts closed at 1043.65, down 1.38 points from the previous trading day, or 0.13%. The K line of the index day closes at the short negative line; The 5-day moving average continued to rise, and was sorted out below the physical center of gravity; The KDJ index rose slightly and entered the overbought area; The opening of the BOL line continues to enlarge, and the entities in the late market move up the track in the price line, and the price line tends to go flat. The trading atmosphere in the PP market today was general, with the trading volume of 1314 batches, a significant decrease of 643 batches compared with the previous trading day, and the order volume of 5600 batches, a decrease of 101 batches compared with the previous trading day

the main variety pp0908 opened low at 9300 yuan/ton. In the early stage, the seller suppressed and accelerated the decline, and then the buyer strongly supported a large number of market rises. However, the rising market did not last long. Under the suppression of the seller, it began to fall back at a high level, continued to fluctuate and fall after the intraday decline, and the price rose again in the late afternoon, but it was too late to close at 9360 yuan/ton. The settlement price was 9301 yuan/ton, down 11 yuan/ton compared with the previous trading day

therefore, it is required that the metering and mixing systems equipped should be within a suitable flow range. IV. future market forecast

today, Sinopec continued to increase the PP ex factory quotation of individual manufacturers by about 400 yuan/ton. The spot market quotation rose and the transaction was not smooth. However, the crude oil began to fall back. It is difficult to be optimistic about the future market. According to the analysis and prediction, it is likely that the PP warehouse receipt market will be shaken and consolidated tomorrow

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