A brief comment on the PP market of sinoplastics w

2022-08-05
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On June 29, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index fell 1.16 points to 946.78 points, and China Plastics warehouse receipt index fell 1.93 points to 905.95 points

I. review of the crude oil market

affected by the decline of the stock market and concerns about the sluggish oil demand, the settlement price of crude oil futures on the New York Mercantile Exchange fell below $70 on Friday. The settlement price of August light sweet crude oil futures contract on the New York Mercantile Exchange fell $1.07, or 1.5%, to $69.16 a barrel. The settlement price of Brent crude oil futures contract on the ICE Futures Exchange fell 86 cents, or 1.2%, to $68.92 a barrel

II. Basic information

① spot market:

today, the PP market made a small tentative report on the high price, but the effect was very little. The weak demand made the actual transaction price still low. The reduction of the listing price of PetroChina Huabei PP has hit the market confidence, and the market mentality is still pessimistic. The price advantage of imported PP materials in the market is obvious, and the sales of domestic materials will be greatly impacted by the changes in weight and size as a result of wear. Judging from the recent demand and supply situation, the market is still facing downward pressure

② dynamics of China Plastics spot Mall:

in the afternoon today, the overall price of China Plastics spot Mall () PP was up and down, and the reducer was equipped with a driving sprocket with an adjustment range of yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

pp0907

9203

9340

9281

23

257

pp0908

9370

9316

9327

271

3405

pp0909

9360

9370

9376

872

1939

pp0910

9400

9400

9381

39 beautiful appearance

111

quotation Unit

yuan/ton

batch

data source: sinoplastics information ()

today, the opening price of sinoplastics PP warehouse receipts opened sharply higher, and then the rapid high-level decline turned from rise to fall. The low-level operation of the middle and rear markets moved horizontally to the end of the market, and the PP warehouse receipts at the end of the market closed at 1047.92 points, down 2.29 points from the previous trading day, or 0.22%. The daily K line of PP index closes to the long negative line; The 5-day moving average continued its downward trend, finishing below the physical center of gravity; KDJ index rose slightly, subject to oversold areas,; The opening of the BOL line tends to be flat, and the late trading entity moves up the track in the price line, and the price line inclines downward. Today, the trading atmosphere in PP warehouse receipt market was low, the trading volume began to shrink, and the order volume decreased slightly. The cumulative total turnover is 1206 batches; The order quantity is 5753 batches

the main variety pp0909 opened at a low price of 9360 yuan/ton. In the early stage, the buyer supported the shock and went up for a while, then continued the shock and accelerated the downward trend. In the middle and rear session, the buyer and the seller continued the shock and fluctuated in a large range, and closed down at 9370 yuan/ton at the end of the session. The settlement price of pp0909 is 9376 yuan. The self elimination process of the industry has started/ton, down 18 yuan/ton compared with the previous trading day

IV. future forecast

crude oil futures prices continue to fall, the confidence of the spot market has been greatly affected, downward pressure has increased, and the future market is becoming pessimistic. According to the analysis, it is expected that the China Plastics PP warehouse receipt market will continue to fluctuate and decline tomorrow

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

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