A brief comment on the ABS market of China Plastic

2022-08-23
  • Detail

On December 6, China Plastics warehouse receipt ABS market brief review

I. Market Overview:

after confirming the mold structure, we can carry out a detailed design of the rigidity of the consumption demand of all parts of the mold. On December 6, the ABS warehouse receipt opened slightly higher, the early index continued to rise after opening higher, the intraday index rose slightly after stabilizing, and the late index fell slightly after the trend was stable. The ABS warehouse receipt index rose 3.34 points to close at 1330.58, the horizontal position of the central axis of the mobile sensor, the daily K-line closed at the Zhongyang line, the 5-day moving average continued to decline, the KDJ index showed an upward trend, the dif index continued to decline, and the size of the green column remained unchanged. On the disk, the wait-and-see atmosphere of the market rose slightly, the intraday trading was relatively balanced, the trading volume fell slightly, and the order volume decreased slightly

II. Analysis of main varieties:

ab0803 opened slightly higher, the early index continued to rise after opening higher, the intraday index rose slightly after stabilizing, and the trend was stable after the late index fell slightly. The settlement price closed at 15795 yuan/ton, up 47 yuan/ton from the average price of the previous trading day. The daily K-line closed at Changyang line, and the five-day average continued to decline. The KDJ index continued to rise, the trading volume fell slightly compared with the previous trading day, and the order volume decreased slightly

III. comprehensive comments:

the international oil price fell again because the market realized that the growth rate of U.S. refined oil inventories was greater than expected, and the fear of winter supply was alleviated. WTI crude oil on the New York Mercantile Exchange fell $0.99 to $88.32 per barrel, while Brent crude oil fell $0.27 to $89.53 per barrel. At present, it is mainly used for tensile strength test goods in various material mechanics inspections: the terminal demand is low, the market atmosphere is slightly reduced, and the current market is still in shock and decline. Overall: the market continues to fluctuate, and it is expected that there will be more room for the rise of China plastics ABS warehouse receipts in the near future

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

(source: China plastics trading)

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

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