A brief comment on PP warehouse receipts at noon o

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On September 8, a brief review of PP warehouse receipts in midday trading

crude oil futures fell for the sixth consecutive trading day on Friday. Due to the gradual recovery of oil production in the Gulf of Mexico after Hurricane Gustav distribution and transportation, and the U.S. unemployment rate reached a multi-year high, the PP warehouse receipts of China Plastics fell slightly today, opening higher, the buyer support in the previous session accelerated upward, and then the high shock fell, the decline did not decrease, and the last session turned up to fall, and the end of the session index closed at 1315.01. Pp0811, the main variety, opened at a high of 12360 yuan/ton. In the morning, the double volume of the disk was balanced and the horizontal shock was sorted out. Then the seller suppressed and suppressed the disk, and the back disk continued to fluctuate downward, ending at 12192 yuan/ton. The settlement price of pp0811 today was 12334 yuan/ton, down 10 yuan/ton from the previous trading day. Today, the market trading atmosphere continued to be depressed last week, the transaction was not smooth, and the order volume remained relatively stable

it is expected that the warehouse receipts of China Plastics PP will continue to fluctuate and fall slightly tomorrow

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

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