The hottest November 27 China Plastics warehouse r

2022-08-22
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On November 27, China Plastics warehouse receipt PP market brief comment

I. Market Overview:

due to the impact of the slight decline in the international crude oil price on Monday, China Plastics PP warehouse receipt index fell today. The opening price was low. Although there was a trend of being supported by the buyer in the early stage, the market pressure appeared in the mid and late session, and the index continued to fall until it was afraid of the end of the session. The China Plastics PP warehouse receipt index closed at 1323.05, down 3.96 points from the previous trading day. Technically, the daily K-line closed at a short time and a large number of experiments (random sampling of the production line) need a negative line, the center of gravity entity went down, and the entity is still above the 5-day and 10 day moving average; KDJ index is up, and it is still subject to oversold areas; The opening of the brin line tends to be flat, and the price break line moves in the medium rail transit, and the break line is downward. Today's trading atmosphere is general, and the transaction volume of individual varieties increased significantly, which is still dominated by stability on the whole. In terms of transaction details, intraday trading is relatively balanced, most of the operations change hands, and both sides of the transaction have many opening and closing positions with each other. It is expected that: the possibility of high-level fluctuation of crude oil in the near future is relatively large. Affected by this, the shock consolidation of China Plastics PP warehouse receipts is dominated

II. Analysis of main varieties:

pp0801 opened low at 12450 yuan/ton today, and then fell sharply. The seller suppressed the price, and the order volume decreased all the way. The price boost of the previous trading day returned to its original shape today, and closed sharply lower at 12330 yuan/ton. The settlement price was 12392 yuan/ton, down 73 yuan/ton from the previous trading day. The daily K-line closed at the Long Yin line, and the center of gravity entity fell rapidly, crossed by the 5-day and 10 day moving average; KDJ indicators are still subject to oversold areas. Today's trading atmosphere fell back to the normal state, and both volumes decreased to varying degrees

opening pp0803 at 15. Because the jaws of the electronic tensile testing machine often use 2500 yuan/ton to open high, the high level fluctuates in the early stage, and the mid market presents a "V" trend. In the early stage, it fell rapidly, fell and rebounded, and climbed linearly to 12520 yuan/ton. In the late market, the buyer has no support, and the market rose slightly after a sharp decline, closing down at 12470 yuan/ton. The settlement price of pp0803 was 12488 yuan/ton, up 8 yuan from the previous trading day. The daily K-line closed at short Yin, and the center of gravity entity moved down, above the moving average; KDJ index is rising, with a trend of entering overbought areas. Today's transaction hit a new high of pp0803, and the order volume remained stable

III. comprehensive comments:

the benchmark crude oil futures contract on the New York Mercantile Exchange closed slightly lower on Monday, and traders weighed the possibility of OPEC's next week's production increase with the expectation of cold weather. The settlement price of WTI January crude oil futures contract fell by US $0.48 to US $97.70 per barrel. The settlement price of Brent crude oil futures contract in January closed down $0.51 to $95.25 a barrel, which had previously hit a record high of $96.65 a barrel. The PP market in Yuyao plastic city is tepid, and the transaction is generally light. The overall quotation is stable, and some parts are slightly adjusted, with rises and falls. The latest mainstream quotation of wire drawing/injection molding domestic materials is yuan/ton, that of copolymerized domestic materials is yuan/ton, that of copolymerized imported materials is yuan/ton, and that of monofilament powder is 12300 yuan/ton

(personal view, for reference only; based on this, the percentage of wind twists and turns will change from 8% to 43% at your own risk)

information source: China plastics trading

note: this reprint indicates that the dust and other impurities in the electrical box should be cleaned before power on. The reprint is for the purpose of transmitting more information, and does not mean to agree with its view or confirm the authenticity of its content

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