The hottest March 13 China Plastics warehouse rece

2022-08-25
  • Detail

On March 13, China Plastics warehouse receipt PP market brief comment

I. Market Overview:

today, the overall trend of China Plastics PP warehouse receipt market is poor, the buyer's confidence is slightly insufficient, the opening price is high, the opening price is low, and the continuous shock is downward. The downward trend in the mid and late session has not slowed down, turning up to down and continuing to decline until the end of the session. The China Plastics PP warehouse receipt index closed at 1284.19, down 1.46 points from the previous trading day. Technically, the daily K-line closed at the short negative line, the physical center of gravity moved down, and the 5-day and 10 day moving average rose and sorted below the physical center of gravity; KDJ index fell, subject to overbought areas, with a dead fork trend; The opening of the brin line is enlarged, and the price line is floating on the upper rail, and the price line is slightly downward. Today, the market trading is still relatively active, and the transaction is still good; Intraday trading is relatively balanced, with most operations changing hands. Both sides of the transaction have a lot of opening and closing positions, with a small increase in orders

II. Analysis of main varieties:

pp0804 opened high and went low at 12190 yuan/ton. The buyer's confidence was insufficient, and the disk could not form a climate. The situation of shock and decline ended at 12120 yuan/ton. The settlement price of pp0804 was 12140 yuan/ton, down 36 yuan from the previous trading day, saving resources/ton. The daily K-line closed at the middle Yin line, and the center of gravity entity continued to dip, with the 5-day moving average at the bottom of the entity's center of gravity; KDJ indicators are dead cross, subject to overbought areas. Today's trading atmosphere was cold, with little change in trading volume

pp0805 opened high at 12364 yuan/ton in the early stage, but today it was sold to improve the performance of waterproof materials. The disk was continuously suppressed and vibrated downward. The buyer was unable to pull up and let it flow, closing at 12330 yuan/ton. The settlement price of pp0805 today was 12349 tons, down 14 yuan/ton from the previous trading day. The daily K-line closed at the short negative line, and the center of gravity entity continued to decline, and the 5-day and 10-day moving average rose at the low part of the entity's center of gravity; KDJ index fell sharply and was subject to overbought areas. Today's trading atmosphere was good, with a slight increase in trading volume and a slight decrease in order volume

III. comprehensive comments:

crude oil futures broke the record again on Wednesday, and the market ignored the higher than expected inventory data, but got a boost from the weakness of the US dollar. The settlement price of light and low sulfur crude oil futures for April delivery on the New York Mercantile Exchange rose $1.17 to $109.92 per barrel, or 1.1%, for each investor who will not strictly require the nature of the insulation material itself. It had soared to $110.20 per barrel before, as the dollar continued to fall to a new low. Brent crude oil futures on the ICE Futures Exchange rose $1.02, or 1%, to a record high of $106.27 a barrel. Yuyao plastic city PP market electronic universal testing machine is in good condition when it is used and stored. Although the overall transaction is still relatively general, due to the impact of the surge of international oil prices again and the shortage of some goods, traders are still confident in the future market. Some of them took advantage of this speculation to promote the current price to continue to rise, with the increase basically ranging from yuan/ton. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymer is yuan/ton, the mainstream quotation of imported copolymer is yuan/ton, and the mainstream quotation of monofilament powder is 12250 yuan/ton

it is expected that the China Plastics PP warehouse receipt market is more likely to be volatile and slightly upward in the near future

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

source of information: China plastics trading

note: the source of this reprint is indicated. 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

Copyright © 2011 JIN SHI