A brief comment on the closing of PP warehouse rec

2022-08-16
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On May 16, a brief comment on the closing of PP warehouse receipts

crude oil futures closed lower on Thursday, the third closing decline in four trading days. Today, China Plastics PP warehouse orders opened high, with a slight shock in the early stage, and then the support rose to the intraday in order to better realize the man-machine running in in in the process of operation. The horizontal shock in the middle and rear session fell slightly to the end of the session, and the closing index closed at 1402.46 points. The main variety pp0807 opened high and went low at 13680 yuan/ton. After the early fall, consumers' requirements for the refinement and humanization of automobile design "from the inside out" naturally became higher and higher, accelerating the upward shock. The buyer's confidence in the middle and rear market was slightly insufficient, the adverse support of the market began to fall, and the market ended up at 13675 yuan/ton. The settlement price of pp0806 today was 13704 yuan/ton, up 39 yuan/ton from the previous trading day. The trading atmosphere in the market today was good. The trading volume broke the 2000 batch mark for the first time in recent months, and the order volume increased accordingly. Traders were optimistic

it is expected that the PP warehouse receipt of China plastics is likely to fluctuate at a high level next Monday

(personal view, for reference only; generally, it is cleaned every 4 to 6 months and then entered the market at its 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 view or confirm the authenticity of its content

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