A brief comment on PP warehouse receipt in morning

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On September 27, PP warehouse receipts were briefly commented in morning trading

oil prices fell $1.13 on Friday. Plastic PP warehouse receipts fell across the board today, and the disk was green. The main warehouse receipt variety pp0812 opened at a medium low of 11100 yuan/ton. After the opening, the market continued to fall, reaching the low point of 10995 yuan/ton for many times. The market has been in shock in the morning, and the latest price is 109950 yuan/ton. The seller accounts for a large proportion, and the trading atmosphere is not good. The K-line chart shows that the entity received a bare head, breaking the short negative line of bare feet, which is the bottleneck of the company's shortage of raw materials. The weight position of the entity is lower than that of the previous trading day, and the working reliability of the reverse bending testing machine is reduced, and the opening of the third line of KDJ index is expanded downward. The opening of the brin line has expanded, and the price line deviates from the medium track

in the spot market, after the embarrassing rebound of weak rise, the PP market has entered the consolidation stage of "impact testing machine, and the impacted samples have entered a stable low level at the moment of being impacted by the hammer". Today, Sinopec introduced a new ex factory price, which made it more clear that it is willing to speed up the digestion of inventory. Although the market price has been at a historically low level, the downturn in the economic environment has led to demand unable to follow up

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