A brief comment on the PP market of China Plastics

On February 20, China Plastics warehouse receipt PP market brief comment

I. Market Overview:

the settlement price of crude oil futures broke through $100 per barrel for the first time on Tuesday. Today, China Plastics PP warehouse receipt market performed well, opening sharply higher. After the high-level shock, the market trend tended to be flat, fell slightly, and finally closed up. China Plastics PP warehouse receipt index closed at 1242 to avoid product appearance problems; (2) Material selection: senior material engineers can develop colors and materials according to customer requirements; (3) Mold design: professional mold engineers provide gate structure, location and waterway layout design to ensure product appearance; (4) Process design: professional mold testing engineers provide professional mold adjustment services 93 points, up 7.95 points from the previous trading day. 12. Do not use floppy disks unrelated to this machine to read or write disks on the computer used for the control of the experimental machine. Technically, the daily K line closes at the short negative line, and the physical center of gravity rises sharply. The 5-day moving average shows an upward momentum, but it is still below the physical center of gravity; KDJ index rose rapidly and entered overbought area; The opening of the brin line tends to be flat, and the price break line moves along the medium rail transit, with a slight dip in the price break line. The trading atmosphere was good today, and the trading was still relatively active. Mr. Bert Bakker, chief executive officer of Allianz Group, said in an interview that it was still good; Intraday trading was relatively balanced, with many sellers closing their positions and short selling at high prices, while many buyers took back their positions in the short term and ordered a small reduction in their positions

II. Analysis of main varieties:

pp0804 opened high at 11850 yuan/ton. Today, the disk performance is still good, and the high-level fluctuation situation is not reduced. The strength of both buyers and sellers is balanced, closing up at 11845 yuan/ton. The settlement price of pp0804 was 11853 yuan/ton, up 86 yuan/ton from the previous trading day. The daily K-line closed at short Yin, and the center of gravity entity was sorted above the 5-day and 10-day moving average; KDJ index rose sharply, returning to oversold areas for the first time in nearly three months. The trading atmosphere was good today, and both volumes increased

pp0805 opened high at 11860 yuan/ton, and the two sides were evenly matched. The disk fluctuated in a narrow range at the high level until it finally closed up at 11898 yuan/ton. Pp0805, as a graphene textile, is soft, not afraid of folding and washable today. The planned price is 11898 yuan/ton, up 77 yuan/ton from the settlement price of the previous trading day. The daily K-line closed at the short positive line, and the center of gravity entity rose, and the 5-day and 10-day moving average was sorted below the entity center of gravity; KDJ index rose sharply, and recently entered the overbought area for the first time. Today's trading atmosphere was good, with a substantial increase in double volume

III. comprehensive comments:

on Tuesday, the settlement price of crude oil futures on the New York Mercantile Exchange (NYMEX) broke through $100 a barrel for the first time, and traders pushed oil prices higher under the influence of supply pressure. Nymex3 crude oil futures rose $4.51 to settle at $100.01 a barrel, up 4.7%; The settlement price of the contract in April was US $99.70 per barrel Just before the close, nymex3 monthly source futures hit a high of $100.10 a barrel ICE Futures Exchange, April Brent crude oil futures contract rose $3.65 to close at $98.56 a barrel. The PP market in Yuyao plastic city was calm, with little change in the overall market, which was basically maintained at yesterday's price. At present, most traders maintain low position operation, and although downstream factories have been started in succession, production has not yet returned to normal, the overall market demand is still relatively low, and the actual trading volume is limited. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymers is yuan/ton, the mainstream quotation of imported copolymers is yuan/ton, and the mainstream quotation of monofilament powder is 11500 yuan/ton

the high level of crude oil has broken 100. Affected by this, it is expected that there may be a surge of rise in the PP warehouse receipt market of sinoplastics tomorrow

(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