A brief comment on the PP market of China Plastics

2022-10-22
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On December 17, the China Plastics warehouse receipt research team embedded a thin layer of pet aerogel into a commercial fine particle mask. A brief comment on the PP market

I. Market Overview:

crude oil support has little impact on the China Plastics PP warehouse receipt market. Today, the PP warehouse receipt opened significantly lower in the early stage, and the market continues to be bearish. The buying is supported, and the finished products can be directly tested to the mid market. The situation in the mid and rear market is stable, and the two sides no longer have the potential to add fuel to the flames, Smooth transition to the end of the session. The China Plastics PP warehouse receipt index closed at 1288.92, down 4.27 points from the previous trading day. Technically, the daily K-line closed at the Changyang line, the entity's center of gravity fell, and the 5-day moving average was high above the entity; KDJ index has an upward trend, subject to oversold areas; The opening of the Bollinger line is enlarged, and the price line is wandering off the track, and the price line is inclined upward. Today's trading atmosphere is general, intraday trading is relatively balanced, and there are many open positions between the two sides of the transaction. The order volume increases slightly, and the trading volume decreases slightly

II. Analysis of main varieties:

pp0801 opened low at 11882 yuan/ton today. In the early stage, the strength of both sides was balanced, and they fought against each other. The disk fluctuated in the range near yesterday's moving average. After a small decline in the middle and rear disk, it finally did not improve, and walked horizontally to the end of the disk. The settlement price was 12049 yuan/ton, down 24 yuan/ton from the previous trading day. The daily K-line closed at the Changyang line, and the center of gravity entity moved down slightly; KDJ index has the trend of low gold fork, but it is still subject to oversold areas. The trading atmosphere today was general, with a slight increase in trading volume and a slight decrease in order volume

pp0803 opened sharply lower at 12100 yuan/ton, and rose slightly in the early stage. From the mid session to today's high of 12160 yuan/ton, the mid and rear session continued to fall, the disk fluctuated in a narrow range, and the upper and lower range limits were small. The end of the session ended at 12126 yuan/ton. The settlement price of pp0803 was 12142 yuan/ton, down 54 yuan from the previous trading day. The daily K-line closes the short positive line, and the center of gravity entity goes down, and the 5-day and 10 day moving average is arranged above the entity center of gravity; KDJ indicators continue to fall, subject to oversold areas. The trading atmosphere today was general, with a small increase in double volume

III. comprehensive comments to achieve the purpose of energy conservation and emission reduction:

crude oil futures fell on Friday, falling for the second consecutive trading day; Inflation data raised concerns about us oil demand and boosted the US dollar exchange rate. The settlement price of WTI January crude oil futures contract fell 98 cents to US $91.27 a barrel; The settlement price of Brent crude oil futures contract in January rose 55 cents to $92.67 a barrel, and the contract expired on Friday. The PP market trend of Yuyao plastic city was flat, the overall market was stable, and some declined in a narrow range. As the downstream demand basically did not improve, the overall transaction continued to remain light. 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 11900 yuan/ton

from today's K-line analysis, is there any difference between the steel bar bending machine and the disc steel bar bending machine that China Plastics PP warehouse receipt meets the new standard gb/t1499.2 ⑵ 018 "reinforced concrete cylinder part 2 hot rolled ribbed steel bars"? There may be a small rise 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

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