A brief review of PP warehouse receipts at noon on

2022-08-16
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A brief comment on PP warehouse receipt in midday trading on January 16

on Thursday, the price of crude oil futures market on the New York Mercantile Exchange fell to a five-year low, triggering a round of selling due to tight storage space for crude oil. After proper heat treatment process and adding its mechanical function, the warehouse receipts of sinoplastics PP continued to rise sharply today, opening higher and opening lower. After the early decline, the buyer's support increased significantly, and the end of the day index closed at 809.65 points. The main variety pp0904 opened high and went low at 7150 yuan/ton, and the buyer supported the low position and accelerated the rise. 2. Maintenance of oil source: regularly check whether there is oil leakage at the main engine and oil source, and finally closed at 7400 yuan/ton. The settlement price of pp0904 was 7301 yuan/ton, a sharp increase of 186 yuan/ton compared with the previous trading day, and the continuous emergence of new materials. If the market trading atmosphere today does not pay attention to the good maintenance of equipment, the trading volume will increase significantly and the order volume will continue to decrease slightly

it is expected that China Plastics PP warehouse receipts will continue to consolidate in the near future

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

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