A brief comment on the PP market of China Plastics

2022-09-28
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On July 21, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index fell 0.39 points to 975.61 points, and China Plastics warehouse receipt index fell 1.92 points to 946.96 points

I. review of the crude oil market

crude oil futures rose slightly on Monday, as the improvement of the U.S. economic outlook brought good news to the crude oil and oil markets currently in a state of oversupply. The settlement price of light sweet crude oil futures for August delivery on the New York Mercantile Exchange (NYMEX) rose 42 cents, or 0.7%, to $63.98 a barrel. August crude oil futures contract will expire on Tuesday, and most of today's trading is centered on September crude oil futures. The settlement price of crude oil futures contract in September rose 71 cents to $65.29 a barrel. The settlement price of September Brent crude oil futures contract on the London Intercontinental Exchange (ice) rose $1.06 to $66.44 a barrel, or 1.6%

the minimum size should not be greater than mm. II. Fundamental information

① spot market:

PP market quotation rose slightly today. Under the influence of continuous rise of crude oil, the market mentality improved. At present, the market trading atmosphere has improved, but the actual transaction price is not significantly higher, and the downstream demand power is insufficient to drive the price higher

② dynamics of China Plastics spot Mall:

the overall price of PP in China Plastics spot mall rose and fell in general, with an adjustment range of yuan/ton

III Technical status

variety

opening price

closing price

settlement price

trading volume

order volume

pp0908

9830

9740

9774

86

845

pp0909

9850

9767

9796

896

2415

pp for accelerating the development of new material industry 0910

9850

9770

9790

385

564

pp0911

9850

9750

9796

10

3 4

quotation unit

yuan/ton

batch

today, sinoplastics PP warehouse receipts opened higher, medical supplies and food packaging opened higher, accelerated the upward rush in the early stage, and then the seller was strongly suppressed, the disk support effect was insufficient, accelerated the downward turn to fall in the front market, continued to fluctuate in the middle and back market, and fell to the end of the market. The PP warehouse receipts at the end of the market closed at 1095.69 points, down 2.29 points from the previous trading day, or 0.21%. The daily K line of PP index closed at the short negative line; The 5-day moving average rose slightly, finishing below the physical center of gravity; KDJ indicators cross upward, subject to oversold areas; The opening of the BOL line narrowed sharply, and the late trading entity swam up the track in the price line, and the price line fell. The trading atmosphere of PP warehouse receipt market today was low, and the double volume fell back compared with the previous trading day. The cumulative total turnover is 1380 batches; The order quantity is 3871 batches

the main variety pp0909 opened at a high of 9850 yuan/ton and went low. In the early stage, it peaked and accelerated to fall, and then continued to fall in the session after a sharp shock. The low-level operation in the middle and rear sessions fluctuated downward, and ended the session at 9767 yuan/ton. The settlement price of pp0909 was 9796 yuan/ton, down 19 yuan/ton from the previous trading day

IV. small aftermarket forecast of molding shrinkage

international crude oil prices continue to rise. Although the spot market price has risen, the overall trading atmosphere is poor, the demand is low, and there is a possibility of correction in the aftermarket. The analysis predicts that the PP warehouse receipt market of China plastics will continue to be shaken and consolidated tomorrow

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