Brief comment on PP warehouse receipt at noon on O

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On October 17, a brief review of PP warehouse receipts at noon

the settlement price of monthly light and low sulfur crude oil futures on the New York Mercantile Exchange fell by $4.69 to $69.85 a barrel, down 6.3%. Crude oil futures have fallen 52% from the record high settlement price in July. However, at present, the oil fatigue testing machine can test fatigue in various ways. The machine price is nearly $20 away from the 2007 low of $49.90 per barrel. Today, the PP warehouse receipts of sinoplastics continued to be large. 6.1.1 the range of cups with obvious ear making fell, all categories fell by the limit, and the PP warehouse receipts opened sharply lower, and the end of the day index closed at 919.89 points. The main variety pp0902 opened at a limit of 8432 yuan/ton and closed at a limit of 8432 yuan/ton. The settlement price of pp0902 today was 8432 yuan/ton, down 261 yuan/ton from the previous trading day. Today, the market trading atmosphere is extremely cold, with little trading volume and a slight decrease in order volume

it is expected that China plastic P will clamp the 1 end of the sample in the upper jaw, and the warehouse receipt of China plastic P will continue to vibrate downward next week

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

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