Brief comment on PP warehouse receipt at noon on D
2022-08-22- Detail
On December 23, a brief review of PP warehouse receipts at noon
crude oil futures closed lower on Monday, dragged down by investors' concerns about demand. The market trading volume is more sluggish. In addition, market participants also tend to stay on the sidelines before the release of U.S. crude oil inventory data on Wednesday. China Plastics PP warehouse orders continued to be in the doldrums today, opening low, and then the buyer's support rose slightly. The gasket should be made of copper or aluminum alloy. The middle and rear plate fell in cold shock, and the end of the plate index closed at 702.94 points. The main variety pp0904 opened low at 6300 yuan/ton, with a slight upward shock in the early stage. After that, the seller suppressed the downward trend of the shock and maintained it until the end of the session, which ended down at 6280 yuan/ton. The settlement price of pp0904 is 63. For example, the tensile test of medical gloves is 20 yuan/ton, and the flexible packaging requires that one tensile testing machine is multi-purpose, which is a sharp decrease of 106 yuan/ton compared with the previous trading day. The trading atmosphere in the market today was general. The trading volume increased slightly compared with the previous transaction, and the order volume was stable
it is expected that in the near future, China Plastics PP warehouse receipts will continue to shake up, although there is still a certain gap in the production technology and scope of flame retardant PP in China compared with foreign countries
(personal view, for reference only; enter the market accordingly, at your own risk)
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