A brief comment on the PP market of China Plastics

2022-10-15
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On July 30, 2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index fell 4.19 points to 988.69 points, and China Plastics warehouse receipt index fell 8.41 points to 964.31 points

I. review of crude oil market

crude oil futures in New York market closed down nearly 6% on Wednesday. The unexpected increase in U.S. oil inventories has once again raised concerns about weak demand. Light sweet crude oil futures for September delivery on the New York Mercantile Exchange fell $3.88, or 5.8%, to $63.35 a barrel. This is the lowest settlement price of crude oil futures since July 16, and also the largest one-day decline since April 20. The settlement price of Brent crude oil futures contract on ICE Futures Exchange fell $3.35, or 4.8%, to $66.53 a barrel

II. Fundamental information

① spot market:

today's PP market quotation fell slightly, but the overall situation is stable. The sharp decline in crude oil has turned the market mentality negative and reduced the enthusiasm for demand. However, the recent violent volatility of crude oil has also increased the uncertainty of its trend, and its guiding role in the trend of the plastic market has been diluted. Most market participants believe that there is little possibility of a sharp decline in the market, and there is no phenomenon of low price selling for the time being

② dynamics of China Plastics spot Mall:

today, the structure and working state of the original machinery and equipment will not be changed. In afternoon trading, the overall price of PP in China Plastics spot mall rose and fell, with a small adjustment range, basically between yuan/ton

III. technical status

variety

opening price

closing price

settlement price

trading volume

order volume

pp0908

9920

9900

9887

83

531

P is metallurgy Necessary testing instruments for machinery manufacturing and other units p0909

9950

10040

9973

552

1629

pp0910

9960

10050

9986

780

858

pp0911

9950

100 steel protective door qb/t1136 ⑴ 99150

9957

34

55

quotation unit

yuan/ton

batch

today, the sinoplastics PP warehouse list opened low and went low, and then continued to shake and fall back, and the bottom was sorted out, After that, it fluctuated upward, but due to the slow upward momentum, the PP warehouse receipt closed at 1115.23 at the end of the session, down 9.75 points or 0.87% from the previous trading day. The daily K line of PP index closed at the short positive line; The 5-day moving average continued to rise, finishing above the physical center of gravity; KDJ index goes down, and there is a dead cross, which is sorted out in the overbought area; The opening of the BOL line continues to enlarge, and the late trading entity moves up the track in the price line, and the price line inclines upward. The trading atmosphere of China Plastics PP warehouse receipt market today was general, the trading volume fell compared with the previous trading day, and the order volume increased slightly in a stable manner. The cumulative total turnover of this day is 1453 batches; The order quantity is 3091 batches

the main variety pp0910 opened low at 9960 yuan/ton, and began to rise after the early shock fell slightly. The intraday shock was horizontal, and the late shock rose to close at 10050 yuan/ton. The settlement price of pp0910 was 9986 yuan/ton, which was 85 yuan/ton lower than that of the previous trading day when the universal tension experiment motor sub tension machine adopted the full digital, closed-loop (force, deformation, displacement) control system based on Neuron Adaptive PID algorithm

IV. future forecast

today, the international crude oil price fell sharply, the spot market fell slightly affected by it, the market atmosphere was poor, and the transaction was depressed. However, due to the support of petrochemical ex factory prices, the downward trend may be suppressed. According to the analysis and prediction, there is a great possibility of shock consolidation in the PP warehouse receipt market of CSPC tomorrow

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