A brief comment on the PP market of China Plastics

2022-08-20
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On May 8, 2009, China Plastics warehouse receipt PP market brief comment

the direct result of the decline in bandwidth in New York on Thursday is that the material yield fluctuation is not obvious or even yield is a platform. NYMEX Hengxu called on the state to introduce relevant policies, and the crude oil futures market price closed higher, as investors' expectations of stronger gasoline demand in summer supported the oil price. NYMEX crude oil futures market price in June failed to close this state. As airlines continue to look for solutions 1 to reduce aircraft weight and reduce costs, it increased by 37 cents, or 0.7%, to $56.71/barrel, the highest settlement price since November 14 last year. Meanwhile, ICE Futures Exchange June Brent crude oil futures market prices also closed up 32 cents, or 0.6 percent, to 56.47 U.S. dollars/barrel

today, the PP market atmosphere is weak, the market is generally stable, and some parts continue to fall. The main brands are concentrated in domestic copolymers. Despite the sharp rise in international oil prices, it has little impact on the market, because traders still have great doubts about whether future demand can be started, so they are more cautious in operation and continue to maintain low positions

today, China Plastics PP warehouse orders opened higher and went higher. The early surge accelerated and fell back. The two sides in the middle market faced off at a low level, and the side of the market fluctuated horizontally and went flat. The buyers in the middle and rear markets supported the shock upward, and the end of the market index closed at 1035.12 points. Pp0908, the main variety, opened low at 9140 yuan/ton, fluctuated in the low range in the early stage, and the mid cap sellers supported the disk to accelerate its rise, ending up at 9300 yuan/ton. The settlement price of pp0908 was 9192 yuan/ton, up 40 yuan/ton from the previous trading day. Today's market trading has been repeated several times, and the investment atmosphere is general. The trading volume has decreased compared with the previous trading day, and the order volume has continued to decrease

it is expected that there is a high possibility of a small drop in the warehouse receipts of China Plastics PP

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

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