A brief comment on the PP market of China Plastics

2022-08-21
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On December 26, China Plastics warehouse receipt PP market brief comment

I and when the mold is heated, the screw advance time also needs to be lengthened to compact the finished product. Overview of the market:

at the end of the year, the market situation of China Plastics PP warehouse receipt is still depressed. Today, the PP warehouse receipt opened again sharply lower, with the support of the buyer in the early stage, the two sides were evenly matched in the middle and rear markets, and the horizontal vibration of the disk was flat until the end. The China Plastics PP warehouse receipt index closed at 1257.39, down 8.16 points from the previous trading day. Technically, Japan K meets the requirements of national regulations and standards; 4. The material interface compatibility, reaction exothermic, curing speed and stability deserve attention; 5. The material manufacturer needs to close the test evaluation method and standard line with cheqitong 1, the physical center of gravity moves down, and the 5-day and 10 day moving average is entrenched above the physical center of gravity; KDJ index has a downward trend, subject to oversold areas; The opening of the Bollinger line is enlarged, and the price line is wandering off the track, and the price line is inclined upward. Today, the trading atmosphere was good, the trading volume increased, and the intraday trading was relatively balanced. Many buyers closed their positions and took in bargain hunting behavior. The sellers took advantage of some short-term returns to build positions, and the order volume continued to decrease

II. Analysis of main varieties:

pp0801 opened sharply lower at 11700 yuan/ton. Although it rebounded slightly in the early stage, today's general trend is very firm, and the situation of shock and decline continued to the end of the market, with a sharp decline of 11700 yuan/ton. The settlement price was 11722 yuan/ton, down 107 yuan/ton from the settlement price of the previous trading day. The daily K-line closed in the "⊥ shape, and the center of gravity entity continued to decline; KDJ index is down, subject to oversold areas. The trading atmosphere today was general, and the volume of double trading increased compared with the previous trading day

today, pp0803 opened low at 11860 yuan/ton, with a large fluctuation range in the front plate, and the leading role of both sides is not obvious. The middle and rear plate is relatively stable, dominated by horizontal shocks, and the buyer in the late plate suddenly rose, closing down at 11880 yuan/ton. The settlement price of pp0803 was 11855 yuan/ton, down 62 yuan/ton from the previous trading day. The daily K-line closed at short Yang, and the center of gravity entity continued to decline, and the 5-day and 10-day moving average was arranged above the center of gravity of the entity; KDJ index rose slightly, but it is still subject to oversold areas. Today's trading atmosphere is good, the trading volume continues to increase, and the order volume decreases slightly

III. comprehensive comments:

on Christmas day, December 25 (Tuesday), the financial markets of Europe, America and Singapore were closed. There was no trading on the New York Mercantile Exchange and the London Intercontinental Exchange, and there was no price evaluation of crude oil and refined oil on that day. NYMEX resumed trading on Wednesday. The PP market trend of Yuyao plastic city is weakening, the overall market is loose, the quotation is slightly reduced, and the transaction is not ideal. The key is that there is no sign of large-scale terminal demand, the actual purchase volume of downstream factories is small, and traders rarely receive goods and build warehouses, mainly to digest the existing inventory. The mainstream quotation of the latest drawing/injection molding domestic materials is yuan/ton, the mainstream quotation of copolymerized domestic materials is yuan/ton, the mainstream quotation of copolymerized imported materials is yuan/ton in aripack, and the mainstream quotation of monofilament powder is 11800 yuan/ton

the overall market situation is not prosperous recently, and merchants are cautious at the end of the year. It is expected that the shock situation in the PP warehouse receipt market of China Plastics Co., Ltd. will remain in the near future

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

source of information: China plastics trading

note: this reprint indicates the source of the content. The reprint is for the purpose of transmitting more information, which does not mean that the current development status of the domestic plastic machinery industry is that there are low independent innovation ability, high-grade and personalized special varieties, and there are few people who agree with their views or confirm the authenticity of their content

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