The hottest March 10 China Plastics warehouse rece

On March 10, China Plastics warehouse receipt PP market brief comment

I. Market Overview:

today, China Plastics PP warehouse receipt market continued the good trend of last weekend and continued to rise. The opening was slightly low, and then, supported by the strong support of the buyer, it was pulled straight into the session. The middle and rear session began to flatten, and the disk surface changed little, rising slightly to the close. The China Plastics PP warehouse receipt index closed at 1279.38, up 4.63 points from the previous trading day. Technically, the daily K-line closed at the short positive line, and the physical center of gravity continued to rise. The average line on the 5th and 10th days rose, but it was arranged below the physical center of gravity; KDJ index moves up, subject to overbought areas; The opening of the brin line is enlarged, and the price line is floating on the upper rail, and the price line is inclined upward. Today, the market trading atmosphere is more active and the transaction is still good; The intraday sales extensometer or strain gauge shows the elongation of the standard tensile sample relatively mostly. Many buyers close their positions and have new forces to enter, while many sellers build their positions every high, and the order changes little

II. Analysis of main varieties:

pp0804 opened high at 12065 yuan/ton. Today, except for the opening high, the two sides continued to be in a stalemate, with a slight rise in the late trading, and the end of the trading closed at 12092 yuan/ton. The settlement price of pp0804 was 12092 yuan/ton, up 36 yuan/ton from the previous trading day. The daily K-line closed at the short positive line, and the center of gravity entity continued to rise, and the 5-day moving average rose and sorted below the center of gravity of the entity; KDJ index moves up, subject to overbought areas. Today's trading atmosphere was flat, and the dual volume maintained the basic situation

pp0 the other three roller shaft seats can rotate around the shaft 805, opening low and going high at 12262 yuan/ton. Today, the overall buying was dominant, and many parties raised, but they were all suppressed and fell by the seller, and the offer ended up at 12320 yuan/ton. The settlement price of pp0805 is 12311 tons today. Purell rp320m used for casting film and injection molding processing has good mechanical properties, optical properties, excellent homogeneity and sealing performance, up 47 yuan/ton compared with the previous trading day. The daily K-line closed at the short positive line, and the center of gravity entity continued to move upward. The average line on the 5th and 10th days was upward, but it was still below the center of gravity of the entity; KDJ index rose, subject to overbought areas. The trading atmosphere was good today, with a slight increase in double volume and active transactions

III. comprehensive comments:

crude oil futures fell on Friday, dragged down by the worst level in five years by the U.S. employment data. Light sweet crude oil futures for April delivery on the New York Mercantile Exchange fell 32 cents, or 0.3%, to $105.15 a barrel. The contract once hit an intraday high of $106.54, a record high for the eighth day of the past nine trading days, but failed to maintain gains. ICE Futures Exchange April Brent crude oil futures contract closed down 16 U.S. cents, corresponding to a rapid pace, to $102.45 a barrel. The PP market in Yuyao plastic city is in good condition, and the quotation continues to rise, with the range basically ranging from yuan/ton. With the continuous rise of prices, the market buying was significantly more active than that in the early stage, and traders' confidence was enhanced. They were optimistic about the future market. Some traders with small supply had a reluctance to sell, and even began to close their offers. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymer is yuan/ton, the mainstream quotation of imported copolymer is yuan/ton, and the mainstream quotation of monofilament powder is 11850 yuan/ton

it is expected that the PP warehouse receipt market of China plastics will continue to be bullish in the future, supported by positive conditions

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

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content