The hottest November 2 China Plastics warehouse re

On November 2, China Plastics warehouse receipt PP market brief comment

I. Market Overview:

although crude oil futures prices fell slightly on Thursday, due to the high market enthusiasm, traders are generally optimistic about the future market. Supported by this positive, the opening price of China Plastics PP warehouse orders continued to open higher today. Although the seller intended to suppress in the early stage, he was not willing to deal with the increasingly warmer market atmosphere, and the disk continued to fluctuate and rise to the close. The China Plastics PP warehouse receipt index closed at 1334.96, up 13.77 points from the previous trading day. Technically, the daily K-line closed at the Zhongyang line, and the focus entity continued to rise, leading the 5-day moving average; KDJ index rises and is subject to overbought areas; The opening of the brin line is enlarged, and the price line is on the upper rail; MACD indicators show a long upward trend, and the future market is still optimistic. Today, the overall trading volume increased slightly, the order volume decreased, the market atmosphere warmed up, and it is not impossible to continue to rise in the future. In terms of transaction details, many sellers closed their positions and accompanied by xinkong entering the market, while buyers built positions one after another to catch up, with an active trading atmosphere and a large volume of transactions. It is expected that: in view of the many positive factors in the outer market, the possibility of China Plastics PP warehouse receipts catching up is greater

II. Analysis of main varieties:

pp0712 opened high at 12310 yuan/ton today. Although crude oil fell, market confidence has warmed up due to the continuous high level. Moreover, most people believe that the outlook for the future is optimistic, and the front market has continued to fluctuate upward. Both sides in the middle and rear markets should also control the differences in the high humidity of the curing box. The disk fluctuated horizontally in a narrow range and ended flat, with a closing price of 12445 yuan/ton. The settlement price was 12426 yuan/ton, up 152 yuan/ton from the previous trading day. The daily K-line closed in Changyang, and the physical center of gravity moved upward, above the 5-day moving average. Today's trading atmosphere is good, with a small increase in trading volume and a gradual reduction in order volume, and the price is expected to reach a new high

pp0801 opened high at 12420 yuan/ton, and the early shock rose. The buyer pushed up all the way to the middle market. The seller put pressure on the middle and rear market, and the market fell, but it was generally believed that the range was small, and the market ended up at 12500 yuan/ton. The settlement price rose 118 yuan from the previous trading day. The daily K-line closed at Zhongyang, and the center of gravity entity continued to move up according to statistics, and was above the 5-day moving average; KDJ index is at a high level, subject to overbought areas. Today's trading atmosphere is good. After yesterday's record high, the trading volume has made a breakthrough again today. Supported by the high price of crude oil, traders are still enthusiastic about the future market

III. comprehensive comments:

crude oil futures fell from a record high on Thursday, as the market began to reflect on the sharp rise in oil prices over the past period of time, and the dollar rebounded. The settlement price of WTI December crude oil futures contract fell $1.04 to $93.49 a barrel. The settlement price of Brent crude oil futures contract in December fell 91 cents to US $89.72 a barrel. The PP market in Yuyao plastic city is generally stable, and some continue to rise, with an increase of yuan/ton. Only the roller stripping experiment is that the high-level follow-up of downstream factories is not very strong, so the actual transaction volume is not obvious for the time being. The latest mainstream quotation of wire drawing/injection molding domestic materials is yuan/ton, that of copolymerized domestic materials is yuan/ton, that of copolymerized imported materials is yuan/ton, and that of monofilament powder is 11850 yuan/ton

(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