A brief comment on the closing of PP warehouse rec
2022-10-23- Detail
the settlement price of crude oil futures on Thursday was close to a two-week low, and the oil price plummeted by more than $4. The main reason is the reduction in demand. Today, with good toughness, rigidity and fatigue resistance, the PP warehouse receipts market continued to operate at a high level, opening higher and going higher, the buyer's support in the early stage surged rapidly, the middle and rear markets began to adjust and fall, and the horizontal shock to the close, The index closed at 1502.53. The main variety pp0807 opened at a high of 14620 yuan/ton. After a slight decline in the early stage, it accelerated its upward rush to 14799 yuan/ton. After the adjustment in the middle and late session, it fell back, with a range of fluctuations. In the late session, it rose again to the end of the session, and the end of the session quotation closed at 14735 yuan/ton. The settlement price of pp0806 today is 1. Microcomputer closed-loop control 1. The tensile test is to make seamless steel pipes into samples of 4699 yuan/ton, up 91 yuan/ton from the previous trading day. Today, the market trading atmosphere was good, the overall transaction volume was large, and the order volume remained stable
it is expected that the positive warehouse receipts of China Plastics PP will support the possibility of rising again
(personal view, for reference only; enter the market accordingly, at your own risk)
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