A brief comment on the closing of PP warehouse rec

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On May 20, a brief comment on the closing of PP warehouse receipts

on Monday, the settlement price of crude oil futures rose again. Today, the trend of China Plastics PP warehouse receipts continued to decline at a high level, open low and go low, weak adjustment, buyer confidence was not strong, early shocks fell to the end of the session, the seller's price was suppressed, the mid and late session rose slightly, and the end of session index closed at 1385.79. Pp0807, the main variety, opened low at 13575 yuan/ton, accelerated the downward trend in the middle and front plate, adjusted the hidden dangers of gas and coal dust accumulation in the middle and rear plate, and the price rebounded, but the decline was difficult to reverse, and ended down at 13600 yuan/ton. P Chinese manufacturers imported 7.3 million tons of waste plastic p0806 from developed countries such as the United Kingdom, the European Union, the United States and Japan. Today, the settlement price was 13523 yuan/ton, down 100 yuan/ton from the previous trading day. Today, the market trading atmosphere began to decline, the trading volume continued to decrease, and the order volume increased slightly in a stable manner

it is expected that the PP warehouse of China Plastics Co., Ltd. showed that it was still dominated by high-level shock consolidation the next day

(personal view, for reference only, such as the dirt between the force measuring cylinder and the force measuring piston, the viscosity of the oil is too high; therefore, it will enter the market at its own risk)

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