Comments on plastic warehouse receipts of the hott

2022-08-13
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Comments on the plastic warehouse receipt of the treasure island Stock Exchange on November 24

the warehouse receipt of the treasure island stock exchange reported that today, polypropylene varieties rose by the overall limit, and linear varieties rose and fell. The settlement prices of pp0903 and ll0903 were 5824 and 6434 yuan/ton respectively, up 33 and 130 yuan/ton respectively compared with yesterday's settlement. A total of 1108 batches (5540 tons) were traded throughout the day, an increase of 1090 batches compared with the previous trading day, and the total order volume reached 954 batches (4770 tons), an increase of 187 batches compared with the previous trading day

upstream dynamics:

nymex1 monthly crude oil futures closed up $0.31 at $49.93 a barrel overnight, and as of 16:00 on November 24 Beijing time, January crude oil futures fell $0.04 to $49.89. Ethylene monomer: FOB Korea reported 355.0 US dollars/ton, FOB Japan reported 355.0 US dollars/ton. Propylene monomer: FOB Korea reported US $461.0/ton, FOB Japan reported US $459.0/ton

polypropylene varieties:

the Shandong Branch of China Aluminum Materials Application Research Institute set up the main force pp0903 in Shandong Huayu. In the morning, it opened significantly lower at the limit price of 5502, but the board failed to seal, and then fluctuated higher on the support of the average price line; In the afternoon, the daily limit of 6080 was pulled up, and the daily limit board was occasionally opened, and finally closed at the daily limit

the popular research directions at home and abroad are full-automatic universal electronic testing machine, dynamic testing machine (such as fatigue testing machine, impact testing machine) message side:

(1) outer disk Market: CFR Far East homopolymer PP reported (US dollar/ton) level, FOB Middle East homopolymer PP reported (US dollar/ton) level, FD northwest Europe homopolymer PP reported (euro/ton) level, f important embodiment: as Houston homopolymer PP reported (US dollar/ton) level in the loading process

(2) domestic market: there are not many early quotations in the PP market around Yanshan. They are waiting for the price of Sinopec Beijing to be released. The quotation of middlemen has not changed much from last week, but the actual transaction is a single negotiation. Among them, the intention of drawing T30S is reported at yuan/ton. The quotation of PP market in Tianjin fell slightly, and there was a lack of transaction in the market. The middleman quoted about 6300 yuan/ton for T30S, and the actual transaction was negotiated

(3) manufacturer's quotation/device dynamics: the design capacity of Tianjin Lianhua PP device is 70000 tons. The shutdown and overhaul began on September 28. The original plan lasted for days, and then the start-up plan was postponed to March 2009. Shaoxing Sanyuan PP plant was shut down for maintenance on November 20, and it is preliminarily planned to start on November 25. The total capacity of the device is 200000 tons/year. Jiujiang Petrochemical PP plant shut down for minor repair last Friday and started production of drawing T30S on Sunday. It is planned that drawing will continue until the end of this month

technical aspects (polypropylene and propylene link 2):

(1) price trend: medium level trend of shock decline, short-term wide range shock; The daily limit opened and the daily limit closed

(2) K-line shape and double quantity: take out bareheaded and barefoot Changyang. The transaction volume is large, and the order volume has increased

(3) moving average (5,10,20), support pressure: on the daily line, the 10 day moving average crosses the 20 day moving average to form a golden fork; On the 60 minute line, the moving average system is still in short position, and the 5-unit moving average stopped falling and rebounded. Reference pressure 6240, 6427, support 550 she introduced 2, 5293

(4) indicators: MACD (26,12,9) is still under the zero axis, showing a multi head shape; KD (9,3,3) has no obvious signal in the middle region

brief analysis and suggestions:

on the one hand, petrochemical manufacturers reduced their listing prices, the market transaction was still not smooth, and merchants' enthusiasm for speculation decreased; On the other hand, thanks to tight spot circulation resources, futures oil temporarily stopped falling and reorganized, and the warehouse receipt market lacked selling pressure. Extreme markets alternate in the short term, and it is advisable to operate cautiously. Pay close attention to the price adjustment trend of petrochemicals in the future market and the arrival of external orders

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