Comments on plastic warehouse receipts of the hott

2022-08-16
  • Detail

Comments on the plastic warehouse receipt of the treasure island Stock Exchange on December 8

the warehouse receipt of the treasure island stock exchange reported that today, polypropylene varieties rose by the limit across the board, and linear varieties rose sharply. The settlement prices of pp0903 and ll0903 were 6255 and 6706 yuan/ton respectively, up 253 and 110 yuan/ton respectively compared with yesterday's settlement. A total of 137 batches (685 tons) were traded throughout the day, an increase of 53 batches compared with the previous trading day, and the total order volume reached 1926 batches (9630 tons), a decrease of 3 batches compared with the previous trading day

upstream dynamics:

nymex1 monthly crude oil futures closed down $2.86 at $40.81 a barrel overnight. As of 16:00 on December 8, Beijing time, January crude oil futures rose $2.38 to $43.19. Ethylene monomer: FOB South Korea reported 405.0 US dollars/ton, FOB Japan reported 40581 on the occasion of the military day 0 USD/ton. Propylene monomer: FOB Korea reported $481.0/ton, FOB Japan reported $479.0/ton

polypropylene variety:

the main pp0 masonry hammer 903 opened sharply lower in the morning at the limit price of 5702, and quickly rose. At 9:14, it was closed at 6302, and the intraday limit was only slightly opened once, and then firmly closed to the close

news surface:

(1) external market: CFR Far East homopolymer PP reported flat (US dollar/ton), FOB Middle East homopolymer PP reported flat (US dollar/ton), FD northwest Europe homopolymer PP reported flat (euro/ton), Fas Houston homopolymer PP reported flat (US dollar/ton)

(2) domestic market: the quotation of PP market around Yanshan is not much, and the market price has a slight downward trend. Due to the continuous decline of crude oil, the downstream demand is very poor, and the middlemen lack confidence in the future market. At present, the local T30S is reported at about yuan/ton. The PP market quotation in Tianjin fell in the morning. As Sinopec has not yet issued the settlement price, the market quotation is very few. Middlemen are in a strong wait-and-see mood. It is said that T30S is at 6800 yuan/ton. Businesses said that there was little pressure on resources at present

(3) manufacturer's quotation/device dynamics: Maoming Petrochemical PP device line 1 started production of T30S on December 5, and line 2 switched to production of n-f280m. Jiujiang Petrochemical sling tension testing machine is a special testing equipment manufactured by our company Jinan new era Gold Testing Instrument Co., Ltd. for the tension test of synthetic fiber sling. PP device No. 5 is converted from T30S to T36F film material; Due to the overhaul of the upstream oil refining unit and the insufficient supply of raw materials, the current operating rate of PP unit is about 70%. The designed annual capacity of the device is 100000 tons/year. Zhenhai Refining and chemical PP plant currently produces wire drawing T30S, with an operating rate of about 80%; The manufacturer plans to switch to film material f280z on the 10th for about ten days; The designed annual capacity of the device is 200000 tons/year

technical aspects (polypropylene and two):

(1) price situation: the medium-term trend of volatile decline, with a wide range of fluctuations at historical lows in the short term; Today, it was quickly pulled from the daily limit to the daily limit

(2) K-line shape and double quantity: take out bareheaded and barefoot Changyang. The transaction volume and order volume are basically the same

(3) moving average (5,10,20). Support pressure: on the daily line, the 5-day moving average crosses the 10-day moving average to form a dead cross, and the closing returns to the top of the 20-day moving average; On the 60 minute line, the 5-unit moving average crosses the 10 unit moving average to form a golden fork. Reference pressure 6430, 6650, support 5702, 5502

(4) indicators: MACD (26,12,9) leveled below the zero axis, the slow line fell slightly on the 60 minute line, and the zero axis leveled; KD (9,3,3) hovered in the middle area, and rose sharply after a golden fork occurred in the oversold area on the 60 minute online

brief analysis and suggestions:

warehouse receipt report of Jinyin Island Stock Exchange: Polypropylene varieties rose by the limit across the board today, and linear varieties rose sharply. The settlement prices of pp0903 and ll0903 were 6255 and 6706 yuan/ton respectively, up 253 and 110 yuan/ton respectively compared with yesterday's settlement. A total of 137 batches (685 tons) were traded throughout the day, an increase of 53 batches compared with the previous trading day, and the total order volume reached 1926 batches (9630 tons), a decrease of 3 batches compared with the previous trading day

upstream dynamics:

nymex1 monthly crude oil futures closed down $2.86 at $40.81 a barrel overnight. As of 16:00 on December 8, Beijing time, January crude oil futures rose $2.38 to $43.19. Ethylene monomer: FOB South Korea reported US $405.0/easy to operate 10 minutes per ton, FOB Japan reported US $405.0/ton. Propylene monomer: FOB Korea reported $481.0/ton, FOB Japan reported $479.0/ton

polypropylene variety:

the main pp0903 opened sharply lower in the morning at the down limit price of 5702, and quickly rose. At 9:14, it closed the up limit of 6302. The intraday limit was only slightly opened once, and then firmly closed to the close

news surface:

(1) external market: CFR Far East homopolymer PP reported flat (US dollar/ton), FOB Middle East homopolymer PP reported flat (US dollar/ton), FD northwest Europe homopolymer PP reported flat (euro/ton), Fas Houston homopolymer PP reported flat (US dollar/ton)

(2) domestic market: the quotation of PP market around Yanshan is not much, and the market price has a slight downward trend. Due to the continuous decline of crude oil, the downstream demand is very poor, and the middlemen lack confidence in the future market. At present, the local T30S is reported at about yuan/ton. The PP market quotation in Tianjin fell in the morning. As Sinopec has not yet issued the settlement price, the market quotation is very few. Middlemen are in a strong wait-and-see mood. It is said that T30S is at 6800 yuan/ton. Businesses said that there was little pressure on resources at present

(3) manufacturer's quotation/device dynamics: Maoming Petrochemical PP device line 1 started production of T30S on December 5, and line 2 switched to production of n-f280m. Jiujiang Petrochemical PP Plant No. 5 was converted from T30S to film material T36F; Due to the overhaul of the upstream oil refining unit and the insufficient supply of raw materials, the current operating rate of PP unit is about 70%. The designed annual capacity of the device is 100000 tons/year. Zhenhai Refining and chemical PP plant currently produces wire drawing T30S, with an operating rate of about 80%; The manufacturer plans to switch to film material f280z on the 10th for about ten days; The designed annual capacity of the device is 200000 tons/year

technical aspects (polypropylene and two):

(1) price situation: the medium-term trend of volatile decline, with a wide range of fluctuations at historical lows in the short term; Today, it was quickly pulled from the daily limit to the daily limit

(2) K-line shape and double quantity: take out bareheaded and barefoot Changyang. The transaction volume and order volume are basically the same

(3) moving average (5,10,20). Support pressure: on the daily line, the 5-day moving average crosses the 10-day moving average to form a dead cross, and the closing returns to the top of the 20-day moving average; On the 60 minute line, the 5-unit moving average crosses the 10 unit moving average to form a golden fork. Reference pressure 6430, 6650, support 5702, 5502

(4) indicators: MACD (26,12,9) leveled below the zero axis, the slow line fell slightly on the 60 minute line, and the zero axis leveled; KD (9,3,3) hovered in the middle area, and rose sharply after a golden fork occurred in the oversold area on the 60 minute online

brief analysis and suggestions:

futures oil fell close to $40/barrel overnight, and jubing warehouse orders fell to the limit at the opening, but the tight spot resources made the selling pressure weak; As the futures electronic disc stabilized, the buyer quickly pushed the price up to the limit. Technically, in the past month, it has stepped out of the triangle consolidation form, and today it hit the bottom edge and rebounded strongly again. The aftermarket is concerned about the emergence of breakthroughs

note: the reprinted content is indicated with the source. 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

Copyright © 2011 JIN SHI