The hottest trading Express fell and may adjust in

2022-09-19
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[trading Express] the decline is blocked and may be adjusted in the short term

[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1383.94, down 9.21 points from the previous trading day

crude oil futures rose slightly on Monday, affected by the supply disruption in Nigeria and tough remarks from Iran, but macroeconomic problems still put pressure on the market. The settlement price of September light sweet crude oil futures on the New York Mercantile Exchange rose $1.47, or 1.19%, to $124.73 a barrel; Brent crude oil futures on the ice futures exchange closed up $1.32 to $125.84 a barrel. Crude oil futures prices rose only for the third time in the last 10 trading days on Monday. Since the record high of $1145.29 per barrel of cellulose plastic, the strongest plastic in thermoplastics, was hit on July 3, oil prices have fallen by more than $20 per barrel, or 14%, suspending this historic bull market trend

as of 3 p.m., the electronic intraday quotation of WTI recent month futures was reported at 124.75 yuan/barrel, up US $0.02

on Monday, the volume of warehouse receipts fell deeply, and the index fell below the fourthousand mark. Traders were active in short selling, and orders increased significantly at the end of the day. Today's opening, the main varieties opened slightly lower, with a narrow intraday oscillation and the intention of recovery, but the early support in terms of volume and energy was not satisfactory, the number of buyers was insufficient, and the price fell again under the pressure of the short side. After 10 o'clock, the main warehouse receipts oscillated and rebounded, and the decline was covered. The late trading of PP was close to yesterday's settlement price level, with a slightly larger linear decline. The market was active in this period, but orders decreased sharply, a large number of profit taking emerged, and short covering caused the recovery of the market. The warehouse receipt index opened slightly lower in the morning, with intraday oscillation and decline, and the closing decline was close to 10 points. The daily K-line was a small negative line, and the entity was very short, which deviated significantly from the 5-day moving average. It is afraid that there is a return intention in the short term. Liansu opened low and oscillated today. The main force closed at cross star, trading volume was reduced, positions were reduced, and the disk fell into a short-term equilibrium. The rebound was weak. In the short term, it may enter a horizontal adjustment pattern. In terms of spot goods, the downturn in the PE market remains unchanged, and the market price of domestic materials continues to fall. PetroChina cut prices again, posing a heavy pressure on Sinopec, whose inventory continues to grow. Traders are confused about the future market and operate cautiously. The import price has stabilized, mostly at the same level as yesterday's price. The overall performance of the PP market in China plastic city is light. The key is the lack of hot spots in the market, and it is difficult to make a breakthrough in transactions. In terms of the market, the market was stable, and the small market continued to decline. At present, most traders basically hold a wait-and-see attitude

warehouse receipts fell and rebounded today, with active transactions. At the same time, orders fell sharply in the late trading, and there were full intraday changes. Profit taking once emerged. Traders were cautious to chase short, and the short-term market may fall into a balanced situation, waiting for further information on fundamentals

15:00 closing, the settlement prices of ab0809, ll0809 and pp0809 were 15663, 13418 and 1 respectively. At present, 3 enterprises are competing to participate in 427 yuan/ton, up and down by -57, -201 and -77 points respectively compared with the previous trading day. A total of 10205 tons were traded in the market today, 985 tons less than the previous trading day; The total order was 19645 tons, a decrease of 1120 tons compared with the previous trading day. Double quantity specific lifting and moving beam makes the distance between the upper and lower pressing plates about 20mm. The data are as follows:

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

10205

80

1470

8655

0

order volume

19645

455

4705

14460

0

0

(personal view, for reference only; based on this, enter the market at your own risk)

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