The hottest trading Express continued to shrink an

2022-09-27
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Trading Express - continuous plastic shrinkage rebounded, warehouse receipts opened low and rose

15:00, and the China plastic warehouse receipts index closed at 948.77, up 2.3 points from the previous trading day

following the sharp decline on Wednesday, as investors' buying interest rose above $70, oil prices basically maintained a slight upward trend in Asia and Europe on Thursday. However, after the release of the data on the number of initial jobless claims in the United States last week, the market began to worry about the economic fundamentals again, which suppressed the decline of oil prices and finally achieved "seven consecutive overcast". Oil prices once fell below the $70 mark on Thursday, It is also the first time that the customized color collection day fell below this level since October 8 this year. Oil prices peaked at $71.39 per barrel and fell as low as $69.81 per barrel, down $0.13 or 0.18% to close at $70.54 per barrel

as of 15:00 p.m., WTI futures in recent months were reported at $70.8/barrel, up $0.26

on December 10, the warehouse receipt market opened low, and the oscillation extended, and the medium range closed down. The index closed short of the positive line, falling below the 30 day line support. Today's opening, although crude oil has been negative for seven consecutive days, the decline narrowed. In the morning, the main opening was mixed. In the early stage of the session, various varieties oscillated and extended, with a very small amplitude. A very fine fiber surface was produced in the session, which was basically stable, and the transaction was seriously poor. The order volume was slightly reduced compared with yesterday's closing. After 10 o'clock, the main warehouse receipts rose and fell, the traders' mentality was sensitive, and the buying follow-up was limited. In the afternoon, the market rose again, most of them turned red, and the market turnover increased. The warehouse receipt index opened and oscillated, closed slightly higher, the daily line was short-term positive, the short-term average continued to decline, the daily KDJ index J line remained in the oversold area for narrow adjustment, the MACD index double line decline did not change, and the green column amplified. Liansu's main contract opened low and rose slowly, rising slightly. The daily line was short and positive. The entity was supported on the 40 day line. The contract transaction was seriously reduced, and the position was reduced by 7362 hands. In terms of spot goods, the current price of PP market is mainly stable, the market bearish mentality has eased, and the transaction price has room for negotiation. The transaction in PE market is still light, but the price begins to stabilize, and Petrochemical has not been settled yet. Traders can save 3 tons of standard coal per year, and temporarily take a cautious attitude

on the whole, the decline of crude oil has narrowed, and it is feared that it will rebound psychologically at $70 in the future. The spot quotation in the plastic market is strong, the mentality of merchants is complex, and the cost support role of petrochemical is strong. There is a requirement for technical rebound after the decline of Liansu and warehouse receipts for a week. In the short term, it is possible to try to do more light positions, but we should be alert to the panic and pressure that may be caused by the break down after the continuous contraction adjustment of a shares

the market closed at 15:00. The settlement prices of ll1001 and pp1001 were 10589 and 9964 yuan/ton respectively, up and down +6 and +23 points respectively compared with the previous trading day. A total of 9195 tons were traded in the market today, an increase of 490 tons over the previous trading day; The total order was 21375 tons, an increase of 390 tons over the previous trading day. The specific data of double volume are as follows:

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

9195

0

540

865 plastic granulator also causes serious environmental pollution. 5

0

0

order volume

21375

0

1785

19590

0

0

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