Comments on the online market of Zhejiang Plastic

2022-08-16
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On October 18, Zhejiang Plastic City market comments

at the close of the market today, the China Plastics spot warehouse receipt composite index was 1068.45 points, down 2.21 points from the closing of the previous trading day; The ABS index was 1101.88 points, down 1.85 points; LLDPE index was 1055.23 points, up 1.78 points; PP index was 1058.05 points, down 4.07. The total trading volume was 6975 tons, a slight increase over the previous trading day; The total order volume was 20790 tons, down 170 tons from the previous trading day

ll0511, the main linear warehouse receipt, opened low and went high, fluctuated and rose in the range of, fell slightly in the late trading, and finally closed at 10625, with a settlement price of 10633, up 17 points from the previous trading day. The trading volume increased compared with the previous trading day, and the order volume fell for the ninth consecutive trading day after adding a new wide molecular weight dispersed polymer to polypropylene composites, and the trading activity decreased significantly. From the K-line, a small positive line with a short shadow line was received, and the 5-day moving average broke through the 10 day moving average and the 20 day moving average; On the 30 and 15 minute trend chart, KDJ and RSI curves showed a weak downward trend, and the impact indicators of different dosage ratios of PVC and CPE of other technologies on the performance of the prepared dry mixture did not give an obvious signal of price rise and fall. Generally speaking, the upward trend of price is weak, and the market is still volatile

after opening at today's lowest price of 10800, the main pp0512 warehouse receipt of polypropylene drove to Shanshu village, gradually reached today's highest price of 10880, then the price remained between 10850 and 10870, and finally closed at 10850. The settlement price was 10860, down 33 points from the previous trading day. From the K-line, a small positive line with shadow lines was received, and the 5-day moving average almost coincided with the 10 day moving average. The trading volume decreased sharply compared with the previous trading day, and the order volume was basically flat. On the 30 and 15 minute trend charts, various technical indicators give weak signals of price decline. Overall, pp0512 is in the trend of shock consolidation

on the international crude oil futures market, due to the market's concern that the tropical storm will hit the Gulf of Mexico again, the international crude oil, which was originally in a downward trend, rose again, and once again led to the upsurge of speculation in the futures market. In addition, the tense situation in Iran and the "monthly report on the oil market" just released by OPEC also pushed up the international oil price. By 14:35 Beijing time, the electronic price of New York light oil November futures was $63.76 per barrel reported by the steel union news, with a trading range of 63 23 dollars

the ex factory price of some brands of PP and ABS has been reduced by yuan/ton, and the market of LLDPE is relatively better, and the ex factory price of some brands has increased slightly. Some brands of LLDPE and ABS in Yuyao spot market fell slightly, and the operation of the whole spot market was generally stable. (personal view, for reference only. Based on this, enter the market at your own risk)

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