Comments on the hottest plastic warehouse receipt

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Comments on plastic warehouse receipts on February 4

gold and silver island warehouse receipts report: polypropylene and linear were mixed. The settlement prices of pp1004 and ll1005 today were 10769 yuan/ton and 11378 yuan/ton respectively, down 0.8 (1) US dollars per ton, up 28 yuan/ton compared with yesterday's settlement. A total of 1797 batches (8985 tons) were traded throughout the day, an increase of 239 batches compared with the previous trading day, and the total order volume reached 2092 batches (10460 tons), a decrease of 108 batches compared with the previous trading day

upstream dynamics: crude oil fell, ethylene rose and fell, and propylene rose slightly

overnight crude oil fell to close at 76.98, down $0.25. Ethylene monomer: CFR Northeast Asia reported $1356.00/ton, up $5; CFR Southeast Asia reported $1394.00/ton, down $5. Propylene monomer: FOB Korea reported US $1207.00/ton, up US $1; FOB Japan reported US $1205.00/ton, up US $1

[polypropylene variety]

1. External market: closing up slightly

fob Middle East homopolymer PP was reported at 1280-1290 (US dollars/ton), up 2.5 US dollars. FD northwest Europe homopolymer PP was reported on the nameplate with the title, standard, accuracy level, type, manufacturer, factory number and date of manufacture of the tensile machine (euro/ton) level, and Fas Houston homopolymer PP was reported at (US dollars/ton) level

2. Domestic spot: Sinopec North China was listed for sale, and the transaction was light

Sinopec North China continued to be listed for sale. The atmosphere in the PP market around Yanshan in the morning was general, and the quotation of middlemen was stable. The actual transaction can be discussed. The Spring Festival is approaching, and the market transaction atmosphere is not good; T30S is quoted at about 10600 yuan/ton. The spot market of PP in Yuyao region fluctuated little, traders shipped steadily, downstream purchases were scarce, and transactions were light; Sanyuan T30S was reported at about 10800 yuan/ton

3. Warehouse receipt trend: weak and volatile, slightly closing down

affected by the decline in crude oil, the main force of jubing warehouse orders 1004 opened slightly lower at 10800 today, and maintained a moderate shock in the morning. The highest price in the previous test was 10810 yesterday, and the lowest was 10745. It was weak in the afternoon, and closed at 10770, down 0.37%. All the problems of aluminum in the K line of Japan have not been solved. There is a small negative line with shadow line. From the continuous daily chart, all these equipment line systems (5, 10, 20, 30) converge. On the 30 minute chart, the short position above the zero axis of MACD two lines. The crude oil has temporarily taken a rest, and the fundamentals are stable. The short-term polypropylene warehouse receipts are still in a sideways range shock pattern, waiting for the guidance of the news. Short line reference support 10650, pressure 10900, 10950

[linear varieties]

linear 1005 rose slightly to close at 11378, up 0.25%

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