Comments on the hottest plastic warehouse receipt

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Comments on plastic warehouse receipts on March 2

polypropylene fell across the board. The settlement price of pp1004 today was 10878 yuan/ton, down 76 yuan/ton from yesterday's settlement. A total of 1648 batches (8240 tons) were traded throughout the day, a decrease of 441 batches from the previous trading day, and the total order volume reached 2115 batches (10575 tons), a decrease of 68 batches from the previous trading day

upstream dynamics: crude oil fell, ethylene fell slightly, and propylene remained stable

crude oil closed lower at 78.7 yesterday. Ethylene monomer: CFR Northeast Asia reported $1223.00/ton, down $2; CFR Southeast Asia reported $1218.00/ton, down $2. Propylene monomer: FOB South Korea reported US $1241.00/ton; FOB Japan reported $1239.00 per ton

[polypropylene varieties]

1. Main experimental waveforms in the outer disk Market: supported by the controller (including sine wave, square wave, 3-angle wave, oblique wave and external input waveform);: Europe and the United States fell slightly

fob Middle East homopolymer PP reported 1259-1261 (USD/ton), down $5, FD northwest Europe homopolymer PP reported flat (euro/ton), and Fas Houston homopolymer PP reported flat (USD/ton)

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

Sinopec was listed for sale in North China. The quotation of the market around Yanshan fell slightly in early trading, with a small range. The market lacked momentum, and the transaction was general; The local T30S quotation is 10700 yuan/ton. Spot transactions in Yuyao were weak, but Petrochemical prices were strong, and traders were unwilling to ship at low prices, resulting in a slight stalemate in the market; The quotation of Zhenhai T30S is about 11000 yuan/ton

3. Warehouse receipt trend: fluctuated lower, closing down in the medium range

if the oil is mixed with air

affected by the overnight crude oil crash, the main force of jubing warehouse orders 1004 opened flat today, and continued to fluctuate throughout the day, closing at 10810, down 1.28%. The trading volume will be significantly reduced, and the order volume will be reduced. The day K line receives a longer physical negative line. Seen from the continuous daily chart, it is in a volatile downward trend in the short term, and the focus of today's trading has shifted significantly downward. There is a dead fork above the zero axis of MACD. On the 30 minute chart, the short positions of the moving average system (5, 10, 20, 30) are arranged. Short position below MACD zero axis. Crude oil is sluggish, spot transactions are deadlocked, and demand has not yet improved significantly. The manufacturer's price increase has become the only positive factor. In the short term, we pay attention to the support of 10800 on the upper edge of the early shock range. Short line reference support 10800, 10650, pressure 10900, 11100

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