A brief comment on the PP market of China Plastics

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On March 9, the price of crude oil rose by 4.4% to $45.52 a barrel, the highest level since January 26. The news about an oil tanker flooding in the waters near Texas further boosted the already strong crude oil market. The spot market continued to be flat, the market was generally stable, with local narrow fluctuations, and transactions did not improve. Downstream workers 1. Introduction to the universal mechanical experimental machine for College Teaching: the factory is not started high, the purchase is still a small number of times, bargain hunting, and the demand is difficult to see and increase; While the positions of traders are moderate or less, and there are not many warehouse builders. Basically, they still focus on shipping. China Plastics PP warehouse orders opened higher and higher today. Buyers were all supported by the paper industry's capacity reduction, G20 production suspension and restriction, and the tide of environmental protection. The high level fluctuated horizontally, and the index closed at 820.00 at the end of the session. The main variety pp0905 opened high at 7350 yuan/ton, and the buyer supported the disk and paid 10% sharply Input power: 1 kW, high-level operation, ending at 7383 yuan/ton. The settlement price of pp0905 was 7384 yuan/ton, up 168 yuan/ton from the previous trading day. Today, the market trading atmosphere was general, the trading volume continued to decrease, and the order volume basically maintained the level of previous trading days

affected by the listing and consolidation of Sinopec, the spot demand is low and the transaction is not smooth, it is expected that the position of the PP warehouse receipt of China plastics will continue to fluctuate and consolidate

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

note: the source of this reprint is indicated. Reprint is for the purpose of not smearing butter too much than passing more information, which does not mean that you agree with its view or confirm the authenticity of its content

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