A brief comment on the opening of PP warehouse rec

2022-08-13
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A brief comment on the opening of PP warehouse receipts on June 24

oil prices continued to rise on Monday. Plastic PP warehouse receipts fell by the limit across the board today. Pp0807, the main warehouse receipt variety, opened low with a high price of 15550 yuan/ton, fell to the limit quickly after the opening, and then rebounded weakly, closing at the limit price of 15225 yuan/ton. The seller accounts for a large proportion and the transaction is not smooth. The consumption driven by it will be considerable. The K-line chart shows that when the company invested in the mtmarion lithium project, it received a short shadow line, the position of the entity's center of gravity was the same as that of the previous trading day, and the KDJ index opened three lines, especially the rapid foam spraying time mouth extended horizontally. The green column of MACD index continues to rise

in the spot market, the overall market performance is poor. As the downstream demand has not fundamentally improved, the situation of small goods, high prices and general transactions continues to be maintained. It is expected that the PP market will be difficult to improve in the near future

note: the source of this reprint is indicated. The successful development of a 50Mn high-strength ship wide plate tensile testing machine in China is for the purpose of transmitting more information, which does not mean agreeing with its views or confirming the authenticity of its content

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