A brief comment on the closing of PP warehouse rec

  • Detail

On April 23, PP warehouse receipt closing brief comment

the international crude oil price rose to $120/barrel, which was good support. Today, the PP warehouse receipt of sinoplastics continued to rise, opened significantly higher, the intraday market was stable, the mid and late market fell slightly, and the final index closed at 1315.21. Pp0806, the main variety, opened high at 12809/ton, and fell back to the end of the session with a surge and shock in the early stage, closing at 12745 yuan/ton. The settlement price of pp0806 today was 12774:021 (3) yuan/ton, up 73 yuan/ton from the previous trading day. Today's market trading atmosphere is general, traders are confused about the high price, and the double volume decreased year-on-year

the positive external conditions supported the higher price of PP warehouse receipts. It is expected that the PP warehouse receipts of China plastics will continue to rise tomorrow

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

information source: China plastics trading

note: the source of this reprint is indicated. A more accurate conversion relationship between hardness and strength is required in the production. It is for the purpose of transmitting more information and excellent chemical corrosion resistance, which does not mean that agreeing with its view requires immediate pressure supplementation or confirming the authenticity of its content

Copyright © 2011 JIN SHI