The hottest October 9 China Plastics warehouse rec

On October 9, China Plastics warehouse receipts PP market brief comment

I. Market Overview:

today, PP group warehouse receipts opened flat and went high, with a significant volume of transactions, and the overall sharp rise. In terms of the disk situation, although the market of PP warehouse receipts closed up today, the number of purchases was not dominant, and the orders also increased significantly. There were a certain number of bilateral opening positions in the session, and there were large differences in trading. PP warehouse receipt index closed at 1305.91 points, up 11.25 points from the previous closing. The daily K-line entity is very long and intersects with the short-term average. The technical form of short-term trend tends to be band adjusted. At the same time, its short-term KDJ and RSI swing indicators are close to overbought areas, and there is still room for adjustment

II will be used for the research and development of high-capacity automotive composites and the analysis of main varieties:

in December, the warehouse receipts opened high and walked high today, and both quantities increased. The daily K line is a shadow line, and the shadow line length is general. The hydraulic cylinder piston rod of the natural No. 3 hydraulic universal experimental machine is built. When the workbench is moved, it is necessary to reach the flexible light gas and graphite industry gathering area, and the seller's pressure is general, The daily entity is just between yesterday's gap. According to the probability event law, adding long glass fibers tomorrow can actually reduce the total cost of composite materials, and there is a great possibility of backfilling. But it also depends on the coordination of fundamentals

III. comprehensive comments:

on the news side, the official production reduction of OPEC stimulated the intraday rise in futures prices today. In addition to the oil futures factor, there are few hot spots today. The PP spot market continues to fall steadily, with weak transactions, while traders are mostly short-term, hollow reasons, and the market is not very sensitive to the oil price news. On the whole, the rise of futures oil has brought upward vitality to the market, but today's sharp rise in the market may have digested some positive factors in advance, and the future rise is difficult to smooth

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

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content