A brief comment on the PP market of China Plastics

On March 5, China Plastics warehouse receipt PP market brief comment

crude oil futures soared to a five week high on Wednesday, as U.S. oil supply showed signs of tightening after several months of rising. In the spot market, the market atmosphere is weak, and the quotation continues to weaken, ranging from yuan/ton. Affected by the listing policies implemented by Sinopec and other branches, the market has a strong wait-and-see mood. Traders continued to follow the market and operate in the short term due to the instability of the future market. On January 12, 2015, the downstream factories basically had no intention to prepare warehouses except for urgent non purchase. Today, in order to avoid the twists and turns caused by the pressure of the swing rod, the PP warehouse of Sinochem opened high in the single opening and accelerated to rise in the early stage. After that, the seller suppressed the decline of the disk, and the disk continued to fluctuate downward at a high level. The buyer had no turning power, and the index closed at 804.53 at the end of the session. The main variety pp0905 opened higher and lower at 7300 yuan/ton. The two sides insisted that the seller was dominant, and the market fluctuated downward, turning into a downward trend. At the end of the market, it closed down at 7170 yuan/ton. The settlement price of pp0905 was 7240 yuan/ton, down 26 yuan/ton from the previous trading day. Today, the market trading atmosphere was good, and the double volume increased significantly

the material testing machine is a material testing machine that integrates the functions of stretching, bending, tightening, shearing, ring stiffness, etc.

it is expected that the sinoplastic PP warehouse receipts will continue to shake and consolidate

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