A brief review of PP warehouse receipts at noon on

2022-08-16
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On January 6, PP warehouse receipt midday brief comment

crude oil futures rose 5% on Monday to a one month high, extending the strong rise during the holiday. The armed conflict in the Gaza Strip and concerns about Russia's natural gas supply to Europe drove oil prices higher during the holiday. China Plastics PP warehouse orders opened higher and lower today, with a slight decline in the early stage. After that, the buyer's support accelerated upward. In the afternoon, the market fluctuated horizontally, and the end of the day index closed at 736.30. The main variety PP, especially plastic parts 0904, opened high and went low at 6600 yuan/ton. In the early stage, the seller suppressed the decline, the middle market buyer was dominant, and the shock went up. In the late session, it fell slightly. The company called this processing process automated fiber placement technology, and the end of the session closed up at 6600 yuan/ton in this plan. The settlement price of pp0904 was 6633 yuan/ton, up 72 yuan/ton year-on-year from the previous trading day. Today, the market trading atmosphere is good, the trading volume continues to increase slightly, and the order volume is relatively stable

material tensile testing machine is a precision instrument and equipment for testing the properties of metal, non-metal, rubber and other materials. It is expected that the PP warehouse receipts of China plastics will continue to be consolidated in the near future

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

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