The hottest December 25th, 2009 China Plastics war

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On december25,2009, China Plastics warehouse receipt PP market brief comment

China Plastics price index rose 4.85 points to 1046.96 points, and China Plastics warehouse receipt index rose 0.84 points to 997.81 points

I. upstream review

on Thursday (December 24), the West Texas Urban Construction Department of the New York commodity futures exchange will also try out the new material light oil on the new earth pedestrian overpass. The settlement price of February futures was $78.05 per barrel, up $1.38 from the previous trading day, with a trading range of 76 25 dollars; The February futures settlement price of Brent crude oil on the London Intercontinental Exchange was 76.3 per barrel, creating a terminal product of US $1, up US $0.86 from the previous trading day, with a trading range of 74 Five dollars

Far East propylene closed at USD/T FOB Korea on Thursday, up 5 USD/T. European propylene closed at euro/ton FD northwest Europe and euro/ton CIF northwest Europe, with a stable trend. Us propylene closed at 47 255 cents/pound, stable trend

II. Basic but already a relatively large model in the small trunk line family! Face to face news

① spot market:

pp market rose steadily and the rise slowed down. Crude oil continued to rise. In addition, there were not many resources. Merchants actively hyped it, and the quotation oscillated higher. The supply of high priced goods is excluded by downstream users, the volume of transactions is not obvious, and the upward momentum encounters resistance. According to the latest quotation of Yuyao plastic city, the mainstream quotation of domestic copolymer is yuan/ton, and the mainstream quotation of imported copolymer is yuan/ton

② dynamics of China Plastics spot Mall:

the listing of PP in China Plastics spot mall at noon today, and the quotations of some brands were adjusted, with a range of yuan/ton

III. technical status

main warehouse receipt

opening price

closing price

settlement price

trading volume

order volume













opening today, PP warehouse receipts opened higher. After yesterday's sharp rise, traders' profit taking psychology increased, After the market rose slightly in the early stage, it began to oscillate downward, and all the gains were reversed. At 11:30 a.m., the transaction ended, and the PP warehouse receipt index closed at 1149.20 points, down 0.03 points. In the afternoon opening, the warehouse receipt was slightly increased by a very small margin, and closed slightly higher in the late afternoon. The final PP warehouse receipt closed at 1149.70 points, up 0.47 points or 0.04% compared with the previous trading day. On the index day, the K line closed the cross line, the moving average system climbed rapidly, the MACD index rose on both lines, the red column increased, the J value of KDJ index fell, the opening of BOL line rose obviously, and the price line moved up slightly. Today's trading was poor. The trading volume was 1210 lots and the order volume was 4536 lots

the main variety pp1003 opened higher and fell back, and the market fluctuated sharply, rising to 10820 yuan/ton at the highest and 10695 yuan/ton at the lowest. In the afternoon, the market amplitude decreased, with little rise or fall, and closed slightly higher in the late afternoon. At the end of the session, pp1003 closed at 10750 yuan/ton, up 2 yuan/ton. The daily K line was negative, with a shadow line

IV. future forecast

affected by the high price of oil and upstream raw materials, the spot market rose steadily. Traders have good mentality and firm quotation. The downstream demand has not yet started, and the overall transaction volume is declining. Today, Liansu and the warehouse receipt market appeared differentiation. Liansu rose sharply and its technical form was good, while the warehouse receipt was blocked near the thousand points and adjusted in a narrow range. PP warehouse receipts opened high and fell back, with slight rise and fall, and the market was stagnant. It is expected that there is a great possibility of consolidation in the future

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