Comments on the plastic warehouse receipt of the h

2022-08-07
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Comments on plastic warehouse receipts of Jinyin Island Stock Exchange on December 31. The settlement prices of pp0904 and ll0904 were 6319 and 7194 yuan/ton respectively, up -63 and -138 yuan/ton respectively compared with yesterday's settlement. A total of 1192 batches (5960 tons) were traded throughout the day, a decrease of 757 batches compared with the previous trading day. The total order volume reached 2373 batches (11865 tons), a decrease of 57 batches compared with the previous trading day

upstream dynamics:

nymex2 crude oil futures closed down US $0.99 at US $39.03 per barrel overnight. As of 16:00 on December 31, Beijing time, the latest report of February crude oil futures was 38.3. The product took advantage of the high conductivity, superfine and dispersibility of graphene, and US $7 fell US $0.66. Ethylene monomer: FOB Korea reported that 53 airframe would not stop working at $8.0 per ton, and FOB Japan reported $538.0 per ton. Propylene monomer: FOB Korea reported US $501.0/t, FOB Japan reported US $499.0/t

polypropylene varieties:

the main pp0904 opened slightly lower in the morning at 6350, with a shock decline, and gained support and rebound at the end of 6290; In the afternoon, it continued to rebound and fell slightly to close at 6360 after touching the peak of 6380 in the late afternoon

news surface:

(1) external market: CFR Far East homopolymer PP fell by $5/ton (USD/ton), FOB Middle East homopolymer PP fell by $5/ton (USD/ton), FD northwest Europe homopolymer PP fell by $5/ton (euro/ton), Fas Houston homopolymer PP fell by $5/ton

(2) domestic market: there are few PP market quotations in North China. It is said that due to the update of the sales system, PetroChina was unable to issue the invoice during the holiday today, and it had to issue the invoice in the morning of the 1st. Middlemen and downstream companies are delisting in succession today, and some T30S are still reported at about 7100 yuan/ton

(3) manufacturer quotation/device dynamics: compared with traditional materials, Beijing PP will continue to implement the listing policy in january2009. Today, the listing price is released, and the T30S is charged 7000 yuan/ton. At present, PP of Sinopec Sales Guangzhou Branch is listed for sale again according to the original price of water pipe without damage of 150 yuan/ton. Today, PetroChina Huadong T30S is sold at a price of 7200 yuan/ton. The new organic plant in Dalian produces T30S. The 70000 ton old plant is shut down, and the other 50000 ton old plant is maintained shut down. Due to insufficient propylene, the old unit of Lanzhou Petrochemical has been shut down since June 10, and it has not been determined when to restart; The new PP plant starts to produce T30S

technical aspects (polypropylene and polypropylene company 2):

(1) price situation: the medium-sized trend of shock decline, which is in the shock bottoming market in the short term; Today, the bottom recovered and closed slightly lower

(2) K-line shape and double quantity: collect the cross Yang star. The trading volume decreased significantly, and the order volume decreased slightly

(3) moving average (5,10,20), support pressure: on the daily line, the moving average system tends to bond, and the closing is between the 5 and 10 day moving average; On the 60 minute line, the 5-unit moving average crosses the 10 unit moving average, and is bonded with the 20 unit moving average. Reference pressure 6470, 6550, support 6290, 6120

(4) indicators: MACD (26,12,9) tends to bond below the zero axis, and it is multi headed on the 60 minute line below the zero axis; KD (9,3,3) double lines are bonded near the oversold area, and a golden fork occurs near the oversold area on the 60 minute line

brief analysis and suggestions:

the oil futures market fell overnight and the electronic market fell. Sinopec Beijing was listed at the previous price, the terminal demand was still low, and the merchants had expectations for the import of materials, so they were generally bearish on the market in January. The focus of jubing warehouse receipt moved down today, and the overall situation is still in shock. The future market will continue to wait for guidance

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