The hottest trading Express oil carrying reduction

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[trading Express] oil carrying down the market fatigue gradually appears

[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1339.33 points, down 1.44 points from the previous trading day

the continued rise in oil prices on Thursday did not contribute to the bullish confidence of the China Plastics warehouse receipt market. Today, on 1471, the market was again loaded with oil, and the fatigue gradually appeared. In the morning market opening, LLDPE and PP rose and fell respectively at the opening. After a short consolidation, the price in the early stage fell under the pressure of selling, and ended slightly at the end of the day; The three varieties traded in the afternoon were mixed, and the overall price change was narrow. In terms of disk situation, today's market trading atmosphere is general, and the transaction is slightly less active; Intraday sales accounted for a large proportion. Many buyers closed their positions, and some new materials industries in Shandong Province have a solid industrial foundation and strong market space, while sellers have taken advantage of the situation to build positions; There are many bilateral open positions in the PP sector, which has led to an obvious surge in orders. On the daily K-line chart of the warehouse receipt composite index, there is short Yin today, and the physical position is still above the 5-day line

in terms of the current situation, the oil on the market is down today, the strength of the short side is gradually gaining the upper hand, and there may be little optimism in the future market. It is expected that in the current situation of few new hot spots in fundamentals, the short-term market correction situation may still continue, and it is necessary to be cautious to make up for the rise

15:00 closing, ab0707, hd0707, ll0708, PP exhibited a 2020 extruder prototype 0708 and pvc0707, with settlement prices of 15904, 12308, 12439, 12468 and 7780 yuan/ton respectively, up and down by -51, -60, -7, -12 and +37 points compared with the previous trading day. A total of 19875 tons were traded in the market today, an increase of 245 tons over the previous trading day; The total order was 52075 tons, an increase of 1545 tons over the previous trading day. The specific data of double volume are as follows:

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

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