The hottest trading Express oil helped the rising

2022-08-11
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[trading Express] oil helped the rising price soar

[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1299.28, up 13.68 points from the previous trading day

on Monday, the oil price stopped falling and returned to temperature. Today, the China Plastics warehouse receipt market continued to rebound, and the price rose sharply. The warehouse receipt composite index rose by more than 10 points, approaching the 1300 point mark, with a strong momentum

in the morning market opening, LLDPE and PP all jumped high, and the prices rose in the early stage driven by buying, and tended to be stable in the middle and late stages. Until the end of the day, they closed sharply, and the main varieties increased by more than 100 points; The three varieties traded in the afternoon also rose across the board, with a relatively small increase. In terms of the disk situation, today's market trading is stable and the transaction is still good; Intraday trading was relatively balanced, with some buyers selling back in the short term and many building positions to catch up, while many sellers closed their positions and sold short at high prices. There was a phenomenon of how far and near positions were moved in the PP sector, and orders were reduced slightly. The daily K-line chart of the warehouse receipt composite index closed out of Zhongyang today, the entity moved up to the top of the 20th line, and the KDJ index turned upward and returned to the overbought area

on the whole, today's market rally is like a rainbow, the market bullish confidence is high, and the future market is expected to rise further. However, as the index is close to the 1300 point mark and the technical indicators are overbought, the short-term callback pressure can not be ignored. In the current situation of no significant improvement in the spot, it is worth guessing that there is most upside space for warehouse receipts in the short term, and it is necessary to be cautious to pursue the rise

15:00 closing, ab0803, HD covestro's excellent Makrolon, makamoto LAN and other products were also or made some adhesive products, which were widely used in battery packs and charging equipment of electric vehicles. The settlement prices of 0803, ll0803, pp0803 and pvc0803 were 15179, 13693, 13754, 11950 and 7470 yuan/ton respectively, up and down by +18, +28, +181, +105 and +27 points compared with the previous trading day. A total of 8965 tons were traded in the market today, 665 tons less than the previous trading day; The total order was 22225 tons, 615 tons less than the previous trading day. The specific data of double volume are as follows:

1 scope of use

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

8965

60

2125

6580

105

95

order volume

222 25

145

6830

14885

215

150

(personal point of view, the elongation at break of ordinary polymer materials is also mostly between 50% and 100%, which is for reference only; therefore, entering the market at your own risk)

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