[trading Express] high opening, falling back and upward resistance began to show
[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1344.69 points, up 5.42 points from the previous trading day
oil prices continued to rise on Thursday. Today, the China Plastics warehouse receipt market tried to break through the 1350 point mark upward, but it failed. The overall market opened higher and fell, and upward resistance began to show
in the morning market opening, LLDPE and PP opened higher as a whole. After the initial price rose briefly, it was suppressed by selling and fell back. In the late trading, most of them closed down by varieties for the convenience of repair; The three varieties traded in the afternoon opened up and down, and then rose across the board. Among them, the PVC plate rose well, and the varieties rose by the limit in recent months. In terms of the disk situation, today's market trading atmosphere is active and the volume of transactions is large; Intraday sales accounted for a large proportion. Many buyers closed their positions and some new forces entered. Sellers took advantage of the situation to build positions. There were more bilateral closing positions in the PP sector, which led to an obvious reduction 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 moving average system for corresponding experiments
judging from the current situation, today's market rally was blocked, traders' bullish confidence wavered, and there may be little optimism in the future market. It is expected that after the sharp rise in the previous stage, the market callback pressure has shown, and consolidation may be ushered in in the short term
15:00 closing, the settlement prices of ab0707, hd0707, ll0707, pp0708 and pvc0706 were 16017, 12382, 12474, 12507 and 7963 yuan/ton respectively, up and down by -22, +15, +11, +70 and +114 points compared with the previous trading day. A total of 28030 tons were traded in the market today, an increase of 220 tons over the previous trading day; The total order was 46470 tons, a decrease of 1735 tons compared with the previous trading day. The specific data of double volume are as follows:
total amount
ABS
LLDPE
PP
PVC
HDPE
trading volume
28030
130
3095
2 has great advantages in improving printing quality 4200
335
270
order volume
.46470
825
4930
39925
395
395
(personal view, for reference only; based on this, enter the market at your own risk)
note: the reprinted content is indicated with the source. The reprint is for the purpose of delivering more information in the midst of the rising price tide and environmental storm, and does not mean to agree with its views or confirm the authenticity of its content
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