The hottest trading Express goes against the oil d

[trading Express] the anti oil dip market showed fatigue again

[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1354.05 points, down 2.31 points from the previous trading day

the continued rise in oil prices on Wednesday failed to encourage the bullish atmosphere in the China Plastics warehouse receipt market. Today, the market stopped rising and retreated, and fatigue reappeared. In the morning market opening, LLDPE and PP were slightly lower and obtained the license to manufacture measuring instruments. The overall price showed a narrow fluctuation, and ended down slightly in the late trading; The three varieties traded in the afternoon also fell across the board, with a narrow range of price changes. From the perspective of disk situation, today's market wait-and-see atmosphere is strong, and the transaction is not active; Intraday sales accounted for a large proportion. Many buyers closed their positions, while some sellers sold back in the short term, and many took advantage of the situation to build positions. Orders changed frequently, of which pp0710 orders once exceeded 5000 batches. On the daily K-line chart of the warehouse receipt composite index, there is a short negative today. The entity is still above the moving average system, and RSI turns downward

on the whole, today's market is going against the oil downturn, the market mentality is cautious and difficult to hide, and the wait-and-see mood is getting stronger. It is expected that the warehouse receipt will still be difficult to get out of the consolidation situation in the short term when the current spot level has not been started

15:00 closing, the settlement prices of ab0708, hd0708, ll0708, pp0710 and pvc0708 were 15583, 12395, 12515, 12692 and 7423 yuan/ton respectively, up and down -25, -23, -17, -21 and -26 points respectively compared with the previous trading day. A total of 13475 tons were traded in the market today, 4655 tons less than the previous trading day; The total order was 64110 tons, an increase of 415 tons over the previous trading day. The specific data of double volume are as follows:

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

13475

115

2340

10775

145

100

order volume

64110

775

4975

57605

385

370

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

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