Comments on plastic warehouse receipts of the hott

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Comments on the plastic warehouse receipt of the treasure island Stock Exchange on September 12

the warehouse receipt of the treasure island stock exchange reported that today, polypropylene varieties rose significantly as a whole, and linear varieties rose across the board. The settlement prices of pp0811 and ll0811 were 11960 and 12501 yuan/ton respectively, up or down -2 and 105 yuan/ton respectively compared with yesterday's settlement. A total of 2739 batches (13695 tons) were traded throughout the day, an increase of 159 batches compared with the previous trading day, and the total order volume reached 2636 batches (13180 tons), a decrease of 499 batches compared with the previous trading day

upstream dynamics:

nymex10 original measurement process is harmless to workpieces. Oil futures closed down $1.71 at $100.87 a barrel overnight. As of 16:00 on September 12, Beijing time, the latest report of October crude oil futures was $101.98, up $1.11. Ethylene monomer: FOB Korea reported 1240.0 yuan/ton, FOB Japan reported 1240.0 yuan/ton. Propylene monomer: FOB Korea reported 1351.0 yuan/ton, down 15 yuan. Fob3. Move the limit clamp of the extension ruler to contact the pointer of the extension ruler, and Japan reported 1349.0 yuan. The installation of the experimental machine is not horizontal, down 15 yuan/ton

polypropylene varieties:

the main force 0811 was slightly lower by 11900 in the morning. Generally, the carbonization temperature of MOF materials needs to be more than 500 degrees Celsius, which fluctuated downward to the lowest point of the day, and then fluctuated upward after 11830; In the afternoon, it continued to surge, reaching 12095 at the highest and closing at 12088

news surface:

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

(2) domestic market: the atmosphere in the PP market around Yanshan was light this morning, Sinopec continued to list, crude oil fell continuously, and middlemen were pessimistic about the future market. As the Mid Autumn Festival approaches, some businesses have taken holidays in advance. Local CNPC T30S reported 12200 yuan/ton, which is said to have been traded at a lower price

(3) manufacturer's quotation/device dynamics: the PP device of Daqing Petrochemical began to be shut down for maintenance on September 1, and the T30S was turned down by 12200 yuan/ton today. The current drawing material T30S produced by PP plant of Zhenhai Refining and Chemical Co., Ltd. was reduced by 400 yuan/ton today, and will continue to be listed for sale after settlement. Maoming Petrochemical PP plant line 1 produces T30S, and line 2 is converted from n-t30s to n-hphm-160

technical aspects (polypropylene and propylene link 1):

(1) price trend: the medium-term trend of volatile decline, and the short-term decline is slightly slower; After hitting a new low in the session today, it rebounded sharply, but it was still suppressed by yesterday's high

(2) K-line shape and double quantity: take out the neutral line with shadow line. The trading volume has increased, and the order volume has decreased significantly

(3) moving average (5,10,20,30), support pressure: on the daily line, the moving average system is still empty, and the price is completely below the 5-day moving average; On the 60 minute line, the 5-unit moving average showed signs of a golden fork above the 10 unit moving average, and the late price jumped above the 10 unit moving average. Reference pressure 12110, 12280, support 11830, 11680

(4) index: there is a short position below the zero axis at MACD (26,12,9); Golden forks occur below 20 in the oversold area of KD (9,3,3)

brief analysis and suggestions:

the disk shows that the main force of polypropylene rose in the afternoon driven by the linear rising market, driven by the short covering. Due to the suspension of trading during the Mid Autumn Festival holiday, bears have an obvious willingness to leave the market to avoid risks. Pay close attention to the latest trends in the news next week, and it is not appropriate to build a mid line multi position before there is no turning signal

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