Comments on plastic warehouse receipts of the hott

Comments on the plastic warehouse receipt of the treasure island Stock Exchange on September 28

the warehouse receipt of the treasure island stock exchange reported that today, polypropylene and linear varieties rose across the board. The settlement prices of pp0812 and ll0812 were 11264 and 11817 yuan/ton respectively, up or down 76 and 98 yuan/ton respectively compared with yesterday's settlement. A total of 861 batches (4305 tons) were traded throughout the day, 827 fewer than the previous trading day, and the total order volume reached 3346 batches (16730 tons), an increase of 45 batches compared with the previous trading day

upstream dynamics:

nymex11 crude oil futures closed down $1.13 at $106.89 a barrel on Friday, and the market was closed on the weekend. Ethylene monomer: FOB Korea reported 1050.0 US dollars/ton, FOB Japan reported 1050.0 US dollars/ton. Propylene monomer: FOB Korea reported US $1131.0/ton, falling flat, and FOB Japan reported US $1129.0/ton

polypropylene varieties:

main force 0812 opened slightly lower in the morning at the lowest price of 11150 on the day, fluctuated upward, and fell slightly when it was blocked at 11320; In the afternoon, it returned to the rebound trend, but did not set a new intraday high to close at 11300

message side:

(1) external market: closed on weekends. On the 26th, CFR Far East homopolymer PP fell $10 (USD/ton), FOB Middle East homopolymer PP fell $10 (USD/ton), FD northwest Europe homopolymer PP fell flat (euro/ton), and Fas Houston homopolymer PP fell $11 (USD/ton)

(2) domestic market: Sinopec introduced the listing price during the festival today, which is 200 yuan/ton higher than the previous price, and 11700 yuan/ton for T30S. However, this news has little impact on the market, and businesses have long expected it. Due to the poor outlook and the approaching National Day holiday, there were countless PP transactions in North China this morning. T30S is still quoted at about 11500 yuan/ton

(3) manufacturer quotation/device dynamics: North China petrochemical manufacturers generally raise prices and list. Yanshan Petrochemical PP will open the order during the festival today. During the festival, the settlement policy will be postponed. The new listing price is 200 yuan/ton higher than the previous price, and the goods can be picked up normally in seven days. TIANLIAN PP issued an order during the National Day holiday today, and it was listed for sale. The listing price was 200 yuan/ton higher than the previous price. The unit began to be shut down for overhaul for 20 days

technical aspects (polypropylene and two):

(1) price trend: the medium-term trend of shock decline, and the short-term trend of return to decline; After opening slightly lower today, the rebound was cut off yesterday's decline due to the low risk of establishing a recycled plastic granule factory

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

(3) moving average (5,10,20), support pressure: on the daily line, the moving average system is still empty, and the price is completely below the 5-day moving average. Reference pressure 11500, 11650, support 11130

(4) indicators: MACD (26,12,9) is still bonded below the zero axis; KD (9,3,3) oversold area hovers without obvious signal

brief analysis and suggestions:

on the last trading day before the holiday, the short side did not take advantage of the situation to continue to suppress, but there were signs of active long building on the market, and the price rebounded slightly to pare yesterday's decline. Today, the pricing increase/price increase listing of spot noodle manufacturers also provides support for the disk. During the National Day holiday, there are great variables. Pay close attention to the trend of futures oil and the shipment of spot dealers

linear varieties:

the main force 0812 opened higher in the morning with a small margin of 11750. China will stop the import of 4 categories and 24 kinds of solid wastes. After a slight dip of 11740, it rebounded and stabilized, with a intraday high of 11900 and closed at 11850

message side:

(1) external market: closed on weekends. On the 26th, CFR Far East LLDPE was flat (USD/ton), FD northwest Europe LLDPE was flat (euro/ton), Fas Houston LLDPE was flat (USD/ton), and FOB Middle East LLDPE was flat (USD/ton)

(2) domestic market: Sinopec Beijing linear Festival supply pricing sales, traders are unwilling to pre-sale at low prices. Qilu Chemical City mostly continued yesterday's price, 7042 tax-free 11450 yuan/ton

(3) manufacturer quotation/device dynamics: Sinopec Beijing linear implemented the new pricing, TIANLIAN 9020 increased by 100 yuan/ton to 12250 yuan/ton, while the pre-sale price fell during the surrounding festivals. TIANLIAN linear device, with a capacity of 120000 tons/year, plans to stop yesterday and today for a one month maintenance. Guangzhou Petrochemical LLDPE unit 7042 is temporarily shut down, and it is produced in 2001

technical aspects (linear two)

(1) price situation: the medium-term trend of volatile decline, which continues to be weak in the short term; Today's rebound covered yesterday's downward gap

(2) K line shape and double quantity: take out the male line with shadow line. The trading volume decreased, and the order volume was basically flat

(3) moving average system (5,10,20), support pressure: on the daily line, the moving average system is still empty, and the price is completely below the moving average. Reference pressure 11900, 12100, support 11740, 11680, 11500

(4) index: on the daily line, the adhesion below the zero axis at MACD. KD oversold area hovers without obvious signal<10. Clean the mixer at the end of the work./p>

brief analysis and suggestions:

the last day before the festival is referred to as the cancer easy day of architecture, and the disk is mainly used to maintain stability. The short side did not continue to suppress, and the price took the opportunity to rebound to cover the gap that fell short yesterday. During the National Day holiday, the uncertainty of various factors increased. Pay close attention to the trend of futures oil and the latest trend of spot market. (personal view, for reference only)

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