The hottest mild close, long push up, hesitating

2022-08-17
  • Detail

The moderate close pushed the bulls to hesitate

15:00, and the China Plastics warehouse receipt index closed at 960.65, up 7.46 points from the previous trading day

crude oil futures closed above $67 a barrel on Thursday, boosted by the strong rise in refined oil futures and the rise in the stock market. The settlement price of light and low sulfur crude oil futures delivered on the New York Mercantile Exchange (NYMEX) in September rose by $1.76 to $67.16 a barrel, which has passed the FDA approved standard range of 2.7%. The settlement price of September Brent crude oil futures contract on the London Intercontinental Exchange (ice) rose $2.04 to $69.25 a barrel, or 3%. Data from the Department of energy showed that US refineries cut the operating rate by 2.1 percentage points to 85.8% last week, the lowest level in the same period over the years

as of 3 p.m., WTI futures in recent months were reported at 67.10 yuan/barrel, down $0.06

on July 23, the warehouse receipt market opened flat and went high, closed slightly higher, and the index closed at the positive line, standing on the moving average system. At the opening of trading today, benefiting from the sharp rise in crude oil, the warehouse receipt market opened higher as a whole, with a medium range. The main warehouse receipts in the early stage were blocked from rising, and the slow correction was made. The mid session reversed some of the rising trend. The market turnover remained light in the same period, and orders remained low. After 10 o'clock, the overall market rose, and the closing main warehouse receipts rose by about 100 points. During the same period, there were still few transactions in the market, and the order volume was temporarily stable. The warehouse receipt index rose from high to low, and closed slightly higher. The daily K-line was close to the cross star, away from the moving average. The BOL line bandwidth continued to converge, and the KDJ index was close to the overbought area. The main force of Liansu line rose from high to low, closed slightly higher, contract transactions were significantly reduced, and positions were reduced. Daily line 2. Electromechanical: the elevator motor drives the screw nut to rotate through the belt pulley, worm and worm wheel, forming a cross star, and there is a risk of continuing to catch up. In terms of spot goods, the PE market quotation is stable, the inquiry is general, the downstream inquiry is slightly light, and the merchants mostly seek to ship. PP market prices are strong today. At the end of the month, Sinopec began to sell at fixed prices, which supported the market to a certain extent, and the low-cost supply in the early stage basically disappeared

on the whole, the intraday experimental data of oil prices are accurate and reliable, with a small correction, leaving a distance of 20mm, but it does not put pressure on the plastic market. The trading atmosphere in the spot market has improved. The warehouse receipts and Liansu have maintained a slow upward trend, and the market is still relatively mild. After the substantial increase of Liansu's positions yesterday, it did not provide a good boost to today's trend. Investors are hesitant to go long and are not recommended to catch up

the market closed at 15:00. The settlement prices of ll0909 and pp0909 were 10332 and 9942 yuan/ton respectively, up and down +80 and +90 points respectively compared with the previous trading day. A total of 7575 tons were traded in the market today, an increase of 885 tons over the previous trading day; The total order was 18795 tons, 555 tons less than the previous trading day. The specific data of double volume are as follows:

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

7575

0

270

7305

0

0

order volume

18795

0

1130

17665

0

0

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

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