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    Home > Chemicals Industry > New Chemical Materials > PP high opening oscillation trading volume increased significantly

    PP high opening oscillation trading volume increased significantly

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    The PP1901 contract opened at 8950 yuan, the highest was 9040 yuan, the lowest was 8791 yuan, and closed at 8982 yuan, up 272 yuan, or 3.
    12%.

    The trading volume was reported 541898 lots, and the position decreased by 21098 lots to 286928 lots
    .

    PP

    News: PE and PP prices have fallen sharply in a row, and the popularity of Shenhua's online auction has recently rebounded
    sharply.
    On December 3, a total of 6082.
    95 tons of PP and PE products were auctioned throughout the day, with a total of 5758.
    2 tons sold, with a transaction ratio of 94.
    66%.

    Among them, the auction PP was 5373.
    73 tons, and the transaction was 5050.
    98 tons, accounting for 93.
    99%.

    The linear auction was 200 tons, with 198 tons, accounting for 99%, and the high-pressure auction was 509.
    23 tons, with 509.
    23 tons, accounting for 100%.

    The transaction price of some PPs is 30--100 yuan
    higher than the reserve price of the auction.
    It shows that the willingness to take goods downstream of polyolefin has increased
    significantly.

    Raw material price: naphtha CF Japan reported 487 US dollars / ton, +3.
    23%; FOB Singapore is trading at $52.
    169/b, +3.
    31%.

    ethylene CFR Northeast Asia 950 US dollars / ton, -5%; CFR Southeast Asia was trading at $860/mt, -5.
    49%.

    South Korea's FOB propylene price is 835 US dollars / ton, -0%, and the domestic propylene price is 7850 yuan / ton, +5.
    7%.

    Spot price: Southeast Asia reported $1070, -0%; The Far East was quoted at $1030/mt, -0%.

    Domestic: North China Qilu 9150 +3.
    39%; East China Sanyuan 9100 yuan, +1.
    68%; South China Maoming 9500 yuan, +0.
    53%.

    PP1901 opened high and fluctuated, the trading volume increased significantly, and the position volume decreased significantly (the main position was moving).

    Fundamentally, the easing of the Sino-US trade war has boosted market sentiment to a certain extent, and the rise in propylene prices has formed a certain support for PP, and the obvious recovery of spot trading volume has also supported prices
    .

    Technically, MACD turned low and showed signs of a golden cross, and KDJ was at a low gold cross upwards, indicating that there is a certain rebound requirement
    in the short term.
    In terms of operation, it is recommended that investors hold long orders with caution
    .
    Those who are short can open long positions lightly when they fall back
    .

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