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    Home > Chemicals Industry > New Chemical Materials > PP high opening oscillation volume positions have decreased

    PP high opening oscillation volume positions have decreased

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    The PP1809 contract opened at 8940 yuan / ton, the highest was 8998 yuan / ton, the lowest was 8921 yuan / ton, and closed at 8930 yuan / ton, up 35 yuan, up 0.
    39%.

    The volume was reported 249084 lots, and the position decreased by 23258 lots to 350150 lots
    .

    PP

    News: The capacity utilization rate of petrochemical enterprises in China was 90.
    0% this week, down 0.
    3%
    from last week.
    From a regional point of view, the capacity utilization rate of the Zhongsha Tianjin petrochemical plant in North China was slightly reduced, while the plant in other regions was stable and the capacity utilization rate did not change much
    .

    Raw material prices: Japan naphtha CF Japan reported 626.
    12 US dollars / ton, down 0.
    24%; Naphtha FOB Singapore was at $68.
    84 a barrel, down 0.
    19%.

    South Korea's FOB propylene price was 1050 US dollars / ton, flat, and the domestic propylene price was 7900 yuan / ton, flat
    .

    Spot price: Southeast Asia reported $1220, down 15; The Far East was flat at $1,200 / ton
    .
    Domestic: North China Qilu 8800 yuan / ton, flat; East China Sanyuan 8950 yuan / ton, up 50 yuan; South China Maoming reported 9050 yuan / ton, up 50
    .

    PP1809 contracts opened high and fluctuated, and the volume and positions were reduced, and it is expected that the short-term upward momentum will be insufficient
    .
    Fundamentally, inventories digest slowly and basis flat or limit room for price increases
    .

    On the technical side, focus on the pressure at the 9000 integer mark in the short term, and test the support
    around 8800 below.
    Operationally, the short-term is expected to remain in the 8800-9000 range recommended range trading
    .

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