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PP high opening shock finishing short-term long orders continue to hold

 Last Update: 2022-12-12
 Source: Internet
 Author: User

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short term incentive

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The PP1901 contract opened at 10,070 yuan, with a high of 10,105 yuan, a low of 10,033 yuan, and closed at 10,074 yuan, up 70 yuan, or 0.
7%.

The volume was reported 337422 lots, and the position increased by 7626 lots to 567530 lots
.

News: On September 19, petrochemical pricing in most areas was raised by 100-150 yuan / ton
.

Raw material price: naphtha CF Japan reported 681.
38 US dollars / ton, down 2; FOB Singapore was trading at $74.
227 a barrel, up 0.
02
.
South Korea's FOB propylene price was 1120 US dollars / ton, flat, and the domestic propylene price was 9490 yuan / ton, up 90 yuan
.

Spot price: Southeast Asia was flat at $1235; The Far East reported $1220/mt, -10
.
Domestic: North China Qilu reported 10,380 yuan, up 100 yuan; East China Sanyuan 104,000 yuan, up 200 yuan; South China Maoming 10,400 yuan, up 100 yuan
.

PP1901 high open shock finishing
.
Fundamentally, spot supply is tightening, and prices are recovering, forming a certain support
for futures prices.

Technically, the MACD indicator and the KDJ indicator are both upward in the central axis golden cross, indicating that the rebound is expected to continue
.
In operation, investors set a stop loss in their hands and hold
them cautiously.

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