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    Home > Chemicals Industry > New Chemical Materials > PP low opening oscillation volume slightly reduced

    PP low opening oscillation volume slightly reduced

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The PP1901 contract opened at 9,980 yuan, with a high of 10,042 yuan, a low of 10,056 yuan, and closed at 10,001 yuan, down 38 yuan, or 0.
    38%.

    The trading volume was reported at 318560 lots, and the position decreased by 5326 lots to 455426 lots
    .

    PP

    News: On the 24th, the popularity of Shenhua's online auction continued to decline
    slightly.
    A total of 9436.
    14 tons of PP and PE products were auctioned throughout the day, with a total transaction volume of 3934.
    44 tons, accounting for 41.
    7%
    of the transaction.
    Among them, the starting volume of PP was 7714.
    14 tons (yesterday 6695.
    03), and the transaction volume was 3751.
    44 tons (yesterday 4008.
    5), the transaction ratio was 48.
    63%, down 11.
    24%
    from yesterday's 59.
    87%.
    Linear auction 99 tons, low pressure 673 tons, all all stream auction, high pressure auction 950 tons, transaction 183 tons, accounting for 19.
    26%.

    Most of the transaction prices are sold at the reserve price of the auction, and some places have a premium of 10-20 yuan
    .

    Raw material price: naphtha CF Japan reported 659.
    38 US dollars / ton, -2.
    46%; FOB Singapore is trading at $71.
    54 a barrel, -2.
    44%.

    ethylene CFR Northeast Asia 1070 US dollars / ton, +0%; CFR Southeast Asia is trading at $980/mt, +0%.

    South Korea's FOB propylene price is 1120 US dollars / ton, -0.
    44%, and the domestic propylene price is 9200 yuan / ton, -2.
    39%.

    Spot price: Southeast Asia reported $1260, +0%; The Far East was quoted at $1235 / ton, 0%.

    Domestic: North China Qilu reported 10,700 yuan, -0.
    93%; East China Sanyuan 10850 yuan, -0%; South China Maoming 10950 yuan, 0%.

    PP1901 opened low and fluctuated, the trading volume decreased slightly, and the position volume also fell
    slightly.
    Fundamentally, the low level of social inventory and the little supply pressure have formed a certain support for the price, but the spot and propylene prices are loose, the downstream enterprises are not active in taking goods, and the market transaction is light to suppress
    the price.

    Technically, after a continuous fall, the current 60-day line temporarily provides some support for it, and whether the market can rebound after the market needs to pay attention to the pressure
    from above.
    In terms of operation, it is recommended that investors settle the short order in their hands and settle their pockets
    .

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