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    Home > Chemicals Industry > New Chemical Materials > PP low rebound, trading volume and position volume are significantly amplified

    PP low rebound, trading volume and position volume are significantly amplified

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The PP1901 contract opened at 9715 yuan, the highest to 9888 yuan, the lowest to 9645 yuan, and closed at 9878 yuan, up 93 yuan, or 0.
    95%.

    The volume was reported 540696 lots, and the position increased by 22232 lots to 441902 lots
    .

    PP

    News side: PP petrochemical factory price reduction pace is not stopping, the industry is bearish sentiment on the future market, affected by this, traders offer to follow the decline, continue the strategy of active shipment and position reduction, downstream manufacturers procurement enthusiasm is low, use and take as they
    go.
    The price of CNPC North China PP was lowered, fiber was lowered by 50 yuan / ton, injection molding was reduced by 50-200 yuan / ton, copolymerization was reduced by 150-200 yuan / ton, and pipe was reduced by 100-200 yuan / ton
    .
    CNPC South China PP fiber was lowered by 100 yuan / ton, Z30S was lowered by 11,000 yuan / ton, and Dushanzi K8003 was lowered by 200 yuan / ton to 11,000 yuan / ton, and other things were stable
    .

    Raw material price: naphtha CF Japan reported 610.
    38 US dollars / ton, -4.
    50%; FOB Singapore is trading at $65.
    93/b, -4.
    78%.

    ethylene CFR Northeast Asia 920 US dollars / ton, -1.
    08%; CFR Southeast Asia was quoted at $835/mt, -1.
    18%.

    South Korea's FOB propylene price is 1040 US dollars / ton, -1.
    42%, and the domestic propylene price is 9175 yuan / ton, +0.
    27%.

    Spot price: Southeast Asia quoted $1250, -0%; The Far East was quoted at $1200/mt, -0.
    83%.

    Domestic: North China Qilu reported 10400 yuan, -0.
    48%; East China Sanyuan 10,300 yuan, -0.
    96%; South China Maoming 10730 yuan, -0%.

    PP1901 rebounded from the low, and the trading volume and position were significantly enlarged, indicating that some funds entered the market to bottom
    .
    Fundamentally, crude oil pullback, spot and propylene prices loosened, suppressing
    prices.
    However, the low level of social inventory and the little supply pressure have formed a certain support
    for prices.

    Technically, MACD low flattened, red column shortened, KDJ low gold cross signs, indicating short-term rebound requirements
    .
    In terms of operation, it is recommended that investors settle the short order in their hands and settle their pockets
    .

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