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    Home > Chemicals Industry > New Chemical Materials > PP opened slightly lower and moved sideways around the moving average throughout the day

    PP opened slightly lower and moved sideways around the moving average throughout the day

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    The PP1901 contract opened at 10,060 yuan / ton, the highest was 10,170 yuan / ton, the lowest was 10,000 yuan / ton, and closed at 10,121 yuan / ton, down 20 yuan, or 0.
    20%.

    The volume was reported 265376 lots, and the position increased by 25,300 lots to 420266 lots
    .

    PP

    News side: Today's PP spot: CNPC Northeast wire drawing increased by 100 yuan / ton, film material increased by 200 yuan / ton, fiber increased by 150 yuan / ton, injection molding increased by 100 yuan / ton, pipe increased by 100-200 yuan / ton; CNPC North China injection molding increased by 100-200 yuan / ton, and the copolymerization part increased by 100 yuan / ton; CNPC South China raised by 200-300 yuan / ton; CNPC Southwest raised by 100-300 yuan / ton; Sinopec Central China raised by 50-100 yuan/ton; CNPC East China raised by 50-150 yuan / ton; Sinopec East China Jiujiang Petrochemical raised by 150 yuan / ton
    .
    Petrochemical's intention to raise prices is obvious, but the downstream has become resistant to high prices, the receiving force has weakened significantly, and the market transaction is average
    .

    Raw material price: naphtha CF Japan reported 654.
    88 US dollars / ton, down 0.
    93%; FOB Singapore was trading at $71.
    9 a barrel, down 1.
    02%.

    ethylene CFR Northeast Asia 1380 US dollars / ton, up 20 US dollars; CFR Southeast Asia was trading at $1255 a tonne, up $
    20.
    South Korea's FOB propylene price was 1070 US dollars / ton, flat, and the domestic propylene price was 9375 yuan / ton, flat
    .

    Spot price: Southeast Asia was quoted at $1220, flat; The Far East was quoted at $1210 / ton, up $10
    .
    Domestic: North China Qilu no quotation; East China Sanyuan 10,100 yuan, down 10 yuan; South China Maoming 10400, down 200 yuan
    .

    The PP1901 contract opened slightly lower and traded sideways around the intraday moving average throughout the day, with a significant increase in holdings
    .
    Fundamentally, the obvious decline in social inventory, power rationing in Shandong Power Grid, and strong spot prices supported prices, but after continuous rise, there was a certain profit selling pressure
    in the short term.

    There is also a divergence in the technical picture, with the MACD continuing to fluctuate higher, but the KDJ indicator continues to diverge, and it needs to guard against technical adjustments
    in the short term.
    In terms of operation, it is recommended that investors reduce their holdings at high prices and drop their pockets
    .

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