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    Home > Chemicals Industry > New Chemical Materials > PP rushed back down and needed to guard against technical adjustments in the short term

    PP rushed back down and needed to guard against technical adjustments in the short term

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    The PP1901 contract opened at 10120 yuan / ton, the highest to 10268 yuan / ton, the lowest to 10010 yuan / ton, closed at 10085 yuan / ton, down 57 yuan, or 0.
    56%.

    The volume was reported 473342, and the position increased by 8716 lots to 469078
    .

    PP

    News: As of August 9, the overall operating rate of the domestic polypropylene downstream industry was 62%, down 1.
    59% week-on-week; Among them, the operating rate of the plastic knitting industry is 63%, the copolymer injection molding is 65%, and the BOPP is 58%.

    Among them: the average operating rate of the plastic knitting industry was 63%, down 4.
    5% from the previous month; The operating rate of copolymer injection molding enterprises was 65%, up 3.
    17% week-on-week; The demand for injection molded products is stable and the operating rate is stable
    .
    The operating load ratio of BOPP membrane plant equipment is maintained at about
    58%.
    Anshan Hyundai installed a shutdown for maintenance this Wednesday, and the parking time was one week; Zhejiang Yimei parking device at the end of July is expected to resume production around the middle of the month; Both lines in Hongta in Yunnan have resumed normal production
    .

    Raw material price: naphtha CF Japan reported 660.
    25 US dollars / ton, up 0.
    82%; FOB Singapore was trading at $72.
    38 a barrel, up 0.
    67%.

    South Korea's FOB propylene price was 1070 US dollars / ton, flat, and the domestic propylene price was 9475 yuan / ton, flat
    .

    Spot price: Southeast Asia was quoted at $1230, flat; The Far East was flat at $1,220 /
    tonne.
    Domestic: North China Qilu no quotation; East China Sanyuan 10,100 yuan, down 70 yuan; South China Maoming 10400, flat
    .

    The PP1901 contract rushed back down, the transaction released the recent sky, and the position also increased
    slightly.
    The disk closes with a small black candle
    with a long upper shadow.
    Fundamentally, the obvious decline in social inventory and the firm spot price supported the price, but after continuous rise, there was a certain profit selling pressure
    in the short term.

    Technically, MACD shows signs of flattening at a high level, while 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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