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PP slightly high opening The technical signal diverges

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

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The PP1901 contract opened at 9800 yuan, with a high of 9865 yuan, a low of 9670 yuan, and a close of 9750 yuan, up 10 yuan, or 0.
10%.

The volume was reported 415154 lots, and the position increased by 36492 lots to 457308 lots
.

News side: Today's CNPC East China listed for repricing; CNPC South China listed price to pricing, Gaorong fiber reduced by 100 yuan / ton; Sinopec's South China side grade was lowered by 50-150 yuan / ton
.
Traders followed the slight correction, and the transaction improved
.

Raw material price: naphtha CF Japan reported 659.
62 US dollars / ton, up 0.
11%; FOB Singapore was trading at $71.
76 a barrel, up 0.
04%.

South Korea's FOB propylene price was 1095 US dollars / ton, flat, and the domestic propylene price was 9425 yuan / ton, down 25 yuan
.

Spot price: Southeast Asia was flat at $1235; The Far East was flat at $1210/mt
.
Domestic: North China Qilu reported 9950 yuan, up 20 yuan; East China Sanyuan 9850 yuan, up 10 yuan; South China Maoming 10,000 yuan, flat
.

The PP1901 contract opened slightly higher, and the shock fell
back after encountering resistance in early trading.
Holdings have increased significantly, and the short-term trend remains weak
.
Fundamentally, social inventories have rebounded, and spot prices have loosened to suppress
futures prices.

Technically, the MACD indicator has a dead cross at a high level and diverges downward, but the KDJ indicator shows signs of flattening at a low level, and the technical signals diverge
.
In operation, it is recommended that investors set short orders and take profit and hold
them cautiously.

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