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    Home > Chemicals Industry > New Chemical Materials > PP was suppressed by the five-day line and fell back in shock

    PP was suppressed by the five-day line and fell back in shock

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    The PP1809 contract opened at 9214 yuan / ton, the highest to 9255 yuan / ton, the lowest to 9092 yuan / ton, and closed at 9121 yuan / ton, down 76 yuan, or 0.
    83%.

    The trading volume was reported at 396924 lots, and the position decreased by 5846 lots to 424614 lots
    .

    PP

    News: Donghua Energy Yangzijiang Petrochemical's 400,000 tons/year PP plant will produce T30H on the 18th, and the listing price of T30H is 9400 yuan / ton
    .

    Raw material price: naphtha CF Japan reported 698.
    5 US dollars / ton, 0.
    36%; FOB Singapore is trading at $77.
    47 a barrel, or 0.
    28 percent
    .
    South Korea's FOB propylene price was 1080 US dollars / ton, flat, and the domestic propylene price was 8625 yuan / ton, flat
    .

    Spot price: Southeast Asia is trading at $1300, up 40; The Far East was quoted at $1245 / ton, down 10
    .
    Domestic: North China Qilu 9200 yuan / ton, up 50 yuan; East China Sanyuan 9200 yuan / ton, flat; South China Maoming reported 9600 yuan / ton, unchanged
    .

    The PP1809 contract was suppressed by the five-day line and fell
    back.
    Fundamentally, the peak of device maintenance and the decline of social inventory obviously have some support for the futures price, but the loosening of spot prices has put certain pressure on the price.

    On the technical side, the MACD dead cross is down, the KDJ shock is lower, the short-term trend is still weak, and the support
    around 9050 is focused below.
    Operationally, investors are advised to trade
    in the 9050-9200 range.

     

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