The hottest trading Express spot stimulated the co

2022-08-12
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[trading Express] the spot stimulated the market to continue rising

[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1483.08, up 5.74 points from the previous trading day

international oil prices fell by more than $3 on Tuesday as high oil prices suppressed U.S. economic development and fuel demand. At the close of Tuesday, the 71 month light crude oil futures on the New York Mercantile Exchange were $128.85 a barrel, down $3.34 from the previous trading day; July Brent crude oil futures on the London Intercontinental Exchange were $128.31, down $4.06; New York heating oil futures in June fell 6.64 cents to 379.92 cents per gallon; Rbob gasoline futures in June were 338.30 cents per gallon, down 1.30 cents; June diesel futures on the London Intercontinental Exchange were $1258.75 per ton, down $20.75 from the previous trading day. A report released by the US Economic Advisory Bureau on Tuesday showed that the US consumer confidence index fell to its lowest level in 15 years this month. In addition, the rebound of the US dollar against the euro was also one of the reasons for the decline in oil prices on Tuesday. The rebound of the US dollar has reduced the attractiveness of oil futures as investment goods. Over the past year, the US dollar exchange rate has been an important factor affecting the futures prices of metals and energy

as of 3:00 p.m., the electronic intraday quotation of WTI recent month futures was up $0.40 to $129.25/barrel

on May 27, the main force of warehouse receipts jumped high again, and the intraday price oscillation rose to the late trading PP limit. At the same time, the market order continued to increase, the largest number since February 2008. At the opening of the market today, the main force took a little profit and fell in a short time after the profit taking market. However, driven by the bullish atmosphere of the recent upsurge, the Bulls quickly absorbed and boosted PP to achieve another wave of rise. Although the range was small, it also fully reflected the strength of the market's bullish expectations on the premise of the deep decline of crude oil. After 10 o'clock, the main increase continued to expand, buying continued, traders pushed up aggressively, and the order volume also expanded rapidly, significantly higher than yesterday's close. In terms of order quantity, the warehouse orders increased in the market today. After the short-term long profit taking, Xinduo xinkong entered the market and established a position. The value of big 2 (need to be equipped with an electronic extensometer) can also show the force elongation curve (need to be equipped with an encoder). The risk of short-term adjustment of the order suddenly increased, and the differences between the two sides were reflected after the jump of two days. Affected by the continuous increase of positions and the volume of transactions, traders are optimistic about the sharp increase in expectations recently, and the target is relatively raised, and there is a possibility of imbalance in the technical signals of the market. However, the rise was too sharp, and caution in the future market still showed that it was necessary. According to the news from the spot level, PE markets have different performances. Traders in North China market bear B0 - the outer dimension of carton width (CM); Xinpetrochemical raised prices and raised their quotations one after another. In some regions, the linear price was closed, and the high-pressure quotation was strong. Sinopec and PetroChina raised their ex factory prices, which stimulated the market. PP quotation today, most markets are stronger, the market supply is not much, and the business mentality is good

the bullish confidence in the high price market is still unabated, with continuous plastic strength and high spot prices. It seems unlikely to adjust in the short term, but the entry of short sellers today is bound to bring hidden worries to the future market

15:00 closing, the settlement prices of ab0806, hd0806, ll0807, pp0807 and pvc0806 were 16100, 14500, 14526 and 11 respectively. The requirements of hydraulic universal testing machine for fixture materials: 4385 and 8650 yuan/ton, up and down by +45, +100, +5, +75 and +25 points respectively compared with the previous trading day. A total of 10910 tons were traded in the market today, an increase of 125 tons over the previous trading day; The total order was 21730 tons, an increase of 1210 tons over the previous trading day. The specific data of double volume are as follows:

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

10910

115

1940

8845

1

1

order volume

21730

300

3625

17805

0

0

(personal point of view, for reference only; based on this, enter the market at your own risk)

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