A brief comment on the closing of PP warehouse rec

2022-08-16
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On March 31, PP warehouse receipt closing brief comment

the development of Ningbo's new material industry has been drumming, and the PP warehouse receipt market of Sino plastics continues to be depressed, the transaction is not smooth, and the quotation upgrade is simple and continues to decline. Pp0805, the main variety, opened low at 12090 yuan/ton. In the early stage, the seller suppressed, and the low level of the disk fluctuated. In the middle and later, some buyers made use of the disk to pull up strongly. However, due to the poor trading today, it was immediately suppressed and fell back to the decline, and the disk finally closed down at 12107 yuan/ton. The settlement price of pp0805 today was 12090 yuan/ton, down 48 yuan/ton from the previous trading day. Today, the overall trading atmosphere was sluggish, the transaction volume was significantly reduced, and the corresponding order volume remained stable

the spot price fluctuated at a high level, and the downstream demand still failed to be released. It is expected that the PP warehouse receipt market will continue to fluctuate and consolidate

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

source of information: China plastics trading

note: this reprint indicates the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its view or confirm the authenticity of its content

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