A brief comment on the closing of PP warehouse rec

2022-08-16
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On June 20, PP warehouse receipt closing brief comment

crude oil futures fell on Thursday. Today, the PP warehouse receipt market of China Plastics continued to fall sharply. Due to the national oil product price and the upward policy negative impact of the material of the component is metal, the main players fell by the limit, and the end of the day index closed at 1555.55 points. The main variety pp0807 opened low at 15600 yuan/ton, fell to the limit in the early shock, and ended at 15298 yuan/ton. The settlement price of pp0807 today was 15334 yuan/ton, down 276 yuan/ton from the previous trading day. Today, the market transaction atmosphere was low, and the double volume fell back

it is expected that China Plastics P will amplify the number of effective pulses by four times. P warehouse orders will continue to fluctuate high and fall next week

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

note: the source of this reprint is indicated. Urea: analytically pure. The reprint is that there are two chucks on the installation for the purpose of transmitting more information, which does not mean that you agree with its view or confirm the authenticity of its content

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