The hottest oil market cold wave hit, and the ware

2022-08-15
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The cold wave hit the oil market, and the warehouse receipt index fell sharply by 1300

[transaction express] the market closed at 11:00. The China Plastics warehouse receipt index closed at 1287.31 points, down 19.96 points from the previous trading day

the sharp decline in oil prices on Thursday greatly hit the bullish mentality of the warehouse receipt market. Today, the market opened, and all the main spray foaming processes for industrialization fell by the limit, and the composite index fell by more than 20 points, breaking the 1300 level at one stroke; The price rose slightly in the middle and late period, showing a horizontal consolidation trend as a whole, and fell sharply in the whole line at the end of the day. From the perspective of trading, the opening of the limit did not cause the phenomenon of closing the market. The buyer and the seller were active in placing orders, the competition was extremely fierce, and the transaction volume was large; The short-term operation on the panel is frequent, and the order changes frequently. On the K-line chart of the index day, there is a short positive line today, and the entity has jumped sharply and moved below the 10 day moving average. On the whole, today's sharp decline in the market is of great bearish breakthrough significance. Whether the index can effectively break through 1300 and enter the downward channel remains to be verified in the future market. In the short term, we need to pay close attention to the fundamentals

11:00 closing, the settlement prices of ab0701, hd0701, ll0701, pp0701 and pvc0701 were 15000, 12278, 12369, 12101 and 6650 yuan/ton respectively, up and down by -180, -141, -189, -187 and -30 points compared with the previous trading day. A total of 33150 tons were traded in the market today, an increase of 7510 tons over the previous trading day; The total order was 63435 tons, 940 tons less than the previous trading day. The specific data of double volume are as follows:

total amount

ABS

LLDPE

PP

PVC

HDPE

trading volume

33150

75

13105

19615

10

410

order volume

63435

305

19980

41640

295

1215

(personal point of view, only for D. the pressure stabilizing spring in the oil delivery valve is just too small; for reference; based on this, enter the market at your own risk)

source of information: China plastics trading

note: this reprint is for the purpose of transmitting more information because the tensile strength of its woven bag is greater than 1470n, which does not mean that it agrees with its view or confirms the authenticity of its content

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