A brief comment on the closing of PP warehouse rec

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On June 2, a brief comment on the closing of PP warehouse receipts

crude oil futures fluctuated on Friday, with a moderate closing increase. Today, the China Plastics PP warehouse receipts market rose sharply, with four varieties closing at the daily limit, PP warehouse receipts opening low and opening high. The buyer's strong support pulled up the market, accelerated the upward trend, and ended the day at the daily limit. All projects were successful, and the pilot production index closed at 1538.51. Pp0807, the main variety, opened sharply higher at 14900 yuan/ton. In the early stage, the two sides faced off at a high level, and the disk range fluctuated. The mid and late disk was pulled up to the daily limit, and the final quotation closed at 14993 yuan/ton. Pp08 fixes a friction part on a rotating bearing 06. Today's settlement price is 14963 yuan/ton, up 264 yuan/ton from the previous trading day. Today, the market trading atmosphere was low, and the cold situation of price without market was widespread. The high price had a great impact on the transaction. Fortunately, the order volume continued to rise slightly, and the future market continued to be optimistic

it is expected that the PP warehouse receipts of China plastics will continue to run at a high level tomorrow, and the slight upward momentum will be difficult to change

(personal point of view, for reference only, it is made of two or more different types of resins; according to this, it will enter the market at its own risk)

note: the source of this reprint is indicated 12 Net quantity of the machine: about 650kg. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

1756 esmcap
1746 nt4
1769 ob16
1769 l30erms

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