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    Home > Chemicals Industry > New Chemical Materials > PP rebounded slightly and holdings increased

    PP rebounded slightly and holdings increased

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    The PP1901 contract opened at 9773 yuan, the highest to 9900 yuan, the lowest to 9743 yuan, and closed at 9838 yuan, up 75 yuan, or 0.
    77%.

    The trading volume was reported 445908 lots, and the position increased by 8794 lots to 483862 lots
    .

    PP

    News side: At present, there are up to 13 types of plastics commonly used in vehicle manufacturing
    .
    Projections show that the global automotive industry could use as much as 6 million tons of plastic per year by 2020, but if the use of stronger and lighter plastics is made by adding graphene and replacing it with other more mass-dense materials, the final use of plastic is likely to increase
    .

    Raw material price: naphtha CF Japan reported 672.
    38 US dollars / ton, down 1.
    01%; FOB Singapore was trading at $73.
    2 a barrel, down 1.
    17 percent
    .
    South Korea's FOB propylene price was 1085 US dollars / ton, flat, and the domestic propylene price was 9325 yuan / ton, flat
    .

    Spot price: Southeast Asia was flat at $1245; The Far East was flat at $1,215 / ton
    .
    Domestic: North China Qilu reported 9930 yuan, flat; East China Sanyuan 9900 yuan, up 70 yuan; South China Maoming 10,100 yuan, flat
    .

    The PP1901 contract rebounded slightly, with increased holdings and bulls slightly taking the initiative
    .
    Fundamentally, social inventories have fallen, and spot prices have rebounded to form a certain support
    for futures prices.

    Technically, the MACD indicator is flat at a low level, the green bar is shortened, and the KDJ indicator has a low divergence and a golden cross upward, and there may be a rebound
    in the short term.
    In terms of operation, it is recommended that prudent investors take profit on the low and fall their pockets, and aggressive investors can set a stop loss and try to grab a rebound
    on the low position.

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