Brief comment on PP warehouse receipt at noon on F

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On February 17, a brief comment on PP warehouse receipt at noon

today, the ex factory quotation of petrochemical stabilized. Due to the weak trend of China's extruder products and strategic new industries, the market is basically weak, but the elongation of materials is generally higher than the decline. Due to the sluggish downstream demand, the transaction situation of the electronic tensile testing machine is poor except for the power interface. Traders mainly ship goods, but the delivery is slow, so they all focus on short-term operation. China Plastics PP warehouse receipts were slightly shaken and consolidated, opening low and opening low. The buyer had some support, but the strength was not strong. The market was slightly shaken and higher, and the market was horizontally flat in the late trading. To the end of the trading, the index closed at 830.85 points. The main variety pp0905 opened low and went low at 7450 yuan/ton. In the early stage, the buyer supported the rise, and the mid session range fluctuated sharply. In the late session, it turned into a decline, and ended down at 7455 yuan/ton. The settlement price of pp0905 was 7486 yuan/ton, down 15 yuan/ton from the previous trading day. The trading atmosphere in the market today was general, the trading volume decreased slightly compared with the previous trading day, and the order volume increased slightly in a stable manner

it is expected that China Plastics PP warehouse receipts will continue to consolidate in the near future

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

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