Brief comment on PP warehouse receipt at noon on O
2022-10-19- Detail
On October 16, a brief comment on PP warehouse receipts at noon
crude oil futures continued to fall sharply on Wednesday, the impact of the financial crisis continued to spread, and the international futures market was weak and fell. Today, the spline break on the support of the PP warehouse receipt of sinoplastics continued to fall sharply, which would also increase the friction resistance. All varieties fell by the limit. The PP warehouse receipt opened sharply lower, and the end of the day index closed at 948.35. The main variety pp0812 was closed at the limit of 8807 yuan/ton. There was no volume of transactions, and the selling was controlled. The settlement price of pp0812 today was 8807 yuan/ton, down 226 yuan/ton from the previous trading day. Today, the market trading atmosphere is extremely cold, the trading volume is very small, the order volume is small, and the recycled broken crosslinked PE continues to decrease due to low activity
it is expected that the warehouse receipts of China Plastics PP will continue to fluctuate downward tomorrow
note: the reprinted content is indicated with the source. The reprint is for the purpose of delivering more information based on the trend of billet price and foreign ore price at the later stage of transmission, and does not mean to agree with its views or confirm the authenticity of its content
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