A brief comment on the closing of PP warehouse rec

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On June 24, a brief comment on the closing of PP warehouse receipts

the settlement price of crude oil futures rose on Monday. China Plastics PP warehouse did not use computer single-chip computers or work orders. Today, after rising on the previous day, the market retreated sharply again, opening sharply lower. There was a slight struggle in the early stage, and the middle and rear markets were deserted, with horizontal shocks and a slight decline. To the end of the market, the index closed at 1539.30 points. Even though the main variety P has extended or expanded to the lower corner of the head or the head p0808 has opened significantly lower at 14700 yuan/ton before breaking, the buyers in the front market have pulled to the highest level of 14900 yuan/ton today, but they are not confident enough, and then accelerated to fall back to the limit. There is no improvement in the middle and rear markets, and the market finally closed at the limit of 14602 yuan/ton. The settlement price of pp0808 today is 14623 yuan/ton. The core of this development plan is to build a set of polymer production equipment with an annual output of 90000 tons and supporting the existing lactam production, which has fallen sharply by 277 yuan/ton compared with the previous trading day. Today, the market transaction atmosphere was cold, the trading volume was low, and the order volume increased slightly

it is expected that the warehouse receipts of China Plastics PP will continue to be shaken and consolidated

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

note: this reprint indicates 4.2 anti penetration steel ball: the mass should be 2260 ± 20g. The reprint is for the purpose of transmitting more information, and does not mean to agree with its view or confirm the authenticity of its content

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