A brief comment on the closing of PP warehouse rec

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On May 5, PP warehouse receipt closing brief comment

crude oil and spot goods continued to rise. Today, the opening price of China Plastics PP warehouse receipt opened higher, and the buyer supported the shock upward, and the end of the day index closed at 1356.67 points. The main variety pp0806 opened high at 13198 yuan/ton, rose in the early stage, and the small force measuring sensor in the middle plate generally adopted the hydraulic pressure sensor to fall back. The two sides in the middle and rear plate faced off, and walked horizontally, and ended up at 13150 yuan/ton. The settlement price of pp0806 today was 13155 yuan/ton, up 94 yuan/ton from the previous trading day. Today's market trading atmosphere was general when it was revised, and the volume of transactions and orders rebounded slightly

it is expected that the PP warehouse receipts of China plastics will fluctuate at a high level and rise slightly tomorrow

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

source of information: China plastics trading is now a popular material

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