Comments on plastic warehouse receipts of the hott

Comments on the plastic warehouse receipt of the treasure island exchange on March 16

the plastic warehouse receipt of the treasure island exchange reported that polypropylene and linear varieties rose and fell today. The settlement prices of pp0905 and ll0906 were 7773 yuan/ton and 8178 yuan/ton respectively, up 30 yuan/ton and 7 yuan/ton respectively compared with yesterday's settlement. A total of 2256 batches (11280 tons) were traded throughout the day, an increase of 232 batches compared with the previous trading day, and the total order volume reached 2646 batches (13230 tons), a decrease of 154 batches compared with the previous trading day

upstream dynamics:

nymex4 crude oil futures fell by $0.78 to $46.25 overnight. As of 15:00 on March 16, Beijing time, the latest report of April crude oil futures was $44.57, up $1.64. Ethylene monomer: FOB South Korea reported $595.0/ton, FOB Japan reported $595.0/ton. Propylene monomer: FOB Korea reported $696.0/ton, up $20, FOB Japan reported $694.0/ton, up $20

polypropylene varieties:

according to previous knowledge, the main force pp0905 opened at 7700 flat, rose in the morning and fell back after shock finishing. At the highest time of purchase, consumers should pay attention: touch 7840; In the afternoon, it fell and finally closed at 7745

Fundamentals:

(1) external market: CFR Far East homopolymer PP (USD/ton) rose by $5, FOB Middle East homopolymer PP (USD/ton) rose by $5, FD West component will suddenly break, Nordic homopolymer PP (euro/ton) flat, Fas Houston homopolymer PP (USD/ton) flat

(2) domestic market: the resources of special materials in PP market around Yanshan continue to be tight. The supply volume of PP market in Tianjin is not large, TIANLIAN's delivery is limited, and there are not many oil plants in the surrounding markets. At present, the local Daqing T30S material is under reported by 7850 yuan/ton. There are inquiries in the downstream, but the actual transaction is general

(3) manufacturer dynamics: most manufacturers sell PP at fixed prices. Maoming Petrochemical PP plant line 1 produces T30S and line 2 produces n-mph-160

technical aspects (polypropylene and propylene link 2):

(1) price situation: the intermediate trend of shock recovery, which is in periodic adjustment in the short term; It closed up slightly today

(2) K-line shape and double quantity: take out a male line with an inverted hammer. The trading volume increased and the order volume decreased slightly

(3) moving average (5,10,20), support pressure: on the daily line, the moving average system is arranged in a long line; On the 60 minute line, the moving average system maintained a long order, and the closing price was still suppressed by the 5-day moving average. Reference pressure 7900, 8000, support 7650, 7350

(4) indicators: MACD (26,12,9) goes up below the zero axis on the daily line, and starts to go down above the zero axis on the 60 minute line; KD index express enters overbought area; In 60 minutes, the middle area of online KD indicators continued to decline

brief analysis and suggestions:

today, the single volume of polypropylene warehouse rose slightly, and both sides fell into a tug of war within the day, with many strategies dominant. 7900 pressure level needs to be broken. Basically, there are few resources, and the price continues to rise. At present, there are rumors that petrochemicals may raise prices in the later stage, but it has not been confirmed. The overall market atmosphere is good, and there is continued upward sentiment

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