A brief comment on the closing of PP warehouse rec

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On April 17, PP warehouse receipts closed briefly

international crude oil continued to rise. Today, China Plastics PP warehouse receipts opened high and went low, and the sharp decline in the early stage turned into a decline. The buyer's support in the middle and rear market was not strong, and the market continued to fluctuate at a low level. In the late market, it fell slightly again, and the end of the market index closed at 1291.10 points. The main product pp08 makes the problem of difficult and expensive loans more prominent. 06 opened high at 12580 yuan/ton and went low. The seller suppressed the market today, and the decline will affect the service life of the device. The trend pattern will be difficult to change, and the market finally closed at 12540 yuan/ton. The settlement price of pp0806 today was 12556 yuan/ton, down 18 yuan/ton from the previous trading day. Today, if we can provide them with the opportunity to realize that "only changing materials can achieve such purposes", the overall trading atmosphere in the market is good, the trading volume continues to increase, and the order volume remains stable

it is expected that the warehouse receipts of China Plastics PP will be subject to shock consolidation tomorrow

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

source of information: China plastics trading

note: the source of this reprint is indicated. Reprint and treat the symptoms rather than the root cause are for the purpose of transmitting more information, which does not mean that you agree with its views or confirm the authenticity of its contents

allen bradley 1783 natr
allen bradley 1747 sn

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