A brief comment on the afternoon trading of Sinoch

2022-09-27
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On July 29, China Plastics warehouse receipt midday brief comment

I. Market Overview:

the international oil price rebounded. Today, China plastics ABS warehouse receipt opened low and went high, and the disk fell slightly. In terms of transaction details, the investment atmosphere was dull under the working condition that the chloride ion content was less than 10 ppm today, and there was no obvious sign of large-scale transaction. Traders were mainly on the sidelines, the actual trading volume decreased compared with the previous trading day, and the order volume decreased compared with the previous trading day. The ABS index closed at 1308.81 today, down 2.33 points from yesterday. From a technical point of view, there is a positive line on the daily K-line chart, and the physical center of gravity is lower than that of the previous trading day. KDJ indicators show that the three lines are intertwined into a dead fork and the opening is enlarged; The opening of Bollinger line is reduced; MACD index is highly reduced

II. Analysis of main varieties:

ab0809 opened low at 15680 yuan/ton today. After opening, it fell slightly to 15650 yuan/ton. Today's closing price was 15650 yuan/ton, down 180 yuan/ton from the previous trading day. The settlement price today was 15863 yuan/ton, down 50 yuan/ton from yesterday. In terms of technology, a small negative line is received from the K line of Japan; The position of the entity decreased compared with the previous trading day; KDJ index shows that the opening is enlarged after the three lines are intertwined into a dead fork

III. comprehensive comments:

WTI crude oil on the New York commodity futures exchange rose $1.47/barrel today. The data of Jinan experimental machine factory Jinan new era Gold Testing Instrument Co., Ltd. remains unchanged. Welcome to visit our experimental machine to $124.73/barrel, and Brent crude oil rose $1.32/barrel to $125.84/barrel

the military attack on Shell's two main crude oil transportation pipelines in Nigeria, the possible expansion of uranium enrichment in Iran, the intensification of riots in Iraq, and the geopolitical tension in oil producing countries led to the rebound of oil prices from seven week lows. Crude oil futures prices in Europe and the United States rose by more than $1 on Monday. In addition, the decline in the dollar exchange rate between the United States and PGA also supported the oil market. However, the market is still worried that high oil prices will curb demand, and international oil prices fluctuated intraday. At the close of Monday, West Texas light oil September futures on the New York Mercantile Exchange were $124.73 a barrel, up $1.47 from the previous trading day, with a trading range of 122 22 dollars; September Brent crude oil futures on the London Intercontinental Exchange were $125.84 a barrel, up $1.32 from the previous trading day, with a trading range of 124 49 dollars

weak consolidation of ps/abs in Yuyao plastic city. Some of them still fell slightly, but the traders' mentality was relatively stable, and the actual goods went with the market. Buyers and sellers in the market are in a strong wait-and-see mood, and the atmosphere is slightly dull. There is no obvious sign of large volume of downstream transactions. The latest mainstream quotation for domestic ABS is yuan/ton. Imported ABS is yuan/ton. GPPS is yuan/ton and hips is 1 yuan/ton. We use vision, hearing and touch to explore the new potential of material technology

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