Brief comment on PP warehouse receipt in morning t

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On December 25, PP warehouse receipts were briefly commented in the morning trading

oil prices fell $3.63 on Wednesday. Plastic PP warehouse receipts rose and fell today, with red and green disk. The main warehouse receipt variety pp0904 opened sharply lower at 6298 yuan/ton. After the opening, the price fluctuated violently, reaching the highest point of 6342 yuan/ton. The intraday market stabilized, and continued to consolidate and fluctuate around the moving average. It is difficult to explain that there was a slight dip in the late trading, and the latest price was 6297 yuan/ton. The buyer and the seller compete fiercely, and the trading atmosphere is not good. The K-line chart shows that the entity received a short negative line, and the position of the entity's center of gravity was flat compared with the previous trading day. The KDJ index shows that the downward acceleration and expansion of the third line. MACD indicators show that Hongzhu is a very key technical height of the tensile testing machine, which is slightly lower than that of the previous trading day

in the spot market, under the background of the general environment is not optimistic, it is unlikely that the market will reverse upward. The key is that the terminal demand has been relatively low, and the transaction situation has always been in a poor state. The electromechanical drive is generally medium frequency and low frequency. It is expected that the PP market will remain stable in the near future

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