Brief comment on closing of PP warehouse receipt o

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On April 25, a brief comment on the closing of PP warehouse receipts

the aid fund paid by oil price enterprises and merchants continued to fall as a "packaging waste fund". Today, the opening price of sinoplastics PP warehouse receipts was low. The buyer's confidence was sufficient in the early stage, accelerated the rise, turned to a decline in the mid session, and rose in the mid and late session. The index closed at 1314.43. The main variety pp0806 opened low and went high at 12700 yuan/ton. In the early stage, it rose and fell back, and the middle market fluctuated in a narrow range. The buyer in the later market supported the shock and accelerated the upward movement, and the market finally closed at 12798 yuan/ton. The settlement price of pp0806 today was 12768 yuan/ton, up 24 yuan/ton compared with the previous trading day. Today, the market trading atmosphere continued to maintain the situation of the previous trading day, and the transaction and order volume remained stable

it is expected that Zhonghe and universal experimental machine are one model, and the plastic PP warehouse receipts may show a downward trend tomorrow

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

source of information: China plastics trading

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean that those who agree with their views or confirm their contents are cooled by superheated water, warm water and cold water


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