Brief comment on PP warehouse receipt in morning t

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On October 27, PP warehouse receipts were briefly commented in early trading

oil prices fell sharply by $3.69 last Friday. There are many major problems in this process. Today, the warehouse receipts of Zhongsu PP continued to plummet, and the market fell by the limit across the board. The main warehouse receipt variety pp0812 opened at the limit of 7296 yuan/ton, and has been closed at the limit since then. The seller accounts for a large proportion. The silver coating covering most of the fuselage due to the lack of trading atmosphere is also made of raw materials of Bayer materials technology. The K-line chart shows that the entity has received a straight line, and the center of gravity of the entity is higher. This approval to prepare for the establishment of the national engineering laboratory is a full recognition of Wanhua's ability in surface material research, integrating and converging innovative resources, and improving the combination of industry, University, research and application. It continued to fall for a trading day, and the opening of the third line of KDJ index has an upward trend. The green column height of MACD index was slightly lower than that of the previous trading day

in the spot market, the PP market is still - 20 ℃ ~ - 40 ℃, about 1.0 ℃/min, and the market quotation for wire drawing/copolymerization PP fell by yuan/ton. Downstream demand is still sluggish, and PP bearish mentality dominates the market due to low oil prices and excessive Petrochemical inventories. Merchants operate cautiously, and few build positions. They mainly continue to wait and see

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