The hottest May 4 China Plastics warehouse receipt

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On May 4, China Plastics warehouse receipt PP market brief comment

crude oil futures rebounded on Friday, and the settlement price exceeded $53 per barrel of high-end configuration, which is also considered luxurious, Chuangta said: "In fact, the two demands are very similar to the six week high. The entry of a large number of new investment funds and the market's expectation of the peak season of gasoline demand pushed oil prices higher. The light and low sulfur crude oil futures contract in June on the New York Mercantile Exchange rose for the third consecutive day, and the settlement price rose $2.08 to $53.20, once hitting the highest level of $53.65 since March 26. ICE Futures Exchange also improved the operability and deterrence of the law. The settlement of Brent crude oil futures in June on the exchange The price rose $2.05 to $52.85

today, the PP market is mainly stable, some prices are slightly weaker, most manufacturers implement the listing policy, and the market demand is light. The market rose weakly, and merchants had no intention of shipping at a low price. The market showed a stalemate

the opening price of Sinochem PP warehouse orders opened sharply higher today, with strong support from the buyer. In the early stage, it immediately reached a high level and then went flat in horizontal shock. At the end of the day, the index closed at 1019.34. The main variety pp0908 opened high at 8950 yuan/ton, accelerated upward to the daily limit in the early stage, and then walked horizontally to close at 9073 yuan/ton. The settlement price of pp0908 was 9069 yuan/ton, up 260 yuan/ton from the previous trading day. Today, the market trading atmosphere was low, and the high price affected the market trading atmosphere. The trading volume was significantly reduced, and the order volume increased steadily

it is expected that in the near future, China Plastics PP warehouse receipts will continue to consolidate

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

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