The hottest transaction express transaction amplif

2022-08-15
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[transaction express] transaction amplification continued to rise

[transaction express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1396.53, up 9.30 points from the previous trading day

crude oil futures on the New York Mercantile Exchange (NYMEX) closed above $120 a barrel for the first time on Tuesday. The view that the new high oil price may not necessarily display an area of 18000 square meters, leading to a decline in crude oil demand was recognized by the market. So far this year, the price of crude oil has increased by 27%, 97% over the same period last year, supported by global demand growth and supply problems

there has always been a very subtle logic between the dollar and crude oil: when the dollar weakens, the price of crude oil rises, and the inflationary pressure brought by the rise of crude oil will reduce the expectation of the Fed's weak dollar policy, so it will also boost the continued decline of the dollar to a certain extent. In fact, the short-term rebound of the dollar does not mean that the dollar will strengthen since then. Analysts believe that: in the first half of the year, the dollar is still under depreciation pressure

yesterday, the warehouse receipt market opened high and closed negative, and the market began to be shrouded in the shadow of stagflation. Affected by this, transactions also began to shrink, and traders became sensitive and cautious. From the performance of PP and LLDPE spot markets yesterday, first, there were few resources. At the same time, merchants were reluctant to sell, and there were few transactions at high prices. There was a strong bullish atmosphere in the market, and there was little difference between the mainstream quotation and the warehouse receipt market price. Today, when the oil price hit a record high again, the early market was slightly tired. The main PP opened higher, and there was little upward momentum in the session. The LLDPE was slightly better than the PP sector. After 10 o'clock, the transaction was much better than the first half of the data processing process, the buying began to increase, and the boost strength increased. The bright spots continued throughout the trading period, especially near the end of the trading, pp0806 huge sales orders were sold, which showed that the buyer's bullish confidence was firm. This time, after the verification of the continuous rise of oil, the optimistic opinions of the market are unified again, and the price expectation is further improved

combined with the recent information at all levels, analysts believe that both the spot market and the upstream market will continue to rise. At the same time, due to the impact of resource shortages, it is unlikely that petrochemical prices will be reduced at the current stage. In the next market, there are many positive factors

15:00 closing, the settlement prices of ab0806, hd0806, ll0806, pp0806 and pvc0805 were 15605, 13921, 14267, 13271 and 8370 yuan/ton respectively, up and down by +31, +30, +110, +80 and -20 points compared with the previous trading day. A total of 9625 tons were traded in the market today, an increase of 1900 tons over the previous trading day; The total order was 16705 tons, basically unchanged from the previous trading day. Double volume specific data, such as low industry concentration, under these problems:

total

ABS

LLDPE

PP

pvc5 in 2013

HDPE

trading volume

7725

20

1340

8225

15

25

order volume

.

16750

95

2675

13800

75

60

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

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