The hottest trading Express is weak, and the downw

[trading Express] weak downward market adjustment probability is high

[trading Express] the market closed at 15:00, and the China Plastics warehouse receipt index closed at 1340.40 points, down 6.30 points from the previous trading day

crude oil futures prices fell on Thursday, shattering Bulls' expectations of a sustained rebound in oil prices, and demand concerns continued to put pressure on the market. The settlement price of September light sweet crude oil futures on the New York Mercantile Exchange fell $2.69, or 2.1%, to $124.08 a barrel. Ice Brent crude oil futures fell $3.12 to $123.98 a barrel. So far, the price of crude oil futures fell sharply in July, falling by $15.92/barrel, ending the rise for three consecutive months. The most recent monthly delivery contract recorded the largest monthly decline since December 2004. Weak economic growth indicates that oil demand will decline. In addition, analysts pointed out that the U.S. oil demand figure was lower than expected, and gasoline demand decreased by 2.4% over the same period last year. However, Barclays wrote in the report that some traders believe that global demand does not appear to be as weak as current market sentiment. So far, there has been no lasting demand disruption

as of 3 p.m., the electronic intraday quotation of WTI recent month futures was reported at 123.40 yuan/barrel, down $0.68

on Thursday, the warehouse receipt market fluctuated in a narrow range, the long and short positions were relatively balanced, the transaction was stable, and the total order volume decreased to a certain extent. At the beginning of the morning trading, the oil price fell back and the market mentality was unstable. The main force opened low in the middle range. In the morning, the disk oscillation rebounded, and the PP plate stopped falling and turned up across the board, but the increase was very small. The linear plate oscillated upward as a whole. Affected by the continuous plastic decline, there was great resistance to the rise of warehouse receipts of this variety. Opening in the afternoon, PP warehouse receipts oscillated downward, reversing the rise in early trading, and the number of selling was reflected, resulting in a wave of pressure, horizontal adjustment in line type, and few transactions. The warehouse receipt index opened low and rebounded today. The daily K-line closed lower than the positive line, and the counter trend index rebounded. The relatively strong and weak indicators showed a rebound intention. Liansu opened lower today, with the main force down 150 points, the volume of transactions contracted and orders sharply reduced. In terms of spot goods, the trend of PE market continued to decline. As the demand side has not improved, the market atmosphere is poor, and the bearish mood is obvious, traders are more active in shipping, mainly reducing positions and avoiding risks, and the specific operation is more cautious, while few downstream users actually receive goods. The market trend of PP in China plastic city is weak, and the quotation continues to decline, ranging from yuan/ton. At present, the downstream response is relatively cold, and most manufacturers are still waiting and waiting, with few goods received; Traders are more cautious in operation. Due to the high risk of goods preparation, they generally take low positions, most of which are based on sales. Therefore, the total regular liquidation volume is limited

on the whole, the warehouse receipts have been adjusted continuously, and the spot is waiting for petrochemical oscillation. The short-term negative bias is a little larger. However, in view of the fact that the plastic price in April is equivalent to that at present and there has been a long-term adjustment, the aftermarket strategy is still suitable for short-term operation

15:00 closing, the settlement prices of ab0809, ll0809 and pp0809 were 15536, 13033 and 12995 yuan/ton respectively, up and down by -113, -94 and -39 points after surface treatment compared with the previous trading day. A total of 11850 tons were traded in the market today, an increase of 1450 tons over the previous trading day; The total order was 18550 tons, 425 tons less than the previous trading day. The specific data of double volume are as follows:

total amount

ABS

LLDPE

PP can automatically record the experimental temperature

PVC

HDPE

trading volume

11850

135

2395

9120

0

200

order quantity

18550

390

4740

13410

0

10

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

frequently used hardness indicators include Brinell hardness Rockwell hardness and Vickers hardness

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