Brief comment on PP warehouse receipt at noon on F

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On February 4, PP warehouse receipt midday brief comment

NYMEX crude oil futures closed higher on the 3rd, but investors were still cautious about the trend of oil prices before the release of important U.S. crude oil inventory data. Today, China Plastics PP warehouse receipts changed the declining trend, rose sharply and opened higher. The buyer's support in the early stage rose sharply, and the horizontal shock in the middle and late session rose slightly, and the end of the session index closed at 900.70 points. Pp0904, the main variety, opened sharply higher at 8000 yuan/ton, fell back from the peak in the early stage, and fluctuated in the high horizontal range in the middle and rear market, ending up at 8145 yuan/ton. The settlement price of pp0904 was 8129 yuan/ton, up 217 yuan/ton year-on-year from the previous trading day. Today, it is generally necessary to change the oil every 2000 to 4000 hours. The trading atmosphere in the market is good. The transaction volume continues to increase slightly, and the order volume rises steadily

it is expected that China Plastics P polyurethane rigid foam will become the "main force" of building insulation materials, and there is a great possibility of a small upward trend after the P warehouse receipt Festival

(personal view, for reference only; based on this, enter the market at your own risk. 10. Check other part 1 carbon rate steel and low alloy steel: be alert and pay close attention to details)

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