A brief comment on PP warehouse receipts at noon o

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A brief comment on PP warehouse receipts at noon on September 23

crude oil futures on Monday, due to the largest one-day increase in history, was driven by crazy buying of futures contracts for near monthly delivery that were about to expire. Today, China Plastics P recognized that the stripping method of China's psychological factors was not comprehensive enough. P warehouse receipts opened high and went low. The seller suppressed a sharp decline in the early stage, and then the horizontal shock fell slightly. The end of the day index closed at 1, with a full load of only 5n249.39 points. Pp0812, the main variety, opened low and high at 12000 yuan/ton, and then accelerated to fall. The horizontal range fluctuated in the middle and rear trading, and turned to a decline in the late trading, ending at 11550 yuan/ton. The settlement price of pp0812 today was 11722 yuan/ton, up 24 yuan/ton from the previous trading day. Today, the market trading atmosphere is good, and the double volume has increased significantly

it is expected that the warehouse receipts of China Plastics PP will be subject to shock consolidation tomorrow

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

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