A brief comment on the ABS market of China Plastic

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On May 16, China Plastics warehouse receipt ABS market brief comment

I. Market Overview:

on Thursday, the oil price stood still. Today, China plastics ABS warehouse receipt continued to rise slightly, and the disk was still red. In terms of transaction details, today's trading atmosphere is good. The trading volume has increased significantly compared with the previous trading day, and the order volume has also increased significantly. The ABS index closed at 1310.80 today, up 2.05 points from yesterday. From the technical point of view, a bare headed and barefoot Changyang line was collected on the daily K-line chart, and the physical center of gravity was slightly lower than yesterday. The KDJ index showed that the three lines of high-level glue were wrapped into a line, and the red line was slightly raised; The opening of the Bollinger line is slightly narrowed, and the price line is on the middle rail; MACD indicator red column height continued to decrease slightly compared with yesterday

II. Analysis of main varieties:

today ab0806 opened at a low price of 15750 yuan/ton. After the opening, the price rose to the highest point of 15800 yuan/ton, but the good times did not last long. The high level did not hold. The discount fell back to 15770 yuan/ton, and then rose to 15780 yuan/ton to the end of the trading. The closing price today was 15780 yuan/ton, up 22 yuan/ton compared with the settlement price of the previous trading day. The settlement price today was 15772 yuan/ton, up 14 yuan/ton from yesterday. In terms of technology, the Japanese K line receives a short positive line from the upper shadow; The position of the entity moves up slightly; KDJ indicator shows that after the three lines cross, the opening is upward and slightly enlarged

III. comprehensive comments:

WTI crude oil on the New York Mercantile futures exchange fell sharply today by US $0.01 to 124.12, and its export share to emerging countries will also greatly increase US $per barrel. Brent crude oil fell by US $0.38 to US $122.63 per barrel

the market trend of ps/abs in Yuyao plastic city is cooling down, and the quotation is mainly stable. The market is restricted by the difficulty of high-level transaction, and the upward resistance of the market is large. However, under the condition that the upstream support is still strong, there is little possibility of downward. The latest mainstream quotation for domestic ABS is yuan/ton. Import AB to facilitate communication, s is yuan/ton. GPPS is yuan/ton, hips is yuan/ton

abs spot market is rumored to increase the price, but it seems that it has little impact on the warehouse receipt market. The middlemen are calm and follow the market is still their main mode of operation. It is expected that there is little possibility of a big rise in the future market

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and giving examples of the use of plastic materials in several automobile enterprises does not mean that they agree with their views or confirm the authenticity of their contents

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