The hottest weekly review of PP crude oil supporte

[PP weekly review] crude oil supported the rise of spot goods. PP warehouse receipts rose violently.

I. this week's market (June 8 to June 12):

this week's PP market quotation slowly climbed to the lowest level in nearly four months. Driven by the rise of crude oil, the market struggled to rise under the pressure of weak demand and difficult transactions, with limited growth. Sinopec partially adjusted the price. The price of East China branch increased by 300 yuan, the listing price of South China branch increased by 200 yuan, and the price of North China branch remained stable. The price policy of PetroChina is basically consistent with that of Sinopec. The market mentality is particularly confused. Businesses seem to have lost their sense of direction and lack confidence in the future. From the perspective of supply and demand fundamentals this week, demand is still slightly inferior, and factories mainly buy as they use. This week, the market shock finishing of Zhongsu PP warehouse receipts increased slightly, and the market transaction atmosphere was ok, but the sharp reduction in the order volume inevitably made people a little worried. However, the crude oil was significantly higher than that of the 6-way special current detector, and the supporting effect remained, and the future market trend was still optimistic. As of Friday's close, the PP warehouse receipt index closed at 1072.91, up 11.47 points over the weekend. This week, the settlement prices of various varieties of PP warehouse receipts increased to varying degrees

on Monday, the opening PP warehouse receipt opened low and went high. After the early rise, it fluctuated, and after the mid market, the market continued to fluctuate slightly, and the decline remained until the end of the market. The PP warehouse receipt closed at 1055.59 points, down 5.85 points or 0.55% from the previous trading day. On Tuesday, PP warehouse receipts opened high and went low, fell after the early shock, and then went flat. The buyer began to support the shock upward in the mid session, and the rise in the mid and late session increased. At the end of the session, PP warehouse receipts closed at 1059.84 points, up 4.24 points or 0.40% from the previous trading day. On Wednesday, the PP warehouse receipt performed well. It has been operating at a high level since the opening, and the situation of horizontal consolidation has been maintained until the end of the session. At the end of the session, the PP warehouse receipt closed at 1074.70 points, up 14.87 points or 1.40% from the previous trading day. On Thursday, the performance of PP warehouse receipts was not satisfactory. Although the opening was high, the situation of sellers' suppression in the early stage remained, and the decline in the disk accelerated to the bottom. After that, the low level horizontal shock went flat. At the end of the day, PP warehouse receipts closed at 1071.49 points, down 3.22 points from the previous trading day, or 0.30%. On Friday, PP warehouse receipts performed generally, opening higher, the seller suppressed and accelerated the decline in the early stage, and then the horizontal shock rose slightly in the session, and the mid and late session continued to fall. The downward trend of shock remained until the end of the session. PP warehouse receipts closed at 1072.91 points, up 1.43 points or 0.13% from the previous trading day

the average trading volume on Sunday was 8168 tons, an increase of 985.5 tons over the weekend; The order volume at the weekend was 5157 batches, a significant decrease of 678 batches compared with last weekend

the transaction details of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

PP warehouse receipt average transaction this Sunday (ton)

PP warehouse receipt order quantity (batch)

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last weekend

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