January 11 Chinese plastic warehouse receipts PP Quotes

First, the basic message

According to data released by the General Administration of Customs on January 10, 2011, the total import and export value of China in 2010 increased by 34.7% compared with 2009; the trade surplus was US$183.1 billion, a decrease of 6.4%, and the ratio of surplus to total value of imports and exports continued to decline. In December 2010, both the import and export monthly scale set a new record. Monday (January 10) New York Mercantile Exchange West Texas Light Oil February 2011 ** Settlement price US$89.25 per barrel, up US$1.22 over the previous trading day.

Second, the technical status

Today's PP warehouse receipts index fell sharply, showing a gradual decline throughout the day, the decline is more limited. As of the close, the PP warehouse receipts index closed at 1198.87 points, down 0.43 points or 0.04% from the previous trading day. The K-line rebounded after the 5-day moving average and closed at the small negative line. The volume of the entire day was 949, which fell again compared with the previous trading day. The order volume was 2237. In terms of technical indicators, the red index of the MACD indicator shrank, the KDJ indicator divergence downwards, the opening of the BOLL line narrowed, and the price break line slowed down.

The main variety PP1103 finished lower and ended flat at the end of the session. At the close, PP1103 closed at 12,400 yuan/ton. Daily K-line shrinkage is small Yinxian.

Third, the market outlook forecast

Today, the trend of PP warehouse receipts still maintains its downward trend. Although it is affected by the sharp rebound of overnight crude oil, it still cannot change the general trend of downward adjustment. The current trend is only the beginning of the decline. The so-called wise thinkers are far away. Seeing the wisdom of the author, investors need to look directly at the current market. Can they be self-disciplined? The author here waits for the arrival of the Lord's fall and pays attention to the gains and losses of the 60th Lifeline.