Polypropylene ** performed well in the first month of listing

The first ** varieties of polypropylene in the Year of the Horse** went on the full moon on March 27th. Over the past month, polypropylene contracts have been relatively active, industrial customers have participated actively, prices have been combined closely, and the overall market operations have been stable. Market economy functions have been reflected.

According to statistics, from February 28 to March 27, a total of 20 trading days, polypropylene ** a total of 136,860 hands (bilateral, the same below), the turnover of 69.944 billion yuan, the average daily turnover of 68,400 hands. From the perspective of positions, polypropylene ** positions basically remained stable, the average daily position in the first month of listing was 67,500, and by March 27, the position was closed at 72,700 lots. Good performance in the first month of the new listing.

Since the listing, with the market cultivation, the influence of polypropylene** market has gradually increased, the number of customers participating in transactions and the number of corporate clients have increased steadily, and the corporate customers’ trading volume and open interest accounted for 12.64% and 34.22%, respectively. The level of participation of corporate customers in the overall market of the company is close. From the perspective of industrial customer participation, enterprises in the industry chain are currently involved in polypropylene transactions, among which traders participate most actively.

Market participants believe that in the first month of listing, the price of polypropylene ** has been running smoothly. The closing price of the main 1409 contract on March 27 is 10,492 yuan per ton, which is 1.2% higher than the price of 10,368 yuan per ton on the first day; the current price is highly correlated,* * The leading role of market prices has initially appeared, and polypropylene ** contract and system design have been basically recognized by the market. Galaxy Analyst Wu Heng said, “From the current trend, polypropylene ** price and spot price trends are basically the same, and the spot price of mainstream polypropylene products in East China shows a high correlation. The benchmark prices for the listed contracts are the same. After one month of operation, the far-month discounted water supply structure basically formed. The closing prices of PP1405, PP1409 and PP1501 on March 27 were 10,977 yuan/ton, 10,492 yuan/ton and 10,153 yuan/ton respectively. This basically reflects the market trend of the slowdown in the downstream plastics industry in the future and the increase in the supply of synthetic resin raw materials.”

The relevant personage of Daishang Group stated that in order to cultivate polypropylene**, before and after the listing of this product, Dashang held dozens of centralized trainings, which laid a good foundation for the active participation of industrial customers after the listing of polypropylene** and the future. The firm will focus on cooperation with industry organizations and companies to combine spot-participant structures with targeted or “one-to-one” market services and training for companies, guide companies to use the market scientifically, and promote the function of polypropylene market. fully use.

It is understood that the same period listed on the Dubai Gold and Commodity Exchange polypropylene ** first month trading volume of 4296 hand, March 27 positions 226 bilateral hand, the transaction focused on 1407 a contract, closing settlement price of $ 1,435 / ton .