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Data as of: 2026-09-30 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
大商所聚丙烯主力连续(DCE.PP)深度分析报告 | 2026-10-08 偏空 | 2026-10-08
方向结论:偏空。核心理由:一是主力合约减仓上涨(持仓-29447手、名义持仓日变-12.71亿元),09-30结算8631元/吨的反弹由空头回补驱动而非多头主动增仓,前20席位净空头寸仍达52698手,反弹持续性存疑;二是价格处于20日通道8314–9275的33%位置,上方9275元/吨压力明确,ATR14高达253.36元/吨(2.94%),波动放大而方向未定;三是近12年同日起20个交易日季节性平均-2.65%、中位数-1.38%,上涨仅4/12年,历史同期偏空。方向失效条件:若价格以结算价站上20日通道上沿9275元/吨,或主力持仓转为增仓上涨且前20席位净空头寸显著收敛,则偏空逻辑失效。
This brief is published in Chinese. The English translation is being prepared.
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