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    Home > Chemicals Industry > New Chemical Materials > Affected by the collapse of crude oil, Liansu opened sharply lower

    Affected by the collapse of crude oil, Liansu opened sharply lower

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The Liansu 1901 contract opened at 8875 yuan, the highest to 9030 yuan, the lowest to 8815 yuan, closed at 9030 yuan, up 100 yuan, or 1.
    12%, the volume was 370732, and the position decreased by 11936 to 289680
    .

    Continuous plastic

    News side: The center of gravity of the domestic polyethylene market continues to shift
    .
    In terms of enterprises, the main regional chemical sales companies continued to reduce the prices of high-pressure and low-pressure products, ranging from 50-200 yuan / ton
    .

    In terms of the market, linear futures are weak, spot merchants mostly hold a wait-and-see attitude, offer to follow the petrochemical adjustment, and the transaction is average
    .
    As of the noon close, the price in the North China market fell by 30-300 yuan / ton; East China market fell 100-200 yuan / ton; In the South China market, low-pressure hollow, pipe slightly reduced by 50-100 yuan / ton
    .

    Raw material price: naphtha CF Japan reported 547.
    25 US dollars / ton, +0.
    71%; FOB Singapore is trading at $58.
    53/b, +0.
    81%.

    ethylene CFR Northeast Asia 950 USD/mt, +1.
    06%; CFR Southeast Asia is trading at $860/mt, +0%.

    Spot price: Southeast Asia quoted $1110, -0%; Far East reported 1040 yuan / ton, -0%.

    Domestic price: North China Daqing reported 9350 yuan, -0%; East China Yuyao reported 9400 yuan, -1.
    05%; South China Guangzhou 9650 yuan, -0.
    52%; Northwest Dushanzi 9600 yuan, -0%.

    Affected by the plunge in crude oil, the L1901 contract opened sharply lower, after hitting a recent low, many parties launched a counterattack, the futures price rebounded, and the bulls further exerted force in the afternoon, and the futures price closed at the highest point of the day
    .
    The volume of trading has increased significantly, while the amount of open positions has decreased
    significantly.

    Fundamentally, the sharp decline in crude oil has suppressed
    the price of LLDPE.
    However, the prices of naphtha and ethylene stopped falling and rebounded, and port inventories also fell in the current period, which supported prices
    .

    Technically, both the MACD and KDJ indicators are hovering at low levels, with signs of divergence, indicating a short-term rebound requirement
    .
    In terms of operation, investors try to grab more rebounds when they fall back to light positions, and pay attention to setting a stop loss
    .

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