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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic futures prices fluctuated higher, and short-term demand was difficult to boost

    Continuous plastic futures prices fluctuated higher, and short-term demand was difficult to boost

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Monday, Liansu L2109 contract contracted and increased positions, and the futures price fluctuated higher, closing at 8465 on the day, +180 yuan from the previous trading day; The trading volume was 504039 lots, and the position was reported at 360980 lots, +20579; the basis was -115 yuan
    .

    Continuous plastic

    News: 1.
    The average operating rate of polyethylene enterprises last week was 87.
    32%, down 3.
    19% from 90.
    51%
    in the previous week.
    Total polyethylene production was 435,100 tons, down 16,500 tons
    from 45.
    16 tons in the previous week.
    This week, Jiutai and China Coal Mengda will start overhauling one after another, and it is expected that the domestic polyethylene supply will decrease
    .
    2.
    The operating rate of PE downstream industries was 51.
    2% last week, up 0.
    1%
    from last week.
    Among them, the overall operating rate of agricultural film was +1.
    7% compared with the previous week; The pipe operating rate was unchanged from the previous cycle; The operating rate of packaging film is +0.
    1% compared with the previous cycle; The hollow operating rate was -1.
    0% compared with the previous cycle; The injection molding operating rate is -0.
    7%
    compared with the previous cycle.
    Agricultural film and hollow operating rates are expected to rise slightly next week, and short-term demand is expected to be difficult to boost
    due to the rainy season and hot weather.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8350 yuan / ton, +150 yuan
    .

    Warehouse receipt inventory: 5411 warehouse receipts, +0 sheets
    .
    Main positions: Top 20 long positions 228863, 15691; short positions reported 258223, +6601
    .
    Reduced
    headroom.

    Summary: The average operating rate of polyethylene enterprises fell last week, polyethylene production decreased, and this week Jiutai and China Coal Mengda will start overhauling one after another, and it is expected that the supply of polyethylene will continue to decrease
    .
    The operating rate of various downstream industries of PE increased slightly from the previous week, of which agricultural film and packaging film companies increased slightly, pipe companies were basically flat, and injection molding industry and hollow industry declined
    .
    Inventories of production companies have declined, indicating that there is little pressure on the supply side
    .
    The L2109 contract was volatile and higher during the day, indicating that short-term bulls still have an advantage
    .

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