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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic period price wide finishing downstream demand is still insufficient

    Continuous plastic period price wide finishing downstream demand is still insufficient

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Tuesday, the L2109 contract contracted and reduced its position, and the futures price was sorted out in a wide range, closing at 7670 on the day, +25 yuan from the previous trading day; The volume was 348917 lots, the position was reported 371888 lots, -1725, and the basis was 80 yuan
    .

    Continuous plastic

    News: 1, into June, overseas equipment maintenance gradually reduced, the overall supply pressure is greater, due to Southeast Asia affected by the epidemic, demand weakened, the main supply in the Middle East will be transferred to the Chinese market, it is expected that China's polyethylene imports in June are about 135-1.
    45 million tons, significantly higher than the previous two months
    .
    2.
    Longzhong Information reported on June 10: Shenhua Coal Chemical Industry Shenhua Baotou linear bidding volume was 766 tons, the previous day's bidding volume was 698.
    25 tons, the intraday trading volume was 156 tons, and the previous day's trading volume was 554 tons
    .
    Shenhua low-pressure intraday bidding volume was 133.
    575 tons, the previous day's bidding volume was 150.
    65 tons, the intraday trading volume was 48 tons, and the previous day's trading volume was 0 tons
    .
    Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 50 tons, the intraday trading volume is 30 tons, and the previous day's trading volume is 50 tons
    .

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7750 yuan / ton, +50 yuan
    .

    Warehouse receipt inventory: 6109 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 205922, -1785; short positions reported 258699, +2098
    .
    Increased headroom

    Summary: The average operating rate of polyethylene enterprises increased last week, and polyethylene production increased
    .
    The operating rate of PE downstream industries increased from the previous week in general, especially the operating rate of the packaging film industry increased by 4.
    4%
    from the previous week.
    Inventories of production companies have rebounded for three consecutive weeks, indicating that downstream demand is still insufficient
    .
    The National Council twice talked about the commodity price issue, which triggered the market's expectations for price control, and it is expected to suppress the linear upside, and the power curtailment in East China will also affect the PE downstream industry
    .
    The L2109 contract fluctuated widely during the day, and the uniform system showed pressure on it and support
    below.

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