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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shock rises, short-term bulls have a slight advantage

    Continuous plastic shock rises, short-term bulls have a slight advantage

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    L1909 opened at 7850 yuan / ton, the highest reported 7925 yuan / ton, the lowest reported 7790 yuan / ton, and closed at 7925 yuan / ton, +0.
    70% from the previous trading day; Volume 457924 lots, -115488 lots; Position 655922 lots, +10080 lots, basis -25 yuan, +20 yuan, 9-1 spread 195 yuan, +25 yuan
    .

    Continuous plastic

    In terms of news, in May 2019, the number of domestic PE imports and exports fell month-on-month, and continued to increase
    year-on-year.
    Statistics show that domestic PE imports in May 2019 were 1.
    4191 million tons, a decrease of 51,900 tons, or 3.
    53%.

    It increased by 73,100 tons, or 5.
    43%, year-on-year, of which LLDPE imports were 434,300 tons, down 17,700 tons, or 3.
    91%, and 6.
    74 million tons, or 0.
    15%, year-on-year; HDPE imports were 675,100 tons, down 30,900 tons, or 4.
    38%, and up 62,700 tons, or 10.
    23%, year-on-year; LDPE imports were 31,000 tons, down 03,300 tons, or 1.
    06%, and up 11,800 tons, or 3.
    96%,
    year-on-year.

    In the spot market, the price of the domestic polyethylene market is mixed
    .
    In terms of enterprises, the inventory of the main regional sales companies fell rapidly, and the linear and high-pressure opening price was partially increased during the day, with a range of about 100 yuan / ton
    .
    In the market, the rally of linear futures slowed down, while the high price offer of merchants in the early stage was difficult to digest, and today's offer was slightly adjusted, and the center of gravity of the real single was mixed
    .
    As of the close of the morning, North China fluctuated in a narrow range, with a range of 50 yuan / ton; East China volatility 50-100 yuan / ton; South China is temporarily stable
    .

    warehouse receipt inventory, exchange warehouse receipt reported 1518 lots, intraday - 21 lots; In the historical median zone
    .
    Main position: The top 20 long positions in the main contract are 193648 lots, +10831 lots, short positions are 244677 lots, +2527 lots, and net long positions are -51029 lots, +8304 lots
    .

    Summary: The tense situation between the United States and Iran, the peak of equipment maintenance, and the decline in social inventory supported the price of LLDPE
    .
    Technically, the current L1909 contract is volatile higher, and the bullish trend is not broken
    .
    The indicator MACD oscillated higher, the red bar elongated, and the KDJ indicator also rose slightly, indicating that the short-term bulls have a slight advantage
    .
    Operationally, investors can continue to hold
    long positions cautiously.

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