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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shrinkage and position reduction, futures prices slightly lower

    Continuous plastic shrinkage and position reduction, futures prices slightly lower

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Tuesday, the L2101 contract contracted and reduced its position, and the futures price fell slightly, closing at 7910 on the day, -15 yuan from the previous trading day; The trading volume 305313 lots, the position volume is reported 232769 lots, -6600, and the basis is 140 yuan
    .

    Continuous plastic

    News: 1.
    According to the statistics of Longzhong Information, the operating rate of domestic polyethylene (PE) pipe enterprises decreased by 1% in November 2020 compared with October, and decreased by 14%
    from the same period last year.
    The number of days used in the inventory of pipe enterprises increased by 0.
    1 days in November 2020 compared with October, and the inventory of raw materials decreased by 2.
    4%
    compared with October.
    2.
    Longzhong Information reported on December 1: Shenhua coal chemical industry Shenhua Baotou linear intraday bidding volume of 556 tons, the previous day's bidding volume of 400 tons, intraday trading volume 0 tons, the previous day's trading volume of 65 tons
    .
    Shenhua low-pressure intraday bidding volume was 31.
    275 tons, the previous day's bidding volume was 31.
    28 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 0 tons
    .

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8050 yuan / ton, -30 yuan
    .
    Warehouse receipt inventory: 1003 warehouse receipts, +26 sheets
    .

    Main positions: Top 20 long positions 147080, -4655, short positions 162317, -6503
    .
    Reduced
    headroom.

    Summary: PE has plans to put new equipment into production, and the number of units for later maintenance is gradually decreasing, indicating that the market supply has increased
    .
    In terms of demand, as the weather gradually gets colder, the demand for agricultural film in the north is stable, and the demand for packaging film is still good
    .
    Two barrels of oil and petrochemical inventories remained low, indicating little supply-side pressure, which supported linear prices
    .
    However, after continuous rises, a technical correction
    needs to be prevented in the short term.
    In terms of operation, investors can reduce their holdings at high prices and drop their pockets
    .

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