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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shrinkage increased position, and the futures price rebounded

    Continuous plastic shrinkage increased position, and the futures price rebounded

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, Liansu L2109 contract contracted and increased positions, and the futures price rebounded, closing at 8185 on the day, +30 yuan from the previous trading day; The volume is 486018 lots, the position volume is reported 333838 lots, +6240, and the basis is 45 yuan
    .

    Continuous plastic

    News: 1.
    On April 26, the 600,000 tons/year ethylene propane dehydrogenation unit of Huatai Shengfu light hydrocarbon utilization project successfully achieved commissioning and production of qualified products, marking that the ethyl propane dehydrogenation unit has officially had production capacity, creating good conditions
    for the commissioning and commissioning of the downstream 400,000 tons/year polyethylene plant and 300,000 tons/year styrene plant.
    Huatai Shengfu's 400,000-ton full-density unit plans to start up production of 7042 in the near future, and the product is currently on pre-sale
    .
    2.
    Longzhong Information reported on April 27: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 800 tons, the previous day's bidding volume was 987.
    725 tons, the intraday trading volume was 375 tons, and the previous day's trading volume was 837.
    725 tons
    .
    Xinjiang high-pressure intraday bidding volume was 150 tons, the previous day's auction volume was 100 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 8230 yuan / ton, -70 yuan
    .

    Warehouse receipt inventory: 1836 warehouse receipts, +0 sheets
    .
    Main positions: Top 20 long positions 203335, +1927, short positions reported 225335, +630
    .
    Reduced
    headroom.

    Summary: Last week, the average operating rate of domestic polyethylene enterprises continued to fall slightly, domestic production decreased, and domestic market supply decreased
    accordingly.
    Domestic PE social inventories fell slightly last week and are still in the historically low area, showing that there is little pressure on the supply side
    .
    At present, two sets of domestic plants (Haiguolong Oil and Lianyungang Petrochemical) are being tested, and it is expected that products will be put on the market in late April or May, when the supply may increase
    .
    The operating rate of PE downstream industries continued to decline slightly, the demand for agricultural film gradually ended, and the weakening of linear downstream demand is expected to suppress
    linear prices.
    In operation, it is recommended that investors trade in the range of 8050-8230
    .

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