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    Home > Chemicals Industry > New Chemical Materials > Downstream demand has not yet recovered

    Downstream demand has not yet recovered

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the Liansu L2005 contract was weak and volatile, and the futures price closed at 6340 yuan / ton, -45 yuan from the previous trading day; Volume 248430 lots, +37913 lots; Position 205641 lots, -30241 lots, basis 210 yuan, -55 yuan; 5-9 spreads - 85 yuan, +25 yuan
    .

    Continuous plastic

    News: Shenhua Coal Chemical linear intraday bidding volume of 900 tons, trading volume of 32 tons, transaction rate of 3.
    58%; The high-pressure auction was 486 tons, the transaction volume was 0 tons, and the low-pressure auction was 500 tons, the transaction was 0 tons, and the transaction rate was 0%.

    The PE inventory of domestic polyethylene enterprises (oil + coal) rose slightly this week, up 0.
    0011%
    from last week.
    Among them, the total inventories of two barrels of oil PE rose slightly, up only 0.
    18%
    from last week.
    Among them, Sinopec's PE inventory increased by 1.
    18% from last week; CNPC PE inventories fell 0.
    53%
    from last week.
    PE inventories of coal-based enterprises fell 0.
    49%
    from last week.
    Trader PE inventories fell slightly, down 0.
    03%
    from last week.

    Spot market: The domestic polyethylene market continues to decline
    .
    Most of the opening prices of the main regional sales companies have been reduced, with a range of 100-200 yuan / ton
    .
    Merchants are pessimistic, and they lower their offers and partially look for deals
    .
    As of the noon close, the North China market fell 50-200 yuan / ton; East China market fell 100-200 yuan / ton; The South China market fell 100-250 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 926 lots, intraday - 85 lots
    .
    Main position: the top 20 long positions in the main contract are 127375 lots, -16761 lots, short positions are 148457 lots, -20387 lots, net positions are -21082 lots, net space is reduced
    .

    Summary: The accelerated spread of the overseas epidemic has caused market panic, and the absolute value of the domestic two barrels of oil and petrochemical inventories is still high, indicating that downstream demand has not fully recovered, crude oil is running weakly, showing that the pressure above is still large, and Shenhua online auction trading volume continues to maintain a historical low level, indicating that downstream demand has not yet recovered
    .
    These factors suppress linear prices to some extent
    .
    The future market focuses on whether crude oil can stop falling and rebound
    .
    In terms of operation, it is recommended that investors can set the take profit in their hands and hold
    them cautiously.

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