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    Home > Chemicals Industry > New Chemical Materials > Even plastic shrinkage to reduce positions, futures prices to test lower and higher

    Even plastic shrinkage to reduce positions, futures prices to test lower and higher

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Tuesday, the Liansu L2101 contract reduced its position, and the futures price went higher, closing at 7255 on the day, +60 yuan from the previous trading day; The trading volume was 2282982 lots, and the position was reported 263583 lots, -5919; the basis was 95 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on October 27: The two oil stocks were 660,000 tons (the previous day's revised early storage was 710,000 tons), down 50,000 tons
    from the previous day.
    2.
    Shenhua coal chemical industry Shenhua Baotou linear intraday bidding volume of 700 tons, the previous day's bidding volume of 1080 tons, intraday trading volume 0 tons, the previous day's trading volume of 107 tons
    .
    Shenhua low-pressure intraday bidding volume is 500 tons, the previous day's bidding volume is 300 tons, the intraday trading volume is 300 tons, and the previous day's trading volume is 0 tons
    .

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7350 yuan / ton, -0 yuan
    .

    Warehouse receipt inventory: 854 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 173696, -3610; short positions 183237, -2969
    .
    Increased
    headroom.

    Summary: After entering the middle and late October, PE has a new plant production plan, and the equipment for later maintenance is gradually reduced, and the decline rate of the two barrels of oil and petrochemical inventory after the holiday slows down, indicating that the market supply has increased
    .
    On the demand side, as the weather gradually gets colder, the demand for agricultural film in the north will recover, and the orders of BOPP companies will also increase steadily, indicating that downstream demand has recovered well, and these factors support
    linear prices.
    It is expected that the linear pattern may remain range-bound
    .
    Operationally, investors should
    operate in the range of 7400-7180.

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