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    Home > Chemicals Industry > New Chemical Materials > Even the weakness of the bears has weakened

    Even the weakness of the bears has weakened

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Liansu weak finishing, L1909 opened at 8220 yuan / ton, the highest reported 8285 yuan / ton, the lowest reported 8205 yuan / ton, closed 8235 yuan / ton, -0.
    72% from the previous trading day; Volume 263104 lots, +60852 lots; Position 473878 lots, +6808 lots, basis 65 yuan, +20 yuan, 9-1 spread 80 yuan, -5 yuan
    .

    Continuous plastic

    In terms of news: During the May Day period, the Ministry of Emergency Management sent seven working groups to Hebei, Inner Mongolia, Liaoning, Jiangsu, Shaanxi, Shandong, Sichuan and other provinces with heavy chemical safety supervision tasks to carry out overt investigation and covert visits, and deeply investigate the outstanding problems and weak links
    in the current chemical industry's safety production.

    Spot market: The domestic polyethylene market continues to be weak
    .
    In terms of petrochemicals, the linear and high-pressure opening prices of the main regional sales companies were partially reduced, the linear futures trend was weak, merchants' shipments were not smooth, the offer was lower, and the transaction atmosphere was weak
    .
    As of the morning close, the main domestic markets fell by 50-100 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 50 lots; In the all-time low area, +0 lots
    within the day.
    Main positions: The top 20 long positions in the main contract are 141352 lots, +4968 lots, short positions are 168613 lots, -548 lots, and net long positions are -27261 lots, +5516 lots
    .

    Summary: The high level of crude oil has fallen, the downstream demand for plastics is general, and the high inventory of the two oils has suppressed
    the price of LLDPE.
    Technically, the L1909 contract opened low and volatile, the intraday rebound was weak, and the upper moving average still put some pressure
    on it.
    The volume of trading has increased significantly, and the amount of open positions has also increased
    .
    The main position shows that the main force of the long party has increased the position significantly, the short position has decreased slightly, and the long party has the advantage
    .
    The indicator MACD median flattened, the green bar flattened, the KDJ indicator flattened low, and the J value showed signs of turning upward, indicating that the bears' strength has weakened
    .
    Operationally, investors can reduce their holdings on short orders in their hands
    .

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