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    Home > Chemicals Industry > New Chemical Materials > Fundamentals are long and short intertwined, and the short-term rise of plastics is limited

    Fundamentals are long and short intertwined, and the short-term rise of plastics is limited

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Thursday, the plastic L2105 contract increased its position upward in the afternoon, closing at 7560 on the day, +20 yuan from the previous trading day; The volume was 360175 lots, the position was reported 250045 lots, -1541, and the basis was +90 yuan
    .

    plastics

    News: 1.
    The two oil stocks are 585,000 tons, down 35,000 tons
    from yesterday.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7700 yuan / ton, +0
    .
    Warehouse receipt inventory: 1013 warehouse receipts, +100 sheets
    .

    Main positions: the top 20 long positions at 158390, -2304; short positions at 178826, +3328
    .
    Increased
    headroom.

    Summary: In January, PE maintenance equipment began to resume work, the weekly average operating rate of polyethylene was at a high of 93.
    94%, and the inventory of polyethylene enterprises also began to rise, up 12.
    55% month-on-month this week, and the overall market supply began to rise
    .
    In terms of downstream demand, the number of raw material inventory days used by agricultural film enterprises was +2.
    4% week-on-week, film enterprises purchased at low prices, raw material stocks accumulated slightly, and the downstream start of construction near the Spring Festival was general
    .
    Fundamentals are intertwined, and short-term price increases are expected to be limited
    .
    The L2105 contract focuses on support around 7400 in the short term, pressure around 7650 above, and range trading
    is recommended.

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