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    Home > Chemicals Industry > New Chemical Materials > Liansu contract volume reduction position futures price upward resistance

    Liansu contract volume reduction position futures price upward resistance

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Thursday, Liansu L2109 contract reduced its position, and the upward trend of the futures price was blocked, closing at 8190 on the day, +20 yuan from the previous trading day; The volume was 482371 lots, the position was reported 374698 lots, -42, and the basis was -10 yuan

    Continuous plastic

    News: 1.
    In the second half of the year, the supply of polyethylene continued to maintain a rapid growth trend
    The new production capacity is expected to reach 6.
    55 million tons in 2021, an increase of 72.
    compared with 2020.
    At present, 2.
    05 million tons of production capacity has been put into operation in the first half of this year, and 4.
    5 million tons of production capacity is expected to be put into operation
    in the second half of this year.
    Domestic supply is expected to increase significantly
    in the second half of the year.
    Affected by high temperature weather in February, July and August, some plastic downstream factories entered the off-season, and orders and starts were expected
    to decline.
    As the market enters the traditional peak demand season from mid-to-late August to October, the market is still expected to receive some support
    from demand density.
    After October, with the end of agricultural film demand and environmental impact, the overall market demand will enter the off-season

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8180 yuan / ton, +0 yuan

    Warehouse receipt inventory: 5559 warehouse receipts, -0 receipts
    Main positions: Top 20 long positions 233502, -3946, short positions at 268037, +4658
    Increased headroom

    Summary: Last week, the average operating rate of polyethylene enterprises fell slightly, polyethylene production decreased, and the inventory of production enterprises declined, indicating that the pressure on the supply side is not large
    The operating rate of PE downstream industries continued to increase from the previous week, and the operating rate of agricultural film, packaging film and hollow industries rebounded, but pipe and injection molding fell
    The intraday L2109 contract was closed in a narrow range, indicating pressure on it and support

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