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    Home > Chemicals Industry > New Chemical Materials > Liansu holdings decreased and maintained weak volatility

    Liansu holdings decreased and maintained weak volatility

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    The Liansu 1805 contract opened at 9555 and closed at 9555 yuan / ton, unchanged
    from the previous session.
    The highest 9600 yuan / ton throughout the day, the lowest to 9470 yuan / ton, the trading volume rebounded significantly, reported 336400 lots, the position decreased by 12682 lots, reported 408152 lots
    .

    Continuous plastic

    News side: 1.
    Tianjin market Shenhua 7042 quotation 9300 yuan / ton, about 200 yuan / ton lower than other markets
    .
    High-pressure products were affected by the reduction of petrochemical ex-factory prices, and the market offer of some products was inverted
    .
    The market offers of all products in East China weakened, and the linearity was particularly obvious, with a linear decline of about
    150 yuan / ton.
    The linear and high pressure in South China is still inverted, and the market is trading lightly
    .
    2.
    Formosa Plastics will restart the 68,100-ton olefin No.
    1 cracker that was shut down after a fire in the second half of December in late February
    .

    Feedstock prices: International naphtha prices continue to decline
    .
    CF Japan reported 560.
    75 tons, -2.
    16%; FOB Singapore is trading at $60.
    86/b, -2.
    42%.

    The ethylene market fell separately, CFR Northeast Asia 1315, down $5; CFR Southeast Asia was flat at $1220/mt
    .

    Spot prices: Foreign spot market prices rose slightly, with the Far East reported yuan / ton, up $5, and the Middle East reported 1194 yuan / ton, unchanged
    .
    The market price fell steadily, Tianjin Daqing reported 9550 yuan / ton, down 100 yuan; East China Yuyao Jilin Petrochemical 9650 tons, down 150 yuan; South China Guangzhou Maoming reported 9700 yuan / ton, flat; Northwest Dushanzi reported 9800 yuan / ton, unchanged
    .

    Near the Spring Festival, the enthusiasm for market participation weakened, the price of upstream raw materials fell, and the spot price in some parts of the country was lowered, which is expected to suppress
    the futures price.
    Affected by the upcoming long holiday, downstream demand is also sluggish
    .

    Technically, LLDPE1805 contract holdings decreased, KDJ indicators showed signs of stopping, but MACD indicators continued to slowly decline, today's test of the 9500 line temporarily supported, but the volume warehouse cooperation is insufficient, it is expected to maintain a weak shock pattern
    tomorrow.
    Operationally, investors take profits on short orders and wait for clarity
    .

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