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    Home > Chemicals Industry > New Chemical Materials > Liansu rebounded slightly The upward momentum needs to be studied

    Liansu rebounded slightly The upward momentum needs to be studied

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Liansu 1809 contract opened at 9205 yuan / ton, the highest to 9295 yuan / ton, the lowest to 9160 yuan / ton, closed at 9275 yuan / ton, up 55 yuan, or 0.
    6%, the volume reported 339234 lots, and the position increased by 656 lots to 430044 lots
    .

    Continuous plastic

    News side: CNPC Northeast LLDPE price partially reduced by 100 yuan / ton
    .

    Raw material prices: Japan naphtha CF Japan reported 627.
    62 US dollars / ton, up 1.
    87%; Naphtha FOB Singapore was trading at $68.
    97 a barrel, up 1.
    95%.

    ethylene CFR Northeast Asia 1335 US dollars / ton, down 5; CFR Southeast Asia was flat at $1270/mt
    .

    Spot prices: Southeast Asia was flat at $1200; Far East reported 1175 yuan / ton, unchanged
    .
    Domestic price: North China Daqing reported 9550 yuan / ton, flat; East China Yuyao reported 9650 tons, flat; South China Guangzhou reported 9600 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
    .

    The Liansu 1809 contract rebounded slightly, and the intraday volume and position were not large, indicating that the short-term upward momentum needs to be examined
    .
    Fundamentally, crude oil weakened overnight, social inventories fell slowly, and imported goods increased sharply year-on-year or limited price momentum
    .

    Technically, the KDJ indicator turned upwards, and the futures price continued to be supported to the upside after falling back to the middle band of the Bollinger Band, and the short-term upside focused on the upper band pressure
    of the Bollinger Band.
    Operationally, it is recommended that investors can trade
    in the range of 9200-9350 yuan.

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