echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Liansu reduced its position and rebounded, and the short-term increase was slightly larger

    Liansu reduced its position and rebounded, and the short-term increase was slightly larger

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market situation: Lianplastic reduced its position and rebounded, L1905 opened at 8370 yuan / ton, the highest reported 8465 yuan / ton, the lowest reported 8275 yuan / ton, and closed at 8320 yuan / ton, +1.
    14% from the previous trading day; Volume 222478 lots; Position 287920 lots, -13954 lots, basis 45 yuan, -90 yuan
    .

    Continuous plastic

    News: Shenhua online PP auction transaction volume rebounded
    sharply.
    The data shows that polypropylene auctioned 4312 tons, (2853 in the previous trading day), and 3934 tons (2818 in the previous trading day) The transaction volume increased
    significantly.
    Some transaction prices are 10--60 yuan higher than the reserve price, and some models are 110 yuan
    higher.
    Linear trading volume also recovered slightly, bidding 902 tons (1706 in the previous trading day), 652 tons (585 yesterday), half of which were traded at the reserve price, with a separate premium of 90 yuan
    .

    Spot market: domestic polyethylene market price adjustment
    .
    In terms of petrochemicals, the opening price of the main regional chemical sales company is basically stable, and in the market, the merchants' offers at the beginning of the month have returned to normal, the market low price has decreased, and the center of gravity has moved upward, but due to the impact of the advance overdraft of the demand part, the transaction situation is temporarily average
    .
    As of the close of the morning, the adjustment range of the North China market was 50-100 yuan / ton; East China market narrowly adjusted around 50 yuan / ton; The South China market rose slightly by 50-100 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
    during the day.
    Main positions: The top 20 long positions in the main contract are 90995 lots, -2782 lots, short positions are 112947 lots, -3136 lots, and net long positions are -21952 lots, +354 lots
    .

    Fundamentally, downstream demand is general, social inventory continues to be high to a certain extent to suppress the price of LLDPE, but the strong trend of crude oil prices to Liansu to produce certain support, technically, L1905 contract volatility higher, trading volume and position have shrunk
    sharply.
    The main position shows that the main position reduction of the long party is smaller than the main position reduction of the short side, and the multi-party strategy occupies the initiative
    .
    The indicator MACD flattened, the green column contracted, and the KDJ indicator quickly rebounded, indicating a slight advantage in bullish strength
    .
    In terms of operation, the short-term increase is slightly larger, and it is recommended that investors reduce their positions
    when they hedge high.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.