echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Liansu rose slightly, investors should wait and see for the time being

    Liansu rose slightly, investors should wait and see for the time being

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market situation: Liansu rose slightly, L1909 opened at 8025 yuan / ton, the highest was 8130 yuan / ton, the lowest was 7985 yuan / ton, and the close was 8080 yuan / ton, +0.
    44% from the previous trading day; Volume 1013218 lots, -399618 lots; Position 588928 lots, -23098 lots, basis -30 yuan, -55 yuan, 9-1 spread 180 yuan, -5 yuan
    .

    Continuous plastic

    News: The overall operating rate of agricultural film enterprises this week is about 18%, +2%
    week-on-week.
    The operating rate in North China was around 21%, +3% week-on-week; The operating rate in the northeast region is about 6%, +1% week-on-week; The operating rate in the northwest region is about 2%, +2% week-on-week;

    Spot market: the domestic polyethylene market is adjusted in shocks, the prices of high and low pressure varieties continue to rise, and the linear products are partially loose and declining
    .
    In terms of enterprises, the opening price of sales companies continued to rise, with a range of 50-100 yuan / ton
    .
    Linear futures fluctuated slightly, the downstream attitude towards high-priced spot raw materials was resistant, the trading atmosphere was not good, merchants offered to adjust, and the center of gravity of the transaction was mixed
    .
    As of the morning close, North China adjusted the increase of 50-150 yuan / ton; The consolidation range in East China is around 100 yuan / ton; Some parts of South China loosened slightly by 50-100 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 1563 lots, +0 lots within the day; In the historical median zone
    .
    Main positions: The top 20 long positions in the main contract are 177497 lots, -931 lots, short positions are 227262 lots, -13415 lots, and net long positions are -49765 lots, +12484 lots
    .

    Summary: The easing of Sino-US relations, the tension between the United States and Iran, and the peak of equipment maintenance have supported
    the price of LLDPE.
    However, weak crude oil has weighed on
    prices.
    Technically, the current L1909 contract bullish pattern has not been damaged, and the lower moving average has formed a certain support for the price, but the pressure of the 8200 yuan line cannot be ignored
    .
    The indicator MACD oscillated higher, the red bar contracted, and the KDJ indicator hovered at a high level, showing signs
    of overbought in the short term.
    The future market focuses on whether the pressure of the 8200 line can be effectively broken
    .
    Operationally, it is advisable
    for investors to wait and see for the time being.

    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.