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    Home > Chemicals Industry > New Chemical Materials > Plastic downstream demand is generally weak in plastic rebound

    Plastic downstream demand is generally weak in plastic rebound

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Liansu rebound weak, L1909 opened at 8285 yuan / ton, the highest reported 8330 yuan / ton, the lowest reported 8275 yuan / ton, closed 8290 yuan / ton, +0.
    12% from the previous trading day; Volume 323458 lots, +34218 lots; Position 474684 lots, -16524 lots, basis 110 yuan, +5 yuan, 9-1 spread 95 yuan, -5 yuan
    .

    Continuous plastic

    News: Shenhua online PP auction data shows that polypropylene auctioned 3775 tons (5117 tons on the previous day), and 1496 tons were sold (2577 tons on the previous day).

    Most of them are sold at the reserve price, and some models are 10-30 yuan
    higher than the reserve price.
    Linear auctions were 1,870 tonnes (previous day's 1,773 tonnes) and 481 tonnes were sold (previous day's 503 tonnes).

    Spot market: The domestic polyethylene market continues to be weak
    .
    In terms of petrochemicals, the low-pressure opening price of the main regional sales company was partially reduced, with a range of 100-300 yuan / ton, and the trader part completed the plan, and the inverted transaction situation was still relatively common, and the market center of gravity continued to shift
    .
    As of the morning close, the North China market fell by 100 yuan / ton; The East China market fell linearly by 50 yuan / ton; The South China market fell by around 50 yuan / ton; The southwest market fell by 50 yuan / ton under high pressure
    .

    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 136686 lots, -4094 lots, short positions are 173401 lots, -9163 lots, and net long positions are -36715 lots, +5069 lots
    .

    The downstream demand for plastics is general, and the high inventory of the two oils has suppressed
    the price of LLDPE.
    Technically, the L1909 contract rally is weak, and the upper moving average still puts some pressure
    on it.
    Trading volume increased significantly, while position volume shrank
    sharply.
    The main position shows that the main position reduction strength of the long party is less than the main position reduction of the short force, and the long party has the advantage
    .
    The indicator MACD retreated slightly, the green bar contracted, the KDJ indicator flattened low, and the J value showed signs of turning upward, indicating that the bears' strength has weakened
    .
    Operationally, investors hold short orders cautiously
    .

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