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    Home > Chemicals Industry > New Chemical Materials > The rebound of continuous plastic is weak, and the bears have the advantage

    The rebound of continuous plastic is weak, and the bears have the advantage

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Liansu rebound is weak, L1909 opened at 7785 yuan / ton, the highest was 7850 yuan / ton, the lowest was 7780 yuan / ton, and the close was 7790 yuan / ton, -0.
    76% from the previous trading day; Volume 306878 lots, -175582 lots; Position 656166 lots, -3956 lots, basis 260 yuan, +5 yuan, 9-1 spread 75 yuan, +5 yuan
    .

    Continuous plastic

    News: the operating rate of agricultural film enterprises in Northeast China this week is about 5%, the same as last week; The operating rate of Panjin City is about 10%, and the northeast agricultural film enterprises have entered the off-season, and the operating rate is low
    .
    The operating rate of agricultural film enterprises in the northwest region is about 5%, and the week-on-week is about
    -4%.
    Among them, the operating rate of Xi'an City is 25%, and most enterprises in the northwest region have stopped work for maintenance
    .
    The operating rate of agricultural film enterprises in North China was 14%, -1% week-on-week; Among them, the operating rate of Qingzhou City is 23%, and Linyi City is slightly lower
    .

    Spot market: The trading atmosphere of the domestic polyethylene market is weak, and the center of gravity has shifted
    slightly downward.
    In terms of enterprises, the linear opening price of mainstream regional sales companies was partially reduced, linear futures were weak and volatile, downstream goods were light, merchants had a wait-and-see attitude, some underreported transactions, and the center of gravity of the real market shifted
    downward.
    As of the morning close, North China fell by 20-200 yuan / ton; East China edged down by around 50 yuan/ton; South China is temporarily stable
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 2066 lots; In the historical median area, +0 lots
    intraday.
    Main positions: The top 20 long positions in the main contract are 193638 lots, +1516 lots, short positions are 241366 lots, -459 lots, and net long positions are -47728 lots, +1975 lots
    .

    Summary: The high level of crude oil falls, the Sino-US trade war intensifies, and the downstream demand for plastics generally suppresses the price of Liansu, but the increase in equipment maintenance and the decline in the two oil inventories will support the price of LLDPE
    .
    Technically, the L1909 contract rebound was blocked, the trading volume rose sharply, and the position volume also increased significantly, and the main position showed that the main position increase of the long party was less than the main position increase of the bear, and the short side was dominant
    .

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