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    Home > Chemicals Industry > New Chemical Materials > The rebound of the plastic reduction position shows that the power of the bears has weakened

    The rebound of the plastic reduction position shows that the power of the bears has weakened

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Lianplastic reduced positions rebounded, L1909 opened at 7775 yuan / ton, the highest was 7900 yuan / ton, the lowest was 7735 yuan / ton, and the close was 7890 yuan / ton, +1.
    61% from the previous trading day; Volume 407710 lots, +7502 lots; Position 640448 lots, -13190 lots, basis 110 yuan, -125 yuan, 9-1 spread 80 yuan, +85 yuan
    .

    Continuous plastic

    News: Shenhua online PP auction data shows that polypropylene auctioned 2650 tons (3675 tons in the previous trading day), and the transaction was 2220 tons (3050 tons in the previous trading day).

    Some goods were traded 10--60 yuan higher than the reserve price, and some models were traded 180 yuan higher than the reserve price
    .
    The linear auction was 895 tons (1408 tons in the previous trading day), 852 tons were traded (1120 tons in the previous trading day), some commodities were 30-80 yuan higher than the reserve price, and some models were 180 yuan
    higher.

    Spot market: The domestic polyethylene market is volatile and narrow.

    In terms of enterprises, the low-pressure opening price of mainstream regional sales companies was partially reduced, with a range of 100 yuan / ton
    .
    Linear futures fluctuated slightly, the circulation of resources in the spot market at the end of the month decreased, the attitude of merchants was wait-and-see, and the market adjusted the offer with the market, and the center of gravity of the actual transaction was mixed
    .
    As of the close of the morning, North China adjusted 50-100 yuan / ton; East China is dominated by stability; South China will be reduced by 50-100 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 2141 lots; In the historical median area, intraday -0 lots
    .
    Main positions: The top 20 long positions in the main contract are 189252 lots, -5160 lots, short positions are 231236 lots, -7172 lots, net long positions are -41984 lots, +2012 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 fluctuated higher, the trading volume increased slightly, and the position volume shrank sharply, and the main position showed that the main position reduction of the long party was less than the main position reduction of the short force, and the long party was dominant
    .
    The indicator MACD has signs of a low golden cross, the green bar is flat, and the KDJ indicator is hovering at the mid, indicating that the strength of the bears has weakened
    .
    Operationally, investors should
    temporarily trade in the 7750--7950 range.

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