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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic futures prices fluctuated lower, and demand still showed signs of weakening

    Continuous plastic futures prices fluctuated lower, and demand still showed signs of weakening

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Tuesday, Liansu L2105 contract contracted and increased positions, and the futures price fluctuated lower, closing at 7540 on the day, -110 yuan from the previous trading day; The volume was 264586 lots, the position was reported 230214 lots, +7619, and the basis was 260 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on December 29: The two oil stocks were 605,000 tons, down 45,000 tons
    from the previous day.
    2.
    Longzhong Information reported on December 29: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 867 tons, the previous day's bidding volume was 897 tons, the intraday trading volume was 152 tons, and the previous day's trading volume was 40 tons
    .
    Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 148 tons, intraday trading volume is 0 tons, and the previous day's trading volume is 0 tons

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7800 yuan / ton, -50 yuan
    .

    Warehouse receipt inventory: 738 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 145823, +330; short positions reported 160006, +9080
    .
    Increased
    headroom.

    Summary: Two barrels of oil and petrochemical inventories continue to remain low, indicating that there is little pressure on the supply side
    .
    However, PE has plans to put new installations into production in December, and the number of units for later maintenance is gradually decreasing, indicating an increase
    in market supply.
    The operating rate of PE downstream industries was 50.
    6% last week, -7.
    8%
    week-on-week.
    In addition to the flat operating rate of pipes, the operating rates of agricultural film, packaging film, hollow and injection molding all declined
    .
    The operating rate of agricultural film enterprises fell by 7.
    5%, the operating rate of packaging film enterprises fell sharply by 14.
    5%, and the operating rate of injection molding enterprises also decreased by 1.
    6%, indicating that the downstream demand for PE has weakened
    due to the impact of environmental protection and power restrictions.
    As the weather gradually gets colder, there are still signs
    of weakening demand in the north.
    Operationally, investors can set short orders in their hands to take profit and hold
    them cautiously.

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