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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic narrow finishing Hold with caution

    Continuous plastic narrow finishing Hold with caution

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Wednesday, the Liansu L2009 contract was closed in a narrow range, closing at 6825 yuan / ton, +25 yuan from the previous trading day; Volume 340600 lots, -185098; position 385736 lots, -8922 lots, basis 25 yuan, +75 yuan; 9-1 spread 70 yuan, -25 yuan
    .

    Continuous plastic

    News: On June 16, the China Science and Technology Refining and Chemical Integration Project was officially completed and put into operation
    .
    The project is the largest refining and chemical integration project put into operation during the "13th Five-Year Plan" period of Sinopec, and it is the refining and chemical integration project
    with the highest localization rate of domestic production equipment.
    The project has 10 million tons/year of oil refining, 800,000 tons/year of ethylene project and related auxiliary supporting projects.

    Shenhua Coal Chemical Industry Shenhua Baotou Linear had a bidding volume of 950 tons today, 808 tons yesterday, 720 tons today, and 800 tons
    yesterday.
    Shenhua Low Pressure bid 410 tons today, 340 tons yesterday, 246 tons today, and 50 tons yesterday

    Today's two oil and petrochemical inventories reported 725,000 tons, down 50,000 tons
    from yesterday.

    Spot market: The domestic polyethylene market price mostly rose, and fell individually
    .
    The sales bills of the main regions rose by 50-200 yuan / ton, most of the market quotations followed, some merchants improved their mentality, appropriate replenishment, and high-pressure transactions in North China were acceptable
    .
    As of the noon close, the North China/South China market offered an adjustment of 50-150 yuan / ton, and the East China market rose 50-100 yuan / ton
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 270 lots, today -0 lots
    .

    Main position: the top 20 long positions in the main contract are 258234 lots, -7650 lots, short positions are 259338 lots, -6291 lots, net positions are -1104 lots, net long turn net short
    .

    As the overseas epidemic eased, the deregulation of many countries boosted market confidence, major oil producers extended the production cut period, and EIA raised crude oil demand expectations to support
    the market.
    Fundamentally, the significant increase in cracker production in Asia in June is expected to weigh on
    ethylene prices.
    The operating rate of downstream enterprises fell slightly, which is expected to also put a certain pressure
    on prices.
    However, the maintenance volume of domestic PE equipment in June increased compared with May, and the recent shutdown and maintenance of the equipment may reduce the market supply
    .
    The rally is expected to continue
    .

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