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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic period price narrow finishing downstream demand weakened

    Continuous plastic period price narrow finishing downstream demand weakened

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Monday, Liansu L2109 contract increased its position, and the futures price was narrowly sorted, closing at 8340 yuan on the day, -50 yuan from the previous trading day; The trading volume was 419024 lots, and the position was reported at 260850 lots, +10248; the basis was 60 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on April 19: Shenhua Coal Chemical Industry Shenhua Baotou Line Auction Volume was 658.
    475 tons, the previous day's bidding volume was 708.
    475 tons, the intraday trading volume was 550 tons, and the previous day's trading volume was 609 tons
    .
    Shenhua low-pressure intraday bidding volume was 19.
    8 tons, the previous day's auction volume was 4.
    775 tons, intraday trading volume was 0 tons, and the previous day's trading volume was 0 tons
    .
    Xinjiang high-pressure intraday bidding volume was 41 tons, the previous day's bidding volume was 41 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 0 tons
    .
    2.
    As of the week ended April 16, 2021, the total inventory of polyolefin samples in major domestic ports reported 413,300 tons, basically the same as last week's inventory and up 106,900 tons
    from the same period last year.
    Polyolefin inventories in major domestic ports are still higher than the same period last year
    .

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8400 yuan / ton, -0 yuan
    .

    Warehouse receipt inventory: 1642 warehouse receipts, +272 sheets
    .
    Main positions: Top 20 long positions 170707, +5106, short positions reported 180825, +5321
    .
    Increased
    headroom.

    Summary: In April, there were still installations in Asia for shutdown and maintenance, supply in overseas markets remained tight, and strong prices supported
    domestic prices.
    Domestic: The average operating rate of domestic polyethylene enterprises continued to fall slightly last week, domestic production decreased, and the domestic market supply decreased
    accordingly.
    Domestic PE social inventories fell slightly last week and are still in the historically low area, showing that there is little pressure on the supply side
    .
    At present, there are still two sets of plants (Haiguolong Oil and Lianyungang Petrochemical) in China, and it is expected that products will be put on the market in late April or May, when the supply may increase
    .
    The operating rate of various industries downstream of PE continued to decline slightly, the demand for agricultural film gradually ended, and the linear downstream demand weakened
    .
    At present, the L2109 contract is in the range of 8300-8450, with support and pressure
    .

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