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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shock close, intraday drawdown and position reduction

    Continuous plastic shock close, intraday drawdown and position reduction

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Liansu 1809 contract opened at 9115 as high as 9145 / ton, as low as 9080 / ton, and closed at 9140 / ton, up 125 yuan, or 1.
    39%, with a volume of 212978 lots, a position of -26572 lots, and a 410624 lot
    .

    Continuous plastic

    News: Qingdao market offer adjustment, the range is about 50-100 yuan / ton, the market transaction is more negotiable, it is expected that the Iranian 7000F transaction price is about
    11200 yuan / ton.
    Yuyao PE market price adjustment, enterprise factory price part reduced, traders accompanied the offer, trading atmosphere is weak, real transaction more negotiation
    .
    It is expected that the linear transaction range is around
    9200-9300 yuan / ton.
    Guangzhou PE market offer price adjustment, linear product market transaction price is about 9200-9250 yuan / ton, the market is mainly wait-and-see, real transaction negotiation
    .

    Raw material price: naphtha CF Japan reported 632.
    38 US dollars / ton, up 0.
    16%; FOB Singapore was trading at $69.
    3 a barrel, up 0.
    19%.

    ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
    .

    Spot prices: Southeast Asia was flat at $1170; Far East reported 1150 yuan / ton, down $
    10.
    Domestic price: North China Daqing reported 9200 yuan / ton, flat; East China Yuyao reported 9,300 tons, flat; South China Guangzhou reported 9150 yuan / ton, flat; Northwest Dushanzi reported 9,600 yuan, unchanged
    .

    The 1809 contract closed in volatility, and the intraday contraction reduced its position, indicating that there were short profit-taking
    .
    Fundamentals coexist with long and short, the central mother's directional reduction of the standard, the peak period of equipment maintenance to form a certain support for the price, but the escalation of the Sino-US trade war, the sluggish downstream demand, and the slow decline in social inventory have suppressed it to a certain extent
    .

    Technically, the green bar of the MACD indicator is shortened, and the low level of the KDJ indicator shows signs of low, and it may still come out of the technical rebound in the short term, but the main pressure is obvious
    .
    Operationally, it is recommended that investors wait and see for the time being
    .

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