echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shock closed down, and the transaction and position volume both increased

    Continuous plastic shock closed down, and the transaction and position volume both increased

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Liansu 1809 contract opened at 9270 yuan / ton, the highest to 9330 yuan / ton, the lowest to 9235 yuan / ton, yuan / ton, down 120, or 1.
    29% per day, the trading volume increased to 436,000 lots, and the position increased by 36,774 lots to 389,000 lots
    .

    Continuous plastic

    News side: CNPC East China LLDPE price report: Jilin / Daqing / Dushanzi / Sichuan 7042 fixed 9700 yuan / ton, 7042N fixed 9700 yuan / ton, Lanhua 7042H fixed 9850 yuan / ton, 7042N fixed 9700 yuan / ton, Fushun 7042 fixed 9700 yuan / ton, Daqing DNDA8320 fixed 9800 yuan / ton
    .
    (:RMB/ton)

    Raw material prices: Japan naphtha CF Japan was at $613/ton, up 4.
    75; naphtha FOB Singapore was at $67.
    44/barrel, up 0.
    52
    .
    ethylene CFR Northeast Asia 1375 US dollars / ton, up 15; CFR Southeast Asia was trading at $1290/ton, up 15
    .

    Spot price: The foreign spot market price fell, the Far East reported 1180 yuan / ton, flat, the Middle East reported 1155 yuan / ton, flat
    .
    The domestic market price was flat, North China Daqing reported 9550 yuan / ton, flat; East China Yuyao reported 9,700 tons, flat; South China Guangzhou reported 9600 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
    .

    The overall change in the volatile operation of the Liansu 1809 contract in the morning was not much, and the face diving fell sharply in the afternoon, falling below the 20-day moving average of the previous support level
    .
    The overall realization of the domestic plastic market is general, the price adjustment in North China, the price adjustment range is between 50-100 yuan, the overall change in East China is not much, the price is stable, the supply is tight in some parts of South China, some manufacturers raise the price by about 100, and the market transaction situation is general
    .

    On the technical side, Liansu 1809 increased positions to close down, trading and holding volume both increased, the upper test of the 40-day moving average quickly fell back below 9200, MACD red column narrowed, KDJ fell back, futures price showed a technical fall
    .
    Operationally, trade
    in the range of 9000-9300.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.