echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shock finishing Maintain high consolidation in the short term

    Continuous plastic shock finishing Maintain high consolidation in the short term

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market conditions: continuous plastic shock finishing, L1909 opened 8535, the highest report was 8565 yuan / ton, the lowest was 8490 yuan / ton, and the close was 8510 yuan / ton, -0.
    06% from the previous trading day; Volume 308948 lots; Position 412738 lots, +23170 lots, basis 340 yuan
    .

    Continuous plastic

    As of April 5, Shanghai port inventory was 256,100 tons, Huangpu port inventory was 79,100 tons, and Tianjin port inventory was 61,200 tons, with a total of 396,400 tons, down 08,900 tons
    from last week.

    In terms of market, some prices in the domestic polyethylene market rose slightly, and the transaction atmosphere was weaker than the previous day
    .
    In terms of petrochemicals, the opening price of the main regional chemical sales company continued to rise, with a range of about 100 yuan / ton, and the merchants in the spot market intended to follow up the high report, but the atmosphere of taking goods downstream became weaker, the real center of gravity was limited, and some varieties were traded
    upside down.
    The North China market rose slightly by 50 yuan / ton; East China market narrow-tuned; South China market rose slightly by 50-100 yuan / ton; The southwest market is temporarily stable
    .

    warehouse receipt inventory, exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
    during the day.
    Main position: The top 20 long positions in the main contract are 129058 lots, +8195 lots, short positions are 13535 lots, 13535 lots, and net long positions are -25228 lots
    .

    Downstream demand generally suppresses the price of LLDPE to a certain extent, crude oil price trend is firm, Asian ethylene prices are firm, social inventory decline rate slightly accelerated to produce certain support for Liansu, short-term Jiangsu chemical plant remediation news short-term to some chemicals have a certain boost, but in the long run bearish, chemical plant remediation has a greater impact on the downstream of plastics, the future or affect downstream demand
    .
    Technically, the L1909 contract is volatile within the day, focusing on the pressure of the 8650 short-term high above, the five-day line support below, and the KD indicator opening upward, maintaining a high volatility in the short term
    .
    In terms of operation, investors hold long positions cautiously, and short positions can buy long positions lightly during the pullback
    .

    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.