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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shrinkage to reduce positions, futures prices fluctuate widely

    Continuous plastic shrinkage to reduce positions, futures prices fluctuate widely

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Thursday, the L2105 contract contracted and reduced its position, and the futures price fluctuated widely, closing at 8585 on the day, +0 yuan from the previous trading day; The volume was 419995 lots, the position was reported 251472 lots, -15191, and the basis was 115 yuan
    .

    Continuous plastic

    News: 1.
    The first phase of Lianyungang Petrochemical, a subsidiary of Zhejiang Satellite Petrochemical, will be put into operation within this week with an annual output of 400,000 tons of HDPE unit, and the trial production is expected to be about
    500 tons.
    After the successful commissioning of the granulator, the HDPE plant is expected to be fully put into operation
    in mid-April.
    2.
    From January to February 2021, China imported a total of 2,562,900 tons of PE, an increase of 197,900 tons over the same period last year, an increase of 11.
    2%.

    From January to February, domestic exports totaled 4.
    09 tons of PE, +0.
    7 million tons over the same period last year, an increase of 20.
    65%.

    Exports are expected to rise
    significantly in March due to reduced overseas supply.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8700 yuan / ton, -50 yuan
    .

    Warehouse receipt inventory: 420 warehouse receipts, -0 sheets
    .
    Main positions: the top 20 long positions 164105, -10304; short positions reported 180812, -5968
    .
    Increased
    headroom.

    Summary: In March, there were still installations in Asia for shutdown and maintenance, and supply in overseas markets remained tight
    .
    Dow Chemical said the price of all polyethylene resin it sells in the U.
    S.
    will increase by 9 cents/pound ($200/ton)
    starting in April.
    Domestic: The average operating rate of domestic polyethylene enterprises fell last week, and the total output of polyethylene decreased
    .
    The operating rate of domestic PE downstream industries is 59%, except for the decline in the operating rate of agricultural film enterprises, the operating rate of pipe, packaging film, hollow and injection molding enterprises has increased
    by different degrees.
    In particular, the operating rate of packaging film enterprises has increased significantly
    .
    The PE inventory of domestic polyethylene enterprises (oil + coal) continued to decline, down 3.
    28%
    week-on-week.
    Downstream bargain-hunting procurement, resistance to high prices, poor shipments by traders, and a sharp increase in inventory of 20.
    54%, indicating that the inventory of production enterprises has shifted to middlemen and has not really been digested
    .
    New installations will be put into operation from late March to April, and the market is expected to be well
    supplied.
    Operationally, it is recommended that investors wait and see for the time being
    .

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