echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shrinkage to reduce positions, futures prices fluctuated lower

    Continuous plastic shrinkage to reduce positions, futures prices fluctuated lower

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, Liansu L2105 contract reduced its position, and the futures price fluctuated lower, closing at 8610 on the day, -190 yuan from the previous trading day; The trading volume is 311610 lots, the position is reported 226068 lots, -13905, and the basis is 40 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on April 8: The two oil stocks were 870,000 tons, down 25,000 tons
    from the previous day.
    2.
    Longzhong Information reported on April 8: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 1560 tons, the previous day's bidding volume was 1748 tons, the intraday trading volume was 100 tons, and the previous day's trading volume was 514 tons
    .
    Shenhua low-pressure intraday bidding volume was 4.
    775 tons, the previous day's auction volume was 4.
    775 tons, the intraday trading volume was 4.
    775 tons, and the previous day's trading volume was 4.
    775 tons
    .

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8650 yuan / ton, -50 yuan
    .

    Warehouse receipt inventory: 670 warehouse receipts, +90 receipts
    .

    Main positions: Top 20 long positions 159211, -10486; short positions reported 174628, -8662
    .
    Increased
    headroom.

    Summary: In April, 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 slightly last week, and the domestic production of polyethylene decreased
    .
    The operating rate of domestic PE downstream industries increased slightly to 59.
    5%.

    The operating rate of agricultural film and packaging film enterprises fell slightly, and the operating rate of pipe, hollow and injection molding enterprises increased
    .
    The PE inventory of domestic polyethylene enterprises (oil + coal) continued to decline, down 6.
    36%
    week-on-week.
    The spot market transaction is light, and the downstream bargain hunt purchases, resisting
    the attitude towards high prices.
    In mid-April, Lianyungang Petrochemical and Haiguolong Oil had new units put into operation, and the market supply is expected to be sufficient
    .
    In terms of operation, it is recommended that investors can set the take profit in their hands and hold
    them cautiously.

    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.