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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic shrinkage to reduce positions The futures price range fluctuates

    Continuous plastic shrinkage to reduce positions The futures price range fluctuates

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, the L2105 contract contracted and reduced its position, and the futures price range fluctuated, closing at 8710 on the day, +70 yuan from the previous trading day; The volume was 266986 lots, the position was reported 235799 lots, -15865, and the basis was -105 yuan
    .

    Continuous plastic

    News: 1.
    According to Longzhong statistics, from April to May, the maintenance loss of domestic PE enterprises is expected to be 418,740 tons
    .
    According to the maintenance situation, PE enterprises will usher in the peak of maintenance in the first half of the year in April, Yanshan Petrochemical, Wanhua, Fushun Petrochemical, Shanghai Petrochemical and other enterprises have overhaul plans, and the maintenance days range from
    30-55 days.
    2.
    Longzhong Information reported on April 6: Shenhua coal chemical industry Shenhua Baotou linear type intraday bidding volume of 2612 tons, yesterday's bidding volume of 2068 tons, intraday trading volume of 117 tons, yesterday's trading volume of 100 tons
    .

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

    Warehouse receipt inventory: 170 warehouse receipts, +170 receipts
    .
    Main positions: Top 20 long positions 166023, -11869; short positions reported 177092, -6271
    .
    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 to 90.
    66% 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.
    Downstream bargain-hunting and resistance to 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, investors can reduce their holdings at high prices and drop their pockets
    .

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