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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic volume increased position, futures price low and rebounded

    Continuous plastic volume increased position, futures price low and rebounded

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Monday, Liansu L2101 contract increased its position, and the futures price rebounded, closing at 7240 on the day, +25 yuan from the previous trading day; The volume was 262829 lots, the position was reported 269502 lots, +4255, and the basis was 110 yuan
    .

    Continuous plastic

    News: 1.
    Shenhua Coal Chemical Industry Shenhua Baotou Linear Today's auction volume is 1013.
    675 tons, yesterday's bidding volume is 1013.
    675 tons, today's trading volume is 10 tons, yesterday's trading volume is 683 tons
    .
    Shenhua Low Pressure bid 300 tons today, 200 tons yesterday, 35 tons today, and 132 tons
    yesterday.
    Xinjiang High Pressure has a bidding volume of 100 tons today, a bidding volume of 50 tons yesterday, a volume of 0 tons today, and a volume of 50 tons yesterday 2.
    According to Longzhong, according to the calculation of sample enterprises, the overall operating rate of PE pipe enterprises this week is -1%
    compared with last week.
    The overall operating rate of agricultural film was +1.
    6%
    week-on-week.
    In the peak season of demand for shed film, the peak production of enterprises has increased, and some enterprises have increased
    slightly.
    Overall, downstream demand for PE still increased
    slightly.
    3.
    As of October 23, 2020, the inventory of polyolefin samples in major domestic ports reported 322,200 tons, up from last week and up 53,800 tons
    from last year.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7350 yuan / ton, -50 yuan
    .
    Warehouse receipt inventory: 854 warehouse receipts, -0 sheets
    .

    Main positions: Top 20 long positions 177306, +3862, short positions 186206, +719
    .
    Reduced
    headroom.

    Summary: After entering the middle and late October, PE has a new plant production plan, and the equipment for later maintenance is gradually reduced, and the decline rate of the two barrels of oil and petrochemical inventory after the holiday slows down, indicating that the market supply has increased
    .
    On the demand side, as the weather gradually gets colder, the demand for agricultural film in the north will recover, and the orders of BOPP companies will also increase steadily, indicating that downstream demand has recovered well, and these factors support
    linear prices.
    It is expected that the linear or will maintain the pattern
    of range oscillation and downward shift of the center of gravity.
    Operationally, investors should
    operate in the range of 7400-7180.

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