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    Home > Chemicals Industry > New Chemical Materials > Continuous plastic volume reduced position, and the futures price fluctuated lower

    Continuous plastic volume reduced position, and the futures price fluctuated lower

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Wednesday, Liansu L2109 contract reduced its position, and the futures price fluctuated lower, closing at 8245 on the day, -160 yuan from the previous trading day; The trading volume was 544446 lots, and the position volume was reported 338586 lots, -2432; the basis was 0 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on May 12: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 850 tons, the previous day's bidding volume was 886.
    35 tons, the intraday trading volume was 850 tons, and the previous day's trading volume was 186.
    35 tons
    .
    Shenhua low-pressure intraday bidding volume was 200.
    55 tons, the previous day's bidding volume was 160 tons, the intraday trading volume was 66 tons, and the previous day's trading volume was 0 tons
    .
    Xinjiang high-pressure intraday bidding volume was 52 tons, the previous day's bidding volume was 52 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 10 tons
    .
    2.
    Longzhong Information reported on May 12: The two oil stocks were 785,000 tons, unchanged
    from the previous day.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8300 yuan / ton, -100 yuan
    .
    Warehouse receipt inventory: 4097 warehouse receipts, +126 sheets
    .

    Main positions: Top 20 long positions 190461, -2790; short positions reported 252747, +3004
    .
    Increased
    headroom.

    Summary: Polyethylene production last week totaled 424,600 tons, an increase of 5.
    17% over the previous week, and market supply increased
    .
    Demand: Demand for agricultural film has entered the off-season, and production will continue to decrease
    compared with April.
    In terms of pipes, May is still the traditional small peak season for pipe demand, and it is expected that the overall operating load of downstream enterprises will continue to rise
    .
    Some injection molding downstream factories reported insufficient follow-up of order demand, and the start of work decreased
    slightly.
    Overall, downstream demand for PE shrank
    slightly.
    Two barrels of oil and petrochemical inventories recovered slightly, but remained below the same period last year, indicating little pressure on the supply side
    .
    Operationally, it is recommended that investors trade in the range of 8200-8450
    .

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