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    Home > Chemicals Industry > New Chemical Materials > Downstream demand recovery is still insufficient

    Downstream demand recovery is still insufficient

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the Liansu L2009 contract rushed back down, closing at 6340 yuan / ton, -110 yuan from the previous trading day; Volume 552622 lots, -215508; position 384828 lots, -60270 lots, basis 260 yuan, +110 yuan; 9-1 spread 30 yuan, +30 yuan
    .

    Continuous plastic

    News: According to Longzhong estimates, polyethylene production in May was 1.
    508 million tons, -99,000 tons from the previous month, +56,500 tons from the same period last year, including 190,000 tons of high pressure, -38,000 tons month-on-month; 700,000 tons of low pressure, -23,000 tons month-on-month, linear 618,000 tons, -38,000 tons month-on-month
    .

    Spot market: The domestic polyethylene market continued to rise
    slightly.
    The opening price of the main regional sales company was raised by about 100-200 yuan / ton, and the market price rose with it, but the market atmosphere was weaker than yesterday, and the real transaction was average
    .
    As of the midday close, the North China market rose 50-150 yuan / ton; East China market rose 50-250 yuan / ton; The South China market rose 50-150 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 164 lots, intraday -0 lots
    .
    Main position: The top 20 long positions in the main contract are 258439 lots, +29692 lots, short positions are 283579 lots, +27386 lots, and the net position is -25140 lots, with a decrease
    in net shorting.

    Summary: The overseas epidemic seems to be showing signs of easing, and many countries have expectations of de-regulating traffic, which has rekindled expectations of demand recovery, but international crude oil rushed back down, indicating that the upward pressure is still large
    .
    In the industrial chain, the output of PE pipes has risen significantly, indicating that the downstream rigid demand is still there, and after entering May, the number of maintenance devices has increased, which is expected to form a certain support for continuous plastics, however, the linear downstream demand has weakened, the demand for agricultural film has basically ended, the demand for shed mold has not yet begun, and the demand for packaging film is basically stable, indicating that the recovery of downstream demand is still insufficient, and it is expected that the short-term trend is still repeated
    .

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