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    Home > Chemicals Industry > New Chemical Materials > Even plastic narrow finishing It is advisable to wait and see for the time being

    Even plastic narrow finishing It is advisable to wait and see for the time being

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the Liansu L2009 contract was sorted out in a narrow range, closing at 6045 yuan / ton, +40 yuan from the previous trading day; Volume 601372 lots, -13977, position 365312 lots, +998 lots, basis 320 yuan, -20 yuan; 5-9 spreads 35 yuan, -55 yuan
    .

    Continuous plastic

    News: Shenhua Coal Chemical linear intraday bidding volume of 850 tons, trading volume of 514 tons, transaction rate of 60.
    47%; The low-pressure auction was 549 tons, and the transaction was 121 tons, with a transaction rate of 22.
    04%.

    Xinjiang high-pressure auction 50 tons, 50 tons, the transaction rate is 100%.

    The PE inventory of domestic polyethylene enterprises (oil + coal) in this cycle declined, down 11.
    96%
    from last week.
    Among them, the total inventory of PE of two barrels of oil fell by 7.
    37%
    from last week.
    PE inventories of coal-based enterprises fell 21.
    45%
    from last week.
    Sample trader PE inventories edged up 1.
    78%.

    Spot market: domestic polyethylene market price adjustment
    .
    The inventory of the sales company fell smoothly, the opening price continued to rise, the range was 50-150 yuan / ton, linear futures continued to fluctuate, the attitude of merchants was wait-and-see, the offer was mixed, and the actual order negotiation was the mainstay
    .
    As of the noon close, the North China market adjusted 50-130 yuan / ton; East China market adjustment 50-100 yuan / ton; The South China market rose 50-200 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 120 lots, intraday +0 lots
    .
    Main position: The top 20 long positions in the main contract are 208130 lots, +2265 lots, short positions are 270939 lots, +5839 lots, and the net position is -62809 lots, net short increases
    .

    Summary: The postponement of the OPEC+ meeting may cause market concerns about whether oil producers can reach a joint production reduction agreement, and Shenhua's online auction volume has declined, indicating that the willingness of the middle and lower reaches to receive goods at high prices is not strong
    .
    However, the two barrels of oil and petrochemical inventories showed signs of accelerating their decline, indicating that downstream demand has recovered, domestic petrochemical companies have a strong willingness to raise prices, and the firm spot price has formed a certain support
    for prices.
    Whether the key OPEC+ meeting in the future market can reach an agreement on production cuts, in terms of operation, investors should wait
    and see for the time being.

     

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