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    Home > Chemicals Industry > New Chemical Materials > Even plastic narrow finishing market sentiment is still low

    Even plastic narrow finishing market sentiment is still low

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    The Liansu 1901 contract opened at 9540 yuan, the highest to 9575 yuan, the lowest to 9500 yuan, and closed at 9565 yuan, up 15 yuan, or 0.
    16%, the volume was 176286, and the position increased by 964 lots, reporting 336676 lots
    .

    Continuous plastic

    News: According to Longzhong information statistics, the daily output of high-pressure film and linear film has gradually decreased, as of yesterday, the daily production ratio of high-pressure film has dropped from 12.
    85% before the festival to 9.
    29%, and the linear film has dropped from 36.
    83% before the festival to 31.
    21%.

    The supply of goods in various markets across the country has decreased
    .
    Downstream demand has recovered
    .
    Before the holiday, the national downstream agricultural film operating rate was about 50%, and this week's downstream agricultural film operating rate has reached 57%, coupled with the early arrival of this year's cold climate, the demand for agricultural mulch film has become better, and the price of agricultural mulch film has increased by 200 yuan / ton
    compared with before the holiday.

    Raw material price: naphtha CF Japan reported 697.
    88 US dollars / ton, -2.
    58%; FOB Singapore is trading at $75.
    8/b, -2.
    65%.

    ethylene CFR Northeast Asia 1140 US dollars / ton, -1.
    72%; CFR Southeast Asia was trading at $1,040/mt, -1.
    89%.

    Spot prices: Southeast Asia was flat at $1,130; Far East reported 1110 yuan / ton, unchanged
    .
    Domestic price: North China Daqing reported 9800 yuan, -0.
    51%; East China Yuyao reported 9950 yuan, +0%; South China Guangzhou 10050 yuan, -0.
    99%; Northwest Dushanzi 9900 yuan, +0%.

    The 1901 contract is narrowly organized, showing that the lower moving average has some support
    .
    However, intraday trading sharply decreased, indicating that market sentiment is still low
    .
    Fundamentally, the management's tax cuts and interest rates have provided some support to the market, but the sharp pullback in global stock markets has weighed on investor confidence and suppressed
    prices.

    Technically, MACD continues to decline slightly, the red bar shortens, and the KDJ indicator shows signs of a median downward trend, which remains bearish
    in the short term.
    Operationally, it is recommended that investors wait and see for the time being
    .

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