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    Home > Chemicals Industry > New Chemical Materials > Even plastic volume reduction position, futures price rushed back down

    Even plastic volume reduction position, futures price rushed back down

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, Liansu L2105 contract reduced its position, and the futures price rushed back down, closing at 8840 on the day, -90 yuan from the previous trading day; The trading volume was 698230 lots, the position was reported 348254 lots, -11146, and the basis was 210 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on February 23: The two oil stocks were 890,000 tons (the previous day's revised inventory was 910,000 tons), down 20,000 tons
    from the previous day.
    2.
    Longzhong Information reported on February 23: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 988 tons, the previous day's bidding volume was 897 tons, the intraday trading volume was 878 tons, and the previous day's trading volume was 40 tons

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9050 yuan / ton, +300 yuan
    .

    Warehouse receipt inventory: 915 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 215401, -10826; short positions reported 250139, -15668
    .
    Reduced
    headroom.

    Summary: The extremely cold weather in the United States has led to a decrease in oil and gas exploitation, and many chemical companies have also stopped work and production, resulting in a decrease in the supply of chemicals in the market; The earthquake in Japan also caused a number of chemical companies in northeastern Japan to stop production, causing market participants to worry
    about the insufficient supply of chemical commodities.
    Domestically, during the long holiday, the operating rate of domestic polypropylene manufacturers is still operating at a high (about 90%) level, and the market supply is sufficient
    .
    In the downstream, affected by the promotion of festivals in the place of employment, the downstream resumption of work may be earlier than in previous years (generally between the tenth and fifteenth of the first month), and it is expected that the degree of accumulation of this year's Spring Festival will be lower than the same period last year
    .
    However, after a sustained sharp rally, a technical correction
    needs to be prevented in the short term.
    In terms of operation, investors can reduce their holdings in the hands of a sharp rise, drop their bags for safety, and take them back
    after they return.

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