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    Home > Chemicals Industry > New Chemical Materials > Even plastic weak finishing back test moving average support

    Even plastic weak finishing back test moving average support

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    The Liansu 1805 contract opened at 9560 yuan / ton, the highest was 9580 yuan / ton, the lowest was 9475 yuan / ton, and closed at 9535 yuan / ton, down 600 yuan, or 0.
    63%.

    The volume recovered to 328454 lots, and the open position decreased by 6862 lots to 421374 lots
    .

    Continuous plastic

    News side: In February, the production of shed film basically ended, downstream demand continued to be light, and the average operating rate of shed film manufacturers was about 35%, down 5%
    from the previous month.
    At the beginning of the month, the start of agricultural film enterprises above designated size was about 40%-50%, and most small and medium-sized agricultural film enterprises have stopped work and are expected to start up around the 22nd
    .
    Mulch film production has entered the peak season, large-scale mulch film manufacturers start about 60%-70%, some large factories start slightly higher, and enterprises have a slightly later holiday
    .
    Due to the impact of the Spring Festival holiday, the overall start of construction in February was not high
    .

    Raw material prices: Naphtha CF Japan reported 567.
    75 tons, up 1.
    79%; FOB Singapore was trading at $61.
    9 a barrel, up 1.
    86%.

    ethylene CFR Northeast Asia 1240, flat; CFR Southeast Asia was flat at $1170/mt
    .

    Spot price: Far East reported 1210 yuan / ton, flat, the Middle East reported 1184 yuan / ton, flat
    .
    The domestic market rose steadily, with North China Tianjin Daqing reporting 9500 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9600 tons, flat; South China Guangzhou Maoming reported 9550 yuan / ton, flat; Northwest Dushanzi reported 9550 yuan / ton, unchanged
    .

    Today, the LLDPE1805 contract is weak, and the lower moving average temporarily provides support
    .
    Fundamentally, the inventory of petrochemical companies is high, and the weak downstream demand has suppressed the futures price to a certain extent
    .
    However, the stability of spot prices supports prices, and the future market focuses on the start of
    downstream product enterprises.

    Technically, the LLDPE1805 contract is located in a narrow range between medium and long wireless areas, with pressure on the top and support
    on the bottom.
    The MACD indicator is flat at a low level and remains weak
    in the short term.
    The future market pays attention to the support
    of the 9500 line.
    Operationally, investors can hold long orders at 9480 as stop loss
    cautiously.

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