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Even the plastic moving average was strongly sorted out, and the position was greatly reduced during the session

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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The Liansu 1805 contract opened at 9260 yuan / ton, the highest was 9320 yuan / ton, the lowest was 9210 yuan / ton, and closed at 9295 yuan / ton, up 60 yuan, or 0.
65%.

The trading volume was reported 235576 lots, and the position decreased by 45174 lots to 256956 lots
.

Continuous plastic

News: On March 29, 2018, the Ministry of Environmental Protection announced the data of the 9th batch of waste plastic import permits in 2018
.
In this batch, a total of 4 processing companies were publicized, and the approved import volume was 1923 tons
.

Raw material prices: naphtha CF Japan reported 607 US dollars / ton, flat; FOB Singapore was flat at $66.
82 a barrel
.
ethylene CFR Northeast Asia 1385, flat; CFR Southeast Asia was flat at $1285/mt
.

Spot price: Southeast Asia reported 1190 yuan / ton, unchanged
.
Far East reported 1160 yuan / ton, flat
.
North China Tianjin Daqing reported 9300 yuan / ton, up 80 yuan; East China Yuyao Daqing Petrochemical 9450 tons, up 50 yuan; South China Guangzhou Maoming reported 9450 yuan / ton, up 50 yuan; Northwest Dushanzi reported 9400 yuan / ton, unchanged
.

The Liansu 1805 contract relied on the short-term moving average to sort out strongly, and the intraday position was sharply reduced, indicating that there were short funds to take profits
.
Fundamentally, high inventories, downstream demand off-season or some suppression of futures prices, but crude oil fluctuated at a high level, and strong Asian ethylene prices supported it
.

Technically, today's LLDPE closed on the 20-day moving average, and the technical pattern improved
.
The MACD low gold cross signs to the upside, and the KDJ indicator gold cross diverges upward, indicating that the rally is expected to continue
.
Operationally, investors can take long positions lightly when they fall
.

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