echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Lian Plastic strong finishing The final Xiaoyang closed

    Lian Plastic strong finishing The final Xiaoyang closed

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Liansu 1905 was strongly sorted out, and the final Xiaoyang closed
    .
    opened at 8655, the highest was 8710, the lowest was 8640, and the close was 8680, up 0.
    81% from the previous trading day; Volume 208778, -82030; position 450530, -2148, basis 370, -75; L5-September spread 225, -10
    .

    Continuous plastic

    News: After careful planning and organization, Shijian Company and Qi Yun Company cooperated, on January 15, the "Big Mac" with a total weight of 1,435 tons, the first tower of the "Big Mac" with a total weight of 1,435 tons-800,000 tons/year ethylene cracking plant No.
    2 propylene tower modular overall lifting was successful, marking the installation project of Zhongke ethylene cracking plant in full swing, which is bound to set off a new upsurge of Zhongke project, which is expected to accelerate the construction of new production capacity of the cracking plant in 2019
    .

    Spot market: the domestic polyethylene market finishing trend, petrochemical, East China low-pressure injection molding part rose 200, the rest of the chemical sales unit price is more stable
    .
    Linear futures continued to rise, the sales atmosphere in the spot market was acceptable, and merchants actively completed the sales task, so the price did not increase significantly, maintaining stable sales
    .
    As of the close of the morning, the North China market was narrow, with a range of 50-100 yuan / ton; Slight consolidation in East China market; The South China market is mainly
    consolidated.

    Warehouse receipt inventory: Exchange warehouse receipts reported 342 lots, +0; in the historical low area, currently stable
    .

    Main positions: The top 20 long positions in the main contract are 143548, -229, short positions are 169399, -1571, and net long positions are -25851, -1571
    .
    It shows that the strength of the main position reduction of the bulls is less than that of the main force of the bears
    .

    Summary: The trading volume and position of the L1905 contract have decreased
    significantly.
    Fundamentally, crude oil stopped falling and rebounded, and ethylene stabilized to form a certain support
    for prices.
    However, the sluggish downstream demand, and the lower enthusiasm of downstream enterprises to stock up than expected a few years ago limited the height of the price rebound to a certain extent

    Technically, the moving average system supports the futures price, MACD, KDJ indicators have signs of strengthening, and the market may rebound in
    the future.
    Operationally, investors can continue to hold long orders in the early stage, with a stop loss of 8550 yuan and a target of 8700 yuan
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.