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Lianplastic increased positions fell back There are still short-term pullback requirements

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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The Liansu 1805 contract opened at 9645 and ended at 9585 yuan / ton, down 50 yuan
from the previous trading day.
The highest was 9665 yuan / ton throughout the day, the lowest was 9570 yuan / ton, the trading volume shrank significantly, reported 196988 lots, and the position continued to increase by 9332 lots, reporting 420834 10,000 lots
.

Continuous plastic

News side: 1.
Polyethylene import data in 2017 show that the cumulative import of PE in 2017 was 11.
7935 million tons, an increase of 18.
6% year-on-year; The cumulative import of high pressure was 2.
374 million tons, an increase of 15.
67%
year-on-year.
The cumulative import of low pressure was 6.
3939 million tons, an increase of 21.
17%
year-on-year.
The linear cumulative import was 3.
0256 million tons, an increase of 15.
75%
year-on-year.
2.
The production of mulch film in the north will be started one after another, and the peak of the main production of mulch film and spring shed film is coming
.

Raw material prices: International naphtha prices have declined
.
CF Japan reported 573.
12 tons, -1.
51%; FOB Singapore is trading at $62.
73/b, -1.
62%.

Ethylene market remained stable, CFR Northeast Asia 1320; CFR Southeast Asia was trading at $1220/mt, both unchanged
from yesterday.

Spot price: The price of foreign spot market was stable and slightly increased, the Far East reported 1225 yuan / ton, up 5 US dollars, and the Middle East reported 1194 yuan / ton, flat
.
Market prices fell slightly, with Tianjin Daqing reporting 9650 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9800 tons, flat; South China Guangzhou Maoming reported 9700 yuan / ton, down 50 yuan; Northwest Dushanzi reported 9800 yuan / ton, unchanged
.

Towards the Spring Festival, market participation enthusiasm weakened, on the plastic supply side, equipment maintenance decreased, operating rate rebounded, and inventories edged higher
month-on-month.

In terms of demand, downstream shed film production has entered the off-season, and downstream demand continues to weaken
.
It is expected to weigh on
prices.

Technically, LLDPE1805 contract increased positions and fell, KDJ and MACD indicators continued to slowly decline, and it is expected that there will still be a pullback requirement
in the short term.
There is a need
to test the 9500 line in the future.
Operationally, short orders in the hands of investors can continue to be held
cautiously.

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