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    Home > Chemicals Industry > New Chemical Materials > Liansu accelerated its retreat, indicating that the short-term trend is still weak

    Liansu accelerated its retreat, indicating that the short-term trend is still weak

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Market situation: Liansu accelerated to fall, L1909 opened at 8160 yuan / ton, the highest reported 8175 yuan / ton, the lowest reported 7970 yuan / ton, closed 8000 yuan / ton, -2.
    2% from the previous trading day; Volume 640254 lots, +146366 lots; Position 631718 lots, +80094 lots, basis 200 yuan, +115 yuan, 9-1 spread 45 yuan, -5 yuan
    .

    Continuous plastic

    News: According to Longzhong Information statistics, as of May 8, the total inventory of PE of two barrels of oil rose, up 12.
    67%
    from before the holiday.
    Year-on-year increase of 27.
    33%.

    Among them, Sinopec's PE inventory increased by 13.
    42% week-on-week; CNPC PE inventories rose 12.
    26%
    week-on-week.
    The PE inventory of coal chemical enterprises increased by 11.
    68%
    week-on-week.
    Trader PE inventories edged down by 2.
    75%.

    Spot market: The domestic polyethylene market continues to decline
    .
    In terms of petrochemicals, the opening price of the main regional sales company continued to decrease, ranging from 50-100 yuan / ton, linear futures fell, the spot market transaction was not smooth, the center of gravity continued to shift, as of the morning close, the price in North China, East China and South China fell by 50-100 yuan / ton; The southwest region fell linearly by 150 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 366 lots; At all-time lows, +266 lots
    intraday.
    Main positions: The top 20 long positions in the main contract are 183627 lots, +21847 lots, short positions are 218845 lots, +36642 lots, and net long positions are -35218 lots, -14795 lots
    .

    Summary: The trend of crude oil has weakened, the downstream demand for plastics is general, and the high inventory of the two oils has suppressed
    the price of LLDPE.
    Technically, the L1909 contract was volatile lower, with a long negative closing and hitting a new recent low, indicating that the short-term trend is still weak
    .
    The trading volume and position volume have risen sharply, and the main position shows that the main position increase of the long party is not as strong as the main position increase of the bear, and the short side has the advantage
    .
    The indicator MACD oscillation is lower, the green bar is elongated, and the KDJ indicator is hovering low, indicating a slight strengthening
    of bearish strength.
    In operation, investors can take profits when the short order falls sharply, and the bag is safe
    .

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