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Liansu closed slightly lower and held cautiously

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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Liansu 1809 contract opened at 9230 yuan / ton, the highest to 9280 yuan / ton, the lowest to 9200 yuan / ton, closed at 9225 yuan / ton, down 30 yuan, down 0.
32%, the trading volume reported 929176 lots, and the position increased by 2500 lots to 442148 lots
.

Continuous plastic

News side: CNPC North China LLDPE price cut by 100 yuan / ton
.

Raw material price: naphtha CF Japan reported 698.
5 US dollars / ton, 0.
36%; FOB Singapore is trading at $77.
47 a barrel, or 0.
28 percent
.
ethylene CFR Northeast Asia 1300 US dollars / ton, up 30; CFR Southeast Asia was trading at $1180 / ton, up 20
%.

Spot price: Southeast Asia was quoted at $1210, unchanged; Far East reported 1190 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 900 yuan / ton, down 50; East China Yuyao reported 9600 tons, down 100; South China Guangzhou reported 9700 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

The Liansu 1809 contract closed slightly lower, with a short-term upper moving average showing a bearish arrangement
.
Fundamentally, the peak period of equipment maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline in social inventory has suppressed it to a certain extent
.

Technically, the KDJ indicator is in the oversold zone with support
around 9200 below.
In terms of operation, prudent investors can take profits on the dip and settle their pockets
.
Aggressive investors can set short orders in their hands and hold them
cautiously.

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