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    Home > Chemicals Industry > New Chemical Materials > Liansu fell slightly, and investors should wait and see

    Liansu fell slightly, and investors should wait and see

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Market conditions: On Thursday, the main contract of Liansu L2005 fell slightly, and the futures price closed at 7310 yuan / ton, -0 yuan from the previous trading day; Volume 139007 lots, -394083 lots (change in statistical method); Position 371698 lots, -360592 lots (statistical method change), basis 10 yuan, -30 yuan; 5-9 spreads -50 yuan, -5 yuan
    .

    Continuous plastic

    News: The price of agricultural film in central China is mainly stable, affected by environmental protection production restrictions, power restrictions and production stoppages, and the start of agricultural film enterprises in various regions varies greatly
    .
    Reference price: white film 7900-8100 yuan / ton, double anti-film 9100-9400 yuan / ton, mulch film about 8600 yuan / ton, small factory price is low
    .
    No tax, transaction volume negotiation
    .

    Spot market: The domestic polyethylene market atmosphere is weak
    .
    The opening price of the main regional sales company is more stable, and the central bank's RRR reduction brings macro benefits, but the news of Zhejiang Petrochemical is bearish for PE fundamentals, and at present, merchants are holding a wait-and-see attitude, and the market transaction price fluctuates lower
    .
    As of the noon close, the North China and East China markets adjusted by 50 yuan / ton; The South China market is temporarily stable
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 1571 lots, +180 lots
    within the day.
    Main position: The top 20 long positions in the main contract are 193596 lots, +1438 lots, short positions are 277483 lots, +5444 lots, net positions are -83887 lots, net space increases
    .

    Summary: Asian market demand is lukewarm, and participants are on the sidelines
    amid economic uncertainty.
    In India, where demand is stable, production of tarpaulins in India has already begun, with the Philippines restarting its 2 polyethylene plants and 1 polypropylene plant
    in Batangas at the end of December.
    The average operating rate of domestic polyethylene enterprises has rebounded
    .
    The overall operating rate of downstream agricultural film enterprises decreased month-on-month, indicating that downstream demand has slowed down, and the total storage volume of PE of two barrels of oil decreased slightly, with a week-on-week decrease of 4.
    20%.

    China and the United States reached a phase one agreement on trade, while the second exclusion list of commodities had little impact on the market conditions, and crude oil fluctuated at a high level, which put pressure
    on LLDPE to a certain extent.
    Overall, LLDPE is currently struggling
    with long and short.
    Operationally, it is recommended that investors wait and see
    .

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