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    Home > Chemicals Industry > New Chemical Materials > Liansu fluctuated at a low level, and social inventories rebounded slightly

    Liansu fluctuated at a low level, and social inventories rebounded slightly

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Liansu 1901 contract opened at 9400 yuan, the highest to 9435 yuan, the lowest to 9365 yuan, closed at 9385 yuan, down 55 yuan, or 0.
    58%, the volume was 169482, the position decreased by 3092 lots, and the 331624 lots
    .

    Continuous plastic

    News: Recently, the Ministry of Finance and the State Administration of Taxation jointly issued the Notice on the Policy of De-capacity and Structural Adjustment of Real Estate Tax and Urban Land Use Tax (hereinafter referred to as the Notice) indicating that enterprises that have suspended production and closed according to the policy requirements will be exempted from real estate tax and urban land use tax from the next month after resuming production, and the tax exemption period will not exceed two years
    .
    This move will reduce the tax pressure
    on the starting companies for recycled plastic companies.
    Tax exemption can also effectively improve the overall operating rate of the industry, reduce the current high price pressure of various plastic raw materials on the market, and is expected to suppress
    plastic prices.

    Raw material price: naphtha CF Japan reported 685.
    75 US dollars / ton, -0.
    49%; FOB Singapore is trading at $74.
    44/b, -0.
    51%.

    ethylene CFR Northeast Asia 1100 US dollars / ton, -1.
    79%; CFR Southeast Asia was trading at $1,010/mt, -0.
    98%.

    Spot price: Southeast Asia quoted at $1130, +0%; Far East reported 1100 yuan / ton, -0.
    9%.

    Domestic price: North China Daqing reported 9700 yuan, +0%; East China Yuyao reported 9750 yuan, -0.
    51%; South China Guangzhou 9900 yuan, -1.
    0%; Northwest Dushanzi 9850 yuan, -0%.

    The 1901 contract fluctuated at a low level, with a sharp contraction in trading volume and a slight decrease in position
    .
    Fundamentally, the management tax reduction and RRR reduction constitute a certain support for the market, but the decline in raw material prices, the flat downstream demand, and the slight recovery of social inventories have suppressed
    prices.

    Technically, the MACD median dead cross is downward, and the KDJ indicator is oscillating lower, indicating a short-term pullback requirement
    .
    In terms of operation, it is recommended that investors set a take profit in their hands and hold
    them cautiously.

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