echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Liansu futures rose in volatility The spot market was boosted to some extent

    Liansu futures rose in volatility The spot market was boosted to some extent

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last week, Liansu futures fluctuated to the upside, which gave a certain boost
    to the spot market.
    On November 12, polyethylene futures 2201 opened at 8965, the highest price was 9138, the lowest price was 8887, the closing price was 9016, the previous settlement price was 8887, the settlement price was 9042, up 129, or 1.
    45%, the trading volume was 801683, the position was 279321, and the daily increase was 26185
    .
    (Quotation: yuan/ton)

    Continuous plastic

    In November, the trend of the domestic polyethylene spot market has improved, of which LLDPE and LDPE in East China first fell and then rose, the overall center of gravity moved up, HDPE fell first and then stabilized, and the price fell in a narrow range
    .

    Last week, the LDPE market was significantly adjusted, LLDPE was also slightly raised driven by the rise in the futures market, and the HDPE price was mainly
    stable.
    Last week, most petrochemical companies raised the factory quotation, the increase range is about 50-350 yuan / ton, the cost support is acceptable, the plastic futures market fluctuates and rises, bringing a certain boost to the spot market, in terms of demand, the current shed film is in the peak production season, but the demand for pipes is in the off-season
    .
    On the whole, the market transaction atmosphere is mild, the terminal enters the market on demand, the merchants follow the market, and the price
    rises.

    At present, the overall market transaction is moderate, there is no obvious pressure on manufacturers' inventory, high-pressure varieties are driven by tight supply, prices in some regions have increased, on the whole, the trend of the three major varieties of PE spot has improved, and the continuous plastic futures market has risen in shock, bringing a certain boost
    to the spot market.
    It is expected that the PE spot market may fluctuate in a narrow range in the short term
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.