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    Home > Chemicals Industry > New Chemical Materials > Liansu opened low and went high, and the intraday volume increased the position and rebounded

    Liansu opened low and went high, and the intraday volume increased the position and rebounded

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    The Liansu 1805 contract opened at 9465 yuan / ton, the highest was 9705 yuan / ton, the lowest was 9455 yuan / ton, and it closed at 9680 yuan / ton, up 185 yuan, or 1.
    95%.

    The volume increased significantly to 497622 lots, and the open position also increased by 38058 lots to 462932 lots
    .

    Continuous plastic

    News side: The total amount of PE exports in January 2018 was 14221.
    96 tons
    .
    Among them, the export volume of LDPE was 4597.
    43 tons, the export volume was +34.
    15% year-on-year compared with the previous month, and the average export price of the month was 1747.
    95 US dollars / ton; The export volume of HDPE was 9624.
    53 tons, the export volume was -15.
    49% year-on-year compared with the previous month, and the average export price of the month was 1547.
    58 US dollars / ton; LLDPE export volume was 2027.
    35 tons, the export volume was -1.
    91% year-on-year compared with the previous month, and the average export price of the month was 1373.
    49 US dollars / ton
    .

    Raw material prices: Naphtha CF Japan reported 575.
    25 tons, down 0.
    04%; FOB Singapore was trading at $62.
    53 a barrel, down 0.
    05%.

    ethylene CFR Northeast Asia 1250, up $20; CFR Southeast Asia was trading at $1190 a tonne, up $10
    .

    Spot price: Far East reported 1210 yuan / ton, flat, the Middle East reported 1184 yuan / ton, flat
    .
    The domestic market rose steadily, with Tianjin Daqing reporting 9500 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9550 tons, flat; South China Guangzhou Maoming reported 9550 yuan / ton, up 50 yuan; Northwest Dushanzi reported 9550 yuan / ton, unchanged
    .

    Today, the LL1805 contract opened low and went high, and the intraday volume increased its position and rebounded, and the short-term trend turned stronger
    .
    Fundamentally, the inventory of petrochemical enterprises is high, which has formed a certain suppression
    of futures prices.
    However, petrochemical companies have a strong willingness to raise prices, raw material and spot prices are stable and rising to support prices, and as downstream product enterprises gradually start work, it is expected to digest the high inventory
    of petrochemical enterprises.

    Technically, LLDPE1805 contract is supported by the annual line, the volume of increased positions rebounded, the close returned to the short-term moving average above, the KDJ indicator diverged upward, the MACD indicator also appeared at the low level of golden cross, it is expected that after a short correction, the rebound market is expected to continue
    .
    Operationally, investors can hold
    with caution.

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