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    Home > Chemicals Industry > New Chemical Materials > Liansu opened low and went low, and the position volume rose slightly

    Liansu opened low and went low, and the position volume rose slightly

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Liansu 1901 contract opened at 9400 yuan, the highest to 9420 yuan, the lowest to 9265 yuan, closed at 9305 yuan, down 180 yuan, down 1.
    90%, the volume was 382070 lots, the position increased by 7912 lots, and the 475414 lots
    .

    Continuous plastic

    News: The domestic general plastics market traded weakly, and the market was partially lower
    .
    At present, the performance of the market in all aspects is unsatisfactory, and the bearish sentiment in the market is strong
    .
    The upstream trend fluctuates, shaking cost support, and petrochemical companies have introduced price reduction policies in turn, which directly leads to the continuous downward
    shift of the price center of gravity.
    Traders lose confidence in the future market, and in order to avoid risks, there are many concession measures
    .
    However, the response of downstream factories to this is flat, the enthusiasm for receiving goods is weak, and the actual transaction follow-up is slow
    .

    Raw material price: naphtha CF Japan reported 680.
    5 US dollars / ton, up 0.
    13%; FOB Singapore was trading at $74.
    16 a barrel, up 0.
    07%.

    ethylene CFR Northeast Asia 1365 US dollars / ton, flat; CFR Southeast Asia was flat at $1240/mt
    .

    Spot prices: Southeast Asia was flat at $1,130; Far East reported 1100 yuan / ton, unchanged
    .
    Domestic prices: North China Daqing reported 9700 yuan, up 100 yuan; East China Yuyao reported 9600 yuan, flat; South China Guangzhou 9700 yuan, up 50 yuan; Northwest Dushanzi 9650 yuan, flat
    .

    The Liansu 1901 contract opened low and went low, barely closing above the half-year line at the end, with a slight increase in holdings and a weak short-term trend
    .
    Fundamentally, the loosening of spot prices and a slight recovery of social inventories have put certain pressure
    on futures prices.

    Technically, the MACD indicator is moving to the downside at a high level, but the KDJ indicator has begun to enter the oversold area, and combined with the support level below, it is expected that the downside has been relatively limited
    .
    In terms of operation, it is recommended that investors can reduce their short orders at low prices, and drop their pockets for safety; Activist investors with short positions can tentatively open long orders and grab a rebound
    when they fall sharply.

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