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    Home > Chemicals Industry > New Chemical Materials > Liansu opened slightly lower and rebounded in the mid-session

    Liansu opened slightly lower and rebounded in the mid-session

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Liansu 1809 contract opened at 9270 yuan / ton, the highest was 9340 yuan / ton, the lowest was 9225 yuan / ton, and closed at 9270 yuan / ton, down 20 yuan, or 0.
    22%.

    The trading volume was reported 249536 lots, and the position decreased by 23926 lots to 351738 lots
    .

    Continuous plastic

    News: PE social inventories increased in the week of April 11, up 1.
    6%
    compared to the same period last week.
    At present, the equipment maintenance season is approaching, and enterprises have stock demand, but traders seem to see that due to the return after the holiday, the market price has risen sharply and the shipment is better
    .
    Small and medium-sized trader inventories have declined
    .
    Some large trading models have increased their inventories due to the maintenance of the equipment in the later stage, and the inventory has increased
    .
    In the later stage, due to the recent market trading atmosphere is still good, coupled with the petrochemical maintenance season today, it is expected that the social inventory will decline
    in the later period.

    Raw material prices: naphtha CF Japan reported 608.
    25 US dollars / ton, up 1.
    08%; FOB Singapore was trading at $66.
    92 a barrel, up 1.
    12%.

    ethylene CFR Northeast Asia 1360, flat; CFR Southeast Asia was flat at $1275/mt
    .

    Spot price: Southeast Asia reported 1200/ton, unchanged
    .
    Far East reported 1180 yuan / ton, unchanged
    .
    North China Tianjin Daqing reported 9550 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9700 tons, down 100 yuan; South China Guangzhou Maoming reported 9600 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
    .

    Liansu 1809 opened slightly lower, rebounded in the mid-session, but the strength was not large, and it continued to fall in the afternoon, indicating that there is still some pressure
    above.
    Fundamentally, inventories are still high or form a certain suppression of futures prices, but the trend of crude oil is firm, and the stable spot prices at home and abroad support it
    .

    Technically, L1809 is under pressure, the lower support pattern, MACD indicator red column began to shrink, KDJ indicator into the high area after there are signs of turning, showing that the pressure of the 9380 line can not be underestimated, the market after the 9220 line of support, operationally, it is recommended that investors temporarily wait and see, wait for the trend to be clear
    .

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