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    Home > Chemicals Industry > New Chemical Materials > Liansu opened slightly lower and sorted out in a narrow range around the intraday moving average

    Liansu opened slightly lower and sorted out in a narrow range around the intraday moving average

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Liansu 1809 contract opened at 9540 yuan / ton, the highest to 9595 yuan / ton, the lowest to 9410 yuan / ton, closed at 9440 yuan / ton, down 60 yuan, down 0.
    63%, the volume reported 348284 lots, and the position increased by 11642 lots to 460306 lots
    .

    Continuous plastic

    News: In recent years, in the market environment of "replacing steel with plastic", the tilt of policies has brought good prospects for the plastic products industry, and China's plastic products production has increased significantly
    compared with the same period last year.
    Statistics show that in 2017, the cumulative output of plastic products in China was 75.
    155 million tons, a cumulative increase of 3.
    4%, of which the cumulative output of daily plastic products was 6.
    6514 million tons, a cumulative increase of 5.
    8%.

    It is expected that the cumulative output of plastic products in China will reach 77.
    193 million tons in 2018, a cumulative increase of about 3.
    1%.

    Raw material price: naphtha CF Japan reported 673.
    75 US dollars / ton, down 0.
    37%; FOB Singapore was trading at $74.
    55 a barrel, down 0.
    36%.

    ethylene CFR Northeast Asia 1250 US dollars / ton, flat; CFR Southeast Asia was flat at $1185/mt
    .

    Spot price: Southeast Asia was flat at $1205; Far East reported 1190 yuan / ton, unchanged
    .
    Domestic price: North China Daqing reported 9800 yuan / ton, flat; East China Yuyao reported 9,800 tons, down 100 yuan; South China Guangzhou reported 9800 yuan / ton, down 50 yuan; Northwest Dushanzi reported 9800 yuan / ton, unchanged
    .

    The Liansu 1809 contract opened slightly lower, finishing in a narrow range around the intraday moving average throughout the day, and the final session was still subject to the pressure of the short-term moving average, indicating that the pressure from above was obvious
    .
    Fundamentally, the peak period of device maintenance has formed a certain support for the price, but the high level of social inventory has suppressed
    it to a certain extent.

    Technically, the MACD indicator red bar contraction, the KDJ indicator oscillation retreat, short-term may have technical adjustment requirements
    .
    Operationally, investors can hold short orders cautiously, and the lower target is temporarily looking at the 9350 line
    .

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