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    Home > Chemicals Industry > New Chemical Materials > Liansu opens high and goes low short-term may have rebound demand

    Liansu opens high and goes low short-term may have rebound demand

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market conditions: Liansu opened high and low, L1909 opened at 7675 yuan / ton, the highest reported 7705 yuan / ton, the lowest reported 7560 yuan / ton, closed 7565 yuan / ton, +1.
    00% from the previous trading day; Volume 422358 lots, -574214 lots; Position 694134 lots, -5966 lots, basis 235 yuan, +20 yuan, 9-1 spread 80 yuan, -15 yuan
    .

    Continuous plastic

    News: The US Treasury Department announced on the 7th that it will impose sanctions
    on Iran's largest and most profitable petrochemical company, the Persian Gulf Petrochemical Industry Company, its subsidiaries and overseas sales networks.
    The Persian Gulf Petrochemical Industries Company accounts for 40% of Iran's annual petrochemical production and 50%
    of its exports.

    Spot market: The domestic polyethylene market is mixed
    .
    In terms of enterprises, the linear and high-pressure opening price of the main regional sales company was lowered, with a range of 50 yuan / ton
    .
    Linear futures opened high and fluctuated, merchants were partially reluctant to sell, the offer was raised, and the downstream sought low to enter the market, and the overall trading atmosphere was more general
    .
    As of the close of the morning, North China adjusted, the range was 50-250 yuan / ton; East China adjusts about 50-100 yuan / ton; South China rose 50-100 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 1637 lots, intraday - 19 lots; In the historical median zone
    .
    Main positions: The top 20 long positions in the main contract are 200727 lots, -2664 lots, short positions are 266696 lots, +296 lots, and net long positions are -65969 lots, -2960 lots
    .

    Summary: Crude oil weakened and downstream demand generally suppressed the price of Liansu, but the price of LLDPE formed support when the US sanctioned Iranian chemical enterprises and the peak of plant maintenance, and after continuous decline, there are also certain signs
    of over-fall in the short term.
    Technically, the L1909 contract opened high and went low, the trading volume shrank sharply, and the position volume also decreased significantly, the main position showed that the main force of the long side reduced the position, the main force of the short increased position, and the short side prevailed
    .
    The indicator MACD hovered low, the green bar flattened, and the KDJ indicator recovered slightly, with signs
    of a low golden cross.
    Shows signs
    of overselling in the short term.
    Operationally, there may be a rebound demand in the short term, and investors can operate
    in the range of 7450-7700.

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