echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Liansu oscillated higher, and once touched the upper limit during the session

    Liansu oscillated higher, and once touched the upper limit during the session

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, the Liansu L2009 contract fluctuated higher, and once touched the upper limit during the session, closing at 5805 yuan / ton, +290 yuan from the previous trading day; Volume 597898 lots, +127831; position 322491 lots, -2531 lots, basis -10 yuan, -195 yuan; 5-9 spreads of 5 yuan, +45 yuan
    .

    Continuous plastic

    News: Shenhua Coal Chemical linear intraday bidding volume of 900 tons, trading volume of 430 tons, transaction rate of 47.
    78%; High-pressure auction 358 tons, volume 0 tons, transaction rate 0%; The low-pressure auction was 500 tons, and the transaction was 205 tons, with a transaction rate of 41%.

    Xinjiang high-pressure auction 50 tons, no deal
    .

    Spot market: The price of domestic polyethylene market is mixed
    .
    The main regional sales company high and low pressure prices partially lowered, the range of 100 yuan / ton up and down, linear futures continued to rise, business attitude wait-and-see, linear offer slightly rising, low pressure and high pressure market prices still fall, downstream to take goods atmosphere is acceptable, as of the noon close, North China, East China market adjusted 50 yuan / ton up and down, South China market down 50-200 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts report 0 lots, intraday -0 lots
    .
    Main position: The top 20 long positions in the main contract are 176541 lots, -4667 lots, short positions are 234134 lots, +0 lots, net positions are -57593 lots, net short increases
    .

    Summary: The accelerated spread of the overseas epidemic has caused market panic, and the absolute value of the two barrels of domestic oil and petrochemical inventories is still high, indicating that downstream demand has not fully recovered and formed a certain suppression
    of prices.
    But market rumors say that Trump is scheduled to meet with the heads of some of the largest U.
    S.
    oil companies on Friday to discuss how to help oil companies weather the storm, and according to sources, Saudi Arabia will also support cooperation between oil producers to stabilize the oil market
    .
    As a result, market panic has abated
    .
    Shenhua's online auction transaction volume has also increased
    significantly.
    The future market focuses on whether the above two news can be implemented, and operationally, investors can set a take profit in their hands and hold
    them cautiously.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.