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    Home > Chemicals Industry > New Chemical Materials > Liansu oscillated sideways and sharply reduced positions during the session

    Liansu oscillated sideways and sharply reduced positions during the session

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    The Liansu 1805 contract opened at 9225 yuan / ton, the highest was 9285 yuan / ton, the lowest was 9185 yuan / ton, and closed at 9225 yuan / ton, up 50 yuan, or 0.
    54%.

    The trading volume was reported at 272720 lots, and the position decreased by 24028 lots to 302130 lots
    .

    Continuous plastic

    News side: Recently, the production of shed film is in the off-season, and the overall operating rate of shed film enterprises is about
    10%-15%.
    Most shed film manufacturers are in the equipment maintenance season, and some enterprises still have a small number of orders, and the production is scheduled for about
    1 week.
    Mulch film production is in the peak season, but the order situation has a more obvious difference, small and medium-sized enterprises have fewer orders, while large mulch film factories have accumulated more orders, the start of construction is 80%-90%, some enterprises have reached full capacity, and orders are scheduled to mid-April
    .

    Raw material prices: naphtha CF Japan reported 607 US dollars / ton, up 0.
    75%; FOB Singapore was trading at $66.
    82 a barrel, up 1.
    09%.

    ethylene CFR Northeast Asia 1385, flat; CFR Southeast Asia was flat at $1285/mt
    .

    Spot price: Far East reported 1160 yuan / ton, flat, Southeast Asia reported 1190 yuan / ton, flat
    .
    North China Tianjin Daqing reported 9220 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9400 tons, flat; South China Guangzhou Maoming reported 9400 yuan / ton, up 50 yuan; Northwest Dushanzi reported 9400 yuan / ton, down 100 yuan
    .

    The Liansu 1805 contract oscillated sideways around the 10-day moving average, and the intraday position was significantly reduced, indicating that the holding mentality of both sides has been shaken
    .
    Fundamentally, the slow digestion of inventories and weak downstream demand have formed a certain suppression of futures prices, but crude oil fluctuates at a high level, and Asian ethylene prices may form support
    .

    Technically, the current upper moving average still has some pressure on the LLDPE1805 contract, but there are signs of a golden cross at the MACD low, and the KDJ indicator also has signs of turning from idle, indicating that there is still a rebound demand
    in the short term.
    Operationally, investors can operate
    in the range of 9150 to 9300.

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