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    Home > Chemicals Industry > New Chemical Materials > Liansu rebound is blocked, and downstream demand has not fully recovered

    Liansu rebound is blocked, and downstream demand has not fully recovered

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Wednesday, the rebound of the Liansu L2005 contract was blocked, and the futures price closed at 6720 yuan / ton, -35 yuan from the previous trading day; Volume 177484 lots, -149406 lots; Position 245332 lots, -1601 lots, basis 180 yuan, yuan; 5-9 spreads - 110 yuan, +10 yuan
    .

    Continuous plastic

    News: Two barrels of plastic oil stocks on March 11 were 1.
    27 million tons, down 10,000 tons
    from Monday.

    Shenhua Coal Chemical Linear intraday auction volume was 960 tons, trading volume 306 tons, transaction rate 31.
    88%, high-pressure auction 282.
    45 tons, trading volume 32.
    45 tons, transaction rate 11.
    49%, low-pressure auction 400 tons, transaction volume 10 tons, transaction rate 2.
    5%, Xinjiang high-pressure auction 100 tons, transaction rate 100 tons, transaction rate 10%.

    Spot market: The domestic polyethylene market adjusted
    slightly.
    The opening price of the main regional sales company is mixed, with a range of 50-100 yuan / ton
    .
    Merchants hold a wait-and-see attitude, the offer is partially adjusted, and the atmosphere of downstream enterprises taking goods is acceptable
    .
    As of the noon close, the North China market rose 50-100 yuan / ton; East China market adjustment of 50 yuan / ton; The linear part of the South China market rose by 100 yuan / ton
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 1588 lots, intraday -0 lots
    .
    Main position: The top 20 long positions in the main contract are 143436 lots, -993 lots, short positions are 180951 lots, +50 lots, net positions are -37515 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 the crude oil rebound has been blocked, showing that the upward pressure is still large, which suppresses
    the linear price to a certain extent.
    However, Shenhua's online auction volume has rebounded from the previous day, indicating that downstream demand has rebounded
    , which has supported prices.
    The future market focuses on whether the rebound trend of crude oil can be continued
    .
    Operationally, it is recommended that investors wait and see for the time being
    .

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