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    Home > Chemicals Industry > New Chemical Materials > Liansu rebound is weak Downstream demand may weaken

    Liansu rebound is weak Downstream demand may weaken

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Wednesday, the Liansu L2009 contract rebounded weakly, closing at 6205 yuan / ton, -10 yuan from the previous trading day; Volume 623747 lots, -252960; position 356391 lots, -3229 lots, basis 590 yuan, +40 yuan; 5-9 spreads 105 yuan, -115 yuan
    .

    Continuous plastic

    News: Shenhua Coal Chemical Linear intraday bidding volume 1150 tons (1000 tons in the previous day) trading volume 150 tons (747 tons on the previous day), transaction rate of 13.
    04%; The low-pressure auction was 400 tons (457 tons in the previous day) and 100 tons (457 tons in the previous day), with a transaction rate of 25%.

    Xinjiang high-pressure auction 50 tons, 29 tons, the transaction rate of 58%.

    Spot market: Most of the domestic polyethylene market prices fell
    .
    Most of the opening prices of sales companies were stable, but futures were weak, the spot market sentiment returned to flat, most merchants' offers moved down, and only a few tight resources continued to rise
    slightly.
    As of the noon close, the North China market adjusted 30-400 yuan / ton; East China market fell 250-500 yuan / ton; The South China market fell 200-350 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 180 lots, +0 lots
    within the day.
    Main position: the top 20 long positions in the main contract are 218382 lots, -7280 lots, short positions are 266347 lots, -5848 lots, net positions are -52515 lots, net short increases
    .

    Summary: PE production decreased slightly last week, and polyolefin inventories in major domestic ports continued to fall, all of which provided some support
    to prices.
    However, in order to rectify fake masks and unqualified production enterprises, the state emphasizes that it is necessary to strictly supervise the export quality of medical epidemic prevention materials, and seriously investigate and deal with behaviors such as raising the price of epidemic prevention products and raw materials in accordance with the law
    .
    Standardize and rectify the mask and meltblown cloth market, and resolutely ban small workshops
    without formal production qualifications.
    The market is worried that with the banning and closure of many small businesses, downstream demand may weaken, which has suppressed
    prices to a certain extent.
    Operationally, investors hold short orders cautiously
    .

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