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    Home > Chemicals Industry > New Chemical Materials > Liansu rebounded slightly and maintained the range-bound pattern

    Liansu rebounded slightly and maintained the range-bound pattern

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Market conditions: Liansu rebounded slightly, L2001 main contract rose slightly, and the futures price closed at 7290 yuan / ton, +35 yuan from the previous trading day; Volume 397404 lots, -145406 lots; Position 642392 lots, +12620 lots, basis -20 yuan, -45 yuan; 1-5 spread 95 yuan, -0 yuan
    .

    Continuous plastic

    News: Lanzhou Petrochemical's 200,000-ton high-voltage plant produced 2426H, and the 60,000-ton old full-density plant was stopped on May 17, 2013 due to insufficient raw material supply, and has not been restarted
    .
    The 300,000-ton full-density unit stopped on the 29th, and it is currently not in operation, and it plans to produce 6096 and 6097
    after driving.
    The old line of 170,000 tons of low-voltage equipment produces 5000S, and the new line produces 5000S
    .

    Spot market: The domestic polyethylene market is mixed
    .
    In terms of petrochemicals, the sales company's low-pressure and high-pressure opening prices were partially reduced, with a range of about 100 yuan / ton
    .
    Linear futures fluctuated slightly, merchants were cautious, offers were slightly adjusted, downstream factories took goods on demand, and real prices were mixed
    .
    As of the noon close, the North China market adjusted around 50 yuan / ton; East China market adjustment 50-100 yuan / ton; The South China market is mainly
    consolidated.

    Warehouse receipt inventory: exchange warehouse receipt reported 1283 lots, intraday - 79 lots; In the historical median zone
    .
    Main position: the top 20 long positions in the main contract are 208098 lots, -774 lots, short positions are 217228 lots, +4021 lots, net positions are -9130 lots, net short increases
    .

    Summary: Crude oil stopped falling and rebounded, the Sino-US trade dispute showed signs of easing, and after entering late October, the downstream demand for plastics gradually recovered
    .
    This has some support for LLDPE, however, the International Monetary Fund lowered the global economic growth rate in 2019 to 3%, the lowest growth rate in 10 years, which hit market confidence, and the second round of environmental inspections opened, downstream enterprises were cautious in purchasing, and domestic PE social inventories rebounded
    slightly.
    In addition, ethylene prices in Asia also maintained their trend and continued to weaken, which is expected to suppress
    LLDPE.
    It is expected that Liansu may maintain a range-bound pattern
    .
    In terms of operation, investors have a short order in their hands to reduce their holdings and drop their pockets
    .

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