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    Home > Chemicals Industry > New Chemical Materials > Liansu reduced its position and rebounded slightly higher than the previous trading day

    Liansu reduced its position and rebounded slightly higher than the previous trading day

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Lianplastic reduced positions rebounded, L1909 opened at 7890 yuan / ton, the highest was 7970 yuan / ton, the lowest was 7865 yuan / ton, and the close was 7900 yuan / ton, +1.
    02% from the previous trading day; Volume 394502 lots, -13208 lots; Position 629978 lots, -10470 lots, basis 150 yuan, +40 yuan, 9-1 spread 80 yuan, +0 yuan
    .

    Continuous plastic

    News: Shenhua online PP auction data shows that polypropylene auctioned 2,852 tons (2,650 tons in the previous trading day) and traded 2,739 tons (2,220 tons in the previous trading day).

    Some goods were traded 40--160 yuan higher than the reserve price, and some models were sold 290 yuan higher than the reserve price
    .
    The linear auction was 835 tons (895 tons in the previous trading day), 831 tons were traded (8520 tons in the previous trading day), some commodities were traded 40--100 yuan higher than the reserve price, and some models were 190 yuan
    higher.

    Spot market: The focus of the domestic polyethylene market has shifted
    upward.
    In terms of enterprises, the high-pressure, linear opening price of mainstream regional sales companies has been raised, with a range of 50-100 yuan / ton
    .
    Linear futures rose, there were not many merchant resources at the end of the month, the offer actively followed the rise, the downstream took goods on demand, and the real negotiation was concluded
    .
    As of the morning close, North China rose 50-200 yuan / ton; East China rose by about 100 yuan / ton; South China rose 50 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 2106 lots; In the historical median zone, intraday -35 lots
    .
    Main positions: The top 20 long positions in the main contract are 184367 lots, -4885 lots, short positions are 226038 lots, -5198 lots, and net long positions are -41671 lots, +313 lots
    .

    Summary: The high level of crude oil falls, the Sino-US trade war intensifies, and the downstream demand for plastics generally suppresses the price of Liansu, but the increase in equipment maintenance and the decline in the two oil inventories will support the price of LLDPE
    .
    Technically, the L1909 contract rose slightly, the trading volume has decreased, and the position has shrunk sharply, and the main position shows that the main position reduction of the long party is less than the main position reduction of the short force, and the long party has the advantage
    .
    The indicator MACD showed signs of a low golden cross, a red bar appeared, and the KDJ indicator also edged up, indicating an increase
    in bullish strength.
    In terms of operation, investors set a take profit in their hands and hold
    it cautiously.

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