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    Home > Chemicals Industry > New Chemical Materials > Liansu upward resistance pay attention to the support below

    Liansu upward resistance pay attention to the support below

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Wednesday, the upward trend of the Liansu L2009 contract was blocked, closing at 6650 yuan / ton, +45 yuan from the previous trading day; Volume 363599 lots, +26816, position 355677 lots, -500 lots, basis 100 yuan, +60 yuan; 9-1 spread 10 yuan, -20 yuan
    .

    Continuous plastic

    News: Two oil stocks of 755,000 tons, down 40,000 tons
    from yesterday.
    Shenhua Coal Chemical Baotou Linear Auction Volume Today was 850 tons, yesterday's auction volume was 750 tons, today's trading volume was 850 tons, and yesterday's trading volume was 430 tons
    .
    Shenhua Low Pressure bid 775 tons today, 835 tons yesterday, 437 tons today, and 405 tons
    yesterday.
    Xinjiang High Pressure bid 50 tons today, 50 tons yesterday, 0 tons today, and 50 tons yesterday

    Spot market: The domestic polyethylene market is mixed
    .
    The low-pressure part of the sales bill in the main region was raised by 100-200 yuan / ton, the market offer was adjusted with it, the downstream demand became weaker than the previous period, the resistance to high prices was obvious, and the real transaction was general
    .
    As of the midday close, the North China market was adjusted by 50-150 yuan / ton, and most of the East China/South China market rose 50-100 yuan / ton
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 270 lots, today -0 lots
    .

    Main position: The top 20 long positions in the main contract are 228131 lots, +8003 lots, short positions are 253199 lots, -1797 lots, and the net position is -25068 lots, with a decrease
    in net space.

    As the overseas epidemic has eased, the deregulation of many countries has boosted market confidence, and the extension of production cuts by major oil-producing countries has also supported the market
    .
    Fundamentally, the significant increase in cracker production in Asia in June is expected to weigh on
    ethylene prices.
    The operating rate of downstream enterprises fell slightly, indicating that the recovery of downstream demand is insufficient, which is expected to put some pressure
    on domestic prices.
    However, the maintenance volume of domestic PE equipment in June increased compared with May, and the market supply may decrease
    accordingly.
    The recovery of Shenhua net auction volume also supported the price, and the future market focused on the support of the lower moving average
    .

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