echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Liansu volatility went higher, and the trading volume shrank

    Liansu volatility went higher, and the trading volume shrank

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market conditions: Liansu volatility higher, L1909 opened at 7940 yuan / ton, the highest reported 8050 yuan / ton, the lowest reported 7915 yuan / ton, closed 8045 yuan / ton, +1.
    71% from the previous trading day; Volume 387612 lots, -237798 lots; Position 607424 lots, -12544 lots, basis 55 yuan, -55 yuan, 9-1 spread 75 yuan, 0 yuan
    .

    Continuous plastic

    News: According to Longzhong Information reported on the 20th: the inventory of polyethylene major ports decreased slightly, Shanghai port inventory was 290,200 tons, Huangpu port inventory was 80,100 tons, Tianjin port inventory was 62,100 tons, the total was 432,400 tons, down 07,900 tons
    from last week.

    Spot market: The focus of the domestic polyethylene market has shifted
    upward.
    Linear futures continued to rise, petrochemical companies raised their linear and high-pressure opening prices, and most of the low pressure was stable
    .
    The trading atmosphere in the spot market is better, and the merchants actively report high, with offers ranging from 50-200 yuan / ton, and the downstream wait-and-see follow-up, the digestion speed is acceptable
    .
    As of the morning close, the price in North China was 50-200 yuan / ton; East China rose by about 100 yuan / ton; South China rose by 50-200 yuan / ton; The southwest region rose slightly by 50 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 2959 lots; In the historical median area, +0 lots
    intraday.
    Main positions: The top 20 long positions in the main contract are 178041 lots, -300 lots, short positions are 213923 lots, -7941 lots, and net long positions are -35882 lots, +7641 lots
    .

    Summary: The intensification of the Sino-US trade war and the downstream demand for plastics generally suppress the price of continuous plastics, but the increase in equipment maintenance and the decline in the two oil inventories will support the price of LLDPE
    .
    Technically, the L1909 contract fluctuated higher, the trading volume shrank and decreased significantly, and the main position showed that the main position reduction of the long party was less than the main position reduction of the short force, and the long party was superior
    .
    The indicator MACD rebounds low, the green bar contracts, and the KDJ indicator lows with the golden cross up
    .
    Operationally, investors can hold long orders with caution
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.