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    Home > Chemicals Industry > New Chemical Materials > Liansu's upward trend is blocked, and it is appropriate for investors to wait and see for the time being

    Liansu's upward trend is blocked, and it is appropriate for investors to wait and see for the time being

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: Liansu upward resistance, L1909 opened 7890 yuan / ton, the highest report was 7915 yuan / ton, the lowest was 7800 yuan / ton, and the close was 7810 yuan / ton, -1.
    64% from the previous trading day; Volume 397556 lots, -210416 lots; Position 641544 lots, +12350 lots, basis 240 yuan, +45 yuan, 9-1 spread 65 yuan, +10 yuan
    .

    Continuous plastic

    News: According to Longzhong Information's statistics, the total inventory of PE of the two barrels of oil this week fell widely, with a week-on-week decline of 19.
    98%, and a year-on-year increase of 1.
    10%.

    Among them, Sinopec's PE inventory decreased by 19.
    22% week-on-week; CNPC PE inventories decreased by 20.
    40%
    week-on-week.
    Coal chemical enterprises shipped smoothly, and inventory decreased by 27.
    05%
    week-on-week.
    Trader PE inventories decreased by 27.
    24%
    month-on-month.

    Spot market: domestic polyethylene market prices have fallen
    .
    The opening price of the main regional sales company was partially reduced, the range was 50-100 yuan / ton, linear futures fell, the spot market transaction was not smooth, most merchants underreported, and the market transaction center shifted downward, ranging from
    50-100 yuan / ton.
    As of the morning close, North China fell 50-200 yuan / ton; East China fell 50-100 yuan / ton; South China is temporarily stable
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 2487 lots; In the historical median zone, intraday -252 lots
    .
    Main positions: The top 20 long positions in the main contract are 191426 lots, +4968 lots, short positions are 227190 lots, -931 lots, and net long positions are -35764 lots, +5899 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 fluctuated lower, the trading volume shrank sharply, and the position increased significantly, the main position showed that the main force of the long party increased the position, the main force of the short force reduced the position, and the long party prevailed
    .
    The indicator MACD is flat low, the green bar is flat, and the KDJ indicator shows signs
    of a median turn downward.
    Operationally, it is advisable
    for investors to wait and see for the time being.

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