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    Home > Chemicals Industry > New Chemical Materials > LLDPE volatility closed higher and increased positions

    LLDPE volatility closed higher and increased positions

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Today, the LLDPE1705 contract closed up in shock, opening at 9605 yuan / ton, the highest 9650 yuan / ton, the lowest to 9545 yuan / ton, closing at 9625, up 5, a daily increase of 0.
    05%, the trading volume increased to 508,900 lots, and the position increased by 31,378 lots to 411,600 lots
    .

    LLDPE

    Raw material prices: Japan naphtha CF Japan reported 500.
    25 yuan / ton, down 8.
    5; naphtha FOB Singapore reported 54.
    48 US dollars / barrel, down 0.
    73
    .
    ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1145/mt
    .

    Spot price: The foreign spot market price is basically flat, the Far East reported 1130 yuan / ton, flat, the Middle East reported 1118 yuan / ton, flat
    .
    The market price was basically flat, North China Daqing reported 9650 yuan / ton, down 100; East China Yuyao Jilin Petrochemical 9750 tons, down 100; South China reported 9850 yuan / ton, down 50
    .
    Northwest Dushanzi reported 9700 yuan / ton, unchanged
    .

    News: 1.
    On March 1, some petrochemical stocks in the four major regions were about 72,000 tons, a decrease of about 10,000 tons, or about 12.
    3%, compared with the inventory on February 22, the previous statistical day
    .
    Affected by the policy of mandatory completion of monthly tasks by petrochemical at the end of February, the total amount of petrochemical inventories fell significantly
    .
    The average operating rate this week rose 1% from the previous statistical period to around
    97%.
    2.
    The guidance price of CNPC North China Company is 100
    lower than the listed price.

    In the short term, in the continuous market decline environment, downstream enthusiasm for taking goods is weak, although the inventory has declined slightly, but the overall supply pressure is still large, petrochemical lowered the factory price, heard that Pucheng clean energy reduced the operating rate, takeaway methanol, market supply pressure or slightly eased, pay attention to the downstream willingness to receive goods and inventory digestion ability after the price decline, short-term futures prices are expected to maintain low volatility
    .
    Technically, the LLDPE1705 contract closed slightly higher, testing pressure around 9750 above, testing the first support level of 9500 below, and short-term expected to remain in the 9500-9750 range, recommended range trading
    .

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