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    Home > Chemicals Industry > New Chemical Materials > LLDPE volatility closed higher short-term price oversold rebound

    LLDPE volatility closed higher short-term price oversold rebound

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Today, the LLDPE1705 contract closed up in shock, opening at 9300 yuan / ton, the highest 9390 yuan / ton, the lowest to 9265 yuan / ton, closing at 9390, up 110, a daily increase of 1.
    19%, the trading volume increased to 450,100 lots, and the position decreased by 12,146 lots to 349,600 lots
    .

    LLDPE

    Raw material prices: Japan naphtha CF Japan reported 465.
    88 yuan / ton, up 4.
    13; naphtha FOB Singapore reported 50.
    24 US dollars / barrel, up 0.
    5
    .
    ethylene CFR Northeast Asia 1210 US dollars / ton, flat; CFR Southeast Asia was flat at $1,100/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
    .
    Market prices rose slightly, with North China Daqing reporting 9400 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9500 tons, flat; South China reported 9750 yuan / ton, up 250
    .
    Northwest Dushanzi reported 9400 yuan / ton, unchanged
    .

    News side: 1, :P E Sinopec Central China Linear: Zhongyuan 7042/7050/9088 9400, Wuhan 35B/34 9400 benchmark price
    .

    In the middle and late March of recent months, although the maintenance of the device gradually increased, the downstream rigid demand rebounded slightly, but the short-term social inventory digestion was slow, still maintained a high level, short-term price over-fall rebound, but the market supply and demand side is poor, and the price upside is expected to be limited
    .
    Technically, LLDPE1705 contract volatility closed higher, short-term upper test of pressure around 9600, lower test of support around 9200, short-term over-bearish rebound, expected futures price to maintain in the 9200-9600 range of strong oscillation, recommended range bargain long
    .

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