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LLDPE volatility closed lower and maintained range volatility

 Last Update: 2022-12-04
 Source: Internet
 Author: User

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Today, the LLDPE1705 contract closed down in shock, opening at 10,300 yuan / ton, the highest 10,380 yuan / ton, the lowest to 10,150 yuan / ton, closing at 10,230, down 125, a daily decline of 1.
21%, the trading volume decreased to 380,200 lots, and the position decreased by 44,074 lots to 296,600 lots
.

LLDPE

Raw material prices: Japan naphtha CF Japan reported 516.
75 yuan / ton, up 4.
12; naphtha FOB Singapore reported 56.
23 US dollars / barrel, up 0.
49
.
Ethylene CFR Northeast Asia is not quoted, CFR Southeast Asia is not quoted
.

Spot prices: foreign spot market prices are basically flat, and Far East is flat at $1130 / ton; The Middle East was flat at $1118/mt
.
Market prices rose slightly, North China Daqing reported 9950 yuan / ton, flat; East China Yuyao Jilin Petrochemical 10,150 tons, flat; South China News 10150 yuan / ton, flat
.
Northwest Dushanzi reported 9950 yuan / ton, unchanged
.

At the end of the year, the source of imported goods increased, the port inventory level rose, but short-term by the price increase, social inventory slightly declined, as the Spring Festival approached the downstream and logistics companies also gradually holiday, petrochemical equipment normal start, it is expected that petrochemical inventory will slowly increase, price increase momentum is limited
.
Technically, the LLDPE1705 contract closed in volatility, short-term lower test of support around 10000, upper test of pressure around 10350, short-term or maintain 10000-10350 range volatility recommended range trading
.

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