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Market supply will gradually increase, and continuous plastic shock will close down

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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crude oil price history

crude oil live

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On Tuesday, the Liansu L2101 contract closed down in volatility, closing at 7360 on the day, -50 yuan from the previous trading day; The trading volume was 255220 lots, the position volume was reported 267167 lots, -3082, and the basis was 40 yuan
.

Continuous plastic

News: 1.
According to Longzhong statistics, the two oil stocks are 745,000 tons, down 35,000 tons
from yesterday.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7400 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 2291 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 176714, -2807, short positions 183958, -3727
.

Summary: The operating rate of downstream agricultural film enterprises has rebounded, and the recent polyolefin inventory in major domestic ports has remained in the historically low area, and the two barrels of oil and petrochemical inventory are also in the low area of the past few years, indicating that the short-term supply pressure is not large
.
However, crude oil is weakly adjusted in the short term, and PE has a new device and a production plan in September, and the equipment for later maintenance is gradually reduced, and it is expected that the market supply will gradually increase, which will suppress plastic prices to a certain extent
.
In operation, it is recommended to back the 7500 line light short position, stop loss 7550
.

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