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    Home > Chemicals Industry > New Chemical Materials > The low opening volatility of the continuous plastic futures shows that the bears have the advantage

    The low opening volatility of the continuous plastic futures shows that the bears have the advantage

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Thursday, Liansu L2201 contract reduced its position, and the futures price opened low and fluctuated, closing at 9535 yuan on the day, -240 compared with the previous trading day; The trading volume was 614205 lots, and the position was reported at 311450 lots, -12185; the basis was 165 yuan
    .

    Continuous plastic

    News: 1.
    The overall operating rate of agricultural film this week was -0.
    3%
    week-on-week.
    The price of agricultural film raw materials is high, and the price of agricultural film products has risen passively, but the transaction of high-priced agricultural film is rare, and the order follow-up of some enterprises is insufficient
    .
    At the same time, the orderly use of electricity in some areas has a certain impact
    on agricultural film production.
    2.
    Longzhong Information reported on October 14: The inventory of the two oils was 780,000 tons, an increase of 10,000 tons
    over the previous day.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9700 yuan / ton, -300 yuan
    .

    Warehouse receipt inventory: 4479 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 216613, -9014; short positions reported 224881, -6024
    .
    Increased
    headroom.

    Summary: Last week, the average operating rate of domestic polyethylene enterprises was 86.
    35%, up 0.
    42%
    compared with the previous cycle (September 24-September 30) data of 85.
    93%.
    The estimated output of polyethylene in October was 2.
    1261 million tons, +207,400 tons from the actual output of the previous month, +302,100 tons from the same period last year, and the average operating rate of PE downstream enterprises was 54%, down 1.
    5%
    from before the holiday.
    Affected by environmental protection, the start of enterprises has been restricted, and the start of construction has declined
    in some areas.
    The overall operating rate of agricultural film was -2.
    0%
    week-on-week.
    Small businesses are mainly sporadically started or shut down
    .
    The inventory of domestic PE production enterprises has increased significantly compared with the pre-holiday period, but it is still lower than the same period last year
    .
    It is rumored that power cuts have been relaxed in some areas, and most of the coal mines that stopped production in Shanxi have resumed production, and the supply may increase in the future, which is expected to suppress
    the price of LLDPE.
    The L2201 contract opened low and volatile during the day, and still closed negative at the end, indicating that the bears had the advantage
    .

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