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Market situation: On Monday, the main contract of Liansu L2005 rushed back down, and the futures price closed at 7405 yuan / ton, +30 yuan from the previous trading day; Volume 420762 lots, -39436 lots; Position 746990 lots, -14612 lots, basis -55 yuan, -30 yuan; 1-5 spreads -155 yuan, -30 yuan
.
News: Polyolefin inventories in major domestic ports were stable last week, with a total inventory of 215,400 tons as of December 27, unchanged from last week and down 31,300 tons
from the same period last year.
Spot market: The domestic polyethylene market is volatile and narrow.
The prices of the main regional sales companies are basically stable
.
Linear futures rose, there were not many resources in the spot market, the linear offer part of the merchant rose slightly, and the rest did not adjust much
.
As of the noon close, the North China market was narrowly adjusted by 50-150 yuan / ton, and the East China and South China markets were temporarily stable
.
Warehouse receipt inventory: exchange warehouse receipts reported 1391 lots, +160 lots
within the day.
Main position: The top 20 long positions in the main contract are 196540 lots, -8981 lots, short positions are 272567 lots, -4651 lots, net positions are -76027 lots, net short increases
.
Summary: Asian market demand is lukewarm, and participants are on the sidelines
amid economic uncertainty.
In India, where demand is stable, production of tarpaulins in India has already begun, with the Philippines restarting its 2 polyethylene plants and 1 polypropylene plant
in Batangas at the end of December.
The average operating rate of domestic polyethylene enterprises has rebounded
.
The overall operating rate of downstream agricultural film enterprises decreased month-on-month, indicating that downstream demand has slowed down, and the total storage volume of PE of two barrels of oil decreased slightly, with a week-on-week decrease of 4.
20%.
The first phase of the Sino-US trade agreement, while the commodities on the second exclusion list have little impact on the market conditions, and the strong trend of crude oil has supported LLDPE to some extent
.
Overall, LLDPE is currently struggling
with long and short.
In terms of operation, investors have more orders in their hands to settle on the high, and it is appropriate
to wait and see in the short term.
