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The narrow range of continuous plastic short oscillations indicates that there are funds leaving the market

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

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naphtha price

oil trading price

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Liansu 1901 contract opened at 9400 yuan, the highest to 9445 yuan, the lowest to 9365 yuan, closed at 9395 yuan, up 30 yuan, or 0.
32%, the volume was 282826, the position decreased by 5954 lots, and the 435068 lots
.

Continuous plastic

News side: PE market: North China market quotations are mixed today, driven by futures, coal chemical industry linear rise of about 50 yuan / ton, low pressure down about 50 yuan / ton, high pressure up about
50-100 yuan / ton.
The price in East China and South China has not changed much and is relatively stable
.

Raw material price: naphtha CF Japan reported 682.
75 US dollars / ton, down 0.
60%; FOB Singapore was trading at $74.
04 a barrel, down 0.
55%.

ethylene CFR Northeast Asia 1300 US dollars / ton, flat; CFR Southeast Asia was trading at $1195 a tonne, up $0.
5
.

Spot price: Southeast Asia was flat at $1110; Far East reported 1090 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9550 yuan, flat; East China Yuyao reported 9,500 yuan, flat; South China Guangzhou 9700 yuan, flat; Northwest Dushanzi 9600 yuan, flat
.

The Liansu 1901 contract fluctuated in a narrow range, and the position continued to decrease, indicating that funds were out of the market
.
Fundamentally, spot prices are stable, and the slow recovery of downstream demand supports it, but the decline in Asian ethylene has put some pressure
on futures prices.
Technically, the MACD indicator is flat at a low level, the green column is shortened, the KDJ indicator is low and upward, and the technical pattern has improved
.
Operationally, investors can set a stop loss in their hands and hold
them cautiously.

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