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    Home > Chemicals Industry > New Chemical Materials > The price of consecutive plastic futures fluctuated lower, indicating that the pressure above is still there

    The price of consecutive plastic futures fluctuated lower, indicating that the pressure above is still there

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Monday, Liansu L2109 contract reduced its position, and the futures price fluctuated lower, closing at 8165 on the day, -180 yuan from the previous trading day; The volume was 424648 lots, and the position was reported 306683 lots, -3926; the basis was 135 yuan
    .

    Continuous plastic

    News: In January and June, China's PE output was about 188.
    82 tons, an increase of 09,300 tons, or 0.
    50%, from May, and 405,400 tons, an increase of 27.
    34%,
    over the same period last year.
    In June 2021, the apparent consumption of domestic PE was 2,884,200 tons, an increase of -1.
    47% from -43,100 tons in May, and -410,000 tons, an increase of -12.
    45%
    compared with the same period last year.
    From January to June 2021, the apparent consumption of domestic PE was 18.
    6045 million tons, +467,600 tons or 2.
    58%
    over the same period last year.
    2.
    In June 2021, China imported a total of 1.
    0377 million tons of PE, a decrease of 88,200 tons from the previous month, and -792,000 tons from the same period last year, and from January to June 2021, China imported a total of 7.
    6196 million tons, an increase of 12.
    4%
    over the same period last year.
    Domestic PE exports in June were 41,700 tons, -35,800 tons month-on-month, +23,400 tons year-on-year, and from January to June 2021, domestic exports totaled 27.
    98 tons, +148,600 tons from the same period last year, an increase of 113.
    21%.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8300 yuan / ton, -50 yuan
    .

    Warehouse receipt inventory: 5447 warehouse receipts, +0 receipts
    .
    Main positions: the top 20 long positions 196593, +1574; short positions at 223980, -2707
    .
    Reduced
    headroom.

    Summary: With the annual overhaul of Jiutai and China Coal Mengda, the average operating rate of polyethylene enterprises fell last week, and the supply of polyethylene polyethylene decreased
    .
    The operating rate of PE downstream industries was basically unchanged from the previous week, of which agricultural film and hollow enterprises increased, while pipe, injection molding and packaging film industries declined
    .
    Inventories by production companies have risen, indicating an increase
    in market supply.
    The intraday L2109 oscillation was lower, indicating that the upper pressure remained
    .

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