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    Home > Chemicals Industry > New Chemical Materials > The price of continuous plastic futures fell slightly, and the price remained strong

    The price of continuous plastic futures fell slightly, and the price remained strong

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Tuesday, the L2109 contract contracted and reduced its position, and the futures price fell slightly, closing at 8170 on the day, -10 yuan from the previous trading day; The volume was 410587 lots, the position was reported 381194 lots, -1550, and the basis was 30 yuan
    .

    Continuous plastic

    News: 1.
    Many international companies said that they will raise the price of
    PE and PP products in July.
    Among them, ExxonMobil said that from July 1, it will implement an additional $0.
    05 per pound price increase
    for all HDPE, LDPE, LLDPE polyethylene resins.
    Dow: Raise the price of all polyethylene resins sold in the U.
    S.
    by $0.
    05/lb
    starting July 1 or if the contract allows.
    Ineos: HDPE prices rose by $0.
    03/lb (about 428 yuan/ton), effective
    from July 1.
    Asahi Kasei: PE and other products will be raised by more than 15 yen/kg (about 882 yuan/ton) from July 1
    .
    Toho Co.
    , Ltd.
    : From July 15, 2021, the price of all polyethylene resin products will be increased by 12 yen/kg (about 700 yuan/ton).

    2.
    Maoming Petrochemical's 220,000 tons/year full-density plant was stopped unplanned on June 27, and according to the current plan, it was stopped until mid-July, and then produced metallocene products
    .
    Due to the shutdown of Maoming Petrochemical's full-density plant, the market supply of Maoming 7042 has decreased, and the offer price has risen sharply, which is about
    500 yuan / ton higher than that in other regions (East China and North China 7042).
    In July, the Maoming 7042 market was poorly supplied, and the price remained firm
    .

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8200 yuan / ton, +50 yuan
    .

    Warehouse receipt inventory: 5559 warehouse receipts, -0 receipts
    .
    Main positions: Top 20 long positions 241292, +603; short positions reported 265543, -2153
    .
    Reduced headroom

    Summary: Last week, the average operating rate of polyethylene enterprises fell slightly, polyethylene production decreased, and the inventory of production enterprises declined, indicating that the pressure on the supply side is not large
    .
    The operating rate of PE downstream industries continued to increase from the previous week, and the operating rate of agricultural film, packaging film and hollow industries rebounded, but pipe and injection molding fell
    slightly.
    In addition, the trend of crude oil has weakened in the previous day, which is expected to form a certain pressure
    on the price of Liansu.
    The intraday L2109 contract retreated slightly, indicating some pressure
    above 8200.

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