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    Home > Chemicals Industry > New Chemical Materials > The price of continuous plastic futures fell slightly, and the upside of the price was suppressed

    The price of continuous plastic futures fell slightly, and the upside of the price was suppressed

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Monday, Liansu L2109 contract contracted and increased positions, and the futures price fell slightly, closing at 8080 on the day, -45 yuan from the previous trading day; The volume was 456156 lots, the position was reported 349185 lots, +15236, and the basis was 290 yuan
    .

    Continuous plastic

    News: 1.
    In 2020, although affected by global public health events, the production of domestic plastic products still increased by 3.
    67% compared with 2019, and there is still a big gap
    between China's per capita plastic consumption and developed countries in the world.
    The domestic plastic-to-steel ratio is only 30:70, which is less than the world average of 50:50, and far less than the 70:30
    of developed countries such as the United States.
    Professionals predict that in the next two years, China's plastic products demand is expected to maintain a growth rate of more than 10%, and it is expected that the revenue of China's plastic products manufacturing market will reach 3.
    29 trillion yuan
    in 2023.
    2.
    Longzhong Information reported on May 17: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 929 tons, the previous day's bidding volume was 893 tons, the intraday trading volume was 727 tons, and the previous day's trading volume was 161 tons
    .
    Shenhua low-pressure intraday bidding volume was 134.
    55 tons, the previous day's bidding volume was 134.
    55 tons, the intraday trading volume was 128 tons, and the previous day's trading volume was 0 tons
    .
    Xinjiang high-pressure intraday bidding volume was 116 tons, the previous day's auction volume was 84 tons, the intraday trading volume was 25 tons, and the previous day's trading volume was 64 tons
    .

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8300 yuan / ton, -0 yuan
    .

    Warehouse receipt inventory: 6056 warehouse receipts, +673 receipts
    .
    Main positions: Top 20 long positions 198983, +8024, short positions reported 245141, +7197
    .
    Reduced
    headroom.

    Summary: The average operating rate of polyethylene enterprises fell last week, production decreased, and the supply of PE market decreased
    .
    The inventory of production enterprises continued to decrease, and the inventory of social enterprises in East China also fell slightly, and was lower than the level of the same period last year
    .
    It shows that there is not much
    pressure on the supply side.
    Demand: The operating rate of PE downstream industries this week fell slightly from the previous week, of which agricultural film fell by 4.
    1%.

    It is expected to suppress the upside of the price, and the future market may test the support of the 7990 yuan line
    .
    In terms of operation, it is recommended that investors set a take profit for short orders in their hands and hold
    them cautiously.

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