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    Home > Chemicals Industry > New Chemical Materials > The price of continuous plastic futures fluctuated lower, and downstream demand shrank slightly

    The price of continuous plastic futures fluctuated lower, and downstream demand shrank slightly

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Thursday, Liansu L2109 contract reduced its position, and the futures price fluctuated lower, closing at 8205 on the day, -90 yuan from the previous trading day; The volume was 604297 lots, the position was reported 330672 lots, -7914, and the basis was 145 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on May 13: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 900 tons, the previous day's bidding volume was 850 tons, the intraday trading volume was 448 tons, and the previous day's trading volume was 850 tons
    .
    Shenhua low-pressure intraday bidding volume was 134.
    55 tons, the previous day's bidding volume was 200.
    55 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 66 tons
    .
    Xinjiang high-pressure intraday bidding volume was 84 tons, the previous day's bidding volume was 52 tons, the intraday trading volume was 64 tons, and the previous day's trading volume was 0 tons
    .
    2.
    The PE inventory of domestic polyethylene enterprises (oil + coal) fell this week, down 1.
    81%
    from last week.
    In terms of varieties, LDPE inventories fell by 2.
    56%; HDPE inventories fell 0.
    05%; LLDPE inventories fell 3.
    52%.

    Two barrels of oil PE inventories edged lower, down 1.
    77%
    from last week.
    Sinopec's PE inventory fell by 11.
    97%; CNPC PE inventories rose 2.
    62%.

    PE inventories of coal-based enterprises fell slightly, down 1.
    89%
    from last week.

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

    Warehouse receipt inventory: 4155 warehouse receipts, +58 sheets
    .
    Main positions: Top 20 long positions 186396, -4065; short positions reported 244909, -7838
    .
    Reduced
    headroom.

    Summary: Polyethylene production last week totaled 424,600 tons, an increase of 5.
    17% over the previous week, and market supply increased
    .
    Demand: Demand for agricultural film has entered the off-season, and production will continue to decrease
    compared with April.
    In terms of pipes, May is still the traditional small peak season for pipe demand, and it is expected that the overall operating load of downstream enterprises will continue to rise
    .
    Some injection molding downstream factories reported insufficient follow-up of order demand, and the start of work decreased
    slightly.
    Overall, downstream demand for PE shrank
    slightly.
    Two barrels of oil and petrochemical inventories recovered slightly, but remained below the same period last year, indicating little pressure on the supply side
    .
    It is expected that the market will test the support of the 8,000 yuan line in the future
    .

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