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    Home > Chemicals Industry > New Chemical Materials > The price of continuous plastic futures fluctuated lower, and the trend weakened

    The price of continuous plastic futures fluctuated lower, and the trend weakened

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Wednesday, Liansu L2105 contract reduced its position, and the futures price fluctuated lower, closing at 8765 yuan on the day, -345 yuan from the previous trading day; The volume was 575373 lots, the position was reported 266312 lots, -21674, and the basis was 285 yuan
    .

    Continuous plastic

    News: 1.
    Despite the recovery of U.
    S.
    exports, overseas markets still expect polyethylene prices to remain high
    .
    The spot price of LDPE, Europe's main indicator, climbed to an all-time high of 1,800 euros/mt ($2,139) FD NWE on March 9
    .
    Dow Chemical said March 9 that the price of all polyethylene resin it sells in the United States will increase by 9 cents/pound ($200/ton)
    starting in April.
    2.
    Longzhong Information reported on March 10: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 2136 tons, the previous day's bidding volume was 1716 tons, the intraday trading volume was 206 tons, and the previous day's trading volume was 851 tons
    .
    Shenhua low pressure intraday bidding volume of 300 tons, previous day's bidding volume of 300 tons, intraday trading volume of 300 tons, previous day's trading volume of 300 tons

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9050 yuan / ton, +0 yuan
    .
    Warehouse receipt inventory: 1595 warehouse receipts, +50 sheets
    .

    Main positions: Top 20 long positions 158466, -12442; short positions reported 200057, -16728
    .
    Reduced
    headroom.

    Summary: It is rumored that some chemical companies in Texas have resumed production, but it will take time to fully resume work, and there are also equipment shutdowns in Asia for maintenance, and the supply in overseas markets is still tight
    .
    The spot price of LDPE, Europe's main indicator, climbed to an all-time high of 1,800 euros/mt ($2,139) FD NWE on March 9
    .
    Dow Chemical said March 9 that the price of all polyethylene resin it sells in the United States will increase by 9 cents/pound ($200/ton)
    starting in April.
    Domestically, the operating rate of domestic polyethylene manufacturers is still at a high level, and the market supply is sufficient
    .
    Some downstream enterprises have resumed work, but the operating rate is still not as good as the same period of previous years, and the inventory of major domestic ports has rebounded and is higher than the same period last year
    .
    At present, the price of Liansu has broken through the support of the short-term moving average, and the trend has weakened
    .
    In operation, investors can set the take profit for short orders in their hands and hold
    them cautiously.

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