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    Home > Chemicals Industry > New Chemical Materials > The price of continuous plastic futures rushed back down and paid attention to the 7770 first-line support

    The price of continuous plastic futures rushed back down and paid attention to the 7770 first-line support

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Wednesday, Liansu L2109 contract increased and reduced positions, and the futures price rushed back down, closing at 7815 on the day, -5 yuan from the previous trading day; The trading volume was 464348 lots, and the position was reported 342729 lots, -14979; the basis was 135 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on June 2: Shenhua coal chemical industry Shenhua Baotou line type auction volume today 822.
    25 tons, yesterday's bidding volume 710 tons, today's trading volume 782.
    25 tons, yesterday's trading volume 657 tons
    .
    Shenhua Low Pressure bid 241.
    075 tons today, 160 tons yesterday, 192 tons today, 0 tons
    yesterday.
    Xinjiang High Pressure bid 50 tons today, 50 tons yesterday, 50 tons today, and 30 tons
    yesterday.
    2.
    According to Longzhong statistics, the output of polyethylene in May 2021 was 1,878,900 tons, an increase of 119,400 tons from the previous month and an increase of 272,100 tons over the same period last year, including 232,700 tons of high pressure, 831,000 tons of low pressure and 815,200 tons
    of linearity.
    The apparent consumption of PE in April 2021 was 2.
    9243 million tons, down 18.
    17%
    from the previous month.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7950 yuan / ton, +50 yuan
    .

    Warehouse receipt inventory: 6987 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 196986, -8790; short positions reported 236119, -4742
    .
    Increased headroom

    Summary: The average operating rate of polyethylene enterprises fell back last week, PE production increased, and market supply increased
    .
    This week, the operating rate of PE downstream industries has generally decreased
    from the previous week.
    Among them, the decline of hollow enterprises is particularly obvious, while the operating rate of film enterprises has rebounded
    slightly.
    The inventory of production enterprises continued to decrease, and the inventory of East China also fell slightly, indicating that the pressure on the supply side is not large
    .
    In addition, the National Council twice talked about the commodity price issue triggering the market's expectations for price control, which is expected to suppress the upside of the line line, and Guangdong's peak shifting production is also expected to affect the PE downstream industry
    .
    Today's L2109 contract rushed back down, indicating that there is still pressure
    above.
    The future market pays attention to the support of the 7770 line
    .

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