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The price of continuous plastic futures will remain range-bound in the short term

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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On Monday, the L2105 contract contracted and reduced its position, and the futures price soared and fell, closing at 7865 yuan on the day, -105 yuan compared with the previous trading day; The volume was 374222 lots, the position was reported 304108 lots, -14171, and the basis was 185 yuan
.

Continuous plastic

News: 1.
As of January 29, 2021, the total inventory of polyolefin samples in major domestic ports was 263,600 tons, down from last week's inventory and down 85,800 tons
from last year.
2.
Shenhua Coal Chemical Industry Shenhua Baotou Line Type has a bidding volume of 550 tons today, a bidding volume of 897 tons yesterday, a trading volume of 417 tons today, and a trading volume of 40 tons yesterday

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8050 yuan / ton, +0 yuan
.
Warehouse receipt inventory: 923 warehouse receipts, -sheets
.
Main positions: Top 20 long positions 101083, -10772; short positions reported 223824, -1611
.
Increased
headroom.

Summary: In February, PE maintenance equipment remained low, the weekly average operating rate of polyethylene rebounded, and the overall market supply began to recover
.
However, the Spring Festival holiday is approaching, or many companies need to prepare materials, and the petrochemical inventory of the two barrels of oil continues to remain low, and the operating rate of downstream products fell last week, indicating that downstream demand may be reduced
as the Spring Festival approaches.
At present, the fundamentals are intertwined, and it is expected that the range shock pattern will be maintained in the short term, and in terms of operation, it is recommended that investors operate in the 7700-8000 range
.

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