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The price of continuous plastic period opened low and rebounded, and it is expected that there are still adjustment requirements in the short term

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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On Wednesday, Liansu L2109 contract reduced its position, and the futures price opened low and rebounded, closing at 8070 on the day, -40 yuan from the previous trading day; The volume was 318673 lots, the position was reported 244514 lots, -7974, and the basis was 30 yuan
.

Continuous plastic

News: 1.
Lanzhou Petrochemical Changqing ethane to ethylene project 800,000 tons/year ethylene plant from August 2 at 10:58 a.
m.
to start-up, after nearly 28 hours of production and operation, on August 3 at 14:50 production production products produced qualified ethylene products
.
The project is mainly composed of
800,000 tons/year ethane cracking to ethylene plant and downstream supporting 400,000 tons/year high-density polyethylene, 400,000 tons/year full-density polyethylene, 30,000 tons/year butene-1/hexene-1 flexible switching device and related public works and supporting auxiliary facilities.
2.
Longzhong Information reported on August 4: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 560 tons, the previous day's bidding volume was 530 tons, the intraday trading volume was 180 tons, and the previous day's trading volume was 150 tons
.
Shenhua low-pressure intraday bidding volume is 100 tons, the previous day's bidding volume is 0 tons, the intraday trading volume is 33 tons, and the previous day's trading volume is 0 tons
.
Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's auction volume is 0 tons, the intraday trading volume is 0 tons, and the previous day's trading volume is 0 tons
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8100 yuan / ton, -50 yuan
.

Warehouse receipt inventory: 5307 warehouse receipts, -60 sheets
.
Main positions: Top 20 long positions 159849, -10946; short positions reported 174506, -4976
.
Increased
headroom.

Summary: The average operating rate of polyethylene enterprises rebounded last week, and the supply of polyethylene polyethylene increased
.
The operating rate of various downstream industries of PE increased slightly from the previous week, among which agricultural film and packaging film enterprises rose, pipe companies operated steadily, and injection molding and hollow industries declined
.
Inventories by production companies have risen, indicating that market supply is slightly greater than demand
.
L2109 opened low and rebounded during the day, but the strength was not large, and it is expected that there are still adjustment requirements
in the short term.

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