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The price of the continuous plastic period fluctuated at a high level, and the short-term bullish pattern has not changed

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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high density plastic

short term incentive

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On Monday, Liansu L2201 contract increased its position, the futures price fluctuated at a high level, and the day closed at 10,000 yuan, +165 from the previous trading day; the trading volume was 661565 lots, and the position volume was reported 351979 lots, +21096; the basis was 0 yuan
.

Continuous plastic

News: 1.
Last week, the average operating rate of domestic polyethylene enterprises was 86.
35%, up 0.
42%
compared with the previous cycle (September 24-September 30) data of 85.
93%.
The estimated output of polyethylene in October was 2,126,100 tons, +207,400 tons from the actual output of the previous month and +302,100 tons
from the same period last year.
2.
The average operating rate of PE downstream enterprises is 54%, down 1.
5%
from before the holiday.
Affected by environmental protection, the start of enterprises has been restricted, and the start of construction has declined
in some areas.
The overall operating rate of agricultural film was -2.
0%
week-on-week.
Small businesses are mainly sporadically started or shut down
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 10,000 yuan / ton, +200 yuan
.

Warehouse receipt inventory: 4567 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 230688, +398, short positions reported 257209, +16729
.
Increased
headroom.

Summary: Last week, the average operating rate of domestic polyethylene enterprises was 86.
35%, up 0.
42%
compared with the previous cycle (September 24-September 30) data of 85.
93%.
The estimated output of polyethylene in October was 2.
1261 million tons, +207,400 tons from the actual output of the previous month, +302,100 tons from the same period last year, and the average operating rate of PE downstream enterprises was 54%, down 1.
5%
from before the holiday.
Affected by environmental protection, the start of enterprises has been restricted, and the start of construction has declined
in some areas.
The overall operating rate of agricultural film was -2.
0%
week-on-week.
Small businesses are mainly sporadically started or shut down
.
The inventory of domestic PE production enterprises has increased significantly compared with the pre-holiday period, but it is still lower than the same period last year
.
During the long holiday, heavy rain in Shanxi caused many coal mines to stop production, but on the evening of the 7th, Inner Mongolia issued a document to accelerate the release of coal production capacity, which is expected to reduce the impact of
Shanxi coal mine shutdown to a certain extent.
The L2201 contract fluctuated at a high level during the day, and the short-term bullish pattern remained unchanged
.

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