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The price of the continuous plastic period fluctuates widely, and the fundamentals are intertwined

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

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On Tuesday, the L2105 contract contracted and reduced its position, and the futures price fluctuated widely, closing at 7995 on the day, -45 yuan from the previous trading day; The volume was 292385 lots, the position was reported 307343 lots, -18100, and the basis was 155 yuan
.

Continuous plastic

News: 1.
Longzhong Information reported on February 9: The two oil stocks were 570,000 tons, an increase of 10,000 tons
over the previous day.
2.
Longzhong Information reported on February 9: Shenhua Coal Chemical Industry Shenhua Baotou linear bidding volume was 650 tons, the previous day's bidding volume was 897 tons, the intraday trading volume was 200 tons, and the previous day's trading volume was 40 tons
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8150 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 923 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 186599, -11175; short positions reported 227515, -8409
.
Increased
headroom.

Summary: Approaching the Spring Festival, the fundamentals of Liansu are relatively calm
.
In February, PE maintenance equipment remained low, the weekly average operating rate of polyethylene rebounded, and the overall market supply rebounded
.
Last week, the operating rate of downstream products fell, indicating that downstream demand may be reduced
as the Spring Festival approaches.
However, the strong trend of crude oil and the continued low level of petrochemical inventories of two barrels of oil also supported prices, and the current fundamentals are intertwined, and it is expected to maintain a range-bound pattern
before the holiday.

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