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    Home > Chemicals Industry > New Chemical Materials > The price volatility of continuous plastic futures is lower, indicating that the short-term trend is still weak

    The price volatility of continuous plastic futures is lower, indicating that the short-term trend is still weak

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Monday, Liansu L2109 contract increased its position, and the futures price fluctuated lower, closing at 7555 yuan on the day, -195 yuan from the previous trading day; The volume was 531439 lots, and the position was reported at 388132 lots, +34788, and the basis was 225 yuan
    .

    Continuous plastic

    News: 1.
    Longzhong Information reported on June 7: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 860 tons, the previous day's bidding volume was 970 tons, the intraday trading volume was 42 tons, and the previous day's trading volume was 90 tons
    .
    Shenhua low-pressure intraday bidding volume was 150.
    65 tons, the previous day's bidding volume was 150.
    65 tons, intraday trading volume was 0 tons, and the previous day's trading volume was 0 tons
    .
    Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 50 tons, the intraday trading volume is 50 tons, and the previous day's trading volume is 0 tons
    .
    2.
    As of June 4, 2021, the total inventory of polyolefin samples in major domestic ports reported 353,300 tons, down 13,800 tons from last week and up 84,800 tons
    from last year.

    Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7780 yuan / ton, -70 yuan
    .

    Warehouse receipt inventory: 6929 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 208465, +13891; short positions reported 259727, +20087
    .
    Increased headroom

    Summary: The average operating rate of polyethylene enterprises fell slightly last week, but polyethylene production still increased
    .
    Overall, the operating rate of PE downstream industries decreased
    slightly from the previous week.
    In addition to the packaging film enterprises remained stable, the operating rate of other industries fell
    slightly.
    Inventories of production companies have rebounded for two consecutive weeks, indicating that downstream demand is insufficient
    .
    The National Standing Committee twice talked about the commodity price issue, which triggered the market's expectations for price control, and it is expected to suppress the upside of the line, and Guangdong's peak-shifting production is expected to also affect the PE downstream industry
    .
    The intraday L2109 contract was volatile lower, indicating that the short-term trend is still weak
    .

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