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The rebound of continuous plastic futures prices is blocked, and the short-term trend is still weak

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

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On Thursday, Liansu L2201 contract reduced its position, and the rebound of the futures price was blocked, closing at 8672 yuan on the day, -36 compared with the previous trading day; The volume was 666297 lots, the position was reported 246554 lots, -8525, and the basis was 328 yuan
.

Continuous plastic

News: 1.
Longzhong Information reported on November 18: Shenhua low-pressure intraday bidding volume 66 tons, previous day's bidding volume 66 tons, intraday trading volume 66 tons, last day's trading volume 33 tons
.
High voltage linear no bidding
.
2.
This week, the PE inventory of domestic polyethylene enterprises (oil + coal) rose slightly from last week, up 15.
17%.

In terms of varieties, LDPE inventory rose by 14.
72%; HDPE inventory rose 14.
49%; LLDPE inventories rose 16.
59%.

Among them, two barrels of oil PE inventories stopped falling and rose slightly, up 15.
17%
week-on-week.
Sinopec's PE inventories rose 12.
89% week-on-week, and CNPC's PE inventories rose 16.
07%
week-on-week.
PE inventories of coal-based enterprises decreased by 5.
49%
month-on-month.
Trader inventories rose 5.
12%
from last week.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9000 yuan / ton, -0 yuan
.

Warehouse receipt inventory: warehouse receipt 3124, -746 sheets
.
Main positions: the top 20 long positions at 157430, -8822; short positions at 169277, -2806
.
Increased
headroom.

Summary: The average operating rate of domestic polyethylene enterprises last week was 87.
02%, up 3.
12% from 83.
90% in the previous week, at 83.
90%, down 0.
39 percentage points
from the same period last month.
The total output of polyethylene of domestic enterprises was 485,700 tons, an increase of 29,600 tons
from 45.
61 tons last week.
Luqing Petrochemical has been put into operation, and the low-voltage unit of Zhejiang Petrochemical is expected to be put into operation this week, and the market supply is expected to increase
.
The operating rate of PE downstream industries was 55.
9% last week, up 1.
0%
from last week.
Although it is still in the peak season of shed film production this week, the demand for mulch film is light, and the demand for pipes may also decline, and the overall demand is expected to be basically stable
.
Last week, the PE inventory of domestic polyethylene enterprises (oil + coal) continued to fall by 2.
91%
compared with last week.
Supply is expected to increase this week, demand is stable, and social stocks may rise
.
The intraday L2201 contract rally was blocked, and the futures price fell slightly, indicating that the short-term trend is still weak
.

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