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    Home > Chemicals Industry > New Chemical Materials > The short-term trend weakened

    The short-term trend weakened

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market conditions: Lianplastic shock fall, L1909 opened 8010 yuan / ton, the highest reported 8030 yuan / ton, the lowest reported 7900 yuan / ton, closed 7915 yuan / ton, -0.
    44% from the previous trading day; Volume 722682 lots, -62790 lots; Position 615028 lots, +21732 lots, basis 185 yuan, +25 yuan, 9-1 spread 175 yuan, -15 yuan
    .

    Continuous plastic

    In terms of news, the total inventory of PE of the two barrels of oil this week was higher, up 13.
    24% week-on-week and 3.
    75%
    year-on-year.
    Among them, Sinopec's PE inventory increased by 11.
    29% week-on-week; CNPC PE inventories rose 14.
    29%
    week-on-week.
    Trader inventories increased by 8.
    79%.

    The PE market sentiment during the week was worse than last week, and the market participants were entangled and the transaction turned weak
    .

    In the spot market, the domestic polyethylene market is mixed, with a range of 50-100 yuan / ton
    .
    In terms of enterprises, the opening price of the main regions is mostly stable, and the high pressure of individual sales companies is increased by 50-100 yuan / ton, and the low pressure and linear are reduced by 50 yuan / ton
    .
    Linear futures oscillated lower, affecting the mentality of merchants, the offer part was loose, actively let profits and shipments, the market began to appear inverted, and the center of gravity of transactions shifted
    downward.
    Most of North China fell by 50-100 yuan / ton; The supply of high-pressure goods in East China was tight, and the price of linear and low-pressure fell by 50 yuan/ton; The high pressure and linear decline in South China were 50 yuan / ton, and the low pressure price did not change much
    .

    warehouse receipt inventory, exchange warehouse receipt reported 1563 lots, intraday +0 lots; In the historical median zone
    .
    Main positions: The top 20 long positions in the main contract are 173540 lots, +1440 lots, short positions are 239530 lots, +5450 lots, and net long positions are -65990 lots, -4010 lots
    .

    Summary: The recovery of crude oil has supported the price of LLDPE
    .
    However, after a sustained rise, there are certain signs of overbought in the short term, which suppresses
    the price.
    Technically, the current short-term weakening of the L1909 contract is expected to test the support of the 20-day moving average
    .
    The indicator MACD flattened at the high, the red bar contracted, and the KDJ indicator showed signs
    of a retreat from the high.
    Operationally, investors can hold short orders cautiously
    .

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