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    Home > Chemicals Industry > New Chemical Materials > Weak shocks in the short term still require a pullback

    Weak shocks in the short term still require a pullback

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    The Liansu 1805 contract was weak and volatile, opening at 9670 and closing at 9610 yuan / ton, down 65 yuan
    from the previous trading day.
    The highest was 9,705 yuan / ton throughout the day, the lowest was 9,575 yuan / ton, the trading volume rebounded significantly, reporting 281,500 lots, and the position continued to decrease by 15,530 lots to 411,500 lots
    .

    Continuous plastic

    News side: 1.
    The rural revitalization strategy will bring new demand opportunities
    for building materials products such as rural infrastructure, rural urban and rural real estate markets and related supporting facilities, water conservancy pipes, shed films and other products brought by new agriculture.
    2.
    Daqing Petrochemical's old high-voltage device produces 18D0, and the new high-voltage device produces 2426F; Linear device production 8320; The low-voltage device A line produces 5000S, the B line produces QL505P, and the C line produces 5300B; The new full-density unit produced 2480 in the first line and 9047
    in the second line.

    Raw material prices: International naphtha prices have declined
    .
    CF Japan was at 581.
    88t, down $20.
    5, and FOB Singapore was at $63.
    4 a barrel, down $
    2.
    28.
    Ethylene market remained stable, CFR Northeast Asia 1320; CFR Southeast Asia was trading at $1220/mt, both unchanged
    from yesterday.

    Spot price: The price of foreign spot market was stable and slightly increased, the Far East reported 1225 yuan / ton, up 5 US dollars, and the Middle East reported 1194 yuan / ton, flat
    .
    Market prices fell slightly, Tianjin Daqing reported 9650 yuan / ton, down 50; East China Yuyao Jilin Petrochemical 9800 tons, down 50 yuan; South China Guangzhou reported 9750 yuan / ton, down 50 yuan; Northwest Dushanzi reported 9800 yuan / ton, unchanged
    .

    Near the Spring Festival, the enthusiasm for market participation weakened, in terms of plastic supply, equipment maintenance decreased, operating rate rebounded, and inventories rose slightly month-on-month; In terms of demand, downstream shed film production has entered the off-season, and downstream demand continues to weaken
    .
    It is expected to weigh on
    prices.

    Technically, LLDPE1805 contract reduced its position and retreated, although the downward momentum of the KDJ indicator has weakened, but MACD continues to decline, and it is expected that there will still be a pullback requirement
    in the short term.
    There is a demand
    for testing the 9520 line in the future.
    Operationally, short orders in the hands of investors can continue to be held
    cautiously.

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