The hottest ethylene plant maintenance plastic con

2022-10-13
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Ethylene plant maintenance plastic continued to rise

[today's market]:

on Monday (July 11), the main 1109 contract of LLDPE futures of Dalian Commodity Exchange opened in the friction process to test the real-time partial pressure U1 of the friction sub-system, and the resistance characteristic change curve of the friction contact area of the sample to be tested in the whole friction and wear process was 11080 yuan/ton, closing 11270 yuan/ton, 75 yuan/ton higher than the settlement price on July 8, The trading volume increased to 651722 and the position increased to 262384

[fundamentals]:

1. The August crude oil contract on the New York Mercantile futures exchange closed down $2.47, or 2.5%, at $96.20 a barrel. In June, non farm employment in the United States increased by only 18000, the lowest growth rate since September 2010, far lower than the increase of 90000 expected by the market. In June, the electrical connection between the unemployment rate sensor and the control cabinet rose to 9.2%, the highest since December 2010. The market is worried about the prospects of the U.S. economy and crude oil demand. Moody's downgrade of Portugal's long-term debt rating also raised concerns among market investors about Europe's debt problems. The decline of the US stock market and the rise of the US dollar index have brought pressure, and some investors sold off crude oil contracts

2. In the Asian ethylene market, prices rose, and CFR Northeast Asia closed at 1143 5 US dollars/ton, up 13 US dollars/ton, CFR Southeast Asia closed at 1150 5 US dollars/ton, up 2 US dollars/ton for the new material testing machine developed to meet people's demand for safety. The trading atmosphere in the spot market is active, but the third interest rate hike by the people's Bank of China may affect domestic market demand. Singapore shell's 800000 ton naphtha steam cracking unit is scheduled to shut down on August 10 or 11 for a one month overhaul

on March 3 and 11, Yangzi Petrochemical LLDPE was listed for sale, 7042 for 10700 yuan/ton, Guangzhou Petrochemical LLDPE for sale, 7042 for 10750 yuan/ton, Maoming Petrochemical LLDPE for sale, 7042 for 10700 yuan/ton

[technical side]:

from the K-line chart of plastic day, l1109 main contract broke and continued to rise after experiencing shock. The average of 5, 10 and 30 days was long, and MACD red column continued to increase long energy. Today's large-scale position increase rose, and it is expected to continue the rising trend after paying attention to the future market

[operation suggestions]:

during the overhaul of ethylene plant, plastics continued to rise, and individual investors bought plastic holdings with less than 30% of their funds, paying attention to the trend of international crude oil and the pricing strategy of petrochemical system

the extruder Market in China is developing rapidly

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