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Beijing mid-term: even plastic may continue to adjust

6. This is a problem that can be solved. On August 13, even the trend of plastic futures fluctuated. The main contract l0809 opened low at 15520 in the morning, with an intraday high of 15815 points and a low of 15355 points. In the end, it fell 175 points to 15675 points. Intraday trading was still active, with 127446 transactions and 2214 positions reduced to 15546. A total of 127466 transactions and 15620 positions were held in each contract

in the spot market, the spot market of China plastics polyethylene corrected at a high level. Due to the lack of downstream demand, transactions continued to be light, and traders had difficulties in shipping. Although the market source of goods was not large, they did not dare to hype too much, and the specific operation was relatively rational. At present, the mainstream price of LLDPE market was RMB per ton, of which the transaction in North China LLDPE market was blocked, the quotation fell, and the downstream demand was relatively flat, and traders actively shipped, The price of polyethylene in East China market continues to decline, and the market transaction is light. Traders actively sell the goods with safety protection measures for the main machine. The price of polyethylene in South China market is basically stable, with a small decline. Traders actively stock up in the early stage

in the warehouse receipt market, the LLDPE warehouse receipt in the China Plastics warehouse receipt market continued its decline yesterday. The main warehouse receipt ll0808 opened at a close to the limit of 15430 points. The lowest point in the session was at the limit of 15427 points, and the limit was closed at 15427 points in the middle market. Under the psychological influence of traders who buy up but not buy down, the market was still depressed, with only 8 transactions and 504 positions; LLDPE warehouse receipts in Jinyin Island warehouse receipt market opened low and went down, and the whole line weakened. The main warehouse receipt ll0808 opened at 15450 points, and then the warehouse receipt price fluctuated downward, with a minimum of 15078 points, which was between the range fluctuation, and the end of the market fell 342 points to 15200 points, with 616 transactions and 799 positions

in the upstream market, stimulated by the double factors of higher gasoline prices and the geopolitical crisis in Nigeria, crude oil futures closed higher on Thursday. The settlement price of July light and low sulfur crude oil futures contract on the New York Mercantile Exchange rose 36 cents to $136.74 a barrel, and the settlement price of July Brent crude oil futures contract on the London Intercontinental Exchange rose $1.07 to $136.09 a barrel. In terms of ethylene, Asian ethylene recently closed steady, CFR Northeast Asia reported US dollars/ton, CFR Southeast Asia reported US dollars/ton

the international oil price fluctuated at a high level, and the LLDPE spot market adjusted at a high level. Although the spot resources are still tight, the high-level transactions are still light. At present, the fundamentals remain unchanged, and ordinary waste can also be avoided from being landfilled. In general, plastic may continue to adjust its trend in recent days, and pay close attention to the dynamics of the crude oil market

note: this reprint can ensure the accuracy of full-scale speed control, and the source is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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