Plastic rose stagnation

The ex-factory price of petrochemical LLDPE has been raised upwards, which is in line with expectations. However, the increase is not large, generally around 100-150 yuan/ton. Considering the price of many regions after the price adjustment is around 12,000, 12000 is also a hurdle of market psychological price. Can the price be The overall rise to more than 12,000, but also need to see the downstream market "buy not to buy", Fujian United 7042 price increase of 100 yuan / ton reported 11900 yuan / ton, Guangzhou Petrochemical 7042 price increase 150 yuan / ton reported 12050 yuan / ton, Maoming Petrochemical 7042 The price is raised by 100 yuan/ton to 11,900 yuan/ton, Qilu Petrochemical 7042 is raised by 100 yuan/ton to 11,900 yuan/ton, Yangzi Petrochemical 7042 is raised by 150 yuan/ton to 12050 yuan/ton, and PetroChina East China 7042 is quoted at 11,950 yuan/ Tonne; PP ex-factory price also rose slightly, but the overall increase is not as big as PE, Daqing refinery T30S price rose 100 yuan / ton to 11,450 yuan / ton, Fujian joint T30S price increase 100 yuan / ton reported 11,600 yuan / ton, Maoming Petrochemical T30S Pricing rose by 100 yuan / ton to 11,650 yuan / ton, Qilu Petrochemical T30S price rose 150 yuan / ton to 11,450 yuan / ton, CNPC East China T30S pricing reported 11,450 yuan / ton. Supported by the ex-factory price increase, the spot market price rose, but the transaction situation was general, most of them cautiously wait and see, accompanied by the market to get goods, the price is close to 12000, the downstream merchants get the goods is not high.
Affected by the rise in spot prices, the
plastics market is now resonating, but today the market is still weak in the market, the volume continues to shrink, and the market is not full of emotions. At present, the current price difference is less than 200 yuan. The spread is not large, and the futures have a limited room for growth. It is still considered that plastics may have a correction. However, the market price will rise to 12,000. The first line will still be expected. If there is a callback, the price will not be reversed to 11650-11700, but it is not recommended to reverse the bet. It is still recommended to continue to hold the bottom position, and it will take a profit and wait for the callback to be received. PP afternoon lightening is obvious, the previous long-term profit is cashed, if the PP callback support sees 11180 first line.

Jiuzhi Plastics Network

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