PE market price analysis on 9.29

PE future market analysis

On September 29, the plastic 2301 contract opening price is 7967, the highest is 8183, the lowest is 7959, the position is 388822, the settlement price is 8057 and Yesterday’s was7938, up 119.

After the opening of yesterday's night trading, Plastic 01 contract futures price first undulated, Then rose to break through 8000, the lowest point in the overnight session was 7959. Early futures prices continued to maintain the oscillating trend, then afternoon upward to the highest point 8183 and fluctuate to stock closing. Today's stock position is the largest in the week, The whole day fluctuation range of 01 contract is 7959-8183, and the price difference is 224. The 01 contract reduced 13273 positions, and the current position is 388822.

Future market trend predict

Today, in the future market, plastic 01 contract is active, and the obvious performance of increasing positions may have a certain direction for the future trend. On the market, 25.2% of long positions opened were slightly larger than 22.8% of short positions opened, and 21.8% of short positions closed corresponded to 21.0% of long positions closed. The spot market price is on the high side. The technical level shows that the opening of the third track of the Bollinger Belt (13, 13, 2) has narrowed, and the futures price has not fluctuated much but has risen significantly compared with the previous day. At present, there is only the last trading day before the festival. Considering the long National Day holiday and the great changes in the market after the festival, it is still recommended to deal with light positions.

Spot market analysis

Today, the mainstream price of polyethylene spot market still shows a strong consolidation trend, and the market trading atmosphere is fair. Today's futures market opened in a volatile upward trend, which is good for the spot market. In terms of the cost- the trend of oil rebounded, which strengthened the support for polyethylene. In terms of supply, On the supply side, the overhaul of some production lines of Qilu Petrochemical, Yanshan Petrochemical, Tarim Petrochemical and other products has been completed, and the pressure on the supply side has increased since the overhaul. In terms of demand, In terms of demand, downstream goods preparation before the festival is not active, most of them are still just in need of receiving goods, and some product orders are good. From the perspective of market comparison today, the internal and external prices are about 110-270 yuan/ton, and the window of import arbitrage is gradually opened. The inventory of the two oils was 555000 tons (yesterday's inventory was revised to 58.5 tons), down 30000 tons from yesterday.

Domestic PE index

According to the data from tuduoduo, the domestic PE spot index on Sep.29 was 8864,up12 or 0.14%. that of LLDPE is 8395, up 43 pr 0.51%. the spot index of LDPE is 9831, up5 or 0.05%. that of HDPE is 8320, up 3 or 0.04%.

On September 29, the opening price of polypropylene 2301 contract: 7823, the highest price: 7999, the lowest price: 7811, the position: 464647, the settlement price: 7894, yesterday's settlement: 7816, up: 78.