中文
Last week, LLDPE’s main 2001 contract was weak, pp12001 contract was weak, and methanol’s main 2001 contract was down. The short-term plastic and PP are in the game of maintenance and resumption of production and demand recovery, maintaining a volatile trend. The methanol base surface is empty and the logical pressure bearing disk surface is empty, but there is a certain support for the inventory decline.
The main logic of trend trading: the trend of ll is weak in the near future, but from the perspective of basic supply and demand, the space below is limited. In terms of demand, the demand for greenhouse film is in the peak season, and other downstream starts are stable. The supply side is also faced with continuous resumption of maintenance, and the start-up is gradually picking up, and the overall supply and demand are increasing. However, in the recent environment of crude oil falling, the overall chemical industry is down, and ll maintains a weak shock. Trend.
PP is subject to the decline of crude oil and propylene in stages, and the cost support becomes weak. From the perspective of basic logic, the market is not likely to fall significantly. Although the supply recovery caused by the recent new device production and maintenance device restart, and the apparent demand caused by the lack of active travel and inventory replenishment are weak, with the entering of the fourth quarter, the automobile white power production, sales and inventory are expected to improve, and the short-term PP remains volatile. The probability of trend is high.
Due to the weakness of the fundamentals, the pressure of methanol fell. Although the high inventory and the bad situation in the early stage were alleviated, and the inventory of ports in East China and the whole country were reduced, the maintenance devices were restarted one after another, and the supply side began to increase. At the same time, the demand side and the traditional downstream demand performance were average. The MTO of Jiutai energy also planned to follow the methanol shutdown in the later stage, and the demand faced a certain contraction.
Operation suggestion on October 21: the trend of ll2001 main contract is fluctuating and the short-term fluctuation is falling. There is pressure near 7600 above and support near 7200 below. New opening shock ideas, trend ideas unknown, short-term operation.
The main contract trend of pp2001 is volatile and short-term, with pressure near 8300 above and support near 8000 below. New opening shock ideas, trend ideas unknown, short-term operation.
Methanol 2001 contract trend fluctuated, short-term shocks fell, with 2100 support below and pressure near 2450 above. 16 reference market analysis in the vicinity of 2270 empty orders can be held, stop loss reference 2250. The new open position concussion slant space thought, the back relies on 2200 nearby pressure may continue to be empty, stops the loss reference 2200.