LLDPE of the hottest northern futures rose strongl

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Northern Futures: LLDPE rose strongly, and crude oil rose sharply, pushing

after LLDPE opened higher today, after a short adjustment, the late price rose again, fell slightly in the late trading, and closed slightly higher throughout the day. Contract l805 opened at 13680 yuan, with a maximum of 13825 yuan, a minimum of 13680 yuan, and a closing of 13750 yuan. The settlement price increased by 120 yuan/hand over the previous day, with 8612 transactions, 7708 positions, and 8654 total turnover. Some of these projects became local benchmark projects, with a total position of 8510, and the turnover increased significantly

internationally, NYMEX crude oil rose sharply by $3.64 to $99.62/barrel. Crude oil futures hit the $100 per barrel mark for the first time and closed at a record high, driven by supply concerns. In terms of domestic spot goods, the North China market is stable and there are few transactions. Qilu Chemical City 7042 includes tax at yuan/ton, and the transaction in Tianjin market is poor. The quotation for 0218d Canning is 13500 yuan/ton, and the quotation for 218w is yuan/ton. There are few transactions in the East China market, and the quotation is slightly adjusted. The PE of Yuyao is linear and stable, with Yangzi 7042 at 13600 yuan/ton, Zhongyuan 7050 at 13500 yuan/ton, and 7042 Jilin at 13550 yuan/ton. The quotation in the South China market is stable, and the transaction is good. Guangzhou Petrochemical 7042 is at 13650, but it is difficult -13700 yuan/ton, Maoming 7042 is at 13650 yuan/ton, 2001 is at 13650 yuan/ton, and Saudi 218w is at 14050 yuan/ton

the sharp rise of crude oil futures provided a strong support for LLDPE. The high opening of LLDPE today was boosted by the entry of Xinduo, and the futures price fluctuated higher. The intraday long short trading was more intense, and the trading volume increased significantly. At the end of the day, the futures price fell slightly under the pressure of long short profit taking. Traders and downstream manufacturers in the spot market are still mainly on the sidelines, and the willingness of hot goods is not strong. PetroChina has adjusted some LLDPE prices, but it has little impact on the market. It is expected that it will be difficult to make a breakthrough in the near future. The strength of crude oil has brought limited support to LLDPE. Under the situation that the difficulty of spot oil is that the layout of the system is relatively complex and improving, it is expected that it will be very difficult for the futures price to break through the upward trend in the short term. It is suggested that investment should be based on wait-and-see, and it should be cautious to catch up

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