Analysis of the hottest position plastic volume ca

Position analysis: plastic volume can shrink

except for the experiments of stretching, tightening, ring stiffness, compression resistance, ring flexibility and so on. Date: Source: Hexun editor: Bao's number of Views: 2112 copyright and disclaimer

core tip: since late June, driven by the rise in cost and the recovery in demand, plastic futures have come out of a strong rebound market, which is technically close to the upper edge of the downward channel, There are signs of price reversal. As the plastic futures face the main month change, the 1809 contract and 1901 contract are analyzed together below

[China Packaging News] since late June, driven by rising costs and warmer demand, plastic futures have come out of a strong rebound, technically approaching the upper edge of the downward channel, and the price shows signs of reversal. As the plastic futures face the main month change, the 1809 contract and 1901 contract are analyzed together below

in terms of volume positions, as of July 20, the trading volume of plastic futures was 199012 hands, a decrease of 146356 hands, or 42.38%, compared with the opening of the rebound on June 22. At the same time, the position was 506038 hands, a decrease of 119724 hands or 19.13% compared with June 22. According to the data, the rise of plastic prices is accompanied by the decline of volume positions, which shows that bulls are taking profits, and the continuation of price rises is uncertain. In addition, the turnover rate was 39.33%, a decrease of 15.86 percentage points compared with June 22, and the result reproduction function was handed in 2.6: after the experimental operation was completed and saved, the ease of activity decreased significantly by the end of the 1980s

as for the positions of main positions, on July 20, the positions of the top 20 positions of plastic futures bulls were 156996, the positions of the top 20 positions of short positions were 175912, and the net positions were -18916. On June 22, the positions of the top 20 long positions were 187362, the positions of the top 20 short positions were 209290, and the net long positions were -21928. The strength of bears has weakened, but it is not obvious

in terms of warehouse receipts, the number of plastic futures warehouse receipts was 284, which was 0.06% of the position. The impact of spot selling pressure on futures prices is basically negligible

in terms of capital, due to the sharp decline in trading volume, the turnover of plastic futures also fell sharply. As of July 20, the turnover was 9.267 billion yuan, a decrease of 6.184 billion yuan or 40.02% from June 22. However, thanks to the rising price, the deposit of plastic futures deposits showed an upward trend, with a capital stock of 11.934 billion yuan, an increase of 2.867 billion yuan from June 22, an increase of 31.62%

on the whole, although the recent rise in plastic prices is good, due to the decline in trading volume and positions, the rise can be insufficient, and the sustainability is questionable. In addition, if the price is close to the pressure level with higher cost performance, the probability of correction in the near future is greater