Zhejiang Futures Plastic deep discount spread interval operation ffrrr.com

Zhejiang Futures: Plastic depth premium spreads the operating range of clients view the latest market report to the end of August, in the double pressure capacity on expectations and stock price under PP1701 was significantly suppressed, L-PP spread has increased. In the fourth quarter, L, PP production capacity and market structure differences will exist in the future for a long time, the difference between the two is still the center of gravity upward space. But considering the depth of the premium PP1701, we believe that short-term price fluctuations are judged as L1701-PP1701 interval 1300-1600, can try to spread the interval operation. Key points of investment capacity put — the four quarter launch capacity greater than L – PP demand is expected to support the price of agricultural season L basis — the current PP1701 deep discount, short-term basis convergence demand — spread L1701-PP1701 spread range temporarily to determine the 1300-1600 market outlook, or gradually to brief the 1 focus of investment opportunities in the fourth quarter, L PP, put in production capacity and market structure difference will be in the future for a long time, the spread between the center of gravity is still up space. But considering the depth of the premium PP1701, we believe that short-term price fluctuations are judged as L1701-PP1701 interval 1300-1600, can try to spread the interval operation. 2 basic analysis of 2.1. capacity from the new capacity put into production plan, the fourth quarter of 2016, the PP put into operation is far more than L, the growth rate of output growth point of view, is also greater than PP PE. Figure 1:PE and PP new capacity put quarter         source: Zhejiang Futures Research Center   2:PE and PP; and the growth of production capacity on the source: Zhejiang futures research center from the new PE device, originally planned to start production in the three quarter of the Shenhua Xinjiang device is 270 thousand tons of high pressure; Jiutai energy two for a period of 250 thousand tons of total production more than linear density device, high pressure, pressure is not linear in new capacity. 2.2. PE from the demand side of seasonal demand side, the market for the downstream film factory "golden nine silver ten" and "four establishments" stocking market still have certain expectations, from the historical point of view, the two wave of stocking market caused by rising prices should not be underestimated. Figure 3:LLDPE downstream operating rate of   film;     source: Zhejiang futures research center of         Figure 4: dual anti film profit source: Zhejiang Futures Research Center PP demand side, seasonal demand is not obvious, the market outlook or end support co.. Figure 5:BOPP thick film       profit; source: Zhejiang futures research center of       &nb.相关的主题文章: