Continuous plastic contracts shrink and reduce positions, and the futures price rebounds

News: The average operating rate of polyethylene enterprises has rebounded last week, PE production has increased, and market supply has increased
.
This week, the operating rate of PE downstream industries has generally decreased
from the previous week.
Among them, the decline rate of pipe and packaging film enterprises is more obvious, while the hollow operating rate has rebounded
.
The inventory of production enterprises continued to decrease, and the inventory of East China also fell slightly, indicating that the pressure on the supply side is not large
.
The National Council twice talked about the commodity price issue, which triggered the market's expectations for price control, which is expected to suppress the linear upside, and Guangdong's peak-shifting production is also expected to affect the PE downstream industry
.
The intraday L2109 contract rebounded slightly but still closed below the moving average, indicating that there is still some pressure
above.
In terms of operation, it is recommended that investors can take profit on the low and take profit in their hands.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7880 yuan / ton, -0 yuan
.

Warehouse receipt inventory: 6988 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 208211, -11994; short positions reported 243507, -19316
.
Headroom increase decreases

Summary: The average operating rate of polyethylene enterprises fell back last week, PE production increased, and market supply increased
.
This week, the operating rate of PE downstream industries has generally decreased
from the previous week.
Among them, the decline of hollow enterprises is particularly obvious, while the operating rate of film enterprises has rebounded
slightly.
The inventory of production enterprises continued to decrease, and the inventory of East China also fell slightly, indicating that the pressure on the supply side is not large
.
In addition, the National Council twice talked about the commodity price issue triggering the market's expectations for price control, which is expected to suppress the upside of the line line, and Guangdong's peak shifting production is also expected to affect the PE downstream industry
.
The intraday L2109 contract fluctuated lower, indicating that the upper pressure is still there, operationally, it is recommended that investors can set a take profit in short orders in their hands and hold
them cautiously.