Continuous plastic shrinkage and position reduction, futures prices slightly lower

News: 1.
According to the statistics of Longzhong Information, the operating rate of domestic polyethylene (PE) pipe enterprises decreased by 1% in November 2020 compared with October, and decreased by 14%
from the same period last year.
The number of days used in the inventory of pipe enterprises increased by 0.
1 days in November 2020 compared with October, and the inventory of raw materials decreased by 2.
4%
compared with October.
2.
Longzhong Information reported on December 1: Shenhua coal chemical industry Shenhua Baotou linear intraday bidding volume of 556 tons, the previous day's bidding volume of 400 tons, intraday trading volume 0 tons, the previous day's trading volume of 65 tons
.
Shenhua low-pressure intraday bidding volume was 31.
275 tons, the previous day's bidding volume was 31.
28 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 0 tons
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8050 yuan / ton, -30 yuan
.
Warehouse receipt inventory: 1003 warehouse receipts, +26 sheets
.

Main positions: Top 20 long positions 147080, -4655, short positions 162317, -6503
.
Reduced
headroom.

Summary: PE has plans to put new equipment into production, and the number of units for later maintenance is gradually decreasing, indicating that the market supply has increased
.
In terms of demand, as the weather gradually gets colder, the demand for agricultural film in the north is stable, and the demand for packaging film is still good
.
Two barrels of oil and petrochemical inventories remained low, indicating little supply-side pressure, which supported linear prices
.
However, after continuous rises, a technical correction
needs to be prevented in the short term.
In terms of operation, investors can reduce their holdings at high prices and drop their pockets
.