Continuous plastic shrinkage and position reduction, the futures price fell slightly

News: 1.
Longzhong Information reported on November 4: The two oil stocks were 630,000 tons, down 30,000 tons
from the previous day.
2.
Shenhua Coal Chemical Industry Shenhua Baotou linear intraday bidding volume of 500 tons, the previous day's bidding volume of 500 tons, intraday trading volume of 66 tons, the previous day's trading volume of 300 tons
.
Shenhua low-pressure intraday bidding volume was 400 tons, previous day's bidding volume was 300 tons, intraday trading volume was 332 tons, and the previous day's trading volume was 300 tons
.
Yulin High Pressure intraday bidding volume is 50 tons, the previous day's auction volume is 0 tons, the trading volume is 5 tons, and the previous day's trading volume is 0 tons
.
3.
From January to October 2020, the domestic output of PE pipe materials increased by 17% compared with the same period in 2019 and 33%
over the same period in 2018.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7600 yuan / ton, +0 yuan
.

Warehouse receipt inventory: warehouse receipts 1103, -29 sheets
.

Main positions: Top 20 long positions 177728, -2304, short positions 188735, +486
.
Increased
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
.
On the demand side, as the weather gradually gets colder, the demand for agricultural film in the north will recover, and the orders of BOPP companies will also increase steadily, indicating that downstream demand has recovered well, and these factors support
linear prices.
In terms of operation, investors can reduce their positions when they rush high, and then choose the opportunity to take back
when they fall.