Continuous plastic volatility lower, it is expected that the short-term trend will still be repeated

News: Shenhua coal chemical industry Shenhua Baotou linear intraday bidding volume of 861 tons, the previous day's bidding volume of 731 tons, intraday trading volume 0 tons, the previous day's trading volume 0 tons
.
Shenhua low-pressure intraday bidding volume is 250 tons, the previous day's bidding volume is 250 tons, the intraday trading volume is 0 tons, and the previous day's trading volume is 0 tons
.
Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 50 tons, intraday trading volume is 0 tons, and the previous day's trading volume is 0 tons
.

Last week, the total inventory of polyolefin samples in major domestic ports was 268,400 tons, down 06,000 tons from last week and 171,900 tons
from last year.

Spot market: The domestic polyethylene market is mixed
.
The opening price of the main regional sales company is mostly stable, partially adjusted by about 100-150 tons, Sinopec South China pipe increased by about 300 yuan / ton, the main futures volatility fell, the market offer mostly lower, individual brands rose slightly, the range is about 50-150 yuan / ton, the market atmosphere is general, and the real transaction is weak
.
As of the noon close, the North China market adjusted 50-100 yuan / ton; The East China/South China market fell 50-150 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 343 lots, intraday -0 lots
.

Main position: The top 20 long positions in the main contract are 254296 lots, -3976 lots, short positions are 282070 lots, -360 lots, net positions are -27774 lots, net space increases
.

Summary: The overseas epidemic seems to be showing signs of easing, and many countries have expectations of de-regulating traffic, which has rekindled expectations of demand recovery, but international crude oil rushed back down, indicating that the upward pressure is still large
.
In the industrial chain, the output of PE pipes has risen significantly, indicating that the downstream rigid demand is still there, and after entering May, the number of maintenance devices has increased, which is expected to form a certain support for continuous plastics, however, the linear downstream demand has weakened, the demand for agricultural film has basically ended, the demand for shed mold has not yet begun, and the demand for packaging film is basically stable, indicating that the recovery of downstream demand is still insufficient, and it is expected that the short-term trend is still repeated
.
Operationally, investors can hold short orders cautiously
.