Continuous plastic volume increase position futures price upward resistance

News: 1.
Longzhong Information reported on April 7: Shenhua coal chemical industry Shenhua Baotou line type auction volume today 1748 tons, yesterday's bidding volume 2612 tons, today's trading volume of 514 tons, yesterday's trading volume of 117 tons
.
Shenhua Low Pressure bid 4.
775 tons today, 0 tons yesterday, 4.
775 tons today, 0 tons
yesterday.
2.
Longzhong Information reported on April 7: The two oil stocks were 895,000 tons, down 25,000 tons
from yesterday.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8700 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 580 warehouse receipts, +410 sheets
.
Main positions: the top 20 long positions 169697, +3674; short positions at 183290, +6198
.
Increased
headroom.

Summary: In April, there were still installations in Asia for shutdown and maintenance, and supply in overseas markets remained tight
.
Dow Chemical said the price of all polyethylene resin it sells in the U.
S.
will increase by 9 cents/pound ($200/ton)
starting in April.
Domestic: The average operating rate of domestic polyethylene enterprises fell slightly last week, and the domestic production of polyethylene decreased
.
The operating rate of domestic PE downstream industries increased slightly to 59.
5%.

The operating rate of agricultural film and packaging film enterprises fell slightly, and the operating rate of pipe, hollow and injection molding enterprises increased
.
The PE inventory of domestic polyethylene enterprises (oil + coal) continued to decline, down 6.
36%
week-on-week.
Downstream bargain-hunting and resistance to high prices
.
In mid-April, Lianyungang Petrochemical and Haiguolong Oil had new units put into operation, and the market supply is expected to be sufficient
.
Operationally, it is recommended that investors wait and see for the time being
.