Continuous plastic volume reduction position, the futures price fluctuated at a high level

News: 1.
Longzhong Information reported on March 1: The two oil stocks were 930,000 tons, an increase of 110,000 tons
from last Friday.
2.
Longzhong Information reported on March 1: Shenhua coal chemical industry Shenhua Baotou line type bidding volume today 1400 tons, yesterday's bidding volume of 1670 tons, today's trading volume of 10 tons, yesterday's trading volume of 794 tons

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8950 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 815 warehouse receipts, - 0 sheets
.
Main positions: Top 20 long positions 189796, -6935; short positions reported 228096, -6590
.
Increased
headroom.

Summary: It is rumored that some chemical companies in Texas have resumed production, but it will take time to fully resume work, and there are also equipment shutdowns in Asia for maintenance, and the supply in overseas markets is still tight
.
Domestically, the operating rate of domestic polyethylene manufacturers is still at a high level, and the market supply is sufficient
.
Some downstream enterprises have resumed work, but the operating rate is still lower than the level of previous years, and it is expected that the degree of accumulation during this year's Spring Festival will be lower than the level of
the same period last year.
However, after a sustained sharp rally, a technical correction
needs to be prevented in the short term.
In terms of operation, investors can reduce their holdings in the hands of a sharp rise, drop their bags for safety, and wait for the opportunity to take them back
after they return.