Even plastic shrinkage to increase positions, futures prices open high and go high

News: 1.
As of October 30, 2020, the inventory of polyolefin samples in major domestic ports reported 332,100 tons, an increase of 09,900 tons from 322,200 tons last week and 63,700 tons
from last year.
2.
Longzhong Information reported on November 2: Two barrels of oil and petrochemical stocks reported 710,000 tons, an increase of 130,000 tons
from last Friday.
3.
Last week, China's polyethylene output totaled 401,000 tons, an increase of 0.
04% over the same period last week, and the weekly output of oil-based polyethylene was 28.
580,000 tons, an increase of 0.
63% from last week, and the weekly output of coal-to-polyethylene was 101,500 tons, an increase of 2.
40%
from last week.
Longzhong Information expects polyethylene production this week to increase by about
3.
14% compared with last week.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7500 yuan / ton, +50 yuan
.

Warehouse receipt inventory: 1132 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 178317, +6706, short positions 179792, +11129
.
Net multi-turn headroom
.

Summary: After entering the middle and late October, PE has a new plant production plan, and the number of equipment for later maintenance is gradually reduced, and the decline rate of the two barrels of oil and petrochemical inventory slows down, 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.
Operationally, investors can set a take profit in their hands and hold
them cautiously.