Even plastic volume increased position, and the futures price rushed back down

News: 1.
Shenhua Coal Chemical Industry Shenhua Baotou linear intraday bidding volume of 932 tons, the previous day's bidding volume was 613.
625 tons, the intraday trading volume was 931 tons, and the previous day's trading volume was 95 tons
.
2.
The PE inventory of domestic polyethylene enterprises (oil + coal) rose in this cycle, with a week-on-week increase of 5.
13%.

Among them, the total inventory of two barrels of oil PE continued to rise, up 3.
56%
week-on-week.
The total PE inventory of coal enterprises rose, up 11.
06%
week-on-week.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7400 yuan / ton, +50 yuan
.

Warehouse receipt inventory: 2291 warehouse receipts, +0 sheets
.

Main positions: Top 20 long positions 175213, -3159, short positions 183976, +388
.
Increased
headroom.

Summary: Crude oil has rebounded, and the operating rate of downstream agricultural film enterprises has rebounded, and the recent polyolefin inventory in major domestic ports has remained at a historical low area, indicating that the short-term supply pressure is not large
.
However, after entering the second half of September, PE has a new plant planning to put into production, and the number of equipment for later maintenance is gradually reduced, and it is expected that the supply of the market will increase significantly in the later stage, in addition, the two barrels of oil and petrochemical inventories have begun to recover or will limit the linear increase
.
The market focuses on the support of the moving average below
.
Operationally, investors operate
in the range of 7250-7450.