Lianplastic shock declines The recent flood disaster has a greater impact

News: Longzhong Information reported on July 16: The two oil stocks were 725,000 tons, an increase of 05,000 tons
from the previous day.

Shenhua Coal Chemical Industry Shenhua Baotou linear intraday bidding volume was 883 tons, the previous day's bidding volume was 779 tons, the intraday trading volume was 333 tons, and the previous day's trading volume was 249 tons
.
Shenhua low-pressure intraday bidding volume was 157.
7 tons, the previous day's bidding volume was 157.
7 tons, the intraday trading volume was 33.
7 tons, and the previous day's trading volume was 0 tons
.
Yulin High Pressure intraday bidding volume was 82.
175 tons, the previous day's bidding volume was 82.
18 tons, the trading volume within the day was 0 tons, and the previous day's trading volume was 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
.

Spot market: The price trend of the domestic polyethylene market is weak and downward
.
The ex-factory billing price of sales in the main regions was reduced, with a range of 50-100 yuan / ton, and the market transaction was mainly
low price.
As of the noon close, the fluctuation range in North China was 50 yuan / ton, the fluctuation range in East China was 50-150 yuan / ton, and the fluctuation range in South China was 50-100 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 306 lots, intraday -0 lots
.
Main position: The top 20 long positions in the main contract are 201995 lots, -7863 lots, short positions are 201425 lots, -4923 lots, and the net position is 570 lots, net long decrease
.

Summary: Recently, crude oil has maintained a high volatility pattern, forming a certain support
for chemicals.
Fundamentally, there are still many PE devices in China under maintenance recently, port inventories are still maintained at historical lows, and two barrels of oil and petrochemical inventories are also lower than the same period last year, indicating that the sales pressure of production enterprises is not large, and these factors are expected to have some support
for prices.
However, the recent flood disaster has a great impact on plastic downstream products enterprises, and after continuous rise, there is an overbought phenomenon in the short term, and investors should guard against a technical pullback
in the process of rising.
Operationally, investors temporarily focus on the operation strategy of short and short prices
.