Lianplastic volatility is higher, and it is expected to stop falling and stabilize in the short term

In terms of news, Shenhua online auction data shows that polypropylene auctioned 2120 tons, (2158.
68 tons in the previous trading day) traded 1772 tons (1768 tons in the previous trading day), the transaction rate was 83.
57%, (81.
9% in the previous trading day).

Some goods are traded 10-40 yuan higher than the reserve price, and some models are up to 140 yuan higher than the reserve price
.
The linear auction was 900 tons (900 tons in the previous trading day), and 900 tons was traded (892 tons in the previous trading day), with a transaction rate of 100% (99.
11% in the previous trading day).

Some were sold
10 yuan higher than the reserve price.
Individual models were sold
50 yuan higher.

Spot market, domestic polyethylene market shock adjustment
.
In terms of enterprises, the sales company's high-pressure, linear opening price was reduced, with a range of 50-150 yuan / ton
.
In terms of the market, the actual transaction follow-up is not good, and the fluctuation of the real center of gravity is limited
for the time being.
As of the noon close, the North China market narrowly adjusted around 50 yuan / ton, and the East China market fell by 50-100 yuan / ton; The South China market is temporarily stable
.

warehouse receipt inventory, exchange warehouse receipt reported 2081 lots, intraday +120 lots; In the historical median zone
.
Main positions: The top 20 long positions in the main contract are 170432 lots, +2222 lots, short positions are 207409 lots, -627 lots, and net long positions are -36977 lots, +2849 lots
.

Summary: International trade disputes have continuously affected market confidence, crude oil trend has weakened, ethylene price correction has also weakened the cost support
of polyethylene.
Domestic social inventories have rebounded, indicating that the recent decline in storage is slow, but polyolefin port inventories have fallen, PE social inventories are at a historical low, spot market transactions are active, and the operating rate of downstream agricultural film enterprises has rebounded slightly to support prices
.
It is expected to stop falling and stabilize
in the short term.
In terms of operation, it is recommended that investors reduce their holdings when they are high, and take them back
according to the situation after the return.