Liansu contract fell slightly, and the short-term trend is still repeated

News: Shenhua coal chemical industry Shenhua Baotou linear intraday bidding volume of 861 tons, the previous day's bidding volume of 861 tons, intraday trading volume of 200 tons, the previous day's trading volume 0 tons
.
Shenhua low-pressure intraday bidding volume was 450 tons, the previous day's auction volume was 250 tons, the intraday trading volume was 200 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, the intraday trading volume is 30 tons, and the previous day's trading volume is 0 tons
.

Spot market: The domestic polyethylene market fell
.
The opening price of the main regional sales company was lowered, the range was 50-200 yuan / ton, the main futures opened low and fluctuated, the market offer continued to decline, traders actively let profits and shipments, the North China market oil linear price reduction more, the market transaction is acceptable, the rest of the market transaction is general
.
As of the midday close, the North China market fell 50-250 yuan / ton; The East China market fell 100-200 yuan / ton, and the South China market fell 50-100 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 343 lots, intraday -0 lots
.
Main position: The top 20 long positions in the main contract are 251640 lots, -2656 lots, short positions are 283125 lots, +1055 lots, net positions are -31485 lots, net short increases
.

Summary: The overseas epidemic seems to be showing signs of easing, and many countries are expected to lift traffic restrictions, which has rekindled expectations of demand recovery, but the international crude oil median shock shows that the upward pressure is still large
.
In the industrial chain, the output of PE pipes has increased significantly, indicating that the downstream rigid demand is still there, and after entering May, the number of maintenance devices has increased, which is expected to form a certain support
for Liansu.
However, linear downstream demand has weakened, agricultural film demand has basically ended, shed mold demand has not yet begun, packaging film demand is basically stable, indicating that downstream demand recovery is still insufficient, and the recent sluggish spot transaction shows that the downstream willingness to take goods is not strong, and it is expected that the short-term trend is still repeated
.
Operationally, investors can hold short orders cautiously
.