Liansu contract shrinks and reduces positions, and the futures price fluctuates higher

News: 1.
Longzhong Information reported on July 29: Shenhua coal chemical industry Shenhua Baotou line type bidding volume today 550 tons, yesterday's bidding volume 630 tons, today's trading volume of 445 tons, yesterday's trading volume of 530 tons
.
Shenhua Low Pressure bid 158 tons today, 216 tons yesterday, 125 tons today, and 133 tons
yesterday.
2.
According to market sources, Yansab, a subsidiary of Sabic, recently stopped production unexpectedly at its PP and LLDPE plants, which are located in Saudi Arabia and have polypropylene (PP) and LLDPE (LLDPE) plants, both with a production capacity of 400,000 tons per year, and the company has not yet given a clear recovery plan
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8250 yuan / ton, +50 yuan
.

Warehouse receipt inventory: 5367 warehouse receipts, +120 receipts
.
Main positions: Top 20 long positions 174309, -9412; short positions reported 193183, -9716
.
Reduced
headroom.

Summary: With the annual overhaul of Jiutai and China Coal Mengda, the average operating rate of polyethylene enterprises fell last week, and the supply of polyethylene polyethylene decreased
.
Inventories by production companies have risen, indicating an increase
in market supply.
The operating rate of PE downstream industries was basically unchanged from the previous week, of which agricultural film and hollow enterprises increased, while pipe, injection molding and packaging film industries declined
.
The production and suspension of many overseas chemical companies have once again caused market panic
.
Today's L2109 volatility is higher, indicating that the bulls still have the advantage
.
Investors are advised to wait and see for the time being
.