Liansu fell slightly and focused on the support below

News: At the end of last week, the total inventory of major domestic polyolefin ports reported 265,400 tons, unchanged from last week and down 169,900 tons
from last year.
The two oil stocks were 755,000 tons during the day, up 80,000 tons
from last Friday.

Shenhua Coal Chemical Industry Shenhua Baotou linear intraday bidding volume was 850 tons, the previous day's bidding volume was 650 tons, the intraday trading volume was 64 tons, and the previous day's trading volume was 581 tons
.
Shenhua low-pressure intraday bidding volume was 188 tons, the previous day's auction volume was 356 tons, the intraday trading volume was 151 tons, and the previous day's trading volume was 227 tons
.

Spot market: The price of domestic polyethylene market is mixed
.
The sales bill of the main region was raised by 100-150 yuan / ton, the market offer was adjusted with it, some high-priced sources fell slightly, and the high-pressure supply in North China/East China was scarce, and the price was still firm
.
As of the midday close, the North China/East China market offered an adjustment of 50-100 yuan / ton, and the South China market fell 50 yuan / ton
individually.

Warehouse receipt inventory: Exchange warehouse receipt reported 252 lots, intraday -0 lots
.
Main position: the top 20 long positions in the main contract are 229879 lots, -6934 lots, short positions are 241444 lots, -5770 lots, net positions are -1498 lots, net short increases
.

Summary: The overseas epidemic has eased, the deregulation of many countries has boosted market confidence, major oil producers have extended the production reduction period, and EIA has raised crude oil demand expectations to support
the market.
Fundamentally, the significant increase in cracker production in Asia in June is expected to weigh on
ethylene prices.
The operating rate of downstream enterprises fell slightly, which is expected to also put a certain pressure
on prices.
However, the maintenance volume of domestic PE equipment in June increased compared with May, and the recent shutdown and maintenance of the equipment may reduce the market supply
.
Operationally, it is advisable
for investors to trade in the range for the time being.