Liansu high opening volatility The market transaction atmosphere is acceptable

News: As of April 10, 2020, the total inventory of polyolefin in major domestic ports reported 326,400 tons, down 09,000 tons
from last week.
It was down 73,000 tons
year-on-year.

China's polyethylene output totaled 387,700 tons, a year-on-year decrease of 1.
13% from last week, and high pressure and linearity decreased, reducing by 0.
16 and 0.
52 million tons respectively; The low pressure increased by 25,000 tons
.

Spot market: the domestic polyethylene market price rose widely, linear futures opened high and fluctuated, the opening price of sales companies was mostly raised, spot market merchants actively reported high, the market transaction atmosphere was acceptable, as of the noon close, the North China market rose 150-400 yuan / ton; East China market rose 250-500 yuan / ton; The South China market is adjusted by 300-850 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 180 lots, intraday +60 lots
.
Main position: The top 20 long positions in the main contract are 221112 lots, +18606 lots, short positions are 272195 lots, +15362 lots, and the net position is -51083 lots, with a decrease
in net shorting.

Summary: OPEC+ reached a joint production cut agreement to boost market confidence
.
PE production decreased slightly last week, and polyolefin inventories in major domestic ports continued to fall
.
Petrochemical companies have raised market prices sharply, and these factors have formed a certain support
for prices.
Operationally, investors can hold long orders with caution
.