The continuous plastic shock went lower, and the futures price closed lower

News: Shenhua Coal Chemical linear intraday bidding volume of 950 tons, trading volume 0 tons, transaction rate of 1.
05%; The high-pressure auction was 486 tons, with a volume of 0 tons, and the low-pressure auction was 600 tons, with a transaction volume of 116 tons, with a transaction rate of 19.
33%.

Spot market: The domestic polyethylene market price continues to fall
.
The price of low pressure in the main region has narrowly decreased, with a range of 100-200 yuan / ton
.
Linear futures fluctuated slightly, merchants were cautious, shipments fell downward, and the trading atmosphere improved slightly from the previous day
.
As of the noon close, the North China market fell 20-70 yuan / ton; East China market fell 50-100 yuan / ton; The South China market fell 50 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 1011 lots, intraday - 120 lots
.
Main position: The top 20 long positions in the main contract are 144136 lots, +84 lots, short positions are 168844 lots, -2840 lots, net positions are -24708 lots, and the net space is reduced
.

Summary: The accelerated spread of the overseas epidemic has caused market panic, and the absolute value of the domestic two barrels of oil and petrochemical inventories is still high, indicating that downstream demand has not fully recovered, crude oil is running weakly, showing that the pressure above is still large, and Shenhua online auction trading volume continues to maintain a historical low level, indicating that downstream demand has not yet recovered
.
These factors suppress linear prices to some extent
.
The future market focuses on whether crude oil can stop falling and rebound
.
In terms of operation, it is recommended that investors can set the take profit in their hands and hold
them cautiously.