The price of continuous plastic futures opens high and goes high, and it is expected that the upward pattern will continue after the holiday

News: 1.
Longzhong Information reported on February 18: The two oil stocks were 920,000 tons, an increase of 325,000 tons
over the pre-holiday period.
2.
Longzhong Information reported on February 18: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 700 tons, the previous day's bidding volume was 897 tons, the intraday trading volume was 699 tons, and the previous day's trading volume was 40 tons
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8400 yuan / ton, +250 yuan
.

Warehouse receipt inventory: 923 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 204102, +20193; short positions reported 242002, +20517
.
Increased
headroom.

Summary: During the Spring Festival, a 7.
3 magnitude earthquake struck Japan, causing the closure
of more than a dozen coal- and gas-fired power plants in northeastern Japan.
Mitsui confirmed the closure of the Chiba cracking plant, which has an annual output of 612,000 tons of ethylene and 330,000 tons
of propylene.
The reduction in ethylene and propylene supply may increase the cost support
of polyethylene.
Domestically, during the Spring Festival holiday, the operating rate of domestic polyethylene manufacturers is still operating at a high level, and the market supply is sufficient
.
In the downstream, affected by the promotion of holidays in the place of employment, the downstream resumption of work may be earlier than in previous years, and it is expected that the degree of accumulation of stocks during the Spring Festival this year will be lower than the same period last year
.
In addition, during the long holiday, crude oil continued to fluctuate higher and also supported
prices.
It is expected that polyethylene will continue to fluctuate upward after
the holiday.
In operation, investors can set a take profit in their hands and hold
them cautiously.