The price of the continuous plastic period has rebounded low, indicating strong support below

News: 1.
Longzhong Information reported on May 26: The two oil stocks were 700,000 tons, down 40,000 tons
from yesterday.
2.
Longzhong Information reported on May 26: Shenhua coal chemical industry Shenhua Baotou line type auction volume today 900 tons, yesterday bidding volume 1,000 tons, today's trading volume of 799 tons, yesterday's trading volume of 900 tons
.
Xinjiang High Pressure bid 314 tons today, 251.
075 tons yesterday, 0 tons today, and 106 tons
yesterday.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7880 yuan / ton, -70 yuan
.

Warehouse receipt inventory: 7050 warehouse receipts, -0 sheets
.
Main positions: the top 20 long positions 207353, +1378, short positions reported 237177, -5589
.
Reduced
headroom.

Summary: The average operating rate of polyethylene enterprises fell back last week, PE production increased, and market supply increased
.
This week, the operating rate of PE downstream industries has generally decreased
from the previous week.
Among them, the decline of hollow enterprises is particularly obvious, while the operating rate of film enterprises has rebounded
slightly.
The inventory of production enterprises continued to decrease, and the inventory of East China also fell slightly, indicating that the pressure on the supply side is not large
.
In addition, the National Council twice talked about the commodity price issue triggering the market's expectations for price control, which is expected to suppress the upside of the line line, and Guangdong's peak shifting production is also expected to affect the PE downstream industry
.
Today's L2109 contract has rebounded from the low, indicating strong support below, and operationally, it is recommended that investors wait and see for the time being
.