The price of the continuous plastic period rushed back down, and the fundamentals were intertwined

News: 1.
The average operating rate of polyethylene enterprises last week was 92.
03%, an increase of 1.
61% compared with the operating rate of 90.
42%
in the same period of the previous week.
The total domestic production of polyethylene was 446,100 tons, down 07,800 tons from the previous week's total output of 43.
83 tons
.
The operating rate of PE downstream industries was 60.
9%, +1.
1%
week-on-week.
2.
Longzhong Information reported on January 25: The two oil stocks were 555,000 tons, an increase of 50,000 tons
from last Friday.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7900 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 952 warehouse receipts, -20 sheets
.
Main positions: Top 20 long positions 164449, -21835; short positions reported 202264, -9828
.
Increased
headroom.

Summary: In January, PE maintenance equipment began to resume work, the weekly average operating rate of polyethylene rebounded, and the overall market supply began to recover
.
However, the Spring Festival holiday is approaching, this week and next week may have many companies need to prepare materials, and the petrochemical inventory of two barrels of oil continues to remain low, and the operating rate of downstream products has rebounded last week, indicating that the downstream rigid demand for PE is still there
.
At present, the fundamentals are long and short intertwined, it is expected that the short-term will maintain a range shock, the center of gravity upward pattern, operationally, it is recommended that investors can set a take profit in their hands and hold
cautiously.