The price volatility of plastic futures shows that the bulls still have the advantage

News: 1.
Longzhong Information reported on July 12: Shenhua Coal Chemical Shenhua Baotou Line Auction Volume was 893.
275 tons, the previous day's bidding volume was 939.
275 tons, the intraday trading volume was 783.
275 tons, and the previous day's trading volume was 734 tons
.
Shenhua low-pressure intraday bidding volume was 460 tons, the previous day's auction volume was 316 tons, the intraday trading volume was 460 tons, and the previous day's trading volume was 99 tons
.
2.
According to Longzhong Information's estimate, this week's polyethylene production has decreased compared with last week, a decrease of about 1.
79%.

Each product has different amplitude adjustments, among which the low pressure drop is 4.
79%, the high pressure increase is 12.
21%, and the linear type is 2.
10%.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8400 yuan / ton, +200 yuan
.

Warehouse receipt inventory: 5371 warehouse receipts, -0 receipts
.
Main positions: Top 20 long positions 239328, +18851, short positions reported 267064, +17501
.
Reduced
headroom.

Summary: The average operating rate of polyethylene enterprises has rebounded last week, polyethylene production has increased, and the inventory of production enterprises has rebounded, indicating sufficient
supply.
The operating rate of various downstream industries of PE increased slightly compared with the previous week, of which agricultural film and hollow enterprises increased slightly, while pipe, injection molding industry and packaging film industry declined, especially the operating rate of packaging film enterprises decreased significantly
.
Driven by the favorable reduction of the central bank's RRR, the L2109 contract fluctuated higher during the day, indicating that the bulls still have the advantage
.