The rebound of continuous plastic futures prices is blocked, and the market is well supplied

News: 1.
Longzhong Information reported on February 24: The two oil stocks were 875,000 tons, down 15,000 tons
from the previous day.
2.
Longzhong Information reported on February 24: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 2204 tons, the previous day's bidding volume was 988 tons, the intraday trading volume was 1900 tons, and the previous day's trading volume was 878 tons
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8950 yuan / ton, -100 yuan
.
Warehouse receipt inventory: 915 warehouse receipts, -0 sheets
.

Main positions: Top 20 long positions 198169, -17232; short positions reported 239365, -10774
.
Increased
headroom.

Summary: The extremely cold weather in the United States has led to a decrease in oil and gas exploitation, and many chemical companies have also stopped work and production, resulting in a decrease in the supply of chemicals in the market; The earthquake in Japan also caused a number of chemical companies in northeastern Japan to stop production, causing market participants to worry
about the insufficient supply of chemical commodities.
Domestically, during the long holiday, the operating rate of domestic polyvinene production enterprises is still 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
.
However, it is rumored that some chemical companies in Texas have resumed production, and after a sustained sharp rise, it is necessary to prevent a technical correction
in the short term.