The volume of continuous plastic contracts increased positions, and the futures price fluctuated higher

News: 1.
Longzhong Information reported on January 21: The two oil stocks were 520,000 tons, down 20,000 tons
from the previous day.
2.
Longzhong Information reported on January 21: 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 700 tons, and the previous day's trading volume was 40 tons
.
Shenhua low pressure intraday bidding volume of 100 tons, previous day's bidding volume of 50 tons, intraday trading volume of 8 tons, previous day's trading volume of 50 tons
.
Yulin high-pressure intraday bidding volume was 51 tons, the previous day's auction volume was 51 days, the trading volume was 0 tons, and the previous day's trading volume was 0 tons

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

Warehouse receipt inventory: 972 warehouse receipts, -149 sheets
.
Main positions: Top 20 long positions 164863, +13607; short positions reported 200039, +18997
.
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 the two barrels of oil continues to fall slightly, while the downstream product operating rate 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.