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

News: 1.
Longzhong Information reported on November 24: The two oil stocks were 580,000 tons (the revised inventory of 630,000 tons in the previous day), down 50,000 tons
from the previous day.
2.
Shenhua Coal Chemical Industry Shenhua Baotou linear intraday bidding volume of 500 tons, the previous day's bidding volume was 664.
075 tons, the intraday trading volume was 500 tons, and the previous day's trading volume was 664.
075 tons
.
Shenhua low-pressure intraday bidding volume was 13 tons, the previous day's bidding volume was 13 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 0 tons
.
3.
As of November 20, 2020, the total inventory of polyolefin samples in major domestic ports reported 313,300 tons, down 13,000 tons from last week's inventory and up 90,900 tons
from last year.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8200 yuan / ton, +150 yuan
.

Warehouse receipt inventory: 1070 warehouse receipts, -sheets
.
Main positions: the top 20 long positions 156120, -2383, short positions 185312, -386
.
Increased
headroom.

Summary: PE has plans to put new equipment into production, and the number of units for later maintenance is gradually decreasing, indicating that the market supply has increased
.
In terms of demand, as the weather gradually cools, the demand for agricultural film in the north is stable, and the demand for packaging film is still relatively strong
.
Social inventories continue to remain low, indicating a good recovery in downstream demand, which supports linear prices
.
At present, the bulls in the market are in full swing, but it is necessary to prevent a technical correction
in the short term.
In operation, investors can set a take profit and hold it cautiously, but it is not recommended to chase higher
.