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

News: 1.
Longzhong Information reported on December 24: The two oil stocks were 620,000 tons, down 05,000 tons
from the previous day.
2.
Longzhong Information reported on December 24: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 1067 tons, the previous day's bidding volume was 700 tons, the intraday trading volume was 799 tons, and the previous day's trading volume was 32 tons
.
Yulin high-pressure intraday bidding volume is 51 tons, the previous day's auction volume is 0 tons, and the previous day's trading volume is 0 tons
.
3.
As of December 23, the PE inventory of domestic polyethylene enterprises (oil + coal) declined, with a week-on-week decrease of 9.
49%.

Among them, the total PE inventory of two barrels of oil declined, with a week-on-week decrease of 10.
07%.

Sinopec's PE inventory decreased by 25.
57% week-on-week; CNPC PE inventories decreased by 3.
04%
week-on-week.
PE inventories of coal-based enterprises fell by 7.
81%
week-on-week.

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

Warehouse receipt inventory: 744 warehouse receipts, -105 sheets
.
Main positions: Top 20 long positions 143172, +9063, short positions reported 151943, +13103
.
Increased
headroom.

Summary: Two barrels of oil and petrochemical inventories continue to remain low, indicating that there is little pressure on the supply side
.
However, PE has plans to put new installations into production in December, and the number of units for later maintenance is gradually decreasing, indicating an increase
in market supply.
As the weather gradually becomes colder, although the demand for agricultural film has rebounded slightly, the demand for pipes in the north has gradually weakened, and the demand for packaging film has also decreased
.
In operation, investors can set a stop loss at the high and test the short
position lightly.