Continuous plastic contracts shrink and reduce positions, and the futures price is narrowly sorted

News: 1.
Production schedule of Zhenhai polyethylene plant in August 2020: 7050HJ on July 31, 7050H on August 1, M2320 on August 1, 7042 on 12, 7050H on 16, 7042 on 19, 7050H on 22, 7042 on 25, 7050H on 31
.
In August, the planned output of Zhongsha Tianjin PE low-pressure discharge was 27,000 tons, and the linear planned discharge output was 24,000 tons
.
2.
Shenhua Coal Chemical Industry Shenhua Baotou linear intraday bidding volume of 818 tons, the previous day's bidding volume was 950 tons, the intraday trading volume was 534 tons, and the previous day's trading volume was 600 tons
.
Shenhua low-pressure intraday bidding volume was 286 tons, the previous day's auction volume was 350 tons, the intraday trading volume was 286 tons, and the previous day's trading volume was 193 tons
.
Yulin High Pressure intraday bidding volume was 32.
175 tons, the previous day's bidding volume was 82.
18 tons, the trading volume within the day was 0 tons, and the previous day's trading volume was 49 tons
.
Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 50 tons, the intraday trading volume is 50 tons, and the previous day's trading volume is 50 tons
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7100 yuan / ton, -0
.

Warehouse receipt inventory: warehouse receipt 328, -5
.
Main positions: Top 20 long positions 163937, -7431, short positions 165678, -3682
.
Net multi-turn headroom
.

Summary: Crude oil maintains a high volatility pattern, which forms a certain support
for chemicals.
Fundamentally, there are still many PE devices in China under maintenance, port inventories remain at a historically low level, and two barrels of oil and petrochemical inventories are also lower than the same period last year, indicating that the sales pressure of production enterprises is not large, and these factors are expected to have some support
for prices.
Operationally, investors can hold long positions with caution
.