Continuous plastic futures price volatility higher, investors should wait and see for the time being

News: 1.
Longzhong Information reported on March 3: Shenhua coal chemical industry Shenhua Baotou line type bidding volume today 1815 tons, yesterday's bidding volume 1492 tons, today's trading volume of 1045 tons, yesterday's trading volume 0 tons
.
Shenhua Low Pressure bid 100 tons today, 100 tons yesterday, 99 tons today, 100 tons yesterday 2, Longzhong Information reported on March 3: The two oil stocks were 915,000 tons, unchanged
from yesterday.
3.
From January to February 2021, the domestic output of PE pipe materials increased by 28% compared with the same period in 2020 and 26%
over the same period in 2019.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8900 yuan / ton, -0 yuan
.

Warehouse receipt inventory: 9055 warehouse receipts, +90 sheets
.
Main positions: Top 20 long positions 216039, +26243, short positions reported 252524, +24428
.
Reduced
headroom.

Summary: It is rumored that some chemical companies in Texas have resumed production, but it will take time to fully resume work, and there are also equipment shutdowns in Asia for maintenance, and the supply in overseas markets is still tight
.
Domestically, the operating rate of domestic polyethylene manufacturers is still at a high level, and the market supply is sufficient
.
Some downstream enterprises have resumed work, but the operating rate is still lower than the level of previous years, and it is expected that the degree of accumulation during this year's Spring Festival will be lower than the level of
the same period last year.
At present, Liansu maintains a high volatility pattern
.
Operationally, it is advisable
for investors to wait and see for the time being.