Continuous plastic shock decline, the possibility of weakness in the short term is greater

In terms of news, it is understood that technology research and development has built a liquefaction oil production device for processing 30 tons of garbage and waste plastics per day, completed intermediate tests, and opened up the process flow
.
After 50 days of continuous operation and production, 1532.
73 tons of waste plastics were actually processed, 1233.
93 tons of fuel oil were produced, and the oil production rate was 80.
5%.

After the test of the Institute of Petrochemical Technology, the fuel oil has reached the national No.
2 fuel oil product quality standard
.

The report shows that the main points of the survey of sales companies, traders, logistics and downstream enterprises in Tianjin are: 1.
Terminal demand is weakening; 2.
Imports continue to grow, and the export threshold is still difficult to cross; 3.
The equipment + process technology of terminal enterprises is gradually mature, and the boundary between different varieties of raw materials is weakened; 4.
Most of the new production capacity is large-scale coal chemical equipment, and it is difficult to upgrade and transform products; 5.
The industry lacks new demand points
.
Overall, industrial chain enterprises are still pessimistic
about the supply and demand relationship of PE in the future market.

In the spot market, the domestic polyethylene market atmosphere continues to be weak
.
In terms of enterprises, the prices of linear, high-voltage and low-pressure wire drawing of the main regional sales companies have been reduced, with a range of 50-100 yuan / ton
.
Linear futures are weak and volatile, the trading atmosphere of the spot market is not high, the attitude of merchants is wait-and-see, the offer is slightly adjusted, and the real market is inclined to negotiate
.
As of the noon close, the volatility in North China was 50-150 yuan / ton; 50-100 yuan / ton in East China; Some parts of South China fell slightly by 50 yuan / ton
.

warehouse receipt inventory, exchange warehouse receipt reported 1563 lots, intraday +0 lots; In the historical median zone
.
Main positions: The top 20 long positions in the main contract are 176113 lots, -174 lots, short positions are 235231 lots, +120 lots, and net long positions are -59118 lots, -294 lots
.

In summary, the active transaction of Shenhua's online auction has supported the price of LLDPE
.
However, the operating rate of downstream enterprises continues to be low, and the center of gravity of the spot market continues to decline, which has a certain pressure
on prices.
It is expected that in the short term
, Liansu is likely to maintain a weak shock.
In operation, investors can set the take profit for short orders in their hands and hold
them cautiously.