Crude oil maintains a high volatility pattern, and the cost support of continuous plastic is still there

News: 1.
Two barrels of oil stocks reported 730,000 tons (yesterday's inventory was revised to 750,000 tons), down 20,000 tons
from yesterday.
2.
Shenhua coal chemical industry Shenhua Baotou linear bidding volume today 935.
775 tons, yesterday's bidding volume 935.
775 tons, today's trading volume 675 tons, yesterday's trading volume 400 tons
.
Shenhua Low Pressure bid 223 tons today, 223 tons yesterday, 217 tons today, and 12 tons
yesterday.
Yulin High Pressure bid 112 tons today, 112 yesterday's auction volume 33 tons today, and 0 tons
yesterday.
Xinjiang High Pressure bid 50 tons today, 50 tons yesterday, 50 tons today, and 50 tons
yesterday.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7150 yuan / ton, +30
.

Warehouse receipt inventory: 972 warehouse receipts, +0
.
Main positions: Top 20 long positions 151857, +13088, short positions 156752, +17034
.
Increased
headroom.

Summary: After entering the middle and late August, three new units are planned to be put into production, and after entering the middle and late August, the number of overhauled units is gradually reduced, and it is expected that the market supply will increase
significantly in the later period.
However, the recent polyolefin inventory in major domestic ports is still maintained in the historical low area, and the recent two barrels of oil and petrochemical inventories are also in the low area of the past few years, indicating that the short-term supply pressure is not large, crude oil maintains a high volatility pattern, and the cost support of continuous plastic is still there
.
In terms of operation, investors can set a take profit in their hands and hold
them cautiously.