Fundamentals long and short intertwined, continuous plastic contracts rebounded low

News: 1.
According to Longzhong statistics, the operating rate of domestic pipe downstream factories decreased by 4%
in December 2020 compared with November 2020.
However, the Spring Festival holiday is approaching, and the number of new orders in some factories in the coming year is objective, and later with the return of year-end payments, or will increase the stocking plan
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7800 yuan / ton, +50 yuan
.
Warehouse receipt inventory: 793 warehouse receipts, +0 sheets
.

Main positions: Top 20 long positions 150868, +2932, short positions reported 167221, +7791
.
Increased
headroom.

Summary: OPEC+ is about to meet, crude oil prices are volatile, boosting the chemical market
.
PE has a new plant planned to start production in December, and the number of units for later maintenance is gradually decreasing, indicating an increase
in market supply.
According to Longzhong statistics, the operating rate of domestic pipe downstream factories in December 2020 decreased by 4% compared with November 2020, and the production of domestic petrochemical plant pipe materials in January increased slightly compared with December, but the Spring Festival holiday is approaching, and the number of new orders in some factories in the coming year is objective, and the later return with the year-end payment may increase the stocking plan
.
Fundamentals are long and short intertwined, L2105 short-term below focus on support around 7550, above focus on pressure around 7900, recommended 7550-7900 range trading
.