Liansu contract shrinks and increases positions, and the futures price fluctuates lower

News: 1.
Longzhong Information reported on September 22: The two oil stocks were 675,000 tons (yesterday's revised inventory was 720,000 tons), down 45,000 tons
from yesterday.
2.
Shenhua Coal Chemical Industry Shenhua Baotou linear bidding volume today 812 tons, yesterday's bidding volume 800 tons, today's trading volume 19 tons, yesterday's trading volume 788 tons
.
3.
In August 2020, the output of plastic products in China was 6.
566 million tons, down 3.
0% year-on-year; From January to August, the total output of plastic products in China was 46.
126 million tons, down 13.
3%
year-on-year.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7350 yuan / ton, -50 yuan
.

Warehouse receipt inventory: 1609 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 174171, +3675, short positions 177230, +1318
.
Reduced
headroom.

Summary: The operating rate of downstream agricultural film enterprises has rebounded, and the recent polyolefin inventory in major domestic ports has remained in the historical low area, indicating that the short-term supply pressure is not large
.
However, after entering the end of September, PE has a new device production plan, and the later maintenance of the equipment gradually decreased, it is expected that the market supply will increase significantly in the later stage, in addition, the trend of crude oil weakened, but also to a certain extent to the price of plastics to a certain extent
.
Operationally, the short orders in the hands of investors can be set to take profit and held
cautiously.