Liansu contract volatility to the upside, the short-term rally is expected to continue

News: 1.
Longzhong Information reported on June 21: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 877.
075 tons, the previous day's bidding volume was 899.
075 tons, the intraday trading volume was 870 tons, and the previous day's trading volume was 791 tons
.
2.
As of the week of June 18, 2021, the total inventory of polyolefin samples in major domestic ports was 333,300 tons, down from last week's inventory and up 67,900 tons
from last year.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7900 yuan / ton, +150 yuan
.

Warehouse receipt inventory: 5630 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 196214, -4451; short positions reported 231498, -13006
.
Reduced headroom

Summary: The average operating rate of polyethylene enterprises increased last week, and polyethylene production increased
.
Inventories of production companies have rebounded for four consecutive weeks, indicating that the market is well supplied
.
However, the operating rate of various downstream industries of PE continued to increase compared with the previous week, especially the operating rate of the agricultural film and pipe industry
.
In addition, the strong trend of crude oil also supported the price of Liansu
.
The L2109 contract fluctuated to the upside during the day, closing at the pressure level of 7860, and the short-term rally is expected to continue
.