Liansu contract volume increased position, futures price volatility lower

News: 1.
Longzhong Information reported on May 19: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 1036 tons, the previous day's bidding volume was 800 tons, the intraday trading volume was 25 tons, and the previous day's trading volume was 550 tons
.
Shenhua low-pressure intraday auction volume was 6.
55 tons, the previous day's auction volume was 141 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 134.
5 tons
.
Xinjiang high-pressure intraday bidding volume was 155.
075 tons, the previous day's bidding volume was 169.
075 tons, intraday trading volume was 0 tons, and the previous day's trading volume was 70 tons
.
2.
According to Longzhong based on the calculation of sample enterprises, the overall operating rate of PE pipe enterprises last week was +1%
compared with last week.
From January to April 2021, the domestic output of PE pipe materials increased by 28% compared with the same period in 2020 and 33%
over the same period in 2019.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8050 yuan / ton, -200 yuan
.

Warehouse receipt inventory: 7263 warehouse receipts, +488 sheets
.
Main positions: Top 20 long positions 220158, +17025; short positions reported 266838, +12105
.
Reduced
headroom.

Summary: The average operating rate of polyethylene enterprises fell last week, production decreased, and the supply of PE market decreased
.
The inventory of production enterprises continued to decrease, and the inventory of social enterprises in East China also fell slightly, and was lower than the level of the same period last year
.
It shows that there is not much
pressure on the supply side.
Demand: The operating rate of PE downstream industries this week decreased from the previous week, of which agricultural film fell by 4.
1%.

It is expected to suppress the upside, and the future market may test the support of the 7770 yuan line
.