Liansu contract volume reduced position, futures price volatility higher

News: 1.
In 20020, the annual output of mulch film is about 1.
2 million tons, more than 95% of which is produced with domestic linear PE, and the domestic linear output in 2020 is 8.
2828 million tons, of which the amount of linear PE in mulch film accounts for about 14% (1.
16 million tons)
of the total domestic linear PE output.
2.
Longzhong Information reported on February 22: Shenhua coal chemical industry Shenhua Baotou line type bidding volume today 1050 tons, yesterday's bidding volume 897 tons, today's trading volume of 1050 tons, yesterday's trading volume of 40 tons
.
3.
As of the week of February 19, China's polyethylene production totaled 454,100 tons, a year-on-year decrease of 0.
05% from last week, and this week's output is estimated to decrease by about
1.
27% compared with last week's output.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8750 yuan / ton, +250 yuan
.

Warehouse receipt inventory: 915 warehouse receipts, -8 sheets
.
Main positions: Top 20 long positions 226227, -19713; short positions reported 265807, -8819
.
Increased
headroom.

Summary: The extremely cold weather in the United States has led to a decrease in oil and gas exploitation, and many chemical companies have also stopped work and production, resulting in a decrease in the supply of chemicals in the market; The earthquake in Japan also caused a number of chemical companies in northeastern Japan to stop production, causing market participants to worry
about the insufficient supply of chemical commodities.
Domestically, during the long holiday, the operating rate of domestic polypropylene manufacturers is still operating at a high (about 90%) level, and the market supply is sufficient
.
In the downstream, affected by the promotion of festivals in the place of employment, the downstream resumption of work may be earlier than in previous years (generally between the tenth and fifteenth of the first month), and it is expected that the degree of accumulation of this year's Spring Festival will be lower than the same period last year
.
However, after a sustained sharp rally, a technical correction
needs to be prevented in the short term.
In terms of operation, investors can reduce their holdings in the hands of a sharp rise, drop their bags for safety, and take them back
after they return.