Liansu rebounded slightly and remained weak in the short term

In terms of news, the impact of PE equipment maintenance this week was 40,800 tons, an increase of 29,800 tons
from last week.
Affected by this, polyethylene production was 329,400 tons, a decrease of 28,500 tons
from the previous month.
The average operating rate was 81.
94%, down 6.
81%
month-on-month.
The impact of plant overhaul next week is expected to be 35,500 tons, slightly lower than this week, and PE production is expected to rise
significantly next week.

In the spot market, part of the center of gravity of the domestic polyethylene market shifted down slightly, and the transaction atmosphere improved slightly
.
In terms of enterprises, the opening price of sales companies is mostly stable, and the opening price of a few high pressure and low pressure is still partially reduced, with a range of 50-100 yuan / ton
.
Merchants in the spot market were cautious, the offer part continued to be lowered, and the transaction atmosphere improved slightly
.
As of the noon close, North China was 50-100 yuan / ton lower; East China fell by 50-100 yuan / ton; South China fell by about 100 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 1661 lots, intraday -0 lots; In the historical median zone
.
Main position: The top 20 long positions in the main contract are 154905 lots, -12094 lots, short positions are 204595 lots, -13865 lots, and net long positions are -49690 lots, +1771 lots
.

Summary: The decrease in supply during the peak period of equipment maintenance has some support for it, but the domestic general material market atmosphere has cooled and the market has returned to weakness
.
Downstream manufacturers have limited enthusiasm for purchasing in the market, low willingness to stock up, and slow follow-up of actual transactions
.
Affected by this, some petrochemical enterprises have lowered their ex-factory prices, suppressing the mentality
of the industry.
Traders are confused, in order to avoid future market risks, let profits take the
main thing.
And the operating rate of downstream enterprises continues to be low, and the rise in inventory has also put a certain pressure
on prices.
It is expected that in the short term
, Liansu is more likely to maintain weak operation.
In terms of operation, investors can reduce their holdings at low prices and drop their pockets
.