Liansu rushed back down, and the futures price closed slightly higher

News: 1.
Longzhong Information's two oil stocks were 670,000 tons (yesterday's inventory was revised to 705,000 tons), down 35,000 tons
from yesterday.
2.
Pucheng clean energy full-density polyethylene plant production capacity is 300,000 tons/year, plant output is 7042
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7900 yuan / ton, +100 yuan
.

Warehouse receipt inventory: 793 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 147686, -2868; short positions reported 164575, -2262
.
Increased
headroom.

Summary: Crude oil prices weakened as the OPEC+ meeting failed to agree on February output coupled with pandemic concerns
.
Two barrels of polyolefin oil and petrochemical inventories continued to remain low, indicating that supply-side pressure is not large
.
The operating rate of the downstream agricultural film industry increased by 5.
4 percentage points from last week; the operating rate of the pipe industry decreased by 3 percentage points
from last week.
After the holiday, there is a demand for replenishment in the downstream of the market, and the overall supply and demand pressure of the market is not large
.
The L2105 contract fell back intraday and closed slightly higher, focusing on the pressure around 7800 above the short-term and the support around 7550 below, and it is recommended to trade
in the 7550-7800 range.