Social inventories fell slightly, and Lianplastic opened low and went high

News: Shenhua coal chemical industry Shenhua Baotou linear intraday bidding volume of 610 tons, the previous day's bidding volume of 565 tons, intraday trading volume of 10 tons, the previous day's trading volume of 415 tons
.
Shenhua low-pressure intraday auction volume was 732 tons, the previous day's auction volume was 939 tons, the intraday trading volume was 262 tons, and the previous day's trading volume was 739 tons
.
Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 50 tons, the intraday trading volume is 10 tons, and the previous day's trading volume is 50 tons
.

Spot market: The domestic polyethylene market is mixed
.
The sales opening price of the main region is partially adjusted by 50-150 yuan / ton, linear futures fluctuate higher, the market offer is narrowly adjusted, merchants follow the market to ship, downstream cautious wait-and-see, just need to take the goods, the real transaction is general
.
As of the noon close, the market offer of the main region adjusted by 50-100 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipts reported 862 lots, intraday - 81 lots
.
Main position: The top 20 long positions in the main contract are 253342 lots, +5053 lots, short positions are 280131 lots, -1650 lots, and the net position is -26789 lots, with a decrease
in net space.

Summary: The overseas epidemic seems to be showing signs of easing, vaccine research has also been positive, which has boosted market confidence, and the voluntary reduction of production by major oil-producing countries has also supported
the market 。 On the industrial chain, linear downstream demand has weakened, agricultural film demand is basically over, shed mold demand has not yet begun, packaging film demand is basically stable, showing that downstream demand recovery is still insufficient, and the current import profit is still at a high level, it is expected that the import source will be concentrated in May to the port, these factors will suppress the price, but LNG prices, crude oil, ethylene prices have rebounded significantly, improving the linear cost support, and after entering May, the maintenance of the equipment has increased, the operating rate of PE production enterprises has declined, and the output has decreased.
This has led to a slight decline in social inventory, and some factors will form some support
for Liansu.
Operationally, investors can hold long positions with caution
.