The futures price rose slightly

News: 1.
Shenhua Coal Chemical Industry Shenhua Baotou Linear bidding volume today 800 tons, yesterday's bidding volume 1000 tons, today's trading volume 788 tons, yesterday's trading volume 750 tons
.
Shenhua Low Pressure bid 100 tons today, 100 tons yesterday, 0 tons today, 0 tons yesterday.

2.
As of September 18, 2020, the total inventory of polyolefin samples in major domestic ports reported 269,700 tons, up from last week and down 40,700 tons
from last year.
3.
In the third quarter, the new domestic PE production capacity began to enter the concentrated production period, Baolai test in August, qualified products in September, qualified products in Quanzhou on the 17th, and follow-up Zhongke Refining and Chemical followed suit
.
Domestic new production capacity is concentrated in the third and fourth quarters, and it is expected that the supply pressure will increase
significantly in the fourth quarter.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7400 yuan / ton, +50 yuan
.

Warehouse receipt inventory: 1609 warehouse receipts, -358 sheets
.
Main positions: Top 20 long positions 170496, +212, short positions 175912, -1004
.
Reduced
headroom.

Summary: Crude oil has rebounded, and the operating rate of downstream agricultural film enterprises has rebounded, and the recent polyolefin inventory in major domestic ports has remained at a historical low area, indicating that the short-term supply pressure is not large
.
However, after entering the second half of September, PE has a new plant planning to put into production, and the number of equipment for later maintenance is gradually reduced, and it is expected that the supply of the market will increase significantly in the later stage, in addition, the two barrels of oil and petrochemical inventories have begun to recover or will limit the linear increase
.
The market focuses on the support of the moving average below
.
Operationally, investors operate
in the range of 7350-7550.