The price of continuous plastic futures fluctuated higher, indicating strong support below

News: 1.
Longzhong Information reported on June 1: The inventory of the two oils is 760,000 tons, an increase of 30,000 tons
over yesterday.
2.
Longzhong Information reported on June 1: Shenhua coal chemical industry Shenhua Baotou line type bidding volume today 710 tons, yesterday's bidding volume of 160 tons, today's trading volume of 657 tons, yesterday's trading volume of 0 tons
.
Shenhua Low Pressure bid 160 tons today, 160 tons yesterday, 0 tons today, and 32 tons
yesterday.
Xinjiang High Pressure auctioned 50 tons today, 0 tons yesterday, 30 tons today, and 0 tons
yesterday.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7900 yuan / ton, +50 yuan
.

Warehouse receipt inventory: 6987 warehouse receipts, -1 sheet
.
Main positions: Top 20 long positions 202776, -5435; short positions reported 240861, -2646
.
Increased headroom

Summary: The average operating rate of polyethylene enterprises fell back last week, PE production increased, and market supply increased
.
This week, the operating rate of PE downstream industries has generally decreased
from the previous week.
Among them, the decline of hollow enterprises is particularly obvious, while the operating rate of film enterprises has rebounded
slightly.
The inventory of production enterprises continued to decrease, and the inventory of East China also fell slightly, indicating that the pressure on the supply side is not large
.
In addition, the National Council twice talked about the commodity price issue triggering the market's expectations for price control, which is expected to suppress the upside of the line line, and Guangdong's peak shifting production is also expected to affect the PE downstream industry
.
Today's L2109 contract is volatile higher, indicating strong
support below.
In terms of operation, it is recommended that investors can set a take profit in their hands and hold
them cautiously.