Even plastic futures price weak sorting out It is appropriate to wait and see for the time being

News: 1.
Zhong Information reported on March 30: Shenhua Coal Chemical Industry Shenhua Baotou linear bidding volume was 1745 tons, the previous day's bidding volume was 1894 tons, the intraday trading volume was 1263 tons, and the previous day's trading volume was 1205 tons
.
Shenhua low-pressure intraday bidding volume is 100 tons, the previous day's bidding volume is 100 tons, the intraday trading volume is 100 tons, and the previous day's trading volume is 0 tons
.
2.
According to the Longzhong Shandong polyethylene downstream visit report: in the first quarter of 2021, the price of raw materials was higher, the profit of terminal enterprises was low, the average order of polyethylene terminal enterprises was not as good as in previous years, the purchase intention of raw materials was low, and the support for polyethylene was not as good as in previous years
.
Enterprises are more repulsive to high-priced raw materials, enterprise inventory is lower than in previous years, most enterprises purchase according to the order, and buy
as they go.
At present, the agricultural film enterprises in the downstream enterprises of polyethylene are starting at 5-60%, and some small and medium-sized enterprises are unwilling to accept orders due to poor profits and have not started
.
March is the peak season for mulch film production, and under normal circumstances, production can be maintained until mid-April, and some companies end production
at the end of March.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8650 yuan / ton, +0 yuan
.
Warehouse receipt inventory: 0 warehouse receipts, -242 receipts
.

Main positions: Top 20 long positions 172336, -31; short positions reported 186991, +1403
.
Reduced
headroom.

Summary: In March, there were still installations in Asia for shutdown and maintenance, and supply in overseas markets remained tight
.
Dow Chemical said the price of all polyethylene resin it sells in the U.
S.
will increase by 9 cents/pound ($200/ton)
starting in April.
Domestic: The average operating rate of domestic polyethylene enterprises rose slightly to 97.
98% last week, and the domestic production of polyethylene increased
.
The operating rate of domestic PE downstream industries remained stable, reporting 59%, in addition to the decline in the operating rate of agricultural film enterprises, the operating rate of pipe, packaging film, hollow and injection molding enterprises all increased
by different amounts.
The PE inventory of domestic polyethylene enterprises (oil + coal) continued to decline, down 6.
36%
week-on-week.
Downstream bargain hunting, resistance to high prices, poor shipments by traders, and inventories continued to rise by 20.
54%, indicating that the inventory of production enterprises showed signs
of shifting to middlemen.
Lianyungang Petrochemical has a new plant put into operation in mid-April, and the market is expected to be
well supplied.
Operationally, it is advisable
for investors to wait and see for the time being.