Even plastic oscillations go lower Short orders can be held cautiously

News: Guangzhou Petrochemical PE full-density unit first-line/second-line parking, scheduled to start on
November 5.

Spot market: The focus of the domestic polyethylene market has shifted
downward.
In terms of petrochemicals, the billing situation of sales companies is general, and the opening price is stable or decreasing
.
Linear futures are weak and lower, the spot market is not well traded, merchants offer lower, and real orders are profitable
.
As of the noon close, the North China and East China markets adjusted 50-100 yuan / ton; The South China market is temporarily stable
.

Warehouse receipt inventory: exchange warehouse receipt reported 2036 lots, intraday - 0 lots; In the historical median zone
.
Main position: The top 20 long positions in the main contract are 203581 lots, +5155 lots, short positions are 208999 lots, +1586 lots, and the net position is -5418 lots, with a decrease
in net shorting.

Summary: After the long holiday, driven by the replenishment of downstream enterprises, the petrochemical inventory of the two barrels of oil fell significantly
.
Spot prices stopped falling and rebounded
.
The downstream agricultural film gradually entered the peak season, the start of construction increased significantly, these factors to LLDPE to a certain extent, however, the International Monetary Fund lowered the global economic growth rate in 2019 to 3%, the growth rate is the lowest in 10 years, hit market confidence, and international crude oil short-term stagflation signs, Asian ethylene trend continues to weaken, is expected to suppress
LLDPE.
Operationally, investors can hold short orders cautiously
.