Liansu contract shrinks and reduces positions, and the futures price fluctuates lower

News: 1.
In September 2021, domestic PE production continued to increase
month-on-month.
According to Longzhong information statistics, in September, China's PE output was about 1.
9187 million tons, an increase of 0.
89 million tons, an increase of 0.
466%, and 161,300 tons, or 9.
18%,
higher than the same period last year.
Due to the reduction in plant maintenance in October and the commissioning of Sinopec's new plant, it is expected that the output in October 2021 will continue to rise sharply compared with September, and the output is expected to be 2.
1261 million tons
.
In the later stage, with the commissioning of new equipment, it is expected that the increment will maintain a steady and rising pattern
.
2.
In September 2021, China's PE import and export volume decreased
month-on-month.
Data show that in September 2021, domestic imports of PE totaled 1.
2043 million tons, a decrease of 106,500 tons from the previous month, an increase of -8.
12%, and -42.
1 tons over the same period last year, an increase of -25.
9%.

From January to September 2021, China imported a total of 11.
2617 million tons of PE, an increase of -17.
87%
over the same period last year of -2.
4508 million tons.
In September 2021, domestic PE exports were 46,500 tons, -04,900 tons, an increase of -9.
55%, and +21,900 tons, an increase of 88.
86%.

From January to September 2021, domestic exports totaled 41.
28 tons of PE, +220,900 tons over the same period last year, an increase of 115.
14%.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9250 yuan / ton, -0 yuan
.

Warehouse receipt inventory: 4519 warehouse receipts, +0 sheets
.
Main positions: the top 20 long positions 191422, -2296; short positions reported at 185380, -6132
.
Net increase
.

Summary: Last week, polyethylene supply and demand were weak
.
The average operating rate of domestic polyethylene enterprises was 83.
98%, down 2.
35% from 86.
33%
last week.
Polyethylene production was 459,500 tons, down 10,300 tons
from 46.
98 tons last week.
In the later stage, we will pay attention to the production progress
of Zhejiang Petrochemical and Luqing Petrochemical in late October.
54.
4%, down 0.
2%
from last week.
Among them, the operating rate of agricultural film and pipe has increased, but the operating rate of packaging film, hollow and injection molding has declined, and downstream demand has decreased
.
The inventory of production enterprises increased significantly from the previous week, with a week-on-week increase of 13.
53%, higher than the same period last year
.
The National Development and Reform Commission has strengthened supervision and strictly investigated and dealt with capital malicious speculation of coal, which is expected to suppress
coal prices.
The intraday L2201 contract fluctuated lower, indicating that the bears still have the advantage
.