LL&PP high opening narrow range oscillation upstream destocking rhythm

The spot price of the two trading days after the holiday continued before the holiday, most of the downstream has not been reworked, the market atmosphere is flat, North China linear mainstream 9300-9600 yuan / ton, East China linear mainstream 9350-9600 yuan / ton, PP brushed East China mainstream 9100-9300 yuan / ton, PP co-gathered East China mainstream 9400-9600 yuan / ton
.

The downstream of the US dollar has not yet started, the market atmosphere is light, port inventory is accumulating, and some quotations are declining
.
The linear dollar price is 1200-1240 US dollars / ton, the average mainstream is 1220-1240 US dollars / ton, and the total mainstream is 1230-1260 US dollars / ton
.

During the festival two oil stocks accumulated, today's two oil five major resin stocks are estimated at 1.
01 million tons, 50,000 tons less than yesterday, more than 300,000 tons higher than before the holiday, an increase of about 50%, from the post-holiday inventory accumulation in recent years, the 18-year increase is relatively normal, but the overall inventory is still at a high level
.

Considering that the downstream maintenance of low inventory operations before the holiday, and the current decline in raw materials and the relatively stable price of finished products, the recovery of downstream profits may drive post-holiday replenishment, and the seasonal demand for mulch film will support plastic prices
.
Overall, demand lag and new material replacement return bring support to the bottom, pay attention to the downstream follow-up start and upstream destocking rhythm
.