The main force of Lianplastic fell slightly, and the subsequent continuation of weak shocks was the mainstay

News: Polyethylene production in December was 1.
6206 million tons, an increase of 91,800 tons from the previous month and an increase of 182,400 tons over the same period last year, of which high pressure was 255,700 tons, an increase of 23,100 tons; low pressure was 664,300 tons, a decrease of 04,400 tons, linear 700,600 tons, an increase of 73,100 tons
.

In November 2019, the domestic output of plastic products was 6.
911 million tons, an increase of 1.
511 million tons or 27.
98%
over the same period last year.
From January to November, the output of plastic products totaled 67.
686 million tons
.

In November 2019, China imported 40,000 tons of plastic products, a year-on-year decrease of 699 tons, a decrease of 1.
72%.

From January to November 2019, a total of 412,100 tons of plastic products were imported, down 26,320 tons year-on-year, a decrease of 6%.

In November 2019, China exported 1.
231 million tons of plastic products, a year-on-year decrease of 690 million tons, a decrease of 5.
31%.

A total of 12.
84 million tons of plastic products were exported, an increase of 940,000 tons, or 7.
9%.

Spot market: The domestic polyethylene market fell slightly from steady
.
The sales company's low-pressure price was partially reduced, and the linear and high-pressure were temporarily stable
.
Linear futures are weak and volatile, the spot market has a festive atmosphere, the trading atmosphere is light, and the center of gravity of the real market has shifted
slightly downward.
As of the noon close, the North China market was narrowly adjusted around 50 yuan / ton; The East China and South China markets are temporarily stable
.

Warehouse receipt inventory: exchange warehouse receipts reported 3112 lots, +0 lots
within the day.
Main position: The top 20 long positions in the main contract are 172874 lots, -3229 lots, short positions are 254721 lots, -3625 lots, net positions are -81847 lots, net space is reduced
.

Summary: Fundamentally, the average operating rate of polyethylene companies has fallen
from last week.
The total polyethylene production of domestic enterprises decreased
from last week.
PE market supply is still expected to decrease
slightly.
The two oil inventories continued to fall, indicating that there is little pressure on the market supply
.
The overall operating rate of agricultural film enterprises was 39.
3%, +2.
7%
week-on-week.
The operating rate of shed film enterprises was about 39.
1%, +3.
5%
month-on-month.
The operating rate of mulch film enterprises was 39.
9%, +1.
0% week-on-week, and the overall operating rate of packaging film was 71.
8%, +1.
5%
week-on-week.
At present
, packaging film enterprises are in high-load production before the holiday.
However, this week, downstream companies began to stop work for the holiday, demand may weaken, and factory inventory has accumulated
during the Spring Festival.
Therefore, the subsequent continuation of weak volatility is the mainstay, operationally, it is recommended that investors hold short orders in their hands with caution
.