The price of consecutive plastic futures fluctuated lower, and the bears had a certain advantage

News: 1.
Longzhong Information reported on November 30: The two oil stocks were 680,000 tons, an increase of 5,000 tons
over the previous day.
2.
Longzhong Information reported on November 29: It is understood that it is expected that the Iranian shipping ship will transfer to Hongyuan No.
1 on November 30 to Qingdao Port, and the expected PE arrival volume will reach about
14,800 tons.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8850 yuan / ton, -50 yuan
.

Warehouse receipt inventory: 2924 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 144891, -1137; short positions reported 142626, -6155
.
Net idling to net more
.

Summary: The average operating rate of domestic polyethylene enterprises last week was 87.
18%, an increase of 0.
1% from 87.
08%
last week.
The total output of polyethylene of domestic enterprises was 487,900 tons, an increase of 0.
02 million tons
from 48.
77 tons last week.
Increased market supply
.
The operating rate of PE downstream industries was 55.
9%, down 0.
1%
from last week.
At present, the demand in the field of winding film and foaming is good, and the northern agricultural film is still in the peak season, and it is expected that the demand will pick up
next week.
Last week, the PE inventory of domestic polyethylene enterprises (oil + coal) fell slightly by 3.
61%.

This week, supply is expected to increase, demand to pick up, and social stocks are basically stable
.
The L2201 contract fluctuated lower during the day, indicating that the bears had a certain advantage
.