The price of continuous plastic futures fell slightly, maintaining a range-bound pattern in the short term

News: 1.
Recently, Chevron Phillips Chemical Company said that its Old Ocean plant in Sweeny, Texas, North America was severely damaged, delaying the start
of all its high-density polyethylene (HDPE) plants.
It is understood that the annual output of the PE unit of the plant is 500,000 tons! 2.
On November 2, Toho Co.
, Ltd.
announced that it will raise the price of all grades of PE from November 22, with an increase of more
than 14 yen/kg (about 788 yuan/ton).

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9100 yuan / ton, +0 yuan
.

Warehouse receipt inventory: warehouse receipts 3967, -36 sheets
.
Main positions: Top 20 long positions 176208, +198, short positions reported 184244, +4194
.
Increased
headroom.

Summary: The average operating rate of domestic polyethylene enterprises was 83.
90% last week, down 0.
31% from 84.
21%
last week.
The total output of polyethylene of domestic enterprises was 456,100 tons, down 05,500 tons
from 46.
16 tons last week.
This week, Luqing Petrochemical put
into operation.
The operating rate of downstream companies reported 54.
9%, down 0.
7%
from last week.
This week's northern agricultural film demand is nearing its end, but Double 11 is expected to boost packaging film demand, and demand is expected to remain stable
.
Last week, inventories by production companies continued to decrease significantly from the previous week, indicating that there is little pressure on the supply side
.
The L2201 contract retreated slightly during the day, indicating pressure on it and support
below.
It is expected that the range-bound pattern
will be maintained in the later stage.