The price of continuous plastic futures rebounded to maintain a high volatility pattern

News: 1.
According to Longzhong Information, Maoming Petrochemical has basically determined that the 2nd pyrolysis shutdown maintenance will be carried out for 40-45 days from March 25, and the downstream equipment will be stopped
one after another.
Among them, the PE maintenance equipment involved is 250,000 tons/year of 2# LDPE equipment and 350,000 tons/year of HDPE equipment, and the maintenance impact is expected to be 111,700 tons
.
In addition, CSPC's LDPE plant is scheduled to be shut down for seven days
on March 1.
2.
According to Longzhong statistics, the output of polyethylene in February 2021 was 1,794,400 tons, a decrease of 184,200 tons from the previous month and an increase of 279,200 tons over the same period last year, including 247,200 tons of high pressure, 780,700 tons of low pressure and 766,500 tons
of linearity.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8900 yuan / ton, -50 yuan
.

Warehouse receipt inventory: 815 warehouse receipts, - 0 sheets
.
Main positions: Top 20 long positions 199703, +9907, short positions reported 232856, +4760
.
Reduced
headroom.

Summary: It is rumored that some chemical companies in Texas have resumed production, but it will take time to fully resume work, and there are also equipment shutdowns in Asia for maintenance, and the supply in overseas markets is still tight
.
Domestically, the operating rate of domestic polyethylene manufacturers is still at a high level, and the market supply is sufficient
.
Some downstream enterprises have resumed work, but the operating rate is still lower than the level of previous years, and it is expected that the degree of accumulation during this year's Spring Festival will be lower than the level of
the same period last year.
At present, Liansu maintains a high volatility pattern
.