The price of continuous plastic futures rose sharply, and the bullish pattern continued in the short term

News: 1.
Affected by the policy of dual control of high coal prices and energy consumption, the production of some domestic PE coal enterprises has been affected
.
Zhongtian Hechuang has stopped two sets of high-pressure and minus 50% and full-density plants since September 5, and the production of full-density units of Jiutai Group has dropped to about
70%.
Market supply has decreased
.
2.
Longzhong Information reported on September 15: Shenhua coal chemical industry Shenhua Baotou line type auction volume today 384 tons, yesterday's bidding volume 578 tons, today's trading volume of 284 tons, yesterday's trading volume of 478 tons
.
Shenhua Low Pressure auctioned 642 tons today, 492 tons yesterday, 592 tons today, and 111 tons
yesterday.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8650 yuan / ton, +100 yuan
.

Warehouse receipt inventory: 5200 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 270976, +33219, short positions reported 275986, +19536
.
Reduced
headroom.

Summary: The average operating rate of polyethylene enterprises rebounded last week, and the supply of polyethylene increased
.
The operating rate of downstream industries increased slightly month-on-month, mainly due to the increase in the operating rate of agricultural film, pipe, hollow and injection molding enterprises, while the operating rate of packaging film enterprises fell slightly
.
Inventories by producers fell slightly this week, indicating that there is no pressure
on the supply side.
Recently, due to the dual control policy of energy consumption in many places, Yulin City required local coal chemical enterprises to reduce their output
by 50% in the fourth quarter.
The PE production capacity involved is about 1.
5 million tons (if it is reduced by 50%, it will affect about 750,000 tons).

Affected by the policy of dual control of high coal prices and energy consumption, the production of some domestic PE coal enterprises has also been affected
.
Zhongtian Hechuang has stopped two sets of high-pressure and minus 50% and full-density plants since September 5, and the production of full-density units of Jiutai Group has dropped to about
70%.
Affected by this, today's L2201 contract increased sharply to the upside, and then reached a new high, and the bullish pattern continued
in the short term.