The price of continuous plastic futures will rebound in the later period, and the range shock pattern will be maintained

News: 1.
Longzhong Information reported on November 4: Shenhua coal chemical industry Shenhua Baotou linear bidding volume of 100 tons, the previous day's bidding volume 0 tons, intraday trading volume 100 tons, the previous day's trading volume 0 tons
.
Shenhua low-pressure intraday bidding volume was 375 tons, the previous day's bidding volume was 270 tons, the intraday trading volume was 0 tons, and the previous day's trading volume was 120 tons
.
Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 50 tons, the intraday trading volume is 35 tons, and the previous day's trading volume is 50 tons
.
2.
The total production capacity of the PE plant is 670,000 tons, including 120,000 tons/year of LDPE (kettle) plant, 250,000 tons/year of LDPE (tubular type) device and 300,000 tons/year of full-density device
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8950 yuan / ton, +50 yuan
.

Warehouse receipt inventory: 4096 warehouse receipts, +19 sheets
.
Main positions: Top 20 long positions 168204, +2280, short positions reported 164348, +1555
.
Net increase
.

Summary: The average operating rate of domestic polyethylene enterprises last week was 84.
21%, down 0.
3% compared with the operating rate of 84.
51%
last week.
Polyethylene production was 461,600 tons, up 02,100 tons
from 45.
95 tons last week.
In the later stage, pay attention to the production progress
of Zhejiang Petrochemical and Luqing Petrochemical.
The operating rate of downstream enterprises reported 55.
6%, +1.
1%
from the previous week.
Among them, the operating rate of agricultural film, packaging film and hollow enterprises has increased, but the operating rate of injection molding has declined, and it is still in the peak season of demand for shed film, but the start is limited and the peak season is not strong
.
In November, the demand for shed film will gradually weaken, and only a few enterprises have started construction of mulch film, and it is expected that downstream demand will be difficult to recover
significantly.
This week, inventories by producers have decreased from the previous week, indicating that there is little pressure on the supply side
.
The L2201 contract rebounded during the day, indicating that there is still some support
below.
It is expected that the range-bound pattern
will be maintained in the later stage.