The price of continuous plastic period fell sharply, and demand gradually weakened

News: 1.
Longzhong Information reported on December 21: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 850 tons, the previous day's bidding volume was 1017 tons, the intraday trading volume was 750 tons, and the previous day's trading volume was 927 tons
.
2.
Last week, China's polyethylene production totaled 425,900 tons, a year-on-year decrease of 3.
87%
from last week.
Among them, the weekly output of oil-to-polyethylene was 291,900 tons, a year-on-year decrease of 5.
13%
from last week.
The weekly output of coal-to-polyethylene was 82,300 tons, down 21.
99%
from last week.
Affected by the reduction in plant maintenance this week, the estimated production increased from last week, an increase of about
3.
55%.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8000 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 856 warehouse receipts, +0 receipts
.
Main positions: Top 20 long positions 129111, -766; short positions reported 140335, -1025
.
Reduced
headroom.

Summary: Two barrels of oil and petrochemical inventories continue to maintain low levels, indicating that the pressure on the supply side is not large, and the current PE East China inventory is also in the low area, which will support PE.

However, in December, PE had plans to put new equipment into production, and the number of units for later maintenance gradually decreased, indicating that the market supply has increased
.
As the weather gradually gets colder, the demand for agricultural film has rebounded slightly, the demand for pipes in the north has gradually weakened, and the demand for packaging film has also decreased
.
Operationally, investors should
wait and see for the time being.