The volume of continuous plastic contracts reduced positions, and the futures price rushed back down

News: 1.
On September 8, 2021, the National Development and Reform Commission and the Ministry of Ecology and Environment formulated the "14th Five-Year Plan" Plastic Pollution Control Action Plan in order to further strengthen the governance of the whole chain of plastic pollution and promote the "14th Five-Year Plan" white pollution control to achieve greater results
.
The main task of the plan is to scientifically and steadily promote plastic alternative products
.
Fully consider the environmental impact of the whole life cycle resources such as bamboo and wood products, paper products, and degradable plastic products, and improve the quality and food safety standards
of related products.
2.
Longzhong Information reported on September 16: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 300 tons, the previous day's bidding volume was 384 tons, the intraday trading volume was 298 tons, and the previous day's trading volume was 284 tons
.
Shenhua low-pressure intraday bidding volume was 656 tons, the previous day's auction volume was 642 tons, the intraday trading volume was 651 tons, and the previous day's trading volume was 592 tons
.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8950 yuan / ton, +300 yuan
.

Warehouse receipt inventory: 5200 warehouse receipts, -0 sheets
.
Main positions: Top 20 long positions 254179, -16797; short positions reported 263633, -12353
.
Increased
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
.
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%.
The L2201 contract fell sharply during the day and significantly reduced its position, indicating that some profit-taking orders underweight
.