Continuous plastic period price narrow finishing shows that the upper pressure is still there

News: 1.
Longzhong Information reported on May 25: Shenhua coal chemical industry Shenhua Baotou line type intraday bidding volume of 1,000 tons, the previous day's bidding volume of 800 tons, intraday trading volume of 900 tons, the previous day's trading volume of 749 tons
.
Xinjiang high-pressure intraday bidding volume was 251.
075 tons, the previous day's bidding volume was 155.
075 tons, the intraday trading volume was 106 tons, and the previous day's trading volume was 0 tons
.
2, is currently in the summer power peak, Guangdong power supply and demand situation is grim, many cities have opened peak power cuts, requiring enterprises to open 5 stop 2 or open 4 stop 3, due to the large number of packaging industry in Guangdong, peak shift production or will lead to terminal enterprises production instability, start load decline, demand for raw materials weakened

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7950 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 7050 warehouse receipts, -209 sheets
.
Main positions: Top 20 long positions 205975, -195; short positions reported 242766, -2781
.
Reduced
headroom.

Summary: The average operating rate of polyethylene enterprises fell back last week, PE production increased, and market supply increased
.
This week, the operating rate of PE downstream industries has generally decreased
from the previous week.
Among them, the decline of hollow enterprises is particularly obvious, while the operating rate of film enterprises has rebounded
slightly.
The inventory of production enterprises continued to decrease, and the inventory of East China also fell slightly, indicating that the pressure on the supply side is not large
.
In addition, the National Council twice talked about the commodity price issue triggering the market's expectations for price control, which is expected to suppress the upside of the line line, and Guangdong's peak shifting production is also expected to affect the PE downstream industry
.
The intraday L2109 contract rally was blocked, indicating that topside pressure remains
.