Lianplastic contracts reduce their positions and the futures price fluctuates widely

News: 1.
Longzhong Information reported on October 27: Shenhua low-pressure intraday bidding volume 400 tons, previous day's bidding volume 400 tons, intraday trading volume 0 tons, last day's trading volume 33 tons
.
Xinjiang high-pressure intraday bidding volume is 50 tons, the previous day's bidding volume is 50 tons, intraday trading volume is 0 tons, and the previous day's trading volume is 0 tons
.
2.
According to Longzhong Information statistics, as of October 22, 2021, the total inventory of polyolefin samples in Qingdao Port was about 157,000 tons, an increase of 0.
64% from the previous month, and a decrease of about
29,000 tons compared with last year.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8850 yuan / ton, -100 yuan
.

Warehouse receipt inventory: 4384 warehouse receipts, -135 sheets
.
Main positions: Top 20 long positions 175492, -18486; short positions reported 170256, -14929
.
Net excess decrease
.

Summary: Last week, polyethylene supply and demand were weak
.
The average operating rate of domestic polyethylene enterprises was 83.
98%, down 2.
35% compared with the operating rate of 86.
33%
last week.
Polyethylene production was 459,500 tons, down 10,300 tons
from 46.
98 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 54.
4%, down 0.
2%
from the previous week.
Among them, the operating rate of agricultural film and pipe has increased, but the operating rate of packaging film, hollow and injection molding has declined, and downstream demand has decreased
.
This week, inventories by producers have decreased from the previous week, indicating that there is little pressure on the supply side
.
The L2201 contract fluctuated widely during the day, indicating pressure on it and support
below.
Considering that Liansu has continued to fall sharply recently, there are signs
of overselling in the short term.