Supply pressure is not reduced, and the contradiction between plastic supply and demand still exists

In November, the downstream demand season has passed, demand is weak, the supply pressure of the plastic market is not reduced, and the contradiction between supply and demand still exists
.
At the beginning of the month, the overall decline in the market was dominant, except for some goods and resources, most of the focus shifted
downward.
While linear futures rebounded slightly, supporting market sentiment, merchants were cautious and the overall gain was limited
.
Linear futures continued to fluctuate in the later stage, the petrochemical part lowered the price, the cost support of the source of goods in the market was weak, and the price of various varieties in the market fell to varying degrees
.
The enthusiasm of downstream factories to replenish is low, and the rigid demand is the mainstay, and more hold a wait-and-see mentality
.
Until the end of the month, the linear futures market continued to rise slightly, the merchant mentality was good, more positive and high reports, the downstream side of the market inquiry increased, and the market atmosphere improved
.
In addition, near the end of the month, the petrochemical ex-factory price is mainly stable, the market cost support is acceptable, the LLDPE market rebounded slightly, and the HDPE and LDPE markets stopped falling and stabilized
.

In terms of downstream enterprises, the operating rate of PE downstream agricultural film decreased in November, orders decreased, and on-demand procurement was the mainstay, and orders were not as good as in previous years
.
The offer is adjusted according to the supply of resources, and the downstream maintenance is just needed
.
The operating rate of medium and large shed film enterprises has dropped to 3-6%, and the operating rate of small enterprises is about 1-4%, the demand for mulch film is less, and individual mulch film manufacturers produce
a small amount.

Import and export: PE imports in October 2019 were about
1.
3365 million tons.
Among them, LLDPE imports were 425,200 tons, HDPE imports were 643,000 tons, LDPE imports were 268,300 tons, and the total PE exports in October 2019 were 28,200 tons
.
Among them, the export volume of PE is 08,500 tons, the export volume of HDPE is 16,300 tons, and the export volume of LLDPE is 03,400 tons
.

The future market predicts that the current petrochemical factory price is basically stable, and the market cost support is acceptable, but some maintenance devices in the early stage of the market are started, the market supply pressure increases, the downstream agricultural film demand season has passed, and the contradiction between supply and demand still exists
.
The enthusiasm for entering the market downstream has faded, and the factory is mainly wait-and-see except for just needing to take goods
.
It is expected that the market trend will remain weak
.