The main shock of Lianplastic is lower, and it is recommended to wait and see for the time being

News: The overall operating rate of agricultural film enterprises this week was 36.
6%, +4.
0%
week-on-week.
Mainly because the notice of environmental protection production restriction and suspension in most areas in Beijing-Tianjin-Hebei and surrounding areas has been lifted, most enterprises have resumed normal production, and the operating rate of agricultural film has increased
.
The operating rate of shed film enterprises this week was around 35.
6%, +5.
9%
week-on-week.
The operating rate of mulch film enterprises was 38.
9%, basically flat
week-on-week.
The operating rate of agricultural film shed film enterprises has rebounded, indicating that downstream demand has improved
.

Spot market: The domestic polyethylene market price fluctuates narrowly
.
The low-pressure price of the main regional sales company was partially reduced, with a range of about 100 yuan / ton, and the linear and high-pressure prices were more stable
.
Driven by the rise of international crude oil, the main force of plastic futures rose, the trading atmosphere of the spot market improved, and the overall price fluctuated
slightly.
As of the noon close, the North China market adjusted around 50 yuan / ton; The East China and South China markets are temporarily stable
.

Warehouse receipt inventory: exchange warehouse receipt reported 1792 lots, +0 lots
within the day.
Main position: The top 20 long positions in the main contract are 171221 lots, -11062 lots, short positions are 250038 lots, -9512 lots, net positions are -78817 lots, net space increases
.

Summary: Fundamentally, the average operating rate of polyethylene enterprises is 89.
89%, down 1.
06 percentage points
from last week's data.
The total output of polyethylene of domestic enterprises was 360,600 tons, down 04,400 tons
from last week.
The impact of PE plant maintenance was 21,300 tons, an increase of 05,500 tons
from last week.
In the next cycle, the impact of domestic polyethylene plant maintenance is 21,500 tons
.
Up 200t from this week, PE market supply is still expected to decrease
slightly next week.
The overall operating rate of agricultural film enterprises was 36.
6%, +4.
0%
week-on-week.
The operating rate of shed film enterprises is about 35.
6%, +5.
9%
week-on-week.
The operating rate of mulch film enterprises was 38.
9%, basically flat
week-on-week.
Although the operating rate of agricultural film shed film enterprises has rebounded, the overall is still less than 40%, indicating that downstream demand is average, and the Philippines will restart its 2 polyethylene plants and 1 polypropylene plant in Batangas, and the supply of PE in Asia will increase
.
The total PE storage volume of the two barrels of oil increased slightly, and these factors suppressed linearity to a certain extent
.
As the current situation between the United States and Iran is still relatively complicated, it remains to be seen whether the conflict between the United States and Iran will further escalate, and operationally, it is recommended that investors wait and see for the time being
.