The main shock of Lianplastic went lower, and the subsequent continuation of weak shocks was the mainstay

News: China and the United States are about to sign a phase one trade deal
.
The two sides agreed that the US side will fulfill its commitment to cancel tariffs on Chinese products in phases and realize the transformation
of tariffs from rising to falling.
On December 13, local time, the U.
S.
Treasury Department issued a statement removing China from the list
of currency manipulators.

Spot market: The domestic polyethylene market price is falling
.
The price adjustment of the sales company is not large, and most of it is stable
.
Linear futures fell, merchants did not ship smoothly, the offer part moved down, the spot market was sporadically traded, and the atmosphere was light
.
As of the noon close, the North China market fell by 50 yuan / ton; The East China market is temporarily stable; The South China market fell by around 50 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 3112 lots, intraday +160 lots
.
Main positions: the top 20 long positions in the main contract are 173229 lots, -1120 lots, short positions are 252574 lots, -2674 lots, net positions are -79345 lots, and the net margin is reduced
.

Summary: Fundamentally, the average operating rate of polyethylene companies has fallen
from last week.
The total polyethylene production of domestic enterprises decreased
from last week.
The impact of PE equipment maintenance increased
slightly.
PE market supply is still expected to decrease
slightly this week.
The overall operating rate of agricultural film enterprises was 39.
3%, +2.
7%
week-on-week.
The operating rate of shed film enterprises was about 39.
1%, +3.
5%
month-on-month.
The operating rate of mulch film enterprises was 39.
9%, +1.
0% week-on-week, and the overall operating rate of packaging film was 71.
8%, +1.
5%
week-on-week.
At present
, packaging film enterprises are in high-load production before the holiday.
However, since the second half of this week, downstream companies have stopped work for the holiday, demand may weaken, and factory inventory has accumulated
during the Spring Festival.
Therefore, the follow-up continuation of weak shocks is the mainstay, operationally, it is recommended that investors can reduce their holdings at high prices and drop their pockets
.