The price of continuous plastic futures fluctuated higher, and the expectation of a decrease in market supply heated up

News: 1.
Longzhong Information reported on September 28: Shenhua coal chemical industry Shenhua Baotou linear bidding volume was 150 tons, the previous day's bidding volume was 150 tons, the intraday trading volume was 150 tons, and the previous day's trading volume was 150 tons
.
Shenhua low-pressure intraday bidding volume is 400 tons, the previous day's bidding volume is 300 tons, the intraday trading volume is 400 tons, and the previous day's trading volume is 300 tons
.
2.
As of September 2021, China's polyethylene market has put into operation 8 sets of devices, with a new production capacity of 2.
7 million tons
.
From the supply side of China's polyethylene market, the release of new production capacity is more, the pressure on the supply side is greater, and the terminal demand is weak, and Chinese polyethylene market traders are cautious
about taking over the external market.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9250 yuan / ton, +0 yuan
.

Warehouse receipt inventory: 4549 warehouse receipts, -4 sheets
.
Main positions: Top 20 long positions 231964, +7162; short positions reported 243026, -737
.
Reduced
headroom.

Summary: The average operating rate of polyethylene companies last week was unchanged from the previous week, while production increased
slightly.
The operating rate of downstream industries decreased slightly month-on-month, of which the operating rate of agricultural film increased slightly, while the remaining industries fell slightly
.
Inventories by producers continued to decline this week, indicating that there is no pressure
on the supply side.
Recently, the National Development and Reform Commission issued the "Barometer of the Completion of Dual Control Targets for Energy Consumption in Each Region in the First Half of 2021", and the energy intensity of 9 provinces (regions) in China did not decrease but increased in the first half of the year, which was a first-level warning
.
Affected by this, Jiangsu, Guangdong, Zhejiang, Inner Mongolia, Ningxia, Shaanxi dual control policies on energy consumption have been upgraded, "open one stop six", "limit production by 90%", "thousands of enterprises stop production" and other measures have been introduced, the expectation of market supply reduction is heating up
.
The L2201 contract continued to fluctuate higher during the day and updated its recent highs, indicating that the bulls still have the advantage
.