The price of continuous plastic futures has rebounded and there is still some support below

News: 1, Longzhong Information reported on October 18: Shenhua linear no bidding
.
The low-pressure intraday auction volume was 463 tons, the previous day's auction volume was 496 tons, the intraday trading volume was 199 tons, and the previous day's trading volume was 10 tons
.
2.
According to Longzhong Information statistics, in 2021, China plans to invest 6.
25 million tons of new polyethylene production capacity, an increase of 26.
70% over last year's plan, and the new investment capacity is mainly concentrated in the third and fourth quarters, and the production capacity has been 3.
45 million tons
of normal production.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 9600 yuan / ton, +50 yuan
.

Warehouse receipt inventory: 4659 warehouse receipts, -20 sheets
.
Main positions: Top 20 long positions 208785, +610; short positions reported 226878, -424
.
Reduced
headroom.

Summary: Last week, the average operating rate of domestic polyethylene enterprises was 86.
33%, up 0.
14%
from the previous week.
The estimated output of polyethylene in October is 2,126,100 tons, +207,400 tons from the actual output of the previous month, +302,100 tons over the same period last year, and the new plant of Sino-Korean Petrochemical has been put into operation, and the PE market supply is expected to increase significantly.


。 The average operating rate of PE downstream enterprises was 54.
6%, up 0.
4%
from the previous week.
Among them, the operating rate of agricultural film and pipe increased by 2.
0%.

Downstream demand has picked up
.
Production inventories were lower than the previous week, but still higher than the same period last year
.
The intraday L2201 contract rebounded and closed with a white line, indicating that there was still some support
below.