The price of continuous plastic period has rebounded and the market supply has decreased

News: 1, Longzhong Information reported on May 19: Shenhua coal chemical industry Shenhua Baotou line type bidding volume today 1036 tons, yesterday's bidding volume 800 tons, today's trading volume of 25 tons, yesterday's trading volume of 550 tons
.
Shenhua Low Pressure auctioned 6.
55 tons today, 141 tons yesterday, 0 tons today, and 134.
5 tons
yesterday.
Xinjiang High Pressure auctioned 155.
075 tons today, 169.
075 tons yesterday, 0 tons today, and 70 tons
yesterday.
2.
According to Longzhong based on the calculation of sample enterprises, the overall operating rate of PE pipe enterprises last week was +1%
compared with last week.
From January to April 2021, the domestic output of PE pipe materials increased by 28% compared with the same period in 2020 and 33%
over the same period in 2019.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 7850 yuan / ton, -100 yuan
.

Warehouse receipt inventory: 7259 warehouse receipts, -4 sheets
.
Main positions: the top 20 long positions 208595, -11563; short positions reported 253589, -13249
.
Reduced
headroom.

Summary: The average operating rate of polyethylene enterprises fell last week, production decreased, and the supply of PE market decreased
.
The inventory of production enterprises continued to decrease, and the inventory of social enterprises in East China also fell slightly, and was lower than the level of the same period last year
.
It shows that there is not much
pressure on the supply side.
Demand: The operating rate of PE downstream industries this week has decreased from the previous week, of which agricultural film fell by 4.
1%.

It is expected that the upside of the suppression line will test the support of the 7770 yuan line in the future
.