The price of the continuous plastic period fluctuates widely, and there is pressure and support under the bottom

News: 1.
In August 2021, domestic PE production decreased month-on-month, but it was still higher than the same period last year
.
According to Longzhong information statistics, in August, China's PE output was about 190.
98 tons, a decrease of 13,800 tons, an increase of -0.
72%, and 180,200 tons, an increase of 10.
42%,
compared with the same period last year.
From January to August 2021, the cumulative output of domestic PE was reported to be 15.
0979 million tons, an increase of 2.
2801 million tons over the same period last year, an increase of 17.
79%.

According to professional forecasts, due to the commissioning of two new units in September, the output in September 2021 is expected to increase compared with August, with an estimated output of 2.
036 million tons
.
In the later stage, with the commissioning of new equipment, it is expected that the increment will maintain a steady and rising pattern
.

2.
In August 2021, China's PE import and export volume increased significantly month-on-month
.
Data show that in August 2021, domestic imports of PE totaled 1.
3108 million tons, an increase of 183,800 tons, or 16.
31%, from the same period last year, an increase of -41.
22 tons, an increase of -23.
92%.

From January to August 2021, China imported a total of 10.
0574 million tons of PE, an increase of -16.
79%
over the same period last year of -2.
0298 million tons.
In August 2021, domestic PE exports were 51,400 tons, +16,300 tons, or 46.
44%, and +35,500 tons, up 222.
63%.

From January to August 2021, domestic exports totaled 36.
63 tons of PE, +199,000 tons over the same period last year, an increase of 119%.

From the above data, it can be seen that from January to August 2021, the import volume of domestic PE decreased significantly, but the export volume still increased
significantly.

3.
In August 2021, the production of domestic plastic products rebounded slightly month-on-month, which was also higher than the same period last year
.
Data show that in August 2021, the output of plastic products in China was 6.
808 million tons, an increase of 0.
49% from 33,000 tons in July, and an increase of 242,000 tons, or 3.
69%,
compared with the same period last year.
From January to August 2021, China's plastic products output was 52.
27 million tons, +6.
144 million tons over the same period last year, an increase of 13.
32%.

From the above data, it can be seen that in August, the production of domestic plastic products has increased, but the increase is not large
.
From January to August, the output of domestic products still increased, but the growth rate
declined.

Market quotation: North China Daqing Petrochemical 7042 mainstream price is 8900 yuan / ton, +100 yuan
.

Warehouse receipt inventory: 4553 warehouse receipts, -20 sheets
.
Main positions: Top 20 long positions 219119, +216, short positions reported 239711, +8436
.
Increased
headroom.

Summary: The average operating rate of polyethylene enterprises decreased last week, and the supply of polyethylene decreased
slightly.
The operating rate of downstream industries increased slightly month-on-month, mainly due to the obvious improvement of agricultural film, pipe and hollow, while the operating rate of packaging film and profile enterprises 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
.
Due to the dual control policy of energy consumption in many places, Yulin City required local coal chemical enterprises to reduce production
by 50% in the fourth quarter.
Affected by the dual control policy of high coal prices and energy consumption, two sets of high-voltage and full-density plants have been shut down since September 5, and the production of Jiutai Group's full-density plants has been reduced to about
70%.
Jiangsu, Yunnan and other places also have signs of upgrading the dual control of
energy consumption.
The intraday L2201 contract generally showed a wide range of volatility, indicating that there is pressure and support
on it.