能源化工周报：塑料-20251020

Report Summary 1. Report Industry Investment Rating No information provided on the report industry investment rating. 2. Core View of the Report The overall plastic production has increased, mainly in linear materials. The downstream agricultural film enterprises' operations are slowly recovering, but the overall demand is still weaker than in previous years. The other packaging films are mainly procured as needed [6]. 3. Summary by Directory Supply - PE production enterprises' operating rate is 81.76%, a 2.26% week - on - week increase; PE weekly output is 65.06 tons, a 3.04% week - on - week increase [8]. Demand - The weighted operating rate of PE downstream industries has seasonally increased, reaching 44.92%, a 0.52% week - on - week increase [8]. Inventory - This week, PE enterprises' inventory is 52.95 tons, a 27.67% week - on - week increase; social inventory is 54.56 tons, a 2.16% week - on - week decrease [8]. Upstream and Cost No specific summary information provided in the given text. Price and Profit - This week, the PE spot price decreased by 0.12% week - on - week to 7145 yuan/ton, and the PE futures price decreased by 0.96% week - on - week to 6874 yuan/ton [8]. Basis and Spread - The basis is 272; the (1 - 5) spread is - 33 [8].