冠通期货聚烯烃周报-20251110

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoint of the Report - The polyolefin market is expected to experience weak and volatile trends in the near future [3] Group 3: Summary by Relevant Catalogs 1. Plastic and PP开工率 - The plastic operating rate increased by 4.5 percentage points to around 89.5%, reaching a neutral level [14] - The PP operating rate rose by 3.5 percentage points to around 83.5%, at a slightly below - neutral level [14] 2. Plastic and PP下游开工率 - As of the week of November 7, the PE downstream operating rate decreased by 0.52 percentage points to 44.85% week - on - week, remaining at a relatively low level compared to the same period in recent years [20] - As of the week of November 7, the PP downstream operating rate increased by 0.52 percentage points to 53.14% week - on - week, at a relatively low level compared to the same period in previous years [20] 3. Plastic基差 - The basis of the 01 contract rose to 298 yuan/ton, at a neutral level [25] 4. Plastic and PP库存 - The petrochemical early inventory on Friday decreased by 25,000 tons to 665,000 tons week - on - week, 10,000 tons higher than the same period last year, and is currently at a neutral level compared to recent years [29]