塑料产业日报 2026-02-25 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 。 支撑。关注节后PE去库节奏。成本方面，伊朗表示将采取任何必要措施与美国达成协议，美国API库存超预 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 期下降，昨日国际油价小幅收跌。L2605短期预计随油价波动，日度K线关注6690附近支撑与6855附近压力 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- ...

本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 工艺盈利小幅缩窄。本周暂无计划新增检修产能，前期停车装置陆续重启，PE产能利用率预计维持上升趋 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 势。受制品企业陆续休假停工，PE需求端预计延续弱势。成本方面，美伊地缘局势再次出现紧张信号，近 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 期WTI、布伦特油价偏强波动。L2605日度区间预计在6660-6820附近。 免责声明 塑料产业日报 2026-02-10 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚乙烯(日,元/吨) | 6775 | 54 1月合约收盘价:聚乙烯(日,元/吨) | 6839 | 51 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 6775 | 54 9月合约收盘价: ...

Report Industry Investment Rating - Not provided in the report Core Viewpoints - The fundamentals of LLDPE are slightly bearish, and it is expected to fluctuate weakly in the short term. Technically, for the daily K - line of L2605, pay attention to the support near 6780 and the resistance near 6955. [2] Summary by Related Catalogs Futures Market - The closing price of the main futures contract of polyethylene is 6899 yuan/ton, down 36 yuan; the 1 - month contract closing price is 6947 yuan/ton, down 27 yuan; the 5 - month contract closing price is 6899 yuan/ton, down 36 yuan; the 9 - month contract closing price is 6930 yuan/ton, down 32 yuan. [2] - The trading volume is 496,965 lots, down 115,013 lots; the open interest is 520,760 lots, up 5,747 lots. [2] - The 1 - 5 spread is 48, up 9. The buy order volume of the top 20 futures positions is 510,998 lots, up 6,394 lots; the sell order volume is 533,068 lots, up 5,465 lots; the net buy order volume is - 22,070 lots, up 929 lots. [2] Spot Market - The average price of LLDPE (7042) in North China is 6,841.3 yuan/ton, down 21.3 yuan; in East China, it is 6,935.81 yuan/ton, up 7.21 yuan. The basis is - 57.7, up 14.69. [2] Upstream Situation - The FOB middle - price of naphtha in Singapore is 61.19 US dollars/barrel, up 0.92; the CFR middle - price of naphtha in Japan is 573.25 US dollars/ton, up 8. [2] - The CFR middle - price of ethylene in Southeast Asia is 686 US dollars/ton, down 5; in Northeast Asia, it is 706 US dollars/ton, unchanged. [2] Industry Situation - The national PE petrochemical operating rate is 84.67%, up 3.08 percentage points. [2] Downstream Situation - The operating rate of PE packaging film is 44.96%, down 3.19 percentage points; the operating rate of PE pipes is 29%, down 0.33 percentage points; the operating rate of PE agricultural film is 36.32%, down 0.61 percentage points. [2] Option Market - The 20 - day historical volatility of polyethylene is 13.76%, down 0.01; the 40 - day historical volatility is 15.96%, up 0.19. [2] - The implied volatility of at - the - money put options for polyethylene is 16.46%, up 1.06; the implied volatility of at - the - money call options is 16.46%, up 1.07. [2] Industry News - From January 16th to 22nd, China's total polyethylene production was 698,900 tons, a 4.34% increase from last week; the capacity utilization rate of polyethylene production enterprises was 84.67%, a 3.07 - percentage - point increase from the previous period. [2] - From January 16th to 22nd, the average operating rate of polyethylene downstream products decreased by 1.4% from the previous period. Among them, the overall operating rate of agricultural film decreased by 0.6%, and the operating rate of PE packaging film decreased by 3.2%. [2] - As of January 21st, the inventory of PE production enterprises was 335,000 tons, a 4.37% decrease from last week; the social inventory of PE was 477,400 tons, a 1.43% decrease from last week. [2] - From January 16th to 22nd, the cost of oil - based LLDPE decreased by 0.22% to 7,202 yuan/ton, and the oil - based profit increased by 1 yuan/ton to - 530 yuan/ton; the cost of coal - based LLDPE decreased by 0.54% to 6,524 yuan/ton, and the coal - based profit increased by 27 yuan/ton to 244 yuan/ton. [2]

回落，包装膜备货峰值已过。春节临近，下游企业陆续休假停工，PE需求或延续弱势。成本方面，美国对 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 伊朗等产油国制裁仍存，同时严寒天气可能导致美国产油量下降，国际油价有所上涨。近期市场情绪偏暖 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 ，工业品期货以涨为主、文华工业品指数涨幅显著。不过，从基本面看，塑料向上驱动有限，后市L2605谨 慎看多。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 塑料产业日报 2026-01-26 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 ...

研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 、需求跟进有限。成本方面，美伊局势仍有不确定性，国际油价或受地缘因素扰动。PE现货供应维持宽松 助理研究员: 徐天泽 期货从业资格号F03133092 ，短期L2605预计偏弱震荡，日度K线关注6540附近支撑。 免责声明 塑料产业日报 2026-01-20 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚乙烯(日,元/吨) | 6640 | -27 1月合约收盘价:聚乙烯(日,元/吨) | 6706 | -14 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 6640 | -27 9月合约收盘价:聚乙烯(日,元/吨) | 6664 | -27 | | | 成交量(日,手) | 384155 | -27783 持仓量(日,手) | 495272 | 9808 | | | 1-5价差 | 66 | 13 期货前20名持仓:买单量:聚乙烯(日,手) | 0 | -457 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the report. 2. Core View - PE supply - demand drivers are not significant, and it is expected to fluctuate with oil prices in the short - term. Pay attention to the support around 6730 and the pressure around 6890 on the daily K - line [2]. 3. Summary of Each Section 3.1 Futures Market - Futures主力合约收盘价:聚乙烯(日,元/吨) is 6820, up 54; 1 - month contract is 6655, up 105; 5 - month contract is 6820, up 54; 9 - month contract is 6855, up 53 [2]. - Volume (daily, lots) is 564,696, up 9,740; Open interest (daily, lots) is 466,526, down 10,862 [2]. - 1 - 5 spread is - 165, up 51; Futures top 20 long positions: polyethylene (daily, lots) is 436,624, up 209; Futures top 20 short positions: polyethylene (daily, lots) is 467,191, down 14,021; Futures top 20 net long positions: polyethylene (daily, lots) is - 30,567, up 14,230 [2]. 3.2 Spot Market - LLDPE(7042) average price: North China (daily, yuan/ton) is 6,868.7, up 73.48; LLDPE(7042) average price: East China (daily, yuan/ton) is 6,971.4, up 126.98 [2]. - Basis is 48.7, up 19.48 [2]. 3.3 Upstream Situation - FOB: Middle price: Naphtha: Singapore region (daily, US dollars/barrel) is 59.63, up 0.31; CFR: Middle price: Naphtha: Japan region (daily, US dollars/ton) is 561.25, up 3.25 [2]. - Ethylene: CFR Southeast Asia: Middle price (daily, US dollars/ton) is 711, unchanged; Ethylene: CFR Northeast Asia: Middle price (daily, US dollars/ton) is 731, unchanged [2]. 3.4 Industry Situation - Operating rate: PE: Petrochemical: National (daily, %) is 83.67, up 0.43 [2]. 3.5 Downstream Situation - Operating rate: Polyethylene(PE): Packaging film (weekly, %) is 48.96, up 0.55; Operating rate: Polyethylene(PE): Pipes (weekly, %) is 29.5, down 0.67; Operating rate: Polyethylene(PE): Agricultural film (weekly, %) is 37.89, down 1.06 [2]. 3.6 Option Market - 20 - day historical volatility: Polyethylene (daily, %) is 16.65, down 0.61; 40 - day historical volatility: Polyethylene (daily, %) is 14.38, up 0.02 [2]. - At - the - money put option implied volatility: Polyethylene (daily, %) is 16.09, up 0.68; At - the - money call option implied volatility: Polyethylene (daily, %) is 16.09, up 0.69 [2]. 3.7 Industry News - From January 2nd to 8th, China's polyethylene production was 686,800 tons, up 0.52% from last week; Polyethylene production enterprises' capacity utilization rate was 83.67%, up 0.43 percentage points from the previous period [2]. - From January 2nd to 8th, PE downstream operating rate increased 0.1% week - on - week, with agricultural film operating rate down 1.1% and packaging film operating rate up 0.6% [2]. - As of January 7th, PE production enterprises' inventory was 395,400 tons, up 6.66% week - on - week; As of January 9th, PE social inventory was 484,300 tons, down 0.11% week - on - week [2]. - From January 3rd to 9th, the cost of oil - based LLDPE decreased 0.56% to 6,920 yuan/ton, and the oil - based profit increased 159 yuan/ton to - 472 yuan/ton; The cost of coal - based LLDPE increased 0.50% to 6,397 yuan/ton, and the coal - based profit increased 97 yuan/ton to 34 yuan/ton [2]. - Last week, Maoming Petrochemical's 110,000 - ton and Yangzi Petrochemical's 200,000 - ton plants stopped, while Zhanjiang BASF's 500,000 - ton plant restarted, leading to a slight increase in PE production [2]. - This week, Lanzhou Petrochemical's 200,000 - ton plant is under maintenance, and Guangdong Petrochemical's 400,000 - ton plant had a short - term stop, and the impact of some previously stopped plants has expanded, so PE production and capacity utilization are expected to decline [2].

Report Title - Plastic Industry Daily Report 2026-01-07 [1] Report Industry Investment Rating - Not provided Core Viewpoints - The short - term L2605 is expected to show a volatile trend. It is necessary to pay attention to the support around 6460 and the pressure around 6760. The total inventory of PE maintains a de - stocking trend with little pressure. Oil - based process costs decrease and losses are reduced, while coal - based process costs remain stable and profits are repaired. In January, new domestic PE production capacity continues to increase, and low - priced overseas resources continue to flow in. Domestic enterprises may increase temporarily shut - down devices to relieve supply pressure. The demand for agricultural film is in the off - season, and the demand for packaging film is limited and difficult to form demand support [2] Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract of polyethylene is 6642 yuan/ton, with a change of 63. The 1 - month, 5 - month, and 9 - month contract closing prices are 6430 yuan/ton (change: 101), 6642 yuan/ton (change: 63), and 6687 yuan/ton (change: 69) respectively. The trading volume is 566498 lots (change: 108635), and the open interest is 505678 lots (change: - 2207). The 1 - 5 spread is - 212 (change: 38). The buy orders, sell orders, and net buy orders of the top 20 futures positions are 430624 lots (change: - 1454), 496022 lots (change: 6601), and - 65398 lots (change: - 8055) respectively [2] Spot Market - The average price of LLDPE(7042) in North China is 6542.17 yuan/ton (change: 61.3), and in East China is 6603.95 yuan/ton (change: 53.26). The basis is - 99.83 (change: - 1.7) [2] Upstream Situation - The FOB middle price of naphtha in Singapore is 56.74 US dollars/barrel (change: 1.44), the CFR middle price of naphtha in Japan is 534.25 US dollars/ton (change: 11.75). The CFR middle price of ethylene in Southeast Asia is 726 US dollars/ton (change: 0), and in Northeast Asia is 746 US dollars/ton (change: 0) [2] Industry Situation - The national petrochemical PE operating rate is 83.23% (change: 0.59%) [2] Downstream Situation - The operating rates of polyethylene (PE) in packaging film, pipes, and agricultural film are 48.41% (change: 0.19%), 30.17% (change: - 0.5%), and 38.95% (change: - 4.91%) respectively [2] Option Market - The 20 - day and 40 - day historical volatilities of polyethylene are 17.83% (change: 0.34) and 14.13% (change: 0.26) respectively. The implied volatilities of at - the - money put and call options of polyethylene are 14.32% (change: 0.58) and 14.31% (change: 0.55) respectively [2] Industry News - From December 27 to January 2, the PE factory operating rate increased by 0.59% to 83.23%, and the PE downstream operating rate decreased by 0.68% to 41.15%. The agricultural film operating rate decreased by 4.91% to 38.95%, and the packaging film operating rate increased by 0.19% to 48.41%. As of January 2, the PE factory inventory was 37.07 tons, a decrease of 19.17% from last week, and the PE social inventory was 47.51 tons, an increase of 0.76% from last week. From December 27 to January 2, the LLDPE oil - based cost decreased by 0.55% to 6925.43 yuan/ton, the coal - based cost remained stable at 5732 yuan/ton, the oil - based profit increased by 36.71 yuan/ton to - 630.29 yuan/ton, and the coal - based profit increased by 143.14 yuan/ton to - 63.57 yuan/ton. Recently, the 250,000 - ton device of Maoming Petrochemical restarted, and the PE capacity utilization rate increased slightly [2]

Report Summary 1) Report Industry Investment Rating No information provided in the document. 2) Core Viewpoints of the Report - Short - term L2601 is expected to show a volatile trend, with daily K - line focusing on support around 6750 and resistance around 6870 [2]. - PE production and capacity utilization are expected to fluctuate slightly. Supply pressure is on the rise as new capacity is planned to be put into operation in December. Downstream开工率 is expected to weaken marginally. International oil prices are in a multi - empty game [2]. 3) Summary by Relevant Catalogs a. Futures Market - Futures prices of polyethylene contracts increased, with the 1 - month contract at 6803 yuan/ton (up 14), the 5 - month contract at 6863 yuan/ton (up 6), and the 9 - month contract at 6892 yuan/ton (up 10). Trading volume was 305073 hands (down 25026), and open interest was 434382 hands (down 23011). The 1 - 5 spread was - 60 (up 8). The net long position of the top 20 futures holders was - 98574 hands (down 5841) [2]. b. Spot Market - The average price of LLDPE (7042) in North China was 6814.78 yuan/ton (up 10.43), and in East China was 7070.24 yuan/ton (down 6.67). The basis was 11.78 (down 3.57) [2]. c. Upstream Situation - The FOB mid - price of naphtha in Singapore was 60.85 dollars/barrel (up 0.61), and the CFR mid - price of naphtha in Japan was 571.5 dollars/ton (up 5.5). The CFR mid - price of ethylene in Southeast Asia was 721 dollars/ton (unchanged), and in Northeast Asia was 741 dollars/ton (up 10) [2]. d. Industry Situation - The national PE petrochemical operating rate was 84.51% (up 1.79) [2]. e. Downstream Situation - The operating rates of PE packaging film, pipes, and agricultural film were 50.7% (down 0.23), 31.83% (down 0.17), and 49.04% (down 0.87) respectively [2]. f. Option Market - The 20 - day historical volatility of polyethylene was 9.49% (up 1.06), the 40 - day historical volatility was 9.54% (up 0.68), the implied volatility of at - the - money put options was 14.17%, and the implied volatility of at - the - money call options was 14.16% (down 3.52) [2]. g. Industry News - From November 21st to 27th, China's polyethylene production was 684800 tons (up 2.17% week - on - week), and the capacity utilization rate was 84.51% (up 1.8 percentage points). The average operating rate of downstream polyethylene products decreased by 0.4%. The inventory of polyethylene production enterprises decreased by 9.80% to 454000 tons, and the social inventory decreased by 3.05% to 471100 tons [2]. - From November 22nd to 28th, the cost of oil - based LLDPE decreased by 1.54% to 7173 yuan/ton, and the profit increased by 63.57 yuan/ton to - 346.14 yuan/ton. The cost of coal - based LLDPE increased by 0.26% to 7066 yuan/ton, and the profit decreased by 95.14 yuan/ton to - 237.43 yuan/ton [2].

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View of the Report - The L2601 contract of polyethylene fell 1.31% to close at 6,707 yuan/ton. Last week, the impact of Zhongtianhechuang's shutdown continued, and new maintenance units were added in Wanhua Chemical, Zhongying Petrochemical, and Jilin Petrochemical, leading to a decline in PE production and capacity utilization. The downstream operating rate increased slightly, with a slight decline in the agricultural film operating rate and a small increase in the packaging film operating rate. Factory and social inventories decreased month - on - month, and the inventory pressure was not significant. Oil - based and coal - based profits remained in a theoretical loss state. This week, the Shanghai Petrochemical and Maoming Petrochemical units are planned for maintenance, while the Zhongying Petrochemical, Zhongtianhechuang, and Zhenhai Refining & Chemical units are scheduled to restart, so PE production and capacity utilization are expected to increase month - on - month, with relatively high supply. The demand center of greenhouse films has shifted south, and southern orders support the high operating rate of agricultural film enterprises; the orders for packaging films have decreased, and the operating rate is expected to decline. In terms of cost, due to statements from US and Ukrainian officials indicating that Ukraine has in principle agreed to the peace agreement proposed by the US, international oil prices closed lower yesterday. In the short term, the situation of supply exceeding demand for LLDPE may continue, with limited cost - side support, and L2601 is expected to fluctuate weakly, with the daily K - line focusing on the support around 6,680 [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for polyethylene was 6,707 yuan/ton, down 55 yuan; the 1 - month contract closed at 6,707 yuan/ton, down 55 yuan; the 5 - month contract closed at 6,768 yuan/ton, down 52 yuan; the 9 - month contract closed at 6,812 yuan/ton, down 43 yuan. The trading volume was 396,126 lots, an increase of 148,413 lots, and the open interest was 497,599 lots, an increase of 9,240 lots. The 1 - 5 spread was - 61, down 3. The long positions of the top 20 futures holders were 517,178 lots, an increase of 15,973 lots; the short positions were 619,508 lots, an increase of 23,786 lots; the net long positions were - 102,330 lots, a decrease of 7,813 lots [2]. 3.2 Spot Market - The average price of LLDPE (7042) in North China was 6,865.22 yuan/ton, down 22.17 yuan; in East China, it was 7,092.38 yuan/ton, down 15 yuan. The basis was 158.22, an increase of 32.83 [2]. 3.3 Upstream Situation - The FOB middle price of naphtha in Singapore was 60.16 US dollars/barrel, down 0.27 US dollars; the CFR middle price of naphtha in Japan was 560.88 US dollars/ton, down 1.75 US dollars. The CFR middle price of ethylene in Southeast Asia was 721 US dollars/ton, unchanged; in Northeast Asia, it was 731 US dollars/ton, unchanged [2]. 3.4 Industry Situation - The national operating rate of PE in petrochemical plants was 82.71%, down 0.42 percentage points [2]. 3.5 Downstream Situation - The operating rate of polyethylene (PE) packaging films was 50.93%, an increase of 0.52 percentage points; for pipes, it was 32%, an increase of 0.33 percentage points; for agricultural films, it was 49.91%, a decrease of 0.05 percentage points [2]. 3.6 Option Market - The 20 - day historical volatility of polyethylene was 8.45%, down 0.05 percentage points; the 40 - day historical volatility was 8.87%, down 0.02 percentage points. The implied volatility of at - the - money put options and call options for polyethylene was 13.24%, unchanged [2]. 3.7 Industry News - From November 14th to 20th, China's total polyethylene production was 670,300 tons, a decrease of 0.51% from the previous week; the capacity utilization rate of polyethylene production enterprises was 82.71%, a decrease of 0.43 percentage points from the previous period. The average operating rate of China's polyethylene downstream products increased by 0.2% from the previous period. Among them, the overall operating rate of agricultural films decreased by 0.1% from the previous period, and the operating rate of PE packaging films increased by 0.5% from the previous period. As of November 26th, the sample inventory of Chinese polyethylene production enterprises was 454,000 tons, a decrease of 9.80% from the previous period; as of November 21st, the social sample warehouse inventory of polyethylene was 471,100 tons, a decrease of 3.05% from the previous period. From November 15th to 21st, the cost of oil - based LLDPE increased by 0.41% month - on - month to 7,285 yuan/ton, and the oil - based profit decreased by 3.86 yuan/ton to - 409.71 yuan/ton; the cost of coal - based LLDPE decreased by 0.06% month - on - month to 7,047 yuan/ton, and the coal - based profit increased by 75.57 yuan/ton to - 107 yuan/ton [2]

Report Industry Investment Rating - Not provided Core Viewpoint - Short - term L2601 is expected to fluctuate weakly, and attention should be paid to the support around 6720 on the daily K - line. PE supply pressure is high, demand is weakening, and the valuation is difficult to repair under the background of low LLDPE oil - and coal - based profits [2] Summary by Relevant Catalogs Futures Market - Futures主力合约收盘价:聚乙烯(日,元/吨) is 6788, up 28; 1 - 5 spread is - 76, up 5; trading volume (daily, lots) is 186004, down 5446; open interest (daily, lots) is 586919, up 2586; the net long position of the top 20 futures holders of polyethylene (daily, lots) is - 93396, down 2692 [2] Spot Market - LLDPE(7042) average price in North China (daily, yuan/ton) is 6893.48, up 1.74; in East China is 7102.86, up 0.71; the basis is 105.48, down 26.26 [2] Upstream Situation - FOB: middle price: naphtha: Singapore region (daily, US dollars/barrel) is 62.26, down 0.57; CFR: middle price: naphtha: Japan region (daily, US dollars/ton) is 576.75, down 5.5; ethylene: CFR Southeast Asia: middle price (daily, US dollars/ton) is 731, unchanged; ethylene: CFR Northeast Asia: middle price (daily, US dollars/ton) is 741, unchanged [2] Industry Situation - The national petrochemical PE operating rate (daily, %) is 82.59, up 1.72 [2] Downstream Situation - The operating rate of polyethylene (PE) packaging film (weekly, %) is 50.78, down 0.52; of PE pipes (weekly, %) is 31.67, down 0.5; of PE agricultural film (weekly, %) is 49.96, up 0.43 [2] Option Market - The 20 - day historical volatility of polyethylene (daily, %) is 8.96, up 0.2; the 40 - day historical volatility is 8.47, up 0.12; the implied volatility of at - the - money put options of polyethylene (daily, %) is 10.46, down 1.35; the implied volatility of at - the - money call options is also 10.46, down 1.35 [2] Industry News - From October 31 to November 6, PE weekly output increased by 2.67% to 66.07 tons, and capacity utilization increased by 1.72% to 82.59%. PE downstream operating rate decreased by 0.51%, with agricultural film operating rate up 0.44% and packaging film operating rate down 0.52%. As of November 7, PE social inventory was 50.01 tons, down 1.86%; as of November 12, PE production enterprise inventory was 52.92 tons, up 7.96%. From November 1 to 7, the cost of oil - based LLDPE decreased by 0.83% to 7328 yuan/ton, and the profit decreased by 10.43 yuan/ton to - 370.43 yuan/ton; the cost of coal - based LLDPE increased by 0.57% to 6884 yuan/ton, and the profit decreased by 158.86 yuan/ton to 39 yuan/ton [2]