Group 1: Futures Market Information - The previous day's closing prices of LL (1 - month, 5 - month, 9 - month) were 7188, 7233, 7280 respectively, with changes of - 57, - 56, - 19 and percentage changes of - 0.79%, - 0.77%, - 0.26% compared to the prices two days ago [2]. - The previous day's closing prices of PP (1 - month, 5 - month, 9 - month) were 6926, 6963, 6931 respectively, with changes of - 56, - 54, - 53 and percentage changes of - 0.80%, - 0.77%, - 0.76% compared to the prices two days ago [2]. - The trading volumes of LL (1 - month, 5 - month, 9 - month) were 207880, 9760, 66 respectively, and the trading volumes of PP (1 - month, 5 - month, 9 - month) were 234762, 20649, 871 respectively [2]. - The open interests of LL (1 - month, 5 - month, 9 - month) were 529473, 38224, 67 respectively, with changes of 9217, - 329, 35. The open interests of PP (1 - month, 5 - month, 9 - month) were 574719, 71061, 1575 respectively, with changes of 3878, 3796, 524 [2]. - The current spreads of LL (1 - month - 5 - month, 5 - month - 9 - month, 9 - month - 1 - month) were - 45, - 47, 92 respectively, and the current spreads of PP (1 - month - 5 - month, 5 - month - 9 - month, 9 - month - 1 - month) were - 37, 32, 5 respectively [2]. Group 2: Spot Market Information - In the raw material and spot market, the current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and plastic film were 2348 yuan/ton, 6625 yuan/ton, 593 dollars/ton, 5600 yuan/ton, 6750 yuan/ton, 8800 yuan/ton respectively [2]. - In the mid - stream spot market, the current price ranges of LL in East China, North China, and South China were 7200 - 7700 yuan/ton, 7150 - 7400 yuan/ton, 7300 - 7750 yuan/ton respectively. The current price ranges of PP in East China, North China, and South China were 6750 - 6900 yuan/ton, 6750 - 6850 yuan/ton, 6700 - 6950 yuan/ton respectively [2]. Group 3: News - On Thursday (September 18), the settlement price of WTI crude oil futures for October 2025 on the New York Mercantile Exchange was $63.57 per barrel, down $0.48 or 0.75% from the previous trading day, with a trading range of $63.33 - $64.55 [2]. - The settlement price of Brent crude oil futures for November 2025 on the London Intercontinental Exchange was $67.44 per barrel, down $0.51 or 0.75% from the previous trading day, with a trading range of $67.19 - $68.42 [2]. Group 4: Core Views and Strategies - Polyolefins closed down with a negative candlestick. In the spot market, the prices of linear LL from Sinopec and part of PetroChina were stable, and the prices of drawn PP from Sinopec and PetroChina were stable [2]. - From a fundamental perspective, the spot market of polyolefins is still mainly driven by supply - demand factors. Currently, the PE inventory is being slowly digested, and the PP inventory has also improved [2]. - After continuous declines, the short - selling pressure has been released, and the stabilization of crude oil prices provides support for chemicals. However, after the Fed's interest rate cut, the market declined due to concerns about future demand realization [2]. - In the medium - term, with the interaction of cost and supply - demand factors, polyolefins may continue to oscillate in a low - level range [2]

Group 1 - The main plastic futures contract experienced a rapid increase, reaching a peak of 7339.00 yuan, with a closing price of 7339.00 yuan, reflecting a rise of 2.66% [1] - Zhonghui Futures suggests a bearish outlook for plastic, citing an increase in supply with 2.08 million tons of new capacity from companies like Wanhua and the startup of Shandong New Era's facility [2] - Shenyin Wanguo Futures indicates that the short-term trend for plastic will continue to rebound and repair prices, supported by a recent rebound in international crude oil prices [3] Group 2 - The demand side shows a decline in agricultural film operating rates for four consecutive weeks, indicating weak demand [2] - The overall sentiment in the commodity market is positive due to the recent consensus reached during the China-US meeting, which may support plastic prices [3] - The recommendation from Zhonghui Futures is to gradually take profits on long positions and avoid chasing higher prices, while monitoring the price trends of crude oil and coal [2]