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On Monday, the LLDPE1609 contract opened high and low, the futures price closed slightly higher, the short-term test channel below the test of support around 8250, the upper test of pressure around 8500, is expected to maintain short-term range volatility, recommended range trading
.
News side: 1.
CNPC East China LLDPE pricing sales cut by 200
.
Fu/Chuan 7042/7042N 9350, Da/Du/Lan 7042/7042N 9350, Jihua 7042/7042N 9400.
Lan 7042H 9400
.
2.
CNPC East China LLDPE pricing sales reduced by 200
.
Fu/Chuan 7042/7042N 9350, Da/Du/Lan 7042/7042N 9350, Jihua 7042/7042N 9400.
Lan 7042H 9400
Spot price: foreign spot market prices fell slightly, Far East reported 1160 yuan / ton, down 10; The Middle East was trading at $1145/mt, down 10
.
Domestic market prices fell, North China Daqing reported 9200 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9450 tons, down 150; South China News 9750 yuan / ton, flat
.
Northwest Dushanzi reported 9350 yuan / ton, unchanged
.
Raw material prices: 1, Japan naphtha CF Japan reported 383.
62 yuan / ton, up 3.
87; naphtha FOB Singapore reported 41.
15 US dollars / barrel, up 0.
31
.
Ethylene CFR Northeast Asia was at $1200/ton, up 5, and CFR Southeast Asia was at $1160/ton, up 5
.
Due to the insufficient follow-up of downstream demand, the increase in petrochemical inventories, suppressing the upward momentum of prices, spot market prices in some regions fell, but in April, some equipment maintenance, and term spread discount is large, short-term decline space is limited
.