April 13 LLDPE morning review

Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1160 yuan / ton, flat; The Middle East was flat at $1145/mt
.
Domestic market prices fell, North China Daqing reported 9200 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9450 tons, flat; South China News 9750 yuan / ton, flat
.
Northwest Dushanzi reported 9350 yuan / ton, unchanged
.

News side: 1.
The overall operating rate of polyethylene petrochemical plants is around 76%, down 15 percentage points from last week, of which central China is affected by the shutdown of Wuhan Petrochemical's 600,000-ton plant, the average operating level in the region has decreased significantly, and the operating rate in other regions has not changed much
.
2.
Ningxia Baofeng's 300,000 tons/year polyethylene plant produces 8008
.
It is understood that due to the company's production equipment problems, it is planned to stop for maintenance on April 25 for one month, and Longzhong will continue to follow up the report
.

Raw material prices: 1, Japan naphtha CF Japan reported 391.
38 yuan / ton, up 7.
76; naphtha FOB Singapore reported 42.
04 US dollars / barrel, up 0.
89
.
Ethylene CFR Northeast Asia was flat at $1200/mt, and CFR Southeast Asia was flat at $1160/mt
.

Due to the insufficient follow-up of downstream demand, the increase in petrochemical inventories, suppressing the upward momentum of prices, petrochemical prices in some regions fell, but in April, some equipment maintenance, and the term spread discount was large, and the short-term decline space was limited
.