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    Home > Chemicals Industry > New Chemical Materials > April 19 LLDPE morning review

    April 19 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Monday, the LLDPE1609 contract closed slightly higher, testing pressure around 8500 above, and support around 8200 below, which is expected to remain in the short term, 8200-8500 range volatility, recommended range trading
    .

    LLDPE

    Raw material prices: 1, Japan naphtha CF Japan reported 395.
    5 yuan / ton, up 0.
    5; naphtha FOB Singapore reported 42.
    4 US dollars / barrel, up 0.
    05
    .
    Ethylene CFR Northeast Asia was flat at $1200/mt, while CFR Southeast Asia was at $1170/mt, up 10
    %.

    Spot price: foreign spot market prices fell slightly, Far East reported 1155 yuan / ton, down 15; The Middle East was closed at $1141/ton, down 14
    .
    Domestic market prices fell, North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9150 tons, down 150; South China News 9400 yuan / ton, flat
    .
    Northwest Dushanzi reported 9250 yuan / ton, unchanged
    .

    News side: 1.
    Shenhua Xinjiang's 270,000-ton high-voltage device is expected to be put into operation in early May, and it is expected to produce qualified products
    from June to July.
    2.
    The LLDPE pricing and sales of Sinopec East China Branch were reduced by 150
    .
    Yangtze 7042 at 9100, 1801 at 9050, 1802 at 9100, Zhenhae 7042 at 9100, 7050 at 9100, 8320 at 9250

    Due to the insufficient follow-up of downstream demand, the increase in petrochemical inventories, and the launch of new production capacity of China Coal Mengda, suppressing the upward momentum of prices, but the large futures price difference and the maintenance of some devices limited their decline, the fundamentals were long and short intertwined, and the short-term futures price maintained range volatility
    .

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