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April 20 LLDPE morning review

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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On Tuesday, the LLDPE1609 contract closed in volatility, testing pressure around 8500 above, support around 8200 below, and if the futures price fails to hold 8200, or further falls to around 7900-8000, intraday participation is the mainstay
.

LLDPE

Raw material prices: 1, Japan naphtha CF Japan reported 377.
5 yuan / ton, down 18; Naphtha FOB Singapore was trading at $40.
43 a barrel, down 1.
97
.
Ethylene CFR Northeast Asia was flat at $1200/mt, while CFR Southeast Asia was at $1170/mt, up 10
%.

Spot price: the foreign spot market price is basically flat, the Far East reported 1155 yuan / ton, flat; The Middle East was flat at $1141/mt
.
Domestic market prices fell, North China Daqing reported 8900 yuan / ton, down 150; East China Yuyao Jilin Petrochemical 9100 tons, down 50; South China News 9350 yuan / ton, flat
.
Northwest Dushanzi reported 9150 yuan / ton, unchanged
.

News side: 1.
On April 19, some petrochemical PE stocks in North China continued to increase by more than 1,000 tons compared with April 12, an increase of about
4.
73%.
2.
The listed price of CNPC South China LLDPE was reduced by 200 sales
.
(: yuan/ton): Sichuan 7042/N 9200, Fushun 7042 9200, Fushun 7042N 9200, Lanhua 7042H 9250, Daqing 8320 9200
.

Due to the insufficient follow-up of downstream demand, the increase in petrochemical inventory, and the launch of new production capacity of China Coal Mengda, Petrochemical lowered the ex-factory price, suppressing the price upward momentum, but the future-spot price difference was large and some devices were overhauled, the fundamentals were intertwined, and the short-term futures price maintained a weak range
.

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