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On Friday, the LLDPE1609 contract closed in volatility, testing pressure around 8700 above, testing support around 8250 below, and maintaining short-term volatility in the 8250-8700 range, recommended range trading
.
Raw material prices: 1, Japan naphtha CF Japan reported 404.
62 yuan / ton, up 13; Naphtha FOB Singapore was trading at $43.
51 a barrel, up 1.
42
.
Ethylene CFR Northeast Asia was at $1190/ton, down 10, and CFR Southeast Asia was at $1145/ton, down 25
.
Spot price: foreign spot market prices fell slightly, Far East reported 1120 yuan / ton, down 10; The Middle East was closed at $1110/mt, down 6
%.
Domestic market prices fell, North China Daqing reported 8800 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8950 tons, flat; South China reported 9200 yuan / ton, flat
.
Northwest Dushanzi reported 9150 yuan / ton, unchanged
.
News side: 1, Ningxia Baofeng 300,000 tons / year polyethylene plant production 7042
.
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
.
The fundamentals are affected by the short-term maintenance of the device, the social inventory is reduced, but the downstream demand follow-up is insufficient, and the new production capacity of China Coal Mengda is about to be launched, and the petrochemical lowers the factory price, but the large future-spot price difference limits its downward space, and maintains range-bound volatility in the short term
.
