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    Home > Chemicals Industry > New Chemical Materials > April 28 LLDPE morning review

    April 28 LLDPE morning review

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    On Wednesday, the LLDPE1609 contract fluctuated down, testing pressure around 9000 above, focusing on whether it can hold support around 8650 below, and looking below 8450 if it falls below the 8650 line of support, otherwise it oscillates
    in the 8650-9000 range.

    LLDPE

    News side: 1.
    The total amount of PE social inventory this week decreased by about 20,000 tons compared with the previous cycle (April 20), a decrease of about
    6.
    28%.

    Raw material prices: 1, Japan naphtha CF Japan reported 403.
    62 yuan / ton, down 1.
    5; naphtha FOB Singapore reported 43.
    4 US dollars / barrel, down 0.
    17
    .
    Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
    .

    Spot price: the foreign spot market price is basically flat, the Far East reported 1130 tons, flat east reported 112 US dollars / ton, flat domestic market prices fell, North China Daqing reported 8900 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9100 tons, flat; South China News 9350 yuan / ton, flat
    .
    Northwest Dushanzi reported 8900 yuan / ton, unchanged
    .

    Warehouse receipt data: 988, an increase of 240
    .

    Near the end of the month, downstream traders completed orders to take goods and petrochemical equipment maintenance impact, petrochemical inventories decreased, petrochemical factory prices in some areas remained firm, but considering that the market gradually turned into the off-season and the aftermarket equipment maintenance gradually resumed work, and China Coal Mengda successfully put into production, short-term should pay attention to the upper pressure, the middle line is still looking at the dip and long
    .

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