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    Home > Chemicals Industry > New Chemical Materials > April 29 LLDPE morning review

    April 29 LLDPE morning review

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    On Thursday, the LLDPE1609 contract closed down in volatility, testing the pressure around 8800 above, and focusing on whether it can stand support around 8500 below, and is expected to maintain short-term volatility in the 8500-8800 range, recommended range trading
    .

    LLDPE

    News side: 1, China Coal Mengda New Energy Chemical Co.
    , Ltd.
    300,000 tons / year PE output of 7042, on the 29th Mengda 7042 distribution price in North China was reduced by 50 yuan / ton to 8800 yuan / ton
    .

    Raw material prices: 1, Japan naphtha CF Japan reported 419.
    75 yuan / ton, up 16.
    13; naphtha FOB Singapore reported 45.
    12 US dollars / barrel, up 1.
    72
    .
    Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
    .

    Spot prices: foreign spot market prices fell slightly, Far East reported 1120 tons, down 10; East reported 1120 US dollars / ton, down 10; The price in the domestic market was basically flat, and 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 8950 yuan / ton, up 50
    .

    Warehouse receipt data: 1023, an increase of 35
    .

    Near the end of the month, downstream traders completed orders to take goods and petrochemical equipment maintenance impact, petrochemical inventory decreased, but considering that the market gradually turned into the off-season and the gradual resumption of equipment maintenance in the future, and China Coal Mengda successfully put into operation, the price upward momentum is insufficient, and it is expected to maintain a weak range in the short term
    .

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