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April 6 LLDPE morning review

 Last Update: 2022-12-01
 Source: Internet
 Author: User

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1 2 dichloroethene

1 2 dibromoethane

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On Tuesday, the LLDPE1609 contract closed down in volatility, testing support around 8500 below, pressure around 8900 above, and maintaining strong volatility in the 8500-8900 range in the short term, and it is recommended to go long
on dips.

LLDPE

Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1180 yuan / ton, flat; The Middle East was flat at $1165/mt
.
The price in the domestic market was basically flat, and North China Daqing reported 9450 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9700 tons, flat; South China News 9750 yuan / ton, flat
.
Northwest Dushanzi reported 9400 yuan / ton, unchanged
.

Upstream prices: 1, Japan naphtha CF Japan reported 374.
75 US dollars / ton, down 14; Naphtha FOB Singapore was trading at $40.
19 a barrel, down 1.
66
.
Ethylene CFR Northeast Asia was flat at $1205/mt, and CFR Southeast Asia was flat at $1160/mt
.

News side: 1.
Device report: Baotou Shenhua's 300,000-ton full density was stopped for overhaul on April 1, and it is expected to be started
on May 8.
2.
The LLDPE price of CNPC North China Company is stable, and the ratio of solute 2 tie-in solute in Shandong is 1 to 3, and 1:1
in Tianjin.

Short-term early port inventory is not much, coupled with some equipment maintenance in April, it is expected that the market supply will gradually decrease, and the price still has upside, but China Coal Mengda is expected to put into operation, and the consumption season is gradually weakening, and the medium line needs to pay attention to the upper pressure
.

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