echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > August 12 LLDPE morning review

    August 12 LLDPE morning review

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    LLDPE1701 contract closed down in volatility, the futures price tested the pressure around 9200 above, tested the support around 8800 below, and maintained in the 8800-9200 range for a short time, it is recommended to trade long in the range dip
    .

    LLDPE

    News: 1.
    On August 10, some petrochemical stocks in the four major regions were about 71,000 tons, a decrease of about 6.
    2,000 tons, or about 8.
    1%, compared with the inventory on August 3, the previous statistical day
    .

    Raw material prices: Japan naphtha CF Japan reported 354 yuan / ton, down 3; Naphtha FOB Singapore was trading at $37.
    15 a barrel, down 0.
    32
    .
    Ethylene CFR Northeast Asia was at $1060/ton, down 15, and CFR Southeast Asia was flat at $1035/ton
    .

    Spot prices: foreign spot market prices are basically flat, and Far East is flat at $1130 / ton; The Middle East was flat at $1118/ton; The price in the domestic market was basically flat, with North China Daqing reporting 9,000 yuan / ton, down 100; East China Yuyao Jilin Petrochemical 9350 tons, flat; South China reported 9350 yuan / ton, up 50
    .
    Northwest Dushanzi reported 9100 yuan / ton, flat
    .

    Warehouse receipt data: 2916
    .

    Fundamentally, some equipment in East China entered maintenance this week, petrochemical inventories declined, some regions raised factory quotations, coupled with the peak demand season in the future, the fundamentals are favorable, and the price decline is expected to be limited
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.