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On Friday, the LLDPE1701 contract closed in volatility, testing pressure around 9300 above the futures price and support around 8900 below, and it is recommended to rely on the 8900-9000 area to open long orders
.
Raw material prices: Japan naphtha CF Japan reported 405.
62 yuan / ton, up 8; Naphtha FOB Singapore was trading at $42.
95 a barrel, up 0.
89
.
Ethylene CFR Northeast Asia was at $1195/ton, down 5, and CFR Southeast Asia was flat at $1070/ton
.
Spot prices: foreign spot market prices fell slightly, and the Far East reported 1140 US dollars / ton, up 10; The Middle East was quoted at $1129/ton, up 10; The domestic market price was basically flat, North China Daqing reported 9200 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9500 tons, flat; South China News 9450 yuan / ton, flat
.
Northwest Dushanzi reported 9100 yuan / ton, flat
.
News side: 1, PE CNPC South China linear part rose 50: four 7042 fixed 9550, 7042N fixed 9500, Fushun 7042 fixed 9550, Lanzhou 7042H fixed 9750
.
Warehouse receipt data: 5810
.
Fundamentally, petrochemical inventories have decreased slightly this week, some units have entered a maintenance state, coupled with the peak demand season in the future, supply is expected to continue to decrease, and there are not many goods delivered in September, which has limited impact on the market, and it is expected that the price decline momentum will be limited
.