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    Home > Chemicals Industry > New Chemical Materials > August 8 LLDPE morning review

    August 8 LLDPE morning review

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On Friday, the LLDPE1701 contract closed up in volatility, testing pressure around 9200 above the futures price, testing support around 8900 below, and maintaining a strong oscillation in the 8900-9300 range in the short term, it is recommended to establish a long order
    around 8900-9000.

    LLDPE

    News side: 1.
    Qilu Petrochemical's 120,000 tons/year linear unit produces J09 powder, and plans to stop and clear the bed in the later stage, with 140,000 tons/year of low-pressure first-line production of 22F and second-line production of 22F; 250,000 tons/year new low-pressure production 6098; 140,000 tons/year high-voltage device production 02TN00.

    Raw material prices: Japan naphtha CF Japan reported 350 yuan / ton, down 6; Naphtha FOB Singapore was trading at $36.
    72 a barrel, down 0.
    67
    .
    Ethylene CFR Northeast Asia was at $1075/ton, down 20, and CFR Southeast Asia was flat at $1035/ton
    .

    Spot prices: foreign spot market prices were basically flat, with the Far East reported 1131 US dollars / ton, flat; The Middle East was flat at $1118/ton; The price in the domestic market was basically flat, and North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9200 tons, flat; South China News 9400 yuan / ton, flat
    .
    Northwest Dushanzi reported 9,000 yuan / ton, down 150
    .

    Warehouse receipt data: 2368
    .

    Fundamentally, affected by the lack of downstream demand follow-up, plastic inventories have increased, but linear inventory growth is limited, and in the later stage, some devices of the G20 summit are stopped, and the high pressure of the planned new capacity equipment production is not much pressure on LLDPE supply, and it is expected that the short-term LLDPE price will be strongly volatile
    .

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