Demand is expected to improve, LLDPE prices will fluctuate

News: 1.
Port inventories fell this week, and as of September 20, the total amount was 310,400 tons, down 10,900 tons from last week and 89,600 tons
from the same period last year.

2.
Fushun Petrochemical PE plant full-density device production 2911; Linear unit converted to 7042; The new low-voltage unit produces 7750M
.
Yan'an Energy PE low-voltage plant has a production capacity of 420,000 tons/year, and the plant will stop on September 1 and is expected to start up
on October 14.

Upstream raw materials market: The price of naphtha in the Japanese market rose to $531/mt, +10.
50
.
Ethylene Asian market Northeast Asia quotation is 900 US dollars / ton, 0; Southeast Asia region is 830 US dollars / ton, -10
.

Spot market: The price of domestic polyethylene market in the morning was mixed
.
In terms of petrochemicals, the selling company's low-pressure pipe opening price was raised, and most of the remaining varieties were stable
.
In terms of the market, linear futures fell weakly, merchants were cautious, except for the small increase in the price of some tight resources, linear resources mostly had a narrow decline
.
The downstream just needs to take the goods, and the transaction atmosphere is general
.
As of the noon close, the North China market fluctuated by 20-100 yuan / ton; East China market volatility; The South China market is temporarily stable
.

Warehouse receipt inventory: exchange warehouse receipts reported 2478 lots, intraday - 117 lots; In the historical median zone
.
Main position: The top 20 long positions in the main contract are 229240 lots, +3114 lots, short positions are 239313 lots, +323 lots, and the net position is -10073 lots, with a decrease
in net shorting.

Summary: International oil prices rose due to Saudi supply concerns and tensions in the Middle East; Coupled with the recovery of naphtha prices, it has formed a certain support
for costs.
Port inventories continued to decline this week, and the rate of inventory depletion was acceptable
.
Downstream agricultural film orders have accumulated, and the start of construction has increased, and with the National Day holiday approaching, merchants' enthusiasm for stocking has rebounded
slightly.
Demand has improved, but not by much
.
L2001 price volatility fall, upper shadow black line closed, hourly KDJ indicator at a low level, the price after a sharp rise after insufficient upward momentum, the upper can pay attention to the pressure around 7700, the lower focus on the support around 7530, it is expected that the price will fluctuate and finish
.
Operationally, it is recommended to trade
in the range of 7530-7700.