January 12 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 505.
38 yuan / ton, down 7.
87; naphtha FOB Singapore reported 54.
49 US dollars / barrel, down 0.
79
.
Ethylene CFR Northeast Asia was at $1120/ton, down 10, and CFR Southeast Asia was flat at $980/mt
.

Spot prices: foreign spot market prices fell slightly, Far East reported 1145 US dollars / ton, down 5; The Middle East was trading at $1132/mt, down 5
%.
Market prices rose slightly, North China Daqing reported 10,000 yuan / ton, up 20; East China Yuyao Jilin Petrochemical 10,150 tons, flat; South China News 10150 yuan / ton, flat
.
Northwest Dushanzi reported 9800 yuan / ton, unchanged
.

News side: 1.
The total amount of PE social inventory increased by about 11,000 tons this week, an increase of 4%.

From the perspective of petrochemicals, petrochemical inventories in North and South China increased slightly, and petrochemical inventories in East China declined
slightly.
At present, the inventory of off-site storage is low, and some sources of goods are in the factory warehouse
.

Warehouse receipt data: 5948
.

At the end of the year, the source of imported goods increased, the port inventory level rose, the downstream began to stop work and holiday near the Spring Festival, demand weakened, and social inventory increased, but in the peak season of mulch film consumption, the demand for terminal mulch film gradually started, traders after the price pullback or bargain stocking, limiting the price decline space, is expected to maintain range volatility
in the short term.