January 18 LLDPE morning review

News side: 1.
The average operating rate of polyethylene petrochemical plants this week is around 98%, down 4 percentage points from last week, from a regional point of view, the operating rate of enterprises in East China is still overloaded, but North and South China are affected by the behavior of enterprise shutdown and production conversion, and the average operating rate has decreased
slightly.

Raw material prices: Japan naphtha CF Japan reported 508.
62 yuan / ton, down 11.
88; naphtha FOB Singapore reported 55.
54 US dollars / barrel, down 1.
05
.
Ethylene CFR Northeast Asia was flat at $1110/ton, and CFR Southeast Asia was at $1005/ton, up 20
%.

Spot prices: foreign spot market prices fell slightly, Far East reported 1130 US dollars / ton, down 5; The Middle East was at $1118/mt, down 5
.
Market prices rose slightly, North China Daqing reported 10,050 yuan / ton, up 50; East China Yuyao Jilin Petrochemical 10,200 tons, up 50; South China reported 10,100 yuan / ton, flat
.
Northwest Dushanzi reported 9950 yuan / ton, up 50
.

Warehouse receipt data: 5946
.

At the end of the year, the source of imported goods increased, the port inventory level rose, the downstream began to stop work and take holidays near the Spring Festival, demand weakened, social inventory increased, spot market prices rose slightly after the early week of goods, the weakening of the black series dragged down commodities during the day, short-term market trading is cautious, and the futures price is expected to maintain range fluctuations
.