January 6 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 499.
5 yuan / ton, down 3; Naphtha FOB Singapore was trading at $53.
62 a barrel, down 0.
33
.
Ethylene CFR Northeast Asia was flat at $1140/mt, while CFR Southeast Asia was flat at $980/mt

Spot prices: foreign spot market prices rose slightly, Far East reported 1160 US dollars / ton, up 5; The Middle East was quoted at $1147/mt, up 5
%.
Market prices fell slightly, with North China Daqing reporting 10,000 yuan / ton, unchanged; East China Yuyao Jilin Petrochemical 10,050 tons, down 50; South China reported 10,300 yuan / ton, flat
.
Northwest Dushanzi reported 9850 yuan / ton, unchanged
.

News side: 1.
The overall operating rate of polyethylene petrochemical plants this week is around 100%, the same
as last week.
During the statistical period, the petrochemical operating rate in various regions did not change much, and the operating rate in East China remained at a high level
.

Warehouse receipt data: 7663
.

At the end of the year, the source of imported goods increased, the port inventory level rose, the social inventory also increased, the later stage paid attention to the downstream stocking situation of the mulch film consumption season, the short-term overall market supply and demand is relatively balanced, but at the end of the year, the liquidity of funds is tight, the willingness to receive goods at high prices in the market is weak, petrochemical prices are reduced, and the futures price is expected to maintain a weak range
.