July 1 LLDPE morning review

News side: 1.
Pucheng clean energy full-density polyethylene plant capacity is 300,000 tons/year and 7042
.
Today, the listing price of 7042 factory rose by 20 yuan / ton to 8770 yuan / ton
.
2.
Yangzi Petrochemical PE linear plan to turn 1802, low-voltage A line production 5000S
.
Line B produces 5505T
.
C line produces 4902T (pipe).

Note: The linear unit is scheduled to be shut down for maintenance
from July 28 to August 5.

Raw material prices: Japan naphtha CF Japan reported 419.
88 yuan / ton, 5.
5; naphtha FOB Singapore reported 45.
03 US dollars / barrel, up 0.
61
.
Ethylene CFR Northeast Asia was at $1095/ton, up 5, and CFR Southeast Asia was at $1065/ton, up 5
.

Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1120 US dollars / ton, flat; The Middle East was flat at $1110/mt; Domestic market prices rose slightly, North China Daqing reported 8900 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8950 tons, flat; South China reported 9200 yuan / ton, up 120
.
Northwest Dushanzi reported 8850 yuan / ton, unchanged
.

Warehouse receipt data: 63
.

Fundamentally, near the end of the month traders open a single task to take goods, petrochemical linear inventory overall low, factory prices firm, in the later stage, the market for high-priced raw materials procurement enthusiasm is low, coupled with futures premium spot, some bulls took profits, it is expected that short-term futures prices have limited room to rise
.
It is expected that the short-term upside of the futures price is limited, there are pullback requirements, and it is expected to remain in the 8600-9300 range in the short term, which is weak, and it is recommended that short orders around 9200 yesterday continue to hold
.