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July 12 LLDPE morning review

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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low high concentration

impact dynamics

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On Monday, the LLDPE1609 contract closed down in shock, testing the support near the 20-day moving average below, testing the five-day line pressure above, the short-term KDJ indicator turned downward, and the futures price had insufficient upward momentum, and it was recommended to back the five-day line light short position
.

LLDPE

Raw material prices: Japan naphtha CF Japan reported 396.
5 yuan / ton, down 18.
75; naphtha FOB Singapore reported 42.
36 US dollars / barrel, down 2.
09
.
Ethylene CFR Northeast Asia was at $1135/ton, up 10, and CFR Southeast Asia was flat at $1095/ton
.

Spot prices: foreign spot market prices rose slightly, Far East reported 1135 US dollars / ton, up 5; The Middle East was quoted at $1125/ton, up 5; Domestic market prices rose slightly, North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9200 tons, down 50; South China reported 9500 yuan / ton, flat
.
Northwest Dushanzi reported 9150 yuan / ton, unchanged
.

News side: 1.
Daqing Petrochemical PE device dynamics, old high-voltage device production 18D, new high-voltage device production 2426H, linear device stop, full-density first-line production 6200, full-density second-line production 8320, low-voltage A line production 5000S, B line production 5000S, C line device production 5300B
.

Warehouse receipt data: 63
.

Fundamentally, the short-term downstream has a weak impact on the enthusiasm of high-priced raw materials, petrochemical inventories increase, downstream profit rise follow-up is insufficient, most of them take goods on demand, stocking sentiment is not high, supply and demand side weaken, and futures prices have pulled back
.

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