July 21 LLDPE morning review

Raw material price: Japan naphtha CF Japan reported 393.
75 yuan / ton, down 9; Naphtha FOB Singapore was trading at $41.
91 a barrel, down 1
.
Ethylene CFR Northeast Asia was flat at $1135/mt, and CFR Southeast Asia was flat at $1085/mt
.

Spot prices: foreign spot market prices are basically flat, and Far East is flat at $1130 / ton; The Middle East was flat at $1118/ton; Domestic market prices fell slightly, North China Daqing reported 9,000 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9,000 tons, down 100; South China reported 9250 yuan / ton, down 150
.
Northwest Dushanzi reported 8850 yuan / ton, unchanged
.

News: 1.
On July 20, some petrochemical stocks in the four major regions were about 66,000 tons, a decrease of nearly 800 tons, or about 1.
2%, compared with the inventory on July 13, the previous statistical day
.
2.
It is understood that Shenhua Xinjiang plans to open MTO equipment today, and the product
is expected to be released in mid-August.
Shenhua Xinjiang has a high-pressure production capacity of 270,000 tons/year, and a production capacity of 2426H
after start-up.

Warehouse receipt data: 1083
.

Fundamentally, the short-term downstream has a weak impact on the enthusiasm of high-priced raw materials, the downstream profit rise is insufficient follow-up, most of them take goods on demand, the stocking sentiment is not high, the petrochemical drunken device is driving, the operating rate has risen sharply, the supply and demand side has weakened, the short-term upward momentum is limited, and the future market pays attention to the increase in demand in the downstream peak season, and the impact of the expansion of the future-to-present price difference
.