July 29 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 363.
62 yuan / ton, down 7.
62; naphtha FOB Singapore reported 38.
44 US dollars / barrel, down 0.
91
.
Ethylene CFR Northeast Asia was at $1095/ton, 1095, and CFR Southeast Asia was flat at $1035/ton
.

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 8800 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 9050 tons, flat; South China reported 9200 yuan / ton, up 50
.
Northwest Dushanzi reported 8850 yuan / ton, unchanged
.

News side: 1.
Extend the China Coal PE plant has a shutdown maintenance plan in August, the time is expected to be in early August, the cycle is one month, the DCC device is stopped first, and the MTO device is stopped
later.
2.
CNPC East China LLDPE pricing increased by 50
.
Jilin 7042 fixed 8950, Daqing/Dushanzi 7042 fixed 8900, Fushun / Sichuan 7042 fixed 8900, 7042N fixed 8900, Lanhua 7042H fixed 9100, 7042N fixed 8950, Dushanzi 7042N fixed 8900, Daqing 8320 fixed 9500
.

Warehouse receipt data: 1320
.

Fundamentally, affected by the lack of downstream demand follow-up, plastic inventories have increased, but linear inventory growth is limited, and in the later stage, some devices of the G20 summit are stopped, and the planned production of new capacity equipment production high pressure has limited impact on LLDPE, and it is expected that LLDPE prices are expected to bottom out
in the short term.