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    Home > Chemicals Industry > New Chemical Materials > July 4 LLDPE morning review

    July 4 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, the LLDPE1609 contract closed down in volatility, short-term below the test of the first line around 8800 support, the second line of 8600 near support, above test of pressure around 9250, is expected to maintain short-term in the 8600-9300 range oscillation, recommended range trading
    .

    LLDPE

    Raw material prices: Japan naphtha CF Japan reported 418 yuan / ton, down 1.
    62; naphtha FOB Singapore reported 45 US dollars / barrel, flat
    .
    Ethylene CFR Northeast Asia was flat at $1125/mt, and CFR Southeast Asia was flat at $1095/mt
    .

    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
    .

    News side: 1.
    CNPC East China LLDPE pricing increased by 150-200
    .
    Jilin 7042 9150, Daqing/Dushanzi 7042 9100, Fushun/Sichuan 7042 9100, 7042N 9100, Lanhua 7042H 9250, 7042N 9150, Dushanzi 7042N 9100, Daqing 8320 9650
    .

    Warehouse receipt data: 64.

    Fundamentally, at the beginning of the month, traders open orders to take goods, petrochemical linear inventory is generally low, factory prices are firm, in the later stage, the market is low enthusiasm for high-priced raw material procurement, coupled with futures premium spot, some bulls took profits, and it is expected that the short-term price upside is limited
    .

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