echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 7 LLDPE morning review

    July 7 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Wednesday, LLDPE1609 contract volatility closed higher, short-term below the test of the five-day line near the support level, above the test of 9600 first pressure level, 9900 second pressure level, is expected to maintain short-term range volatility, it is recommended that bulls reduce positions to take profits, short positions temporarily wait and see
    .

    LLDPE

    Raw material prices: Japan naphtha CF Japan reported 414.
    25 yuan / ton, down 13.
    5; naphtha FOB Singapore reported 44.
    33 US dollars / barrel, down 1.
    5
    .
    Ethylene CFR Northeast Asia was flat at $1100/ton, and CFR Southeast Asia was at $1007.
    5/ton, down 4
    .

    Spot prices: foreign spot market prices rose slightly, Far East reported 1130 US dollars / ton, up 5; The Middle East was quoted at $1120/ton, up 5; Domestic market prices rose slightly, North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9400 tons, flat; South China News 9400 yuan / ton, flat
    .
    Northwest Dushanzi reported 9150 yuan / ton, up 100
    .

    News side: 1.
    The overall operating rate of polyethylene petrochemical plants this week is around 82%, down 1 percentage point
    from last week.
    2.
    The listed price of LLDPE in South China of PetroChina was increased by 200 yuan / ton
    .

    Fundamentally, the short-term petrochemical linear inventory is low overall, the factory price is firm, the futures market is higher, in the later stage, the demand season is coming, it is expected that the downstream operating rate has rebounded, and some devices are expected to be repaired, the fundamentals are still positive, but the short-term futures price rises too fast, the downstream is cautious and vigilant against the risk of
    pullback.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.