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    Home > Chemicals Industry > New Chemical Materials > July 8 LLDPE morning review

    July 8 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Thursday, LLDPE1609 contract opened high and low, closed slightly higher, short-term below the test of the first support line around 9150 support, 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 for the time being
    .

    LLDPE

    Raw material price: Japan naphtha CF Japan reported 414.
    25 yuan / ton, unchanged; Naphtha FOB Singapore was flat at $44.
    33 a barrel
    .
    Ethylene CFR Northeast Asia was flat at $1125/mt, and CFR Southeast Asia was flat at $1095/mt
    .

    Spot prices: foreign spot market prices are basically flat, and Far East is flat at $1130 / ton; The Middle East was flat at $1120/mt; Domestic market prices rose slightly, North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9400 tons, flat; South China reported 9500 yuan / ton, down 50
    .
    Northwest Dushanzi reported 9150 yuan / ton, unchanged
    .

    News: 1.
    On July 6, some petrochemical stocks in the four major regions were about 64,000 tons, an increase of more than 1,700 tons from the previous statistical day on June 29, a decrease of about
    2.
    7%.

    Warehouse receipt data: 64.

    Fundamentally, in the short term, due to the lack of billing and high prices of petrochemical at the end of the month and the weak enthusiasm of the downstream to open orders for high-priced raw materials, the increase in petrochemical inventories, the insufficient follow-up of downstream profit rises, most of them take goods on demand, the stocking sentiment is not high, the supply and demand side weakens, and the risk
    of pullback is vigilant.

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