echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 16 LLDPE morning review

    June 16 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

    LLDPE1609 contract volatility closed higher, above test around 8500 pressure, lower test focus on support around 8100, is expected to maintain short-term in the 8100-8500 range strong volatility, intraday relying on 8200-8300 near short long trading
    .

    LLDPE

    Raw material prices: 1, Japan naphtha CF Japan reported 418.
    5 yuan / ton, down 1.
    62; naphtha FOB Singapore reported 44.
    7 US dollars / barrel, down 0.
    13
    .
    Ethylene CFR Northeast Asia was flat at $1040/mt, and CFR Southeast Asia was flat at $1045/mt
    .

    Spot prices: foreign spot market prices were basically flat, and Far East reported 1085 US dollars / ton, flat; The Middle East was flat at $1075/mt; Domestic market prices were mixed, with North China Daqing reporting 8700 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8800 tons, flat; South China reported 8850 yuan / ton, down 50
    .
    Northwest Dushanzi reported 8650 yuan / ton, unchanged
    .

    News side: 1.
    Compared with June 8, the total inventory of some petrochemicals in East China has increased by 1,370 tons, and the total inventory is about 28,760 tons
    .
    High-pressure inventories increased by about 570 tons; The amount of low-pressure inventory increased by about 1260 tons; Linear stocks decreased by 460 tonnes
    .

    Warehouse receipt data: 68.

    Summary of views: In the short term, the overall social inventory remains moderately lower, downstream factories have replenishment behavior after returning from the holiday, and the ex-factory price has been raised in some regions, and the futures price has risen
    .

    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.